The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.
Tag: budget
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Deepak Premnarayen, President, Indian Merchants Chambers
The Budget is likely to continue its pro-poor image with a slew of concessions for agriculture, skilled labour and the rural sector, along with incentivisation to move to a digital payment economy. Employment-related incentives are likely to go up considerably.
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Pradeep Misra, Chairman and Managing Director, Rudrabhishek Enterprises Pvt Ltd
We have a lot of positive expectations from the upcoming Budget 2016-17. My thoughts are focussed on three major points - transparency on GST, encouraging the Real Estate Regulation Act (RERA), and REIT.
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Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
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Not all Disruptive Actions are Transformational
We do live in unusual times. Some of us may be inclined to call these disruptive times. Technologically speaking, we may be close to achieving disruptions in Internet of Things and Artificial Intelligence.
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400 railway stations to get Rs.100 crore makeover
If Indian Railway Ministry sources can be believed, the government will spend nearly Rs.100 crore to develop 400 railway stations that were announced in the Railway Budget. India´s railway stations, defined by surly staff, cheap tea, and filth carefully hidden in corners are set to become glossy, clean, and like airports.
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Last mile connectivity to and from Metro stations is an area of concern
When the construction work of the Metro was started in Kolkata and later in Delhi, Indian engineers did not have the required experience to execute projects of such mammoth proportions. For the Delhi Metro, we had hired a consortium of foreign engineers who had supervised our first phase of construction
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Iron ore traffic falls by 28per cent at major ports
Iron ore traffic, including pellets, at major ports saw a sharp fall of 28 per cent in financial year 2015-16 as imports declined because of weak demand. Total iron ore cargo fell to 13 mn t from 18 mn t a year ago.
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Technology evolution is the rule of any industry
Kalmar, part of Cargotec, offers the entire range of products for port and marine logistics. We supply quay cranes, RTGC, ASC, straddle carriers, shuttle carriers, reach stackers, empty container handlers, forklifts, terminal tractors and automatic stacking cranes.We also provide handling solutions to heavy industries and rental segment customers
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Budget 2016: Going under the hammer
The government will start auctioning three ultra mega power projects (UMPPs) before March this year, attracting an investment of Rs.90,000 crore, budget documents said.