In the backdrop of past reforms culminating into early green shoots for investments, a credible rise in allocation for infrastructure by 21% accompanied by broadening of corporate tax relaxation for MSMEs, a chiseled focus on generating livelihood creation in agriculture and rural sectors via new Operation Green and National Health Protection schemes, incentives to enhance employment in labor intensive sectors of textile, leather and footwear will ensure a stronger consumption and investment impetus in FY19.
Vishwavir Ahuja, MD RBL Bank, Hermes handbags said budget has done a reasonable job of balancing populist imperatives and growth orientation. With its stated shift in focus from of doing business to ease of living for poorest increased outlays on social objectives, including education, affordable housing, healthcare it has ticked all the right boxes in the pre election year there is a slight divergence from our expectations on fiscal deficit levels for both FY18 and FY 19, government commitment to fiscal glide path needs to come out more clearly as that is necessary to help ease the prevailing worries in the bond market. The introduction of LTCG without indexation could have been avoided the revenue expectation of Rs. 20,000 crore could be a steep ask.
Zarin Daruwala, CEO, India, Standard Chartered Bank, said, Budget has taken in a wide angle view, attending to the Aadmi of the country. The outreach it has managed to achieve cutting across the spectrum rural and infra sectors, Hermes Budget 2018 Highlights News Updates, salaried, and retired classes while staying on course with fiscal consolidation has struck a fine balance between the needs of growth, social development, and investor confidence which is a commendable achievement in my view. 01, 09:49 PM (IST)
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