Balanced Budget - Dr Naushad Forbes, Chairman, CII, Western Region

February 26, 2010 - 'Union Budget 2010-11 is a balanced budget' - Dr Naushad Forbes, Chairman, CII, Western Region.

Dr Naushad Forbes, Chairman, CII Western Region said that the 'Union Budget 2010-11 has met industry expectations. There has been moderate rolling back of fiscal stimulus measures. Government has focused on improving the fiscal deficit of the country.

There are some concerns over the hike in Customs Duty on Oil & Oil products. Nevertheless, this is overall a balanced budget.'

Source : Equity Bulls

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