Budget Reactions – Susir Kumar, Intelenet Global Services

by CXOtoday Staff    Feb 28, 2011

Susir KumarCEOIntelenetSusir Kumar, CEO, Intelenet Global Services shares his reactions from the Union Budget 2011 with CXOtoday.com

The Union Budget 2011 overall, is a balanced budget, which keeps in mind all sections of society. I am very pleased to see the fiscal deficit target of 4.6% which will eventually help curtail inflation for the nation. The resultant lower borrowings planned by the government will also put a limit to an increase in interest rates. I am disappointed that the tax holiday is not extended on STPI units.

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