Budget Reaction - Mr Pankaj Munjal, Chairman and Managing Director, Hero Cycles

The Finance Minister Arun Jaitley unveiled a Union Budget 2016 in the country today.

The Finance Minister has chosen to deliver a budget that charts a new direction to the economy with renewed reforms and resurgence. The government's commitment to keep fiscal deficit in check is a very assuring move so is the focus on improving ease of doing business.The emphasis on road infrastructure in particular would pave the way to a robust economy as well. At Hero Cycles, we are committed proponents of cleaner modes of transport and in this light the pollution cess on vehicles is an extremely encouraging step

Overall a mature and well balanced budget designed to ramp up an overall and inclusive growth of the economy - says Mr Pankaj Munjal, Chairman and Managing Director, Hero Cycles.

Source : Equity Bulls

Keywords