Television

CNBC's post budget show captures industry sentiments

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/10/15/Untitled-1_33.jpg?itok=G5rXzL57

MUMBAI: CNBC, the business and financial channel has lined up a series of pre and post budget specials. CNBC also held a post budget round table in Mumbai where leaders and experts spoke on the budgets pros and cons.



The six-part post budget show, Budget-The Reality show will have comprehensive reports and analysed the implications of the budget. The show will combine in-studio debates and comments from experts from all over the country. It will air from 3-10 March.



The following are some reactions from captains of the industry who participated in the discussions.

 

Bajaj Auto chairman Rahul Bajaj:



"Without substantially increasing the fiscal deficit he (finance minister) has taken care of the democratic aspirations of the people, the fact that elections are coming later this year and next year. Some people think that's a very negative thing to do. But here, I think, he has said that we are moving away from this exemption economy, maybe it will take two-three years or maybe this was the wrong year for that. But he has not changed the basic tax rates except for individuals and corporates.' Overall, it is a good budget."



Bharti Enterprises CMD Sunil Mittal:



"There is a big jump in service tax from 5 per cent to 8 per cent. The telecom industry actually caters to a large part of service tax collections by the government. We hope this will allow them to reduce the licence fee that they charge from the telecom industry because 8 per cent service tax and nearly 16% of the revenue share, which goes as licence fee, is too much for the industry to bear."



Ashish Guha of Lazard India



"The finance minister has not touched upon agriculture infrastructure. That is a miss. He has done a lot for the capital markets. On interest rate, for the industry, 1 per cent gone on mall savings rate. Despite being an election year, he touched upon fertiliser pricing".



TISCO MD B Muthuraman



"On infrastructure, the budget has been very good, which is going to be good for steel, cement. The finance minister made a small announcement that 25 per cent of the roads be made of concrete. Excise duty on cars, ACs are rationalised. This being an election year, I was not expecting a budget like this." 



Enam Financial Consultants director Vallabh Bhansali



"The finance minister has put a lot more money in the hands of consumers and investors. He has done something on state finances, which are in a disarray. I'm pleased about that. In terms of misses, I wish he had done something on power reforms because half the state deficit is on account of power. Another miss which market men rue very much is the SBI FII limit."



"Health coverage announced for poor people is a good thing and if it can become a basis for social security, a lot of opposition to liberalisation can go down. The market was technically overbought. It has not understood the implication of the capital gains tax move. Maybe, the market did not want the dividend distribution tax."

Alliance Capital Management CEO Nikhil Johri



"The impact of budgetary announcements on the mutual fund industry will be quite positive. Dividends received in the hands of investors will now be tax-free and at the mutual fund level, there will be no dividend distribution tax for equity and equity-oriented schemes, and a 12.5 per cent distribution tax for debt schemes."



"This policy will henceforth make investments in mutual funds much more attractive for both retail and institutional investors. The relative advantages of mutual funds over other savings instruments such as bank deposits, etc, will focus significant attention on mutual funds, particularly when the interest rates on administered small savings schemes have been brought down." he added.



"The substitution of TDS provision by dividend distribution tax is also going to be operationally more convenient for industry. The removal of surcharge on personal income tax will increase the investible surpluses of individual investors, thereby increasing his allocation to mutual funds. The decision to set up a separate pension regulatory authority and to allow a defined contribution based pension system, is a very welcome step. Overall, the Budget is as positive as it could be for the Indian mutual fund industry." he added.



Godrej Consumer Products ED Hoshedar K Press



"'The budget has only partially met the expectations of our industry. The main positive is the reduction of the maximum rate of import duty from 30 per cent to 25 per cent. The reduction of IT surcharge may not help to stimulate demand for our flagging categories. The much needed reduction in excise duty did not come through except for rationalisation of alcohol-based toiletries. Thus, the budget has not taken the opportunity to take the business to a higher plane."



Zensar Technologies MD Ganesh Natarajan



" The big hits (of the budget) are Sections 10A/10B and infrastructure improvement because, today, the industry is attracting a number of people to come back from Europe and US. And, for them, good infrastructure in the country will be important. The small miss is the domestic sector because the government had announced last year that three per cent of spending would be on IT. We hope that a lot more will be done to make sure that spending happens, which would improve the state of Indian industry and the economy.



Vikram S Mehta of Shell Group

"There are two important developments. One, for the first time in several years the finance minister has focused on renewable energy. He has specifically mentioned a fund for research for solar energy and wind power. Second, he has reduced the customs duty on regassified natural gas from 25 per centto 5 per cent. This will be an impetus to the power sector. Also, it is a very realistic budget. He hasn't put out a number on disinvestment, which is very good because they haven't been able to fulfill that number. But, he has made his commitment known to is investment."

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/DD-800x800.jpg?itok=PriYkDkh
Sponsored serials: Doordarshan issues new invite for eight genres

Doordarshan has invited fresh entries under the sponsored category for the mid prime time band in eight different categories.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/Smriti-Irani.jpg?itok=mgydNZ1A
Doordarshan sourcing agencies' pre-bid meet on 30 Aug

Doordarshan has decided to empanel agencies for crowd sourcing artistes (t

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/dd.jpg?itok=m7Ijk7-U
DD Kashir: Prime Focus, Beehive & Grasshopper shortlisted for packaging

Three agencies have been shortlisted by Doordarshan to undertake the channel packaging work for its channel, DD Kashir. The agencies are -- Prime Focus Technologies Pvt Ltd, Beehive Systems Pvt Ltd, and Grasshopper Media Pvt Ltd.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/inside%20%281%29.jpg?itok=k6O4gL4H
Hindi GEC: Star Plus reclaims top urban slot & Zee Anmol retains lead in two markets

In the Hindi GEC genre this week, Star Plus has reclaimed its top slot and Zee Anmol has retained its leadership in two markets -- Hindi GEC (rural plus urban) and Hindi GEC - rural, according to BARC India all-India week 32 data.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/pkl.jpg?itok=o_f2tEkX
PKL rural telecast exceptionally propels Star Sports First to top

Star Sports First, primarily on the strength of PKL viewership in urban as well as rural areas, has again retained its lead with almost double the ratings as compared to BARC week 32's second position-holder.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/viwer.jpg?itok=sSGbkCn6
Times Now narrows gap with Republic TV, again

Over the last few weeks, a see-saw ratings battle is on between the two of the leading Indian English news channels - the Arnab Goswami-led Republic TV that has held a pole position for over a quarter of a year since its launch, and its nearest competitor and the ratings king it dethroned - Times...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/ss_0.jpg?itok=BLplwPWV
English Ent.: MNX leads & Zee Cafe retains top slot with significant drop

Times rebranding gamble seems to have paid off. Three weeks after Movies Now 2 was rechristened as MNX, it topped the weekly viewership chart of BARC India's latest all-India data.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/love-aur-dhokha.jpg?itok=HtkxcIii
ABP News' 'Love aur Dhokha' revisits 6 untimely deaths

The film and television industry, while well known and envied for its glamour and lifestyle, has also had its fair share of tragedies over the years. Tragedies which took away some of the brightest and most promising stars of the industry and left behind a plethora of questions about what happened...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/18/Brett_Hogg.jpg?itok=kxEwzszH
Sony moves ahead with own distributors in four SE Asian countries post Spider-Man's success

MUMBAI: Sony Pictures Entertainment is reportedly planning to launch distributors of its own in four countries after terminating a longstanding theatrical-releasing joint venture with Disney in Southeast Asia. Sony has plans to launch Sony Pictures Releasing units in Singapore, Thailand, and...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories