Union Budget ~ Balancing fiscal consolidation with growth
The Finance Minister has done a great balancing act in a rather difficult year. He has promoted manufacturing industry by proposing an Investment Allowance. Further to prevent revenue leakages and augment revenue resources he has come out with a number of innovative measures which while being ingenious.
He has sought to promote investment in infrastructure by issue of tax free bonds, freeing up NELP blocks, referring stalled infra projects to the CCI and increasing tax holiday period for power sector. In addition several measures to boost investments, savings and capital markets should yield handsome dividends as the year rolls by.
We present an in-depth analysis of the key budget proposals.
Read the detailed analysis here :