Budget missed giving investment boost to eco: Nirmal Bang

Union Budget 2015-16 analysis by Nirmal Bang:

Conversion of existing excise duty on petrol and diesel to the extent of Rs.4 per litre into Road Cess to fund investment. An additional sum of Rs.40,000 cr will be made available through this measure for these sectors.

Target of renewable energy capacity revised to 175,000 MW till 2022, comprising 100,000 MW Solar, 60,000 MW Wind, 10,000 MW Biomass and 5,000 MW Small Hydro. – Long term Plan.

Increase in outlays of Rs.14,031 cr for roads and Rs.10,050 cr for railways.

Capital expenditure of public sector units to be increased by Rs 80,844 crore to Rs 317,889 crore.

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PPP mode of infrastructure development to be revisited and revitalized.

5 new Ultra Mega Power Projects, each of 4,000 MW, in the Plug-and-Play mode. – But past experience is Bad.

Additional investment allowance (at 15 percent) and additional depreciation (at 35 percent) to new manufacturing units set up during the period 01-04-2015 to 31-03-2020 in notified backward areas of Andhra Pradesh and Telangana.

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