The detailed budget speech, one of the most comprehensive ones in recent past did have some significant positives for sectors like Infrastructure, Power, Banking and NBFC, Agriculture reiterating her focus on Affordable housing, Education and Healthcare sector.
This year's budget has primarily focused on three key sectors namely agriculture, healthcare and infrastructure. The proposed plan of the government to provide 10 crore poor and under-privileged people with a medical treatment coverage of up to Rs 5 lakh is indeed a laudable step which will alleviate the problem of the poor to a very large extent as healthcare has always been a problem for most of the population.
The Union Budget 2018 has struck a fine balance between fiscal prudence and providing growth boosters to the economy. It is a progressive budget and in line with the development priorities of the Government. The Finance Minister has made a strong attempt to pump prime the rural economy, agriculture and infrastructure sector.
It is a long standing problem that end-users from the heavy machinery industry are facing an information gap, difficulty in financing, comparison of products, buying spare parts, and there is no one-stop solution available.
The Maharashtra Government on June 30, 2015 signed a Memorandum of Understanding (MoU) with Blackstone and Panchshil SPV for three projects worth Rs 4,500 crore and for generation of around 50,000 jobs. State Chief Minister Devendra Fadnavis reeled off opportunities in the state, along with reforms for ease of doing business.