Union Budget 2012-13 - Realistic and Balanced: Raymond

Mr Gautam Singhania, Chairman and MD, Raymond Ltd, said, "The Union Budget is a positive step towards getting the system back on track. Although big reformist measures were not proposed, still the Finance Minister has done a balanced job and has targetted growth across social classes. The middle class also gets some relief by way of an increase in income tax exemption levels, which potentially can spur demand-led growth as well. The reduction of duty on branded garments and abatements to the textile sector, although marginal, is a step in the right direction. Overall the budget aims at resilience in the context of the current political and economic scenario".

Source : Equity Bulls

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