India is set to spend USD 1.4 trillion on developing its infrastructure in the next five years, according to the Union Finance Minister Nirmala Sitharaman. The move is seen in the backdrop of the country’s ambitious goal to become a USD 5 trillion economy by 2024.
It’s a bold and gamechanging Budget; the government has focused on higher spending in rural economy, agriculture, housing and infrastructure, and yet maintained the best standards of fiscal prudence. The Finance Minister has kept in mind the need to continue with strong economic reforms, promote higher investments and accelerate growth, particularly is sectors such as railways, roadways, and solar energy. It is a very good budget, I would like rate to 8 out of 10.
Chhattisgarh has formally joined the -æUDAY-Æ scheme for revival of debt-laden discoms. The scheme is optional and can be operationalised by signing a pact between states, state discoms and the Centre.