kumar mangalam birla, chairman, aditya birla group gives his views on interim budget 2014
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Kumar Mangalam Birla, Chairman, Aditya Birla Group “An interim budget, presented days before the general elections, has limited scope. Nevertheless, Mr Chidambaram's ninth budget speech showed yet again that he has his pulse on the most pressing issues. He has rightly acknowledged the deceleration in investment in manufacturing as a key problem area; and has announced excise cuts on capital goods, consumer nondurables and automobiles, to aid recovery in investments and consumption. Three new industrial corridors are under planning and a few investment and manufacturing zones have been approved. The FM also said that all central and state taxes that go into an exported product should be waived or rebated. That a country should not export taxes is a well-regarded principle; India must strive to remove the remaining irritants to ensure that we follow this principle in toto.” http://mybrandbook.co.in/unionbudget2014-Kumar-Mangalam-Birla.htmlTRANSCRIPT
