Budget for the common man
Significant allocation to agriculture and rural sector, which will generate employment, mitigate rural distress to some extent and boost rural demand.
G.N. Bajpai
- Feb 29, 2016,
- Updated Feb 29, 2016 11:38 PM IST
- Fiscal deficit retained at 3.9 per cent & 3.5 per cent; speaks volumes about fiscal prudence and will help containing inflation, ensure macro-economic stability and bring down interest rates.
- Huge push to infra-structure development:- roads, highways & rural roads, railways, ports, power and water transport etc.
HIGHLIGHTS: Union Budget 2016
- Significant allocation to agriculture and rural sector, which will generate employment, mitigate rural distress to some extent and boost rural demand.
- Financial sector reforms, ease of doing business in particular ease of paying tax, including improving tax resolution mechanism, debt market, REITS etc. will improve Total Factor Productivity.
- Budget has addressed wide ranging areas and therefore, implementation will be the key to reaping the benefits for the growth of economy and people.
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- Fiscal deficit retained at 3.9 per cent & 3.5 per cent; speaks volumes about fiscal prudence and will help containing inflation, ensure macro-economic stability and bring down interest rates.
- Huge push to infra-structure development:- roads, highways & rural roads, railways, ports, power and water transport etc.
HIGHLIGHTS: Union Budget 2016
- Significant allocation to agriculture and rural sector, which will generate employment, mitigate rural distress to some extent and boost rural demand.
- Financial sector reforms, ease of doing business in particular ease of paying tax, including improving tax resolution mechanism, debt market, REITS etc. will improve Total Factor Productivity.
- Budget has addressed wide ranging areas and therefore, implementation will be the key to reaping the benefits for the growth of economy and people.
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