The Budget 2009-10 was a non-event for the Indian telecom sector. The industry was hopeful of the total levies on it being reduced. It further wished for more clarity on the 3-G auctions.
Power sector, which is quite worried over the achievement of the capacity addition target of 78,700 mw by end of 11th Plan, is a disappointed lot over the Budget proposals.
The UPA government’s short-term growth strategy relies heavily on infrastructure development.
With more than Rs 30,000 crore directed towards the sector and provisions for Rs 1 lakh crore of budgetary support in all...
The government has decided to converge its flagship NREGA with other schemes relating to agriculture, water resources, land resources etc. It is expected to give boost to food productions.
In a significant move to prevent indiscriminate use of fertiliser by farmers and attract new investment into the sector, the government on Monday proposed to move towards a nutrient based subsidy regime for fertilisers from the current product pricing regime.
Concerned over the unsatisfactory performance of the monsoon this summer, the Budget 2009-10 aimed at providing some support to farmers with land holdings of more than two hectare under the debt waiver scheme announced last year by extending the time for payment by six months to...
Amidst the mixed signals coming from the global markets, FM’s message delivers a promising note. It is a definite positive for the IT industry and will help create the right sentiment in the industry.
Overall, the Budget 2009-10 looks good as it will induce investment in key sectors such as infrastructure, agriculture, irrigation, education, health and social welfare. It has reached out to all sections of the economy and society.
I rate Budget 2009-10 as a balanced Budget, which is high on vision and provides the roadmap of government priority in the second term. FM’s commitment to restore the growth rate to 9% is the highlight of the Budget.
In some ways, this is an understated Budget. It delivers more than what is apparent. The talk of 9% growth is a big theme, somehow the markets have got lost into details and have not read this bold big picture.
The large budgetary support in general of plan and investment, especially the funds made available to the IIFCL, the 23% increase in the NHAI spending, the 87% increase in JNNURM outlay...
The growing deficits and the tussle for scarce resources have in no ways restrained the finance minister’s enthusiasm from boosting the infrastructure sector. Total Budget allocations for important infrastructure ministries such as civil aviation...
The real estate industry, which is reeling under the credit crunch and slump in demand, expressed its unhappiness for not announcing any specific incentives in the Budget, but said the overall thrust on infrastructure development would benefit the sector.
The Government on Monday outlined measures to speed infrastructure development.
The Budget is not likely to raise the much-talked-about cess on diesel and petrol.
The flamboyance of former railway minister Lalu Prasad gave way to a rather...
