Indian industry gives thumbs down to budget

New Delhi: India Inc on Monday gave a thumbs down to the interim budget 2009-10, proposed by Finance Minister Pranab Mukherjee, saying it is a non-event and more of a political statement.
"It was completely (a) non-event. It was (more a) political statement than (an) interim budget. There was nothing for any sector, forget about real estate," Parsvnath Developers Chairman Pradeep Jain said.
Expressing similar sentiments, Kotak Mahindra Bank Managing Director Uday Kotak said, "Acting finance minister Pranab Mukherjee has stuck to what is good convention."
TCS ED and CFO S Mahalingam said there were two stimulus packages given in the past couple of months and they were going to stay as they were. "I am disappointed," he added.
Stating that the government did not have much of a choice, Hinduja Group CFO Prabal Banerjee said: "They did what they could best do."