Shri giving introductory remarks at #Talkathon on #Budget2017 #AskYourFM /76dg4GqmhVĦ:25PM: Dena Bank’s Ashwani Kumar welcomed the Rs 10,000 crore capital infusion along with explicit commitment to do more as a “morale booster” for the sector, saying banks are in “dire” need of capital for credit growth and compliance with the Basel-III framework.Ħ:16PM: Shikha Sharma, Axis Bank: There are many positives for banks like the balance between need to spend and maintain fiscal discipline. While the Budget was overall positive, addressing the key focus areas which would provide traction to the growth momentum of the economy through multiplier effect, implementation and execution of the various announcements hold the key. abolishing of FIPB and integration of public sector oil majors would be realized in the way the policy is framed and executed. Although the Budget clearly refrained from any big bang announcements, the implications of two major announcements i.e. The much-needed emphasis on the languishing capital investment has received a boost through the more than 25% increase in government’s capital expenditure which is expected to crowd-in private investment. While the target of achieving fiscal deficit of 3.2% seems to be optimistic amidst the current slowdown and increasing downside risk to the economy, it might be achieved on the back of rationalization of taxes, implementation of GST and additional measures to enhance the tax base. Based on the three pillars of “Transform, Energise and Clean India”, the Budget focused largely on rural and underprivileged, infrastructure, transparency and prudent fiscal management to accelerate economic growth. He also slammed the Centre for merging the Railway Budget with the General Budget, saying “The government has ruined the railway.”ĩ0%of the investment is coming through automatic route:FM Shri at #Talkathon /SxIGadtTI5Ħ:30PM: Arun Singh, Lead Economist at Dun & Bradstreet India – The Union Budget for FY18 was pragmatic and positive and treaded on the expected lines. Only 20 lakh people are paying tax voluntarily:FM at #Talkathon on #Budget2017 /SLU11cIxIYĦ:35PM: Bihar Chief Minister Nitish Kumar today described the Union Budget as “utterly disappointing” and said it did not say with “clarity” how much black money or fake currency was netted during the 50 days after demonetisation. In a statement, he praised the budgetary provision of Rs 10 lakh crore as credit to farmers with a 60-day period for interest waiver and stated that the increase of funds to NABARD and the dedicated micro-irrigation fund for it will greatly help the farm sector.Ħ:45PM: Cyber security is vital for digital economy, says FM Arun Jaitley I thank PM, says Agriculture Minister Radha Mohan SinghĦ:50PM: Hailing the 2017-2018 Union Budget as “pro-poor, pro-farmer, welfare and growth-oriented”, Assam Chief Minister Sarbananda Sonowal said it had something for every section of the society. Dairy processing infrastructure fund to be set up. 7:00PM: Budget 2017 will strengthen farmers.
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