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.
