Business honchos, politicians hopeful about good and balanced budget

Business honchos and politicians today said that they were hopeful about expecting a balanced budget from the NDA Government for fiscal 2015-16.

Sanjiv Choudhary, a partner with the International Tax and Regulatoryt Services was cautious in initial responses to what he expected for the budget for the year 2015-165.

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"It is too fast to decide on anything. The government needs provide budget projections for the next two to three years and not for the next five to six months. We are hoping for a good and balanced budget,"Choudhary told ANI here.

Naina Lal Kidwai, Chairman and Managing Director of HSBC said, "The stock market is showing that it will be a good budget. We have to see how the industry and the management will kickstart."

She further predicted that spending hard will be evident, as inflation and oil prices are low for the middle class.

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The urban middle class will have to pick up on the demand. This consumption demand can be a growth driver for the economy I will be looking for the GST," Kidwai told ANI.

Samajwadi Party leader Naresh Agrawal said, "We have seen the outcome of the railway budget. This budget will be an RSS-oriented budget. This government is failing in every sphere.