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D Shivakumar | Budget lacks a balanced approach

D Shivakumar | Budget lacks a balanced approach
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First Published: Tue, Jul 07 2009. 02 09 PM IST
New Delhi: D. Shivakumar, managing director of Nokia India says that the moves the government has taken in the area of education, infrastructure, rural development are correct but for stimulating the economy in terms of growth, a lot more needs to be done.
Listen to D Shivakumar’s reactions to Budget 2009
“The budget must have relevance in terms of signaling something important. It can’t be just about managing upward and downward revision of taxes,” he said.
He said he was a little unhappy because the government didn’t do much for the telecom sector. According to him, the Budget lacks a balanced approach. “The CVD exemption will continue to ensure more affordable access to mobile phones, which is a good thing, but the budget has overlooked the industry’s demand to rationalize multiple taxes,” he added.
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First Published: Tue, Jul 07 2009. 02 09 PM IST