December 23, 2025 01:53 am (IST)
Follow us:
Budget 2016-17 has set direction for inclusive growth: Symphony
New Delhi, Feb 29 (IBNS): Achal Bakeri, CMD, Symphony Ltd on Monday said Union Finance Minister Arun Jaitley's budget 2016-17 has set the direction for a balanced and inclusive growth.
“The Finance Minister has set the direction for a balanced and inclusive growth emphasising on agriculture, irrigation, rural economy, farm income, investment in infrastructure, education maintaining fiscal discipline as well as raising social spend," Bakeri said.
"Lot of thrust is given for the priority sector and improving basic infrastructure like road, electricity, port, agriculture sector, rural economy, social sector and employment etc.," he said.
according to him, "Tax reforms, focus on ease of doing business, promoting start-ups are some of the welcome steps announced in the budget. Giving more autonomy to PSUs in operation, desire to decrease government stake in the PSU banks even below 50% are step in the right direction."
"The impetus to Infrastructure, agriculture and education sectors is laudable though the much expected big bang reforms are yet in the waiting. Realistic budget in given constraints,” Bakeri concluded.
Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector along with infrastructure with analysts terming it a pro-poor, pro-agriculture move that throws a challenge to the government to implement in reality.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
DBS Bank India extends ₹670 crore sustainability-linked trade facility to Indorama India
Mon, Dec 22 2025
Stock market buzz: Fresh listings Groww, Lenskart, ICICI AMC spark massive rally on Dalal Street!
Mon, Dec 22 2025
Reject Macaulayan education, reclaim Indian values: H M Bangur’s big World Hindu Economic Forum pitch
Sat, Dec 20 2025
Big Global Push! Bank of Baroda Backs $500 Million Foreign Currency Loan for OVL’s Overseas Arm
Sat, Dec 20 2025
Big move in luxury retail! Helios Luxe introduces legendary Auguste Reymond to India
Sat, Dec 20 2025
Tata AIA launches multicap opportunities fund
Fri, Dec 19 2025