Finance Minister Arun Jaitley announced an increase of Rs 70,000 crore in the government's spending on infrastructure, but where will all this money go?
A vaunted lawyer like Finance Minister Arun Jaitley did not do a stellar job of selling the Budget, even though he did put in much in it.
Visa on arrival facilities for 150 countries may boost tourism but do we have the infrastructure to cope?
Apart from announcing a fund for a jobs scheme and encouraging cashless transactions, the Budget has largely ignored these sectors.
First, the budget has further simplified the procedures for Indian corporate to attract foreign investments
Finance Minister Arun Jaitley, in his Budget for 2015-16, offered incentives for yoga providers and punished smokers by increasing excise duty on cigarettes.
While many of the policies proposed could stimulate manufacturing demand in the long term, executives were not too sure about the near term.
The measures initiated in the budget are not enough to address many of the issues connected with ease of doing business. But a beginning has been made in the right earnest.
Finance Minister Arun Jaitley not only acknowledged the problem of this growing insurance and pension-less population but also stressed the need for creating a universal social security system for all Indians, specially the poor and the under-privileged.
Here are hits and misses for the manufacturing sector in Budget 2015-16.
FM Arun Jaitley said he was proposing to create a Mudra Bank, with a corpus of Rs 20,000 crore, and credit guarantee corpus of Rs 3,000 crore.
In Budget 2015-16, Finance Minister Arun Jaitley has proposed setting up of an autonomous bank board bureau.
However, the fact that it is intended to consolidate skill initiatives that are spread across several ministries and standardize procedures and outcomes for the 31 Sector Skill Councils, is indeed welcome.
There has been a constant tussle between the state and the central governments that has deferred its implementation several times.
Though the merger of FMC with Sebi was anticipated in the market, it isn't the best of moves for India.
"There is a huge thrust on rural infrastructure... Which is particularly important if we want to reduce the gap between India and Bharat," writes Business Today Editor Prosenjit Datta.
The automobile industry wanted the government to announce a cut in excise duty and offer industry-specific incentives to increase demand.
The government's commitment to implementing GST by April 1 2016 - and not defer it yet again - would also be received as a major positive by the corporate world.
The finance minister presented a balanced budget to boost growth but had his hands tied on spending.
With a confusing stance from the government on MNREGA, it remains to be seen what the future of the programme will be and whether it will create real assets as promised.
The Indian IT and ITES sector is estimated at $119 billion with $98 billion in exports alone and the rest being domestic. The sector employs around 4 million people directly.





