US industry bodies applaud fiscally balanced Indian Budget
The Dollar Business Bureau “I am in complete agreement with Finance Minister Arun Jaitley: When you look around the world today and witness all the retrenchment and chaos underway from Russia to China to Brazil, India stands out as a beacon of stability and predictability,” said Ron Somers, founder and CEO of India First Group. In its appraisal of Union Budget 2017, The US-India Business Council (USIBC) applauds Finance Minister Arun Jaitley for presenting a 'forward looking' budget. Mukesh Aghi, President, USIBC, said that the FM has, despite a challenging global environment, done an admirable job in announcing propelling measures for domestic economy and supporting foreign investors. Ameliorating recessionary impact of demonetisation, investing in skilling Indian youth, and enhancing ease of doing business, without compromising on a strong fiscal deficit target is a great feat achieved by ...
Budget 2016: Infrastructure gets anticipated push, focus on public investments
The government is planning to introduce the National Investment and Infrastructure Fund (NIIIF) to ensure an annual flow of Rs.20,000 crore The Dollar Business Bureau The government is intending to develop ports both in the Eastern and Western coasts to increase their proficiency with an allocation of Rs.800 crore Sticking closely to the expected script, the recently-concluded Union Budget 2016 indicated the governments renewed thrust on the countrys infrastructure sector, as Finance Minister Arun Jaitely picked road, railways and ports to accelerate public investments. In his budget speech on Monday, the Finance Minister announced a total budget allocation of Rs.2.21 lakh crore for the countrys infrastructure segment. The road sector alone received a package of Rs.97,000 crore an allocation of Rs.55,000 crore for ...
