The idea of merging state-owned oil companies germinated during the AB Vajpayee years and surfaced during Mani Shankar Iyer’s tenure as the UPA petroleum minister.
The Union Budget 2017-18 may not be high-sounding but it focuses on better consolidation and implementation of government schemes, Finance Secretary Ashok Lavasa said on Tuesday.
The fourth Union Budget of the current NDA government has once again kept the legacy of contractionary fiscal policies continuing.
The problem of subdued power demand ailing the thermal as well as renewable energy sectors was addressed by Union Finance Minister Arun Jaitley in his budget proposals for fiscal 2017-18 on February 1, but there is no “direct, head-on tackling of stressed power assets”, experts say.
Overall I would give a thumbs up for the budget, however, due consideration towards the few ‘missing’ links could have made me happier.
Finance Minister Arun Jaitley’s focus on agriculture, rural employment and infrastructure in his Budget for 2017-18 shows Narendra Modi government’s ability to balance growth with prudence, billionaire Gautam Adani said today.
A well balanced budget is presented by Finance Minister today with a focus on addressing the three fundamental needs of education in India: access, quality and equity.
“From a macro point of view, the Budget presented by the Finance Minister is a growth-oriented one with special focus on rural, agriculture and infra sectors,” Dr Singhania said.
Ameera Shah, MD & Promoter at Metropolis Healthcare Ltd on Thursday said that Finance Minister Arun Jaitley made many positive announcemnets for the healthcare sector in the Union Budget 2017.
Stating that the Union Budget 2017 was as per expectations with no major changes, Achin Goel, Head, Wealth Management & Financial Planning, Bonanza Portfolio Ltd on Thursday said that the thrust was on skill development, farmers, rural electrification and infrastructure development.
The Budget is a political one with a focus on farmers, rural area, on the poor, on women, on infrastructure, on digital economy and bringing in good governance.
Barring railways, total allocation for infra sector has been budgeted at `2.75 lakh crore for 2017-18, up 16%.
Under the new norms, the government agreed to release 75% of amounts against margin-free guarantee in situations where awards have been given but have been contested by the authorities concerned.
This year’s budget was perhaps the most anticipated one since the liberalization of the economy in the early 90s.
The positive from this ‘infrastructure status’ means that developers can access foreign funds at a cheaper cost by way of debt; and it will be a ‘priority sector lending’ for banks
One can pray the world turns out to be as benign as anticipated. Otherwise, policies could well have to be altered dramatically
Phasing out of the FIPB which over a period of time has lost its relevance, will cut a layer of red tape
On the whole, transparency and efficiency seemed to be the underlying message of the Budget. A welcome move towards ensuring that India’s economy remains on an upward trajectory.
Good on macro-stability, few tax reforms, nothing on NPAs, but no negative surprises
Despite market noise, it has not deviated from its long-term goal of fiscal consolidation
Budget FY18 has given priority to raising funds for irrigation. An enhanced corpus of `20,000 crore with Nabard is a welcome step.
The infrastructure sector does indeed have reason to feel more than satisfied with the huge emphasis given to it in the 2017-18 Budget.
The government has taken a number of measures towards reducing and controlling the generation and accumulation of unaccounted incomes or black wealth in India or by Indians, the demonetisation exercise being the most visible one.
It is usual to have a plethora of expectations from the Union Budget, and a yearning for so-called “big-bang” reforms and announcements.
Existing state-run companies may be merged; LNG customs duty cut to boost move towards gas-dependent economy
The 4,700-odd start-ups in the country can now look forward to the benefit of certain tax sops with the Centre extending the profit-linked deduction for start-ups to three out of seven years from the earlier norm of three out of five years.
Budgetary outlay for national highways increased to `64k crore; private players cheer hike