P R Agencies

Union Budget 2013

Pramoud Rao
Managing Director, Promoter
Zicom Electronic Security Systems

"It is not a flamboyant or even a populist Budget, as many would have expected, for the simple reason that early next year the country goes for the General Elections and Finance Minister P. Chidambaram’s chief concern seemed to be reducing fiscal deficit than curbing inflation. There was also not much for the capital markets to rejoice even though the FM indicated that he was looking for growth and looking forward to attract capital and investment in roads, highways, ports, etc. The FM also thinks that inflows of funds are crucial as the country needs $75 billion during the fiscal year."