‘The Budget can be referred to as a vision document’

Font Size

Print

Feedback

Email

Discuss

Related Articles

Column : Dialling into tax troubleColumn : A post-recession exit strategy -IColumn : In crisis, wear your balance sheetColumn : The problem with spending

: The Budget proposed by finance minister Pranab Mukharjee for 2009-10 can be referred as the ‘vision document’ as it focuses on rural, agrarian and social sector, which will create huge demand for goods and services for India Inc.

The minister has proposed the roadmap towards achieving 9% GDP growth. The enhanced emphasis on infrastructure projects shows the determination of the government in its path to boost the domestic demand. This will further boost other industries in the medium-term. The government is clearly expecting increased public-private partnership (PPP). The availability of Rs 1,00,000 crore of refinances from IIFCL and banks will ensure greater degree of sustainability to infrastructure projects in the coming years. The increase in the allocation in NHAI, railways, JNNURM and Accelerated Power Development Programme and Reform Programme are positive moves. At the time when the government is under severe pressures to reduce the fiscal deficit, attempts in holding the tax regime in noteworthy.