Budget 2018 backs growth with prudence – Here is how

By: |
Published: February 2, 2018 5:23:47 AM

Budget 2018: Finance Minister Arun Jaitley has announced a Budget 2018 that is aimed at reducing agricultural distress, improving both rural and urban economies, creating jobs, developing infrastructure and boosting growth.

Budget 2018: The Budget 2018 has displayed prudence with regard to the fiscal situation.Budget 2018: The Budget 2018 has displayed prudence with regard to the fiscal situation.

Budget 2018: Finance Minister Arun Jaitley has announced a Budget 2018 that is aimed at reducing agricultural distress, improving both rural and urban economies, creating jobs, developing infrastructure and boosting growth. At the same time, the Budget 2018 has displayed prudence with regard to the fiscal situation. There were two important announcements regarding power generation. The first is aimed at strengthening the network of solar-based pumps, with an associated move for distribution firms buying the surplus solar power generated by farmers. The solar sector is already shaping up as the disrupter in the power sector and this would give it the reach it needs.

Watch: Tax takeaways from Budget 2018 for the common man

The other prominent announcement pertained to the strengthening of the Saubhagya Yojana and has confirmed Rs 16,000 crore of investment to facilitate free connections for 4 crore families. To boost thermal power generation, there was an announcement for committing additional rakes that supply coal to power plants. The FM has reiterated his government’s focus on rural, urban, transport, and defense infrastructure in this year’s Budget. We are sure the positive announcements would boost demand in the power market and help reform the sector further.

For latest coverage on Budget 2019-20 log on to financialexpress.com. We bring you full coverage of Union Budget 2019 Live. Stay Connected.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition
FinancialExpress_1x1_Imp_Desktop