Union Budget 2017-2018 Review: Reliance Commodities

For the road sector the government will be increasing the allocation from Rs 64,000 crore to Rs 57,676 crore. This is positive for the road sector as the surface transport ministry intends to speed up implementation from 30 km/day to 40 km/day.Infrastructure expenditure is at Rs 3.96 lakh crore. This is positive for the sector. Implementation is key as projects are held up.FIPB is to be abolished. A big move for FDI investments in the country. Insurance, infrastructure and financial sector companies should benefit from this move.Meanwhile, he also said that PSUs will be listed and a revised mechanism to have a time bound listing. IRCTC, IRCON and IRFC will be listed. Positive for the overall market and brokers as it increases depth.Disclaimer: The views and investment recommendations expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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