Leading NRI entrepreneurs have hailed India’s budget as “progressive, pragmatic and sensible” while suggesting that overseas Indians be treated on equal terms with resident Indians for investments.
The Hinduja brothers, who top Britain’s rich list, said in a statement that Finance Minister Arun Jaitley’s budget had set the direction for a “very positive long-term agenda”.
The budget attempts to balance a broad stimulus and capability building agenda while meeting fiscal and deficit targets, the Hinduja Group Chairman S P Hinduja and Co-Chairman G P Hinduja said.
They said that overseas Indians had always been strongly supportive of India and deserve to be treated on equal terms with resident Indians for investments made into the country especially in defence and insurance sectors where the management control still rests with Indian resident entities or persons.
Lord Swraj Paul, Chairman of Caparo Group welcomed the budget as “pragmatic and sensible” and said it would send a positive signal to foreign investors.
- Here’s Why Delhi-NCR Gets Pollution Code On Lines Of Beijing
- PM Modi Is More Interested In TRP Politics Rahul Gandhi At Congress Parliamentary Meet
- Bigg Boss 10 December 1 Review: Priyanka Jagga Succeeds In Her Divide And Rule Strategy
- Kahaani 2 Audience Reaction: Vidya Balan Starrer Thriller Gets Mixed Reviews
- Find Out What PM Modi Said About Demonetisation On LinkedIn
- Row Over West Bengal ”Military Coup” Issue Escalates: Who Said What
- Here’s How Mohammad Kaif Replied To Virender Sehwag’s Birthday Wish On Twitter
- West Bengal CM Mamata Banerjee’s Flight Reportedly Had Low Fuel: Here’s What Happened
- Reliance Jio Welcome Offer Extended Till March 31, JioMoney Launched
- Uri Attackers Came From Pakistan, Establishes Digital Data
- Bigg Boss 10 Nov 30 Episode Review: Captaincy Brings Differences In Manoj Punjabi & Manveer Gurjar
- Congress Vice President Rahul Gandhi’s Official Twitter Handle Hacked
- After Rahul Gandhi’s Twitter Handle, Congress Official Twitter Account Hacked
- 3 Dead As Army Helicopter Crashes In Sukna In West Bengal
- BJP, Congress Engage In War Of Words Over Nagrota Attack: Find Out More