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Budget 2016: Disappointing, confused and a bit contradictory

Increased MNREGA provided delivered efficiently would help reviving rural demand.

Subodh Bhargava        Last Updated: February 29, 2016  | 23:32 IST
Subodh Bhargava, Chairman, Tata Communications
Subodh Bhargava, Chairman, Tata Communications

 

  • Out of nine focus areas identified, addressed two or maybe three - agriculture, rural and infrastructure
  • Regarding rural and agri very welcome but more of a vision statement (results / benefits in 2-3 years) and not action oriented, which are needed to kick start the economy in the current depressed economic scenario. 
  • E-platform for market access a very positive initiative. However, other low hanging fruits to increase farmer income and expenditure not focused on like better storage / transportation through PPP, better per unit realisation by minimising middle man take etc. 
  • Increased MNREGA provided delivered efficiently would help reviving rural demand
  • Infra - road and renewable, specially solar on right course already during FY 16, the momentum should propel them further
  • Tax reforms - SIMPLIFICATION to bring down tax rates and disputes / litigation the greatest failure - a negative and conflict to intent . On one hand exemptions to go
  • Gradually over the years starting 1.4.17, on the other hand more introduced in this budget, product / services classifications increased with different tariff making the tax structure more complex, which is bound to cause more disputes.

HIGHLIGHTS:Union Budget 2016

 

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