Statement Dr. Jaijit Bhattacharya, Partner – Infrastructure and Government Services, KPMG in India
The Union budget is sharply focused on a few key themes, which were already declared by the FM earlier. The budget focused on an efficient and effective government, rationalisation of taxation, heavy focus on rural with funds for de-stressing rural economy, Soft and hard infrastructure with over Rs. 2.2 trillion for combined rail, road, airports & waterways, focus on human resource development and de-stressing of the financial systems, including bank. It is also a welcome step to move from a fixed fiscal deficit target to a range, which will provide necessary fiscal headspace to the government. Overall the budget appears to focus on building the fundamentals of the economy and the economic & financial institutions.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
Edelweiss Mutual Fund to launch the second tranche of ‘BHARAT Bond ETF’
The Ultimate Guide to New York City in a Weekend
How To Buy Ford Figo Spare Parts Online In India?
Tata Money Market Fund – In a nutshell
Award-winning Canon photographers capture Ramadan in the time of a pandemic
2014 The Global Indian New Network (TGINN)