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Our Bureau

Mumbai, Feb. 29 The Budget is growth-oriented in that it places increased disposal income in the hands of consumers. This, with a reduction in excise rates will lead to increased spending, says Mr Motilal Oswal, Chairman & Managing Director, Motilal Oswal Financial Services

He described the Budget as growth-oriented with a focus on inflation control too.

It will definitely increase the investor appetite for longer-term investments, because the tax incidence will be then nil, he said.

There were a few things that could have been done. There could have been a reduction in the corporate tax rate or removal of surcharge in view of rising tax collections, he said.

Second, there is no strong focus on infrastructure. The commodities market is in too nascent a stage for commodities transaction tax.”.

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