The Union Budget presented by Mr. Jaswant Singh, Finance Minister is Excellent full of vision. The budget would raise the quality of life, non-inflationary, generate employment and be growth oriented said Prof. J.D. Agarwal, Chairman, Indian Institute of Finance while welcoming the Union Budget presented today.

He also welcomed the Finance Minister’s appreciable concern for the health of the people.

Prof. Agarwal feels that the budget would result in deepening the process of economic reforms and globalisation through private public sector partnership, rationalization of taxation.

The Budget proposals would bring cheers to all. It would increase the global competitiveness of Indian Industry and revive capital market marginally, said Prof. Agarwal

Prof. Agarwal asserted that the Budget is geared to motivate expenditure to boost demand for goods and services through reduction and rationalization of central sales tax, excise and customs duties. It would also help India technological upgradation.

He welcomed the Finance Minister announcement of several measures to streamline the procedure of taxation and curb prevailing corruption and harassment.

He also welcomed the finance minister announcement for initiative to provide social security to people of the country.

According to him, the finance minister deserves congratulations for presenting the budget tuned to the current and future needs of India.