The Budget Will Really Rev Up The Corporate Sector

It's a growth-oriented budget and will surely stimulate the capital markets and increase growth in industry, which has faced a pretty bad year. By allowing buyback of shares, a major demand of industry, Chidambaram has ensured that we can increase our equity in companies.

Earlier, industrialists were chary of taking risks. But now, the budget will really rev up the corporate sector. The voluntary disclosure scheme will bring in the money that politicians have been sitting on and this can now be used for business. Even on MAT, Chidambaram has, to a certain extent, heeded industry's demand and has virtually converted it into a value added tax. The telecom sector has been given a very good package