Financial Daily from THE HINDU group of publications
Saturday, Feb 01, 2003
Financial Daily from THE HINDU group of publications Saturday, Feb 01, 2003 |
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Industry & Economy
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Budget Budget poll shows optimism Our Bureau
NEW DELHI, Jan. 31 WHAT would the forthcoming budget be like? `Middle-of-the-road' — says a staggering 72 per cent of the CEOs polled by the global market research major NFO-MBL India. The poll conducted in Delhi, Mumbai, Kolkata, Chennai and Bangalore revealed that while the industry expects no changes in corporate tax rates, it does anticipate reductions in dividend tax and import duties. Almost two-third of the CEOs felt that the budget's thrust would be on the industrial sector and more than half said the acceleration of reforms in labour laws and the power sector could be crucial to accelerating growth. Interestingly, a majority of the fund managers polled felt that reduction in dividend tax would spur capital markets. Most of them also thought the market for IPOs would revive post-budget. "The poll reveals a high-level of optimism among CEOs and fund managers," said Mr Gautam Nath, Director, Corporate Services, NFO-MBL India.
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