A mature and calibrated Budget: Sudip Bandyopadhyay

Sudip Bandyopadhyay, President, Destimoney Securities termed the Union Budget as "mature and calibrated which seeks to address the priorities of the hour". He said, "Facilitating foreign investments in domestic capital markets through mutual funds and significantly increasing foreign investment limit in corporate bonds ensures fresh flow of the required foreign investment. Also, attempts to control fiscal deficit and revenue leakages, through direct transfer of subsidy and extension of NBS for urea based fertilisers is a welcome development."

He observed that "no unnecessary tinkering with both direct and indirect tax rates ensures  continuation of positive sentiments for the capital market growth momentum in the corporate sector”.