April 19, 2026 08:50 pm (IST)
Follow us:
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Game changer: India’s first Advanced 3D Glass Semiconductor Packaging Unit to be unveiled in Odisha
Sat, Apr 18 2026
Meta eyes first wave of layoffs on May 20: Report
Sat, Apr 18 2026
Adani Group shares rise as Gautam Adani becomes Asia’s richest, overtakes Mukesh Ambani
Fri, Apr 17 2026
Lenskart dress code row: Hijab allowed, bindi restriction triggers backlash; CEO responds
Thu, Apr 16 2026
Rupee rises 9 paise, upside limited by dollar demand
Thu, Apr 16 2026
Sensex, Nifty rise as oil slips on West Asia de-escalation hopes
Thu, Apr 16 2026