Budget 2016-17 has a few very good positive points: Vadilal Industries
“This Budget has a few very good positive points. 1st up Rural Demand and Purchasing Power that is suffering due to back to back droughts is addressed. Announcement to have Investment in Rural Roads, Irrigation to 28.5 Lac Acres and Organic farming being extended by 5Lac Acers over 3 Years aiming to Double Rural Incomes by 2022 are very positive," Gandhi said.
"Possibility of allowing Government stake in PSU Banks to go below 50% with IDBI Bank being Government Bank (but not Nationalized Bank) being 1st off the Block with Strategic Investor being planned is a Good Beginning. Also 25,000 Crore earmarked for Recapitalization of the Banks though not enough but is a step in the right direction."
"No Rise in Fiscal Deficit from stated Goals in Last Budget. This would mean No Inflation Risk. RBI may be in a Position to reduce Interest Rates because of this," said he.
"Announcement of New Policy in Government Investments including disinvestment and strategic sale. This is a Good Step as it would help improve the Management, Profitability and Effectiveness of the PSUs apart from helping Government with much needed funds,” he added.
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