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India Inc on Thursday welcomed the Union Budget 2018-19 -- the last full budget of Finance Minister Arun Jaitley before the 2019 general elections -- and praised the populist approach of focussing on infrastructure and rural India. However, what came as disappointment for the industry was that the government did not provide any relief in the income tax rates for 2018-19, along with the imposition of long-term capital gains (LTCG) tax on equities exceeding Rs 1 lakh at 10 per cent. Here is what the industry players have to say: Sandeep Jajodia, President, Assocham: "Finance Minister Arun Jaitley has placed a huge emphasis on agriculture and rural India, allocating bulk of resources to interior landscape, while helping the middle class, salaried employees along with relief to senior citizens, measures which would boost consumer demand and help revive economic growth." Chanda Kochhar, MD and CEO, ICICI Bank: "The wide-ranging measures announced for various segment...


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