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Created by : Akash , International Marketing Shabro  | 02 16 2009 11:31:20 +0000
Industry : FMCG/Foods/BeverageFunctional Area : B2B Sales(Sales & Marketing)
Activity:  734 views;  last activity : 07 06 2010 20:18:09 +0000

Do you think the interim budget will boost economic growth & create employment?

 
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Yes Vs NO
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Top Argument
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I don't see any thing wrong with interim budget. The allocation of about Rs 1,00,000 crore to the infrastructure sector in the interim Budget is a good move but its execution may take some time. This will ensure circulation of money over all other industries. I would rate it Good . The reason is, Pranab Mukerjee has played by the book, hasn't done any gimmick and it is realistic. The previous Stimulus packages have been released in the recent past and their effects would be seen only in a few months time.


By Kailash Sharma, Product Development Manager, Force Motors  02 18 2009 05:15:00 +0000
 
Top Argument
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Budget does have an impact on industrial and economic growth. Sops for the industry & exports sector would have helped the industry tide over global slowdown. However, the Interim Budget does not contain any of these. There is allocation just for agriculture & rural employment. All other sectors have been neglected. The govt. needs to create employment & protect jobs since thousands of people are rendered jobless due to economic slowdown. The interim budget is almost a complete failure.


By Akash , International Marketing Shabro  02 17 2009 06:14:55 +0000
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yeah right the government went by the book that is the good thing and didn't give any false or drastic budget which would had been a complete eye wash to the public, of which the actions would have never taken place, and the interim FM has done a good job with the interim budget by acknowledging primary concerned areas... so a good job done overall...


By Brajesh Sharma, Business Analyst, Mentor Graphics  | 02 18 2009 06:36:49 +0000
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I think that leaving few, everything is all right there. The main target should be stablizing market, not employment. And govt is doing enough good. I have seen on news channels people are fighting that there is nothing for common man. I have not yet understand what common man need and why common men always need. We are already getting enough relaxation from government in different areas.

This is the time to built the economy powerful. And some how the budget meets the expectations.


By sachin , Team Leader -(NonTechnical), Infor Global Solutions  | 02 18 2009 06:33:29 +0000
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So what is wrong with the budget, they have prioritized the agriculture sector, as farmers till now didn't have anything to boast about in the previous budgets, so farmers are getting their due recognition in this budget... And i think this is the budget for aam aadmi which is a good thing...


By Shishir Srivastava, Sales/BD Manager, Reliance Retail  | 02 17 2009 08:29:16 +0000
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It is not that the the interim budget will create or boost the economic growth and jobs for all, they are taking measures that needed a look into and making sure that they are addressing various aspects which needed a response from the government and are trying to cater to everybody with this interim budget...


By Neha Saboo, Sales/BD Manager, Future group  | 02 16 2009 12:30:13 +0000
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Ya Nitin its just for the sake of election and not to boost the economy...


By Souvik Karmakar, Sales/BD Manager, Reliance Retail  | 02 19 2009 09:28:48 +0000
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Spending on Pork will weaken the dollar and cost more job losses


By Steven Bonacorsi, Lean Six Sigma Master Black Belt Consultant, Bonacorsi Consulting  | 02 19 2009 08:44:40 +0000
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Nothing is there to boost current economy. It is a short term budget for enticingthe people looking for coming central government election. It is a perfect politically influenced budget. 


By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 02 19 2009 07:12:05 +0000
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I think the country expects a lot more than Income tax sops and funds for agriculture. The budget should have been more versatile.


By Akash , International Marketing Shabro  | 02 18 2009 08:07:46 +0000
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There was nothing for realty and auto sector where there were lots of expectations. From that point of view it is a very drab and forgetful budget. There’s no excitement, But in the end the government went by the book, avoided any new big bang fiscal measure, thereby disappointing most in India Inc.


By Mitesh Gupta, Sales/BD Manager, Reliance Retail  | 02 18 2009 06:31:36 +0000
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Finance Minister Pranab Mukherjee missed out on an opportunity to provide a further boost to India's worsening economy by choosing to present an ordinary interim budget. A Part time finance Minister has done a part time work for the vote on account. In the time of global economic recession this is like a disaster. The next Budget will be presented only by June-July and hence the next 5 months are gone. Lakhs of youth are loosing jobs and no mention of that. This is sad and worrying for Indian Economy.


By Omkar Deshpande, Product/Brand Manager, Mirc Electronics  | 02 17 2009 12:56:07 +0000
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i Agree with akash that the budget has done nothing and as the newspaper suggests that the budget is a flat one and it has done nothing to revive the economic situation or taken any steps regarding it, and it has just concentrated on the agri sector as such, so not a very good interim buget according to me.


By Sheetal Jadhav, Sales/BD Manager, Future Group  | 02 17 2009 09:24:24 +0000
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I agree with Akash here. Like its predecessors , Congress will give a rotten economy to the next govt (if at all they come back , they will have to clear this mess). Was watching the CNBC last nite which featured Mr Sanghvi (offical spokesperson for Congress), the overwhelming comments of the economists were the same. The core ground work for Congress dream run was done by the NDA. Congress despite such renowned name like P. Chindambram and Manmohan Singh has failed to capitalize on this good run. Normally any budget should speak about what it is intended to do in the next financial year, whereas this interim one lauds the hyped statistics of the past 4 years making tall claims but delivered nothing.I think there were no sops given for the auto, construction or any sectors because the UPA was not getting through a good bargaining with these sectors lobby for funding the forthcoming general elections. In effect it merely states its previous years achievements(!) and giving nothing to individual tax payers or to the corporates.


By Sudeep Tarafdar, Senior Consultant, IBM  | 02 17 2009 08:44:25 +0000
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