I don’t agree with people saying that this Budget is aimed at the upcoming election
“Its a balanced budget which is for every section of society, especially the focus on farmers and health services of the poor. Economy will also get a boost.I congratulate PM Modi and FM Jaitley,”
Union Railways Minister
We welcome govt’s decision to allocate of Rs 5.35 lakh crore under phase 1 as part of Bharatmala project. We also welcome initiatives like the decision to boost the MSME sector; initiative to set-up National Logistics Portal as a single online window and decision to allocate Rs 2.4 lakh towards smart cities development
Mr. Chander Agarwal,
We welcome the Government’s commitment to electrify every household under Prime Minister Saubhagya Yojana as well as the thrust on creation of livelihood and infrastructure in rural areas. Apart from addressing rural issues, the Government has also maintained fiscal prudence. Tax incentives to MSMEs through reduction in corporate tax rate to 25% would be healthy for this segment which was hit by the introduction of GST. A growth-focused budget and we hope that India’s GDP growth rate goes up to 8% and beyond in coming few years.
Executive Vice Chairman,
Essar Power Ltd
The budget clearly displays post de monitisation, GST implementation and recapitalisation of banks the economy will witness growth trajectory of 8% and buoyant tax collections.
The stress is towards recharging the rural economy by shoring up the infrastructure and livelihood, doubling farm income and increasing agri exports.
On the infra side large spends are being done 14.3 lakh Crore on Rural infrastructure, railways 148000 crore and overall infra spends of 5.9 lakh Crore in this year will provide the impetus to growth, demand and employment generation.
CEO & Managing Director
Essar Ports Limited
“We welcome the inclusive and comprehensive budget announced by the Honorable Finance Minister, Shri Arun Jaitley with its clear emphasis on last mile energy access. The thrust on core areas including transport, defense, manufacturing and proposed fiscal and infrastructural reforms bodes well for India’s GDP growth targets. The energy sector reforms, steps to curb stubble burning coupled with the outlay Of RS 16000 crores to distribute free gas connections and power to unserved will give further boost to the economy and broaden access to cleaner energy. We would continue to encourage a continuation of the positive reform measures introduced last year in the energy space especially in the space of the open infrastructure access for all players and in power value chain for cleaner sources of energy. Overall the budget creates a clear emphasis for the next year.”
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