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Mumbai, Feb. 28

According to marketmen, there are quite a few positives to be taken away from this year's Union Budget.

Mr Sunil Godhwani, CEO & Managing Director, Religare Enterprises Ltd, said: "We see positives in the budget as it is continuity and stability that matters to the capital market. We have not seen any increase in STT, corporate tax, personal tax, service tax and capital gains tax." Mr Harendra Kumar, Research Head, ICICIdirect, said: "The budget seems to be very conservative but decent. The two sectors highlighted were agriculture and industrial services."

Mr Anand Rathi, Chairman, Anand Rathi Securities Ltd, said, "Overall the budget has been a non-event with a few negative surprises. On the positives side, the Finance Minister targeted fiscal management, lower import tariff and extended benefits to sectors like textiles. However, increase in dividend distribution tax, new excise structure for cement companies and extension of MAT to 10A/10B companies were the negatives.''

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