HOW DO YOU RATE THE BUD­GET ON A SCALE OF 1 TO 10? PLEASE GIVE REA­SONS.

India Today - - COVER STORY -

AD.K. JOSHI 7/10

It bats for fis­cal con­sol­i­da­tion and uses lim­ited fis­cal space to push cap­i­tal ex­pen­di­ture

ASHIMA GOYAL 7/10

Be­cause it in­creases cap­i­tal ex­pen­di­ture by about 25 per cent and stim­u­lates mass con­sump­tion while stick­ing with fis­cal con­sol­i­da­tion. It also has some use­ful re­forms for poll fund­ing. Not enough is done to re­vive pri­vate in­vest­ment and clean bank bal­ance sheets

USHA THO­RAT

Not sure I can rate. Pos­i­tive for in­ten­tion to ad­here to fis­cal pru­dence; for boost in pub­lic in­fra spend­ing; steps to boost con­sump­tion, es­pe­cially ru­ral sec­tor; elec­toral fund­ing re­form; re­stric­tion on cash pay­ments; and af­ford­able hous­ing.

Dis­ap­point­ment on un­clog­ging stalled projects, elec­tric­ity boards UDAY (Ujjwal Dis­com As­sur­ance Yo­jana), mea­gre amount for PSU banks’ re­cap, which will be to­tally in­ad­e­quate to en­able them to lend, to take ad­van­tage of the liq­uid­ity, lower in­ter­est rates and bud­get mea­sures, which will gen­er­ate more in­come in the spend­ing class.

Also not very sure of the fis­cal arith­metic, as there are some large in­ex­pli­ca­ble items, like huge in­crease in se­cu­ri­ties against small sav­ings, etc. Also, the bud­get es­ti­mates for tax rev­enue have been re­peated for re­vised es­ti­mates. Tax rev­enue for 2017-18 seems op­ti­mistic

ADITI NAYAR 8/10

Based on the balanc­ing act be­tween higher pro­duc­tive spend­ing, mod­estly lower taxes and con­tin­ued fis­cal con­sol­i­da­tion. Lower than ex­pected funds for bank re­cap­i­tal­i­sa­tion are a dis­ap­point­ment, while the dis­in­vest­ment tar­get may pose a chal­lenge

N.R. BHANUMURTHY 9/10

In the con­text of ex­ist­ing un­cer­tain­ties, both in the domestic as well as the global econ­omy, pre­sent­ing a bud­get that bal­ances both growth as­pi­ra­tions as well as devel­op­ment con­cerns, and at the same time un­der­takes mi­nor pol­icy re­forms is laud­able

RA­JIV KU­MAR 8/10

Be­cause it has avoided pop­ulism, taken sig­nif­i­cant steps to pro­mote in­vest­ment, in­clud­ing a 24 per cent jump in pub­lic cap­i­tal ex­pen­di­ture, given af­ford­able hous­ing a mas­sive im­pe­tus, in­clud­ing giv­ing it in­fra­struc­ture sta­tus, and cut tax on SME in­comes to 25 per cent. Also, it has sig­nif­i­cant em­ploy­ment-gen­er­at­ing mea­sures and some tar­geted to im­prove in­fra­struc­ture. Lastly, I ap­pre­ci­ate the re­duc­tion to Rs 2,000 of in­di­vid­ual po­lit­i­cal do­na­tions—a part of the fight against black money

ASHOK GU­LATI 7/10 NAUSHAD FORBES

The bud­get is bal­anced and prag­matic. The fo­cus on crit­i­cal ar­eas such as in­fra­struc­ture and the ru­ral econ­omy is note­wor­thy. The bud­get has been able to make ad­e­quate al­lo­ca­tions and yet con­tin­ues with fis­cal con­sol­i­da­tion

SAMIRAN CHAKRABORTY

(Did not an­swer)

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