April 26, 2024 14:31 (IST)
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Budget 2016-17 has set direction for inclusive growth: Symphony
New Delhi, Feb 29 (IBNS): Achal Bakeri, CMD, Symphony Ltd on Monday said Union Finance Minister Arun Jaitley's budget 2016-17 has set the direction for a balanced and inclusive growth.
“The Finance Minister has set the direction for a balanced and inclusive growth emphasising on agriculture, irrigation, rural economy, farm income, investment in infrastructure, education maintaining fiscal discipline as well as raising social spend," Bakeri said.
"Lot of thrust is given for the priority sector and improving basic infrastructure like road, electricity, port, agriculture sector, rural economy, social sector and employment etc.," he said.
according to him, "Tax reforms, focus on ease of doing business, promoting start-ups are some of the welcome steps announced in the budget. Giving more autonomy to PSUs in operation, desire to decrease government stake in the PSU banks even below 50% are step in the right direction."
"The impetus to Infrastructure, agriculture and education sectors is laudable though the much expected big bang reforms are yet in the waiting. Realistic budget in given constraints,” Bakeri concluded.
Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector along with infrastructure with analysts terming it a pro-poor, pro-agriculture move that throws a challenge to the government to implement in reality.
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