Ac­cord­ing to Ankur Bha­tia, Ex­ec­u­tive Di­rec­tor, Bird Group:

Enterprise - - Economy -

The bud­get for 2012-13 is def­i­nitely bet­ter-than-expected. The fi­nance min­is­ter has kept the fo­cus on in­fra­struc­ture fund­ing and so­cial sec­tor with ra­tio­nal in­crease in taxes.

Cab­i­net’s de­ci­sion on re­duc­ing the cost of di­rect im­port of avi­a­tion tur­bine fuel will help loosen the heavy tax burden on air­lines and do­mes­tic play­ers will be al­lowed to tap for­eign loans on work­ing cap­i­tal, which is a very pos­i­tive move.

Fur­ther, ECB to re­cast the debit is ben­e­fi­cial for In­dian banks and will work for air­lines to re­duce the in­ter­est burden.

Con­ces­sion on main­te­nance, re­pair and over­haul (MRO) setup will make In­dia very com­pet­i­tive in this sec­tor.

How­ever, 49 per­cent of FDI in avi­a­tion in­dus­try is still un­der con­sid­er­a­tion which may im­pact the over­all growth of the sec­tor.

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