Wednesday 22nd May 2024

Quotes from the Corporate World on Union Budget 2022.

Feb 1st, 2022 7:24 pm | By | Category: LATEST NEWS


Power Minister Raj K Singh said: Budget 2022 is a step towards innovative & sustainable development in New India to strengthen our Energy Transition journey and fight climate change.

quote from Ashishkumar Chauhan, MD & CEO, BSE, on Union Budget 2022 announced today:

“The Budget of 2022 is a very balanced and continues the incremental growth-oriented approach of the last budget. In this budget the finance minister provided a springboard for an investment cycle with the highest ever share of capex, focus on development of national manufacturing capabilities and clean energy, tax rationalization with no new taxes while maintaining its continuous growth focus on “Aatmanirbhar Bharat”. The Budget boosts spending towards policies that are growth oriented, create jobs, boost manufacturing, helping agri-economy and infrastructure creation. In short, a mix of short-term boost and long-term structural emphasis has been the hallmark of this Budget.”

Budget 2022-23 Reaction: Smt. Soma Mondal, Chairman, SAIL
“The union budget for Financial Year 2022-23 holds promise for faster economic development putting the Indian economy on a still higher trajectory of growth. The budget envisages higher Public investment and capital spending by the Government. There is a direct focus on intensifying the infrastructure developmental activities through the PM Gati Shakti Programme with seven engines of growth, focus on Highways network, PM Awas Yojna in rural and urban areas, Har Ghar Nal Se Jal scheme, etc. The additional focus on the MSME sector will also trigger enhanced economic activities. These efforts are sure to have a positive impact on the overall economy and it augurs well for the steel sector.”.

The budget is consistent with our Prime Minister Narendra Modi’s vision of making India Atmanirbhar: a digital superpower, a sustainability leader and a healthy nation
Tata Sons Chairman N Chandrasekaran

SBI Chairman Dinesh Khara on Budget
Khara said the budget strikes a balance between the challenges posed by the recurring COVID-19 waves and the need to contain the economic damage due to pandemic.
“The emphasis going forward is on seven parallel tracks – PM GatiShakti, Inclusive Development, Productivity Enhancement & Investment, Sunrise Opportunities, Energy Transition and Climate Action and Financing of Investments.”

“The Finance Minister presented a very growth-oriented and transformative Budget, which will not only strengthen the economic recovery currently underway, but also lay the foundation for bolstering the medium to long-term growth potential of the economy,” said CII Director General, Chandrajit Banerjee.

Amitabh Kant CEO, NITI Aayog
It’s a very progressive and forward looking budget. The main emphasis of the budget is on capital expenditure which is very good thing for economy.

Post-budget views of V. Balasubramaniam, MD & CEO, India INX

The budget for the FY23 presented by the Union Finance Minister is broad-based and is going to satiate the expectations of all the sections in the country. The budget has proposed a slew of measures to aid the recovery of our country’s economy hit by the COVID-19 pandemic and the ongoing third wave of the pandemic.

post-budget quote of Anirudha Taparia, Joint CEO, IIFL Wealth:
“My congratulations to FM Nirmala Sitharaman and the government for delivering a well-rounded and holistic budget that tactfully manages to strike a balance between growth and fiscal profligacy while marching towards achieving the overall goal of becoming an Atmanirbhar Bharat. The overall increase of 35.4% in capital expenditure to Rs. 7.5 lakh crore coupled with the intention of crowding private investment through higher public spending is likely to drive the fledgling recovery that we are currently witnessing.

SCOPE’s Atul Sobti says FM presented a progressive Budget.

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