Mr. Pramod Chaudhari, Executive Chairman, Praj Industries.
The Union Budget 2015-16 shows lot of pragmatism for a long haul. The budget gives ‘long term’ direction by way of reducing Corporate Tax from 30% to 25% which is definitely welcome.
The Make in India initiative is also well supported including by way of infrastructure growth.
Clean Ganga initiative has been given budgetary support and tax exemption, thereby putting investments behind the intent. Companies that have the technology to clean Ganga will now be able to avail tax exemptions.
Benefits owing to rationalization of taxes through GST are expected to kick start in 2016.. Higher investment allowances would have certainly helped further.
