MUST READ-2ND FEBRUARY 2017
The Hindu
Front Page / NATIONAL and ECONOMY
SMALL WONDER: In a workmanlike Budget, Arun Jaitley maintains fiscal discipline while handing out more to those at the bottom of the pyramid.
₹2,000 ceiling for cash donation to parties: But individuals can give funds by cheque or through digital mode.
I-T relief for those earning ₹2.5-5 lakh: Uniform benefit of ₹12,500 per person for all other categories of taxpayers.
A fine balance of growth and equity: The Union budget for 2017-18 has managed a fine balance between growth and equity based on strategic thrust areas.
Infrastructure gets a major boost: As the Budget is a combined one, the Centre can now synergise investments in rail, roads, rivers and civil aviation.
Safety comes first, e-tickets gain traction: Corpus of ₹1 lakh crore for safety and zero service charge on digital bookings major highlights of rail budget.
Payments board may get a MPC lookalike: Centre will review the Payment and Settlement Systems Act, 2007, and bring about amendments.
Editorial/OPINION
Politics trumps ideology: The macroeconomic credentials of the Budget are quite impressive. The highlight is a greater than 25% increase in capital spending and a substantial increase in the transfer to the States.
Readying for the long road: The Budget for this fiscal year is a balanced one which takes forward the work done in 2016-2017.
The message in the median: The fiscal prudence is timely, but the Budget lacks measures to revive the economy.
Indian Express
More Water For The Field: But silence on reforming food and fertiliser subsidies is disappointing.
Live Mint
Union Budget: more hits than misses: The government has taken several reform measures in the budget that will help the economy.
Budget 2017: An opportunity lost for renewable energy: The budget’s real test lay in its approach to mitigating financial risk in the renewable energy, where capital costs are high, payback periods are long and off-taker, construction and foreign exchange risks raise cost of debt.
No comments:
Post a Comment