K Ramasamy, chairman, Roots Group,

Chennai: K Ramasamy, chairman, Roots Group of companies, says the budgetary provisions, from the individual tax payers' point of view are appreciated as the exemption limit has been increased from Rs110,000 to Rs150,000, with the higher slab of 30 per cent starting only from Rs500, is going to increase disposable incomes, which in turn will trigger the growth of the economy.

Excise duty stands reduced for all the goods, which are levied at 16 per cent to 14 per cent and specifically for the cars and two wheelers from 16 per cent to 12 per cent will definitely contribute to the growth and in turn GDP of the economy.

Proposed reduction of CST from 3 per cent to 2 per cent and withdrawal of the Banking Cash Transaction Tax with effect from 1 April, 2008 are welcome changes.