2012 Budget Reaction from Saravana Kumar, CIO, Tata AIG Life Insurance

Mr. Saravana Kumar, Chief Investment Officer, Tata AIG Life Insurance commented on Budget 2012. According to him the Union Budget 2012-2013 was a sincere workman like document where the Finance Minister made an attempt to deliver a moderate fiscal consolidation by increasing indirect taxes, both excise and service tax from 10% to 12% and widening the service tax net (by introducing a negative list of services).  Read more