Capex, health infra priorities in Budget'22: FM Nirmala Sitharaman
Emphasis on capital expenditure in the last Budget will remain, says Sitharaman.
Emphasis on capital expenditure in the last Budget will remain, says Sitharaman.
But since it is voluntary in nature, it will require strong enforcement from state governments to ensure that its objectives are met.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
The Budget is one of the most awaited events and this year’s Budget certainly did not disappoint. With a series of bold, reformist measures, it signalled a clear shift to growth orientation.
Budget 2021 has made it possible for power distribution companies to come up with new business models. This will, in turn, lead to innovative solutions and financing options for various services.
The push to build infrastructure via investments in core areas such as national highways is likely to pay rich dividends.
While there is an expansion in fiscal deficit in the near term, the Budget does well to outline a path to fiscal consolidation once normalcy in economic activity is restored.
As a fiscal roadmap to reinstate and revive India’s economic recovery, the spending oriented Union Budget 2021 comes across as an exercise in prudence.
Finance Minister, Nirmala Sitharaman presented the Union Budget in the Parliament today. And with a slew of measures given to various sectors, India Inc. has welcomed the Budget.
Budget 2021, the first paperless one in the history of independent India, has been touted as one of the landmark Budgets of recent times. Here are some key points to ponder.