Bloomberg TV India launches 'Leader's Speak'

The special vignette series captures the expectations of key decision makers from Union Budget 2014

Mumbai, July 3, 2014:

As a part of the comprehensive Budget programming for 2014, Bloomberg TV India has launched “Leader's Speak” – a vignette series which captures the expectations of key decision makers from the Union Budget 2014.

Lavneesh Gupta, COO, Bloomberg TV India said,” The theme of the budget programming 'Will They Walk The Talk?' feels the pulse and the anticipation of all the key decision makers who are looking forward with huge expectations from the Union budget 2014. Through Leader's Speak we will reach out to the key influencers across the industry and capture their budget wish list and create a platform to voice their expectations to the new government. Our comprehensive budget programming reiterates its commitment to provide a holistic perspective of critical budget announcements that affects every aspect of our economy.”

As a part of the Budget special programming, “Leader's Speak” captures the expectations of key decision makers across the industry from Budget 2014, as they reveal their unique perspectives on the challenges and demands of the core sectors. Through the series, industry Stalwarts like Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange; Sandeep Ghosh, CEO, Bharti AXA Life Insurance; Leo Puri, MD, UTI Mutual Funds; Sundeep Sikka, CEO, Reliance Mutual Fund; M. Narendra, CMD, Indian Overseas Bank; Anup Rau, CEO, Reliance Life Insurance and many more have shared their expectations from Union Budget 2014.

“Leader's Speak” will be aired through the day on Bloomberg TV India across the pre-budget phase. Speaking on the budget expectations on show, Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange said, “From stock market side, we think it is very important to worry about the securities transaction tax and rationalize it, if not remove it, and basically get the IPO market in good shape. I think the IPO market can play a big role in getting good number of jobs and also raising India's growth by a few percentage points.”

Sandeep Ghosh, CEO, Bharti AXA Life Insurance said, “There is an expectation of the industry that the new government will seek to increase the FDI from 26% to 49%. This will not only lead to significant investments coming into the sector, but it will also send a very strong message to the international investor community about the seriousness of the government with respect to liberalizing across sectors, and not necessarily only insurance sector.”

Leo Puri, MD, UTI Mutual Funds said, “If disinvestment program is announced by the government that will provide a boost to the new insurance activity. So, disinvestment and recapitalization of public sector banks will be helpful for the growth of the market.”

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