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Corporate World’s reactions on Union Budget 2020

Feb 1st, 2020 7:57 pm | By | Category: SPECIAL NEWS COVERAGE


Extension till March 2021 welcome step: LIC Housing Finance “Extension of time period till March 2021 is a welcome step taken by government in the affordable housing space benefiting both individuals and developers,” said Siddhartha Mohanty, MD & CEO, LIC Housing Finance.

On Budget 2020 N Baijendra, CMD, NMDC Limited said thrusts on infrastructure creation, this would certainly enhance the demand for steel. NMDC Limited would play a pivotal role in catalysing the growth in steel sector in future.

P Chidambaram on Budget
Chidambaram said “I am at a loss to understand what was the message intended to be conveyed by Budget 2020-21. I am also not able to recall any memorable idea or statement in the speech.”

The former Union Finance Minister said “The govt has given up on reviving the economy or accelerating the growth rate or promoting private investment or increasing efficiency or creating jobs or winning a greater share of world trade.

“I am pretty certain that even the most loyal BJP MP or supporter cannot latch on to any idea or statement in the Budget speech and take it to the people.”

He added that “The govt does not really believe in a market economy, competition or higher trade intensity. The CEA must be a very disappointed man.”

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