With the Budget session behind us, there is a tumult across the industry around the nitty gritties of the amendments made and its impact in the existing legislation.
The theme “Sab Ka Vikas Sab KaSaath” has been kept in mind while presenting the budget 2017 which has an inclusive agenda and is balanced and well thought. The mantra for the Union Budget for FY 2017-18 is to “transform, energize & clean India- TEC India”, to build a stable, cleaner and a stronger institution. The budget focuses on the betterment of rural economy, financial sector reforms, digital economy, affordable housing and infrastructure and improvement of tax administration.
As the Indian Government presented its budget on 1st Feb 2017 in the aftermath of the massive “de-monetization” exercise that it undertook in the last few months, there were many thoughts in everyone’s minds as to what are the incentives that the Government will provide to individual and corporate citizens of the country. Further, the World Bank and IMF have been advocating revised growth estimate due to positive effect of de-monetization.
The Budget seem to have provided relief on many fronts, but does it cover all that is needed to boost growth, invite foreign investment, trigger more “Make in India” and rationalize multitude of taxes? The answer seems to be “Yes” and “No”.
The Government seems to have prioritized on some aspects while not having acted upon certain others. The budget seems to be driving towards achieving sustainable growth and increasing momentum in an overall economic manner.
The Budget seems to have taken a step in the right direction to a more inclusive growth and sustainable economic development towards growth at about 8% per annum and make true the prediction of becoming the Numero Uno economy by 2050.
Click to view Budget 2017-18: Decoded
Authors
Hi there,I check your blogs named “Union Budget 2017-18 – “A Cautious step ahead” – KVA” regularly.Your story-telling style is awesome, keep it up! And you can look our website about اغاني 2017.