The 16 action points enunciated in the Budget are breakthrough ideas, and if implemented they would go a long way to transform the rural economy.Finance minister Nirmala Sitharaman has presented a focused, bold, pragmatic and growth-oriented Budget which has attempted a credible balancing act between scripting a blueprint for sustaining the growth momentum in the Indian economy on the one hand, while taking up issues of social inclusion on the other.In fact, the finance minister has been proactively making bold Budget-like announcements in the last few months to stimulate investment and promote inclusive growth.
The Budget has adopted just the right approach for catalysing growth with social inclusion. Similarly, the introduction of Kisan Rail, that will build a seamless national cold supply chain for perishables, is another landmark scheme.The finance minister made rural India the centrepiece of her second Budget’s narrative. No doubt, it will find resonance among the hopes and aspirations of key stakeholders in the economy. The finance minister has taken path-breaking measures towards improving agricultural productivity and doubling farmers’ income. Besides, measures like Krishi Uddan, integrating the financing on Negotiable Warehousing Receipts (e-NWR) with e-nam, promoting horticulture, fish farmer producer organisations, among others, are to make farming more remunerative and enhance economic prosperity in the rural heartland.
Moreover, it contains far-reaching and comprehensive provisions which are anchored in the social and macroeconomic reality of the country. The Budget marks an ongoing process than a one-off approach towards taking our development journey forward.Being embedded in the three major themes — aspirational India, economic development and a caring society — the Budget reflects the government’s commitment towards satisfying the aspirations of the common man even while striving to revive growth in the economy. In this way, the Budget has ticked all the right boxes, which would propel the economy to the path of inclusive growth. It has provisions which cover almost all sections of society.. Examples include reduction of the corporate tax rate, removal of enhanced surcharge on FPIs, provision of additional depreciation to the automotive industry, bank recapitalisation, a package for housing and exports, among others.
Besides, developing human capital by providing a fillip to health, education and skills, introducing mega tax cuts for the lower and middle class, making bold announcements on infrastructure and affordable housing, providing an impetus to domestic https://www.brishine-united.com/product/ China Custom Metal Parts industry, addressing the concerns of SMEs and startups, simplifying taxation, encouraging foreign investors and supporting futuristic technologies, among others, are versatile moves. The move to encourage states to adopt model acts will pave the way for adoption of much needed agri reforms, leading to better returns for farmers as well as enhanced private sector engagement with agriculture
The Budget has adopted just the right approach for catalysing growth with social inclusion. Similarly, the introduction of Kisan Rail, that will build a seamless national cold supply chain for perishables, is another landmark scheme.The finance minister made rural India the centrepiece of her second Budget’s narrative. No doubt, it will find resonance among the hopes and aspirations of key stakeholders in the economy. The finance minister has taken path-breaking measures towards improving agricultural productivity and doubling farmers’ income. Besides, measures like Krishi Uddan, integrating the financing on Negotiable Warehousing Receipts (e-NWR) with e-nam, promoting horticulture, fish farmer producer organisations, among others, are to make farming more remunerative and enhance economic prosperity in the rural heartland.
Moreover, it contains far-reaching and comprehensive provisions which are anchored in the social and macroeconomic reality of the country. The Budget marks an ongoing process than a one-off approach towards taking our development journey forward.Being embedded in the three major themes — aspirational India, economic development and a caring society — the Budget reflects the government’s commitment towards satisfying the aspirations of the common man even while striving to revive growth in the economy. In this way, the Budget has ticked all the right boxes, which would propel the economy to the path of inclusive growth. It has provisions which cover almost all sections of society.. Examples include reduction of the corporate tax rate, removal of enhanced surcharge on FPIs, provision of additional depreciation to the automotive industry, bank recapitalisation, a package for housing and exports, among others.
Besides, developing human capital by providing a fillip to health, education and skills, introducing mega tax cuts for the lower and middle class, making bold announcements on infrastructure and affordable housing, providing an impetus to domestic https://www.brishine-united.com/product/ China Custom Metal Parts industry, addressing the concerns of SMEs and startups, simplifying taxation, encouraging foreign investors and supporting futuristic technologies, among others, are versatile moves. The move to encourage states to adopt model acts will pave the way for adoption of much needed agri reforms, leading to better returns for farmers as well as enhanced private sector engagement with agriculture
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