Measures do not tackle low sales; exports too largely untouched.

Demand may stay on slow track

Business Standard

Boost for partnership firms wanting to convert to LLPs.

At par with general partnerships

Increased rural incomes likely to lead to higher spends on consumer goods.

Banking on aam aadmi

Interest subvention extended; duty changes to make man-made fibres costlier.

Textile modernisation gets a TUF push

All the allocations, unless they work on the ground, are of no use. Too much money suddenly for forests and wildlife is not good, it could be wasted or squandered. There is often no allocation where it is required. The Tiger Protection Force (born in the 2008-09 Budget) or similar police mechanisms won&rsquo;t work.

My Budget: Dr Ullas Karanth

The Budget presented much of what I expected. Coming on the back of the Interim Budget, it signals continuation and stability, which are very important for a climate conducive to growth. Its biggest positive is the absolutely desirable trust on inclusive growth. In that sense, it is a Budget for Bharat. On the expectations side, disinvestment needed an accelerated road map. Importantly, one feels that there should have been a substantial allocation for internal security -- which is missing. I believe more clarity on this aspect would emerge soon. Current fiscal deficit is a cause for concern, but the FM has his compulsions. On the whole, he has made the right connect. My overall take is that the Budget is a sort of vision document at a macro-level.

The jury's out: A good show

The Reserve Bank of India (RBI) stepped in this evening to soothe market sentiments after the government&rsquo;s intention to borrow over Rs 4,00,000 crore during the current financial year pushed up bond yields.

RBI moves in to control spurt in bond yields

&ldquo;Some of the positives that we can pick up from the Budget includes abolition of fringe benefit tax (FBT) and commodity transaction tax (CTT), continued commitment to changeover to a goods and services tax (GST) regime from April 1, 2010, larger investment in the agriculture sector, particularly on developing the cold chain infrastructure, greater investments in infrastructure and social sectors and an even higher target for agriculture credit in the year 2009-10,&rdquo; said Harsh Pati Singhania, president, Ficci.

Chambers&#39; Reactions: Ficci: Faith in growth

The Confederation of Indian Industry (CII) has termed the Budget as a balanced one, which takes care of almost everything.

Chambers&#39; Reaction: CII: Balancing act

Terming it as an &quot;expenditure Budget&quot;, the PHD Chamber pointed out that such focus would create purchasing power in the hands of the poor which, in turn, would stimulate growth in the economy. Satish Bagrodia, President, PHD Chamber, said that the Budget was on expected lines, reflecting the government&rsquo;s commitment of satisfying the aspirations of the aam aadmi. He said, &ldquo;There is considerable emphasis on public expenditure to fulfill our developmental priorities.

Chambers' Reaction: PHD Chambers: No big-ticket reforms

The Associated Chambers of Commerce and Industry of India (Assocham) applauded the government on its agararian focus even as it termed the Budget proposals as aam adami ones. Sajjan Jindal, president, Assocham, said, &ldquo;The abolition of FBT and CTT is especially welcome.&rdquo; However, concerns were raised regarding the finance minister&rsquo;s treatment to the minimum alternate tax, saying it was against the expectations of the industry as it has been increased. The Assocham had recommended a 7.5 per cent ceiling for MAT.

Chambers' Reaction: Assocham: Aam aadmi Budget

These are tough times and it is difficult to do a balancing act but the finance minister has managed it. But as far as the industry goes, it has been disappointing &mdash; though overall, it has been a good Budget.

My Budget: Jyotsna Suri, CMD, Bharat Hotels

Bankers predict pressure on interest rates saying huge borrowings will suck out liquidity resulting in reduced lending.

Huge debt to crowd out private players

More sops for defaulters; 1% interest subsidy for timely payers.

Pay late, it's okay, govt tells farmers

It is a very mild sort of Budget, an aam aadmi Budget. But as far as the tourism industry goes, I feel it is another opportunity lost to bring tourism to the centre stage. We should have followed up campaigns such as Incredible India. But there are positives. The move to do away with surcharge on income tax and raising the exemption slab should put money in the hands of people. The development of national highways should help road tourism, which is for the future.

My Budget: Ramesh Ramanathan

From a layman&rsquo;s point of view, I think it&rsquo;s a fairly balanced Budget and I am pretty satisfied with it. Also, the Commonwealth Games budget has got a lift, so we can expect the work to finish on time.

My Budget: Shiv Kapur

No measure to boost exports from the sector, which accounts for Rs 75,000 cr in forex earnings.

Diamonds are not FM's best friend

The New Pension Scheme (NPS) is unlikely to see a sharp improvement in inflows in the coming months, though the transaction cost for fund managers is expected to come down.

Tepid response may continue

Hope floats for higher trading volumes; warehousing and cold chain facilities get tax incentives.

Traders cheer CTT's vanishing act

Duty cuts to fire up blending plan

Robust demand expected, but high duties remain a worry.

Big core sector plans build confidence

Budget 2026 News: Get latest news and headlines on India budget 2026. Explore more news on railway budget, healthcare budget, defense budget along with latest income tax slab rates on Business Standard.

Budget News: Latest Union Budget 2026-27 News, Budget Headlines Updates | Business Standard

Get latest news and headlines on India budget 2026. Explore more news on railway budget, healthcare budget, defense budget along with latest income tax slab rates on Business Standard.

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