Union Budget 2019: Government should focus on privatisation rather divesting stake in PSUs, says Nepean Capital

Ajay Srivastava CEO, Dimensions Corporate Finance, said, "It is not about paying tax, it is about the direction. Directionally, you are talking about a socialistic orientation in a capitalistic economy. It is nothing to do with paying extra money, it is just directionally a wrong thing for an economy anywhere in the world, everywhere it is going the other way round. We are moving towards the Indira Gandhi regime of more than 90 percent tax equivalent in today's day. Directionally, I think it is a very bad move, I think it is a very socialistic kind of a gesture, which doesn't augur well for capital markets."