Reinforcing the credibility of GOI's medium term fiscal targeting framework
Expenditure priorities well defined with the focus on rural, farm and infrastructure sectors. In particular, the substantial allocations for roads and railways to have a strong multiplier effect on the rest of the economy.
Proposal for dispute resolutions in PPP infrastructure projects
Step up in NREGA allocation to augment social security
Improving the targeting of beneficiaries for various subsidies and schemes through greater use of Aadhar is expected to result in fiscal savings over medium term.
Proposal to do away the with plan/non-plan classification from FY18 onwards as well as the plan to review the FRBM framework.
Low growth of about 9000 (<5 per cent) in allocation of overall capital expenditure
Inadequate allocation for Banks recapitalization though the commitment to infuse higher amount if required was re-iterated.