Business Today

A balanced budget

The budget is predominantly geared towards the common man, small business enterprises and the agricultural sector. Revival of agriculture and rural development are essential for the health of the overall economy.

Meher Pudumjee        Last Updated: February 29, 2016  | 00:00 IST
Meher Pudumjee, Chairperson, Thermax Limited
Meher Pudumjee, Chairperson, Thermax Limited


The budget is predominantly geared towards the common man, small business enterprises and the agricultural sector. Revival of agriculture and rural development are essential for the health of the overall economy.

Infrastructure allocation for roads and railways will have a positive impact as they can stimulate the investment cycle, persuading the private sector to join.

Kickstarting the PPP projects is vital, and the promise to bring a new bill on dispute resolution for PPPs will certainly help in reactivating some of the stranded projects.

HIGHLIGHTS:Union Budget 2016

Personally, I think Rs 25,000 crore is hardly enough to recapitalise the public sector banks, but as a statement of intent it is reassuring.

The decision to contain the fiscal deficit at 3.9 per cent in the current year and stick to the earlier commitment to keep it at 3.5 per cent for FY 2017 is welcome.
All in all, a balanced budget.

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