Commenting on Union Budget 2009/10; Nikunj Kanakia - Chairman and Managing Director, Lifeline Industries; said "This budget is a decent effort within a short span and difficult times. Overall fiscal deficit of 6.8% is worrisome but situation looks different given the global financial scene. Thrust to infrastructure is a good sign and right avenue to deploy financial stimulus. Removals of FBT, Commodity transaction tax are steps in right direction. Government's intention to stay on course with GST deadline is positive sign as well. While government is justified with its focus on socio – economic stimulus, some relief in corporate tax would have boosted the morale of business. As a part of Pharma industry, our expectation for tax breaks for R & D is appears differed fine, we must wait. Overall, a good budget from medium term perspective may be market's sentiment shall revive having understood the impact of the budget".