ALL EXPECTATIONS ON policy
Ravi Shankar Prasasd
Law and Telecom Minister
Government of India
I don’t completely discount the BSNL-MTNL merger but as of now my main focus is to reviving the health of these two companies.
After a pre-budget economic survey suggesting the need for big bang reforms for ensuring high growth, the budget did not contain any major reform measures.
The budget gives 'long term' direction by way of reducing Corporate Tax from 30% to 25% which is definitely welcome.
Allocation of INR 70,000 crores to Infrastructure sector, tax-free bonds for projects in rail road and irrigation, revitalising the PPP model for infrastructure development - are just some of the inclusions which will help growth of infrastructure an
Clarity on GAAR deferment for two years and no retrospective applicability, comprehensive bankruptcy code, abolishing wealth tax act, merger of FMC with SEBI, rationalization of corporate tax from 30% to 25% coupled with review of deductions, etc. su
MD & CEO
Resources freed from lower commodity and oil prices has been judiciously deployed in a well thought out way.
Chairman & MD
FM had to tackle conflicting objectives such as higher share of government revenues going to the states as well as maintaining a tight fiscal deficit, while also increasing public investments to spur growth as private investments are still lagging be
The budget has clamped down heavily on the use of unaccounted-for money and given more incentives for the use of online money payments and transfers.
Head - Equities
The union budget factors a higher GDP growth of 8 - 8.5% for the next year and aims at a fiscal deficit target of 3.9%.
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