Says rise in petrol and diesel prices will further increase the inflation.
"Budget has nothing new for the IT Industry. 2 % increase in excise duty on all the products will not have a very significant adverse impact on the demand and hence the production. "
"Rise in petrol and diesel prices will increase the inflation which is already very high."
"Substantial increase in the budget allocations for "Infrastructure and Energy" segments is a really good move, which will create positive impact on the GDP and Economy in the long run by addressing long pending pain areas of the industry."
"GST has been postponed to 1st April 2011 as anticipated. Industry will have to keep dealing with multiple level taxation structure for one more year."
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