The First full time Lady Finance Minister of the Country has presented the Budget 2019 today. This budget was presented more in the form of Letter of Intent rather than a budget with clear foresight for sustainable growth addressing a changing international scenario. The budget should be termed as an incremental budget through small steps taken in various sectors but no concrete/bold decision in any significant field.
Looking on the few positive facts, a massive boost is being thought of in infrastructure structure. However concerns should be raised with respect to the modes of generating 100 lakh crores which happens to be around 5 times of annual budget.
It is good to hear the intent of the Minister of importance of strong labour laws. The additional deduction for Interest on E-Vehicle will have a positive impact on the E-vehicle manufacturers.
Expectations of creating pre-requisite requirements for creating conducive environment for investments in the country has fell off completely. Hugely disappointed with no direction on reducing cost of equity and borrowing costs. The Hon’ble Minister missed out completely on the agrarian criris and education sector in this budget.
All in all, the Budget 2019 would be termed as an intent document covering the agenda of the government in coming years rather than a dynamic and path breaking one.
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