Leaders, Financial experts hail budget as a step in the right direction

(Fast Mail News)-AIR PicsIndustry chambers have welcomed the budget. Talking exclusively to AIR, Director General CII Chandrajit Banerjee said it is a landmark budget focusing on growth, health care and employment generation.

FICCI President Uday Shankar the budget is focussed on the revival of the economy.

Bikas Mishra, senior advisor Indian Banks' Association expressed happiness saying recapitalisation of banks is a significant step taken by the Finance Minister.

Congress has criticized the budget alleging that it has only focussed on big corporates. Talking to reporters outside Parliament, senior party leader Shashi Tharoor said, this government has a track record of not fulfilling the promises and targets. He said, the centre has failed to meet the disinvestment targets continuously for the last few years. Another party leader Gaurav Gogoi said, the budget has nothing substantial for the tea garden workers as promised by the central government earlier. Party MP Karti Chidambaram said that the budget has made false promises for poll bound states and only promises have been made in this budget.

CPI leader Atul Anjan said opening up the insurance sector will be detrimental for the economy. Mr Anjan, however, welcomed the step taken for the citizens above 75 not to file income tax.

National Conference chief Farooq Abdulla said that the budget has nothing concrete for the development of Jammu and Kashmir. He said, the budget has made lots of big promises but it will be seen in the future, how they will be fulfilled.