Monday, February 28, 2011

Union Budget reaction of

Mr. Arun Kumar Jagatramka,CMD,Gujarat NRE Coke


According to Mr Arun Kumar Jagatramka, Chairman and Managing Director of Gujarat NRE Coke Limited. “A timid and directionless budget – The budget lacked any positivity and a status quo has just been maintained. No direction has been given to the big ticket reform that we all have been looking forward and it has been a big opportunity that the Finance Minister seemed missing in taking the country’s development to the next league. The Finance Minister has just done a lip service on the corruption and governance deficit front. He should have tackled governance and ethical deficit with the same vigor as that of fiscal deficit, but seemed missing on both the targets. The government should have come out with a bold message of encouraging self compliance to tackle the black money menace; instead the age old ineffective measures have once again been repeated. On FDI front, there was no announcement to enthuse the industry as well as on the tax front it lacks luster. I believe the Finance Minister has just managed to get a pass mark in maintaining a status quo.”

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