The Rail Budget of India will be presented in February end 2010 by the Union Railway Minister of India in Parliament. Get the live Railway Budget Speech for 2010-11, Rail Budget Highlights, Rai Budget Expectations, Rail Budget Updates, Rail Budget Reviews, Expectations of Rail industry by this interim budget 2010-11.
People of India are looking forward for a people-friendly budget. Introducing new trains, improved train services and more facilities on railway stations. New routes connecting the remote destinations and towns and the most importantly refrain from a hike in passenger fair.
Mean while browse through the previous Rail budget of India for the years 2009-2010, 08,07 and 06
Amidst huge expectations Ms. Mamta Banerjee is all geared up to present her third Rail Budget on 3rd July, 2009. People of India look upon the new Railway Minister to present a people-friendly budget, introduce new trains, improve the services inside trains and railway stations, connect to new routes and most importantly refrain from a hike in passenger fairs. for more reviews
Presented below are some of the noteworthy reactions from famous personalities of India:
Som Mittal, President, NASSCOM said
"The decision to extend fiscal benefits available to the industry under section 10A/10B for one year will help the industry mitigate the impact of the current economic environment and help India retain its competitiveness."
Chanda Kochar, Chief Executive, ICICI Bank said
"The growth target of 9 percent set by the budget is clearly a positive signal, especially given the backdrop of weak macroeconomic conditions globally."
Suresh Senapaty, CFO, Wipro said
"I am delighted that a complex tax like FBT is abolished. The STPI extension by a year has fallen short of expectations."
Mohandas Pai from Infosys said
"The FBT abolition is a huge relief for corporate sector and will help IT industry operations. The ESOPs will become attractive without FBT."
HDFC Chairman Deepak Parekh said
"I think I am overall very happy with the Budget ..."
ICICI bank Chairman KV Kamath said
the Finance Minister has held tax rates and made it into a neutral Budget in terms of taxes.
Bombay Stock Exchange Chairman Jagdip Capoor said
"Lack of announcements on divestment, fuel, FDI and 3G policies and no reduction in corporate tax had disappointed the markets"
Shivinder Singh of Fortis said
"I am disappointed. It has been a very muted budget."
S Mahalingam, CFO of TCS said
"We couldn't have expected much more with the fiscal deficit at 6.8 per cent."
Dr. Pawan Goenka, COO (Automotive sector, Mahindra and Mahindra) said
"I am hugely disappointed by no change in excise differential for vehicles. I am also disappointed that excise surcharge of Rs 15,000 not rolled back."
Nitin Paranjpe, CEO, Hindustan Unilever Limited said
"The abolition of FBT is a very good step for the industry. The steps towards rural development will be very positive for us. The GST implementation by April 2010 is another positive but clear roadmap still not available. Overall, Budget has nothing major for the sector."