Budget reaction from Ms.Usha Mohan, Founder Director, The Bangalore School:
The union budget will lead to stable economic growth. Budget clearly indicates that no income tax needs to be paid for upto Rs 3 lakh of annual income, which is a boon for teachers. However we expected more relief for salaried class. We can’t call it a land mark budget.
Budget for you: 8
Budget for the city (Bengaluru): 7
Budget for the country: 6
Budget reaction from Mr. Om Ahuja, CEO, Residential, BRIGADE GROUP :
Union Budget 2017 clearly highlights Government focus and thrust on Housing sector in India. For the first time ever in the history of India, Union Budget has rolled out multiple initiatives for housing industry giving serious boost to the sector and employment in the sector. Extending the time horizon for project completion from 3 years to 5 years to avail tax benefits for developer will help more developers look at this segment seriously.
Budget for you: 8
Budget for the city (Bengaluru): 8
Budget for the country: 8
Budget reaction from Ms. Bani Anand, Entrepreneur/Founder Director, Hairline International:
The Union Budget has announced a huge relief for MSME companies like us. For companies having turnover less than Rs 50 crore, tax rate has been reduced from 30% to 25%. Also the announcement of reducing individual tax rate to 5% for the income between 2.5 lakhs and 5 lakhs is a big boon for entrepreneurs.
Budget for you: 9
Budget for the city (Bengaluru): 7
Budget for the country: 6
Budget reaction from Dr. Shubha Rama Rao,Senior Consultant and Head of Obstetrics & Gynecology, St. Martha's Hospital.
The announcement in the Union Budget for senior citizens to be issued with Aadhar based smart health card is a good move. Also, the allocation to Mahila Shakti Kendra, incentive to pregnant women and elimination of TB by 2025 are all positive announcements. The 2 new All India Institute of medical sciences proposed in Jharkhand and Gujarat will make affordable healthcare reaches the masses.
Budget for you: 7
Budget for the city (Bengaluru): 7
Budget for the country: 9