The Finance Minister deserves credit for striking a balance between growth and inflation in the Union Budget.  Increased allocations for rural and social sectors are steps in the right direction. He deserves praise on issues like cut in CST, financing infrastructure through Forex reserves, developing a mortgage guarantee mechanism and promoting development of skilled manpower.  His proposals for increasing the dividend distribution tax, additional education cess and extension of MAT are not really enthusiastic for the corporate sector. In view of an already high tax regime, this will affect the global competitiveness of Indian companies especially against China.  We hope he will revisit some of these issues during the course of the year for continuing the current growth momentum.