Comments on Union Budget 2018-19

DECCAN CHRONICLE
Published Feb 5, 2018, 5:09 pm IST
Updated Feb 5, 2018, 5:39 pm IST
Government is widely expected to increase spending to ensure growth recaptures momentum.
 Below is a list of expectations across markets and corporate sectors.
  Below is a list of expectations across markets and corporate sectors.

‘‘The emphasis on Infrastructure spending augurs well for companies catering to this sector & Strengthening of Railways through Capex of 1,48,558 crores will benefit CMI Ltd. which counts Indian Railways as its largest customer.’’ Mr. Amit Jain, MD, CMI Ltd said.

Mrida Group. 

 

"I welcome the Finance Ministers' proposals for the Rural Economy. It is laudatory that the budget proposes a comprehensive package for all segments of rural economy like Agriculture, Fishing & Aquaculture, Animal Husbandry, Food Processing, etc. as this shows the resolve to cover the Rural populace through the length and breadth of the country. The initiative to bring together all the stakeholders under one umbrella will help in speedy implementation of the projects and will put the focus firmly on sustainable development. The outlay of Rs.14.34 lakh crores on Rural and Agriculture sector shows the commitment of the Government to uplifting rural lives. Providing of Market linkages for produce by converting Rural Haats to Grameen Rural Markets on the lines of APMC shows that there is a realization in the government that more needs to be done for marketing of Rural produce.  I only hope that there is equal focus on execution and outcomes so that actual changes take place on the ground.” Says Mr. Arun Nagpal, Co-Founder, Mrida Group Mrida, a Social Business Venture that seeks to build sustainable and scalable, financially viable business models aimed at holistic rural development.

SRM University

“We are very happy to see the continued focus on research and development in the education sector. The fact that Rs. 1 lakh crore has been earmarked for revitalising innovation under RISE over the next 4 years augurs well for the future. We at SRM are committed to creating an innovation and R&D focused institution and we believe that we are completely in sync with the aspirations of the Government in reaping rich demographic dividend and this is possible through high quality education. The focus on creating a corpus of the best brains of the country and getting top 1,000 B.Tech students from the top institutions to work for research is a healthy way forward and we are grateful to the FM for his programmes in the segment" says Dr P Sathyanarayanan, President of SRM University

Location: India, Delhi, New Delhi




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