Union Budget 2011 has been quite neutral: Satish Menon, Geojit BNP Paribas

MUMBAI: According to Satish Menon, Director Operations, Geojit BNP Paribas Financial Services, it was a neutral budget. The whole budget exercise is to primarily look at the macro figures and then await the implementation of the various policies, he said.

“This budget has been quite neutral, without much surprises, the FM has proposed to contain the deficit at 4.6 % of the GDP and have a growth of 9 % for the next year. There have been announcement of various new policies to be implemented throughout the year, namely, DTC, GST, Insurance bill, Banking license clarity, Cash subsidies for kerosene and fertilizers etc.

This shows that the whole budget exercise is to primarily look at the macro figures and then await the implementation of the various policies throughout the year,” Menon said.