NSE : Budget 2016-17 Reaction

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“The budget presented by the Hon’ble finance minister is a comprehensive one. With focus on digital learning, e-modules, storage of information digitally and putting legal framework to the Aadhar card, I believe that financial inclusion and deepening both can happen faster now. A big step has been taken in announcing the integration of commodity physical markets and new products. This may enable internationally popular liquid products, indices, etc. here too. The govt has also provided tail winds to the International Finance Centre project in the GIFT city and the SEZ frame work at large. With these it has the potential to put India firmly on the global map. On the domestic front it is perhaps a mixed bag as far as the capital market is concerned. We welcome the proposal to list general insurance companies to the stock exchange platform and focus on corporate binds in particular. I am sure that many are also pleased with the fact the govt has decided to continue with the STT paid transactions rather than introducing other taxes etc. I hope all things should deliver the desired results and India continues to grow” – Chitra Ramkrishna, MD & CEO, NSE.