MR S THIAGARAJAN, CEO, ETL INFRASTRUCTURE SERVICES LIMITED [EISL]

'This is a mature budget from a seasoned FM'. Nothing sensational or overtly populist.In my view, the FM has put in place a budget that will preserve the almost magical balance India has achieved between: growth, sustainability, stimulus packages and inflation worries. Must say even China has fallen far short of the benchmarks India has set here. I'm happy that the FM has recognized the causes for food inflation as not liquidity driven but maladministration at various levels and has not tried to correct it through fiscal measures. The almost boring nature of the budget shows that the FM does not believe in reacting to shrill voices from pressure groups with knee jerk reactions. As far as budgets go boring is better.The focus on infra and non conventional energy are welcome but could have been bolder. The common man has a lot to cheer and the cash left back in his pocket may help him address short term worries of inflation. The tinkering with excise duty will be easily absorbed, given the healthy demand situation.The unstated aspect of this budget is the resource mobilisation effort, thru sale of equity and this is welcome. One of the benefits of not having the left breathing down your neck.