By Harsh Khara
The power of social media has brought out a lot of closet 'budget experts' who have stressed on how good or bad the budget was, we thought we would tell you what it means to YOU! We make it simplistic.
The power of social media has brought out a lot of closet 'budget experts' who have stressed on how good or bad the budget was, we thought we would tell you what it means to YOU! We make it simplistic.
Q1) Are you satisfied with the budget?
Ans) In the current economic situation of the country the finance minister has done an excellent balancing work. The budget is directional in nature since it articulates the government's intent for encouraging investments and also demonstrates an attempt of fiscal consolidation which eventually will address the greater macroeconomic issues.
Q2) From a student's perspective, how does the budget effect me?
Ans) A contained fiscal deficit will help in controlling the consumer price inflation and accordingly the purchasing power available to the student will not get eroded.
Q3) What according to you is the way forward?
Ans) The way forward is to encourage the investments in the economy which in turn will lead to increasing employment opportunities. Such an improvement in the economic climate will get reflected into the material well being of the citizens of the country.
Q4) The budget was very infrastructure oriented. Comments?
Ans) Infrastructural bottlenecks have widespread ramifications on the economy. In order to fix the economy it is a absolutely essential that these bottlenecks be declogged. Infrastructure creation requires substantial increase in investment outlays. Over the years the investment outlays were dwindling and also the decision making required for execution of infrastructure projects was not visible. The present budget has demonstrated the intent of the government to ensure prompt execution of such projects. To facilitate infrastructure financing banks are encouraged to raise long term resources to fund long gestation infrastructure projects.
Q5)What is the focus of the government when it comes to higher education?
Ans) The government is clearly focused for leveraging the demographic dividend of India. The finance minister has also announced the setting up of 5 new IITS AND IIMS in addition to that a new AIIMS have been contemplated to be set up in this financial year. These steps will go a long way in strengthening the technically skilled man power resources of the country.
Q6)There has been an allocation of a 100 crores per IIT despite the relatively newer ones not becoming fully functional and lagging behind in terms of infrastructure and other resources. What does this signify?
Ans) The budgetary allocations announced through the budget is a statement of intent of the government of India. These institutions take little longer to establish themselves and create value according to their potential. To ensure that the full potential gets exploited, it is for the management of these institutes to provide required enablers. If we go back in history of similar educational institutions located at upcountry locations we'd probably observe that institutions have flourished at locations not popularly known sheer by virtue of the commitment of their respective faculties. It is expected that the dedicated core teams of new IITs will make a substantial difference in the days to come.
Interview of Mr. Dinesh Khara [MD & CEO, SBI Funds Management Pvt Ltd. (SBI Mutual Funds)]
We hope the little interview we conducted helps you understand the budget more. We understand that people are interested but lag behind in their understanding of the budget. Count on us to help you out.
Ans) In the current economic situation of the country the finance minister has done an excellent balancing work. The budget is directional in nature since it articulates the government's intent for encouraging investments and also demonstrates an attempt of fiscal consolidation which eventually will address the greater macroeconomic issues.
Q2) From a student's perspective, how does the budget effect me?
Ans) A contained fiscal deficit will help in controlling the consumer price inflation and accordingly the purchasing power available to the student will not get eroded.
Q3) What according to you is the way forward?
Ans) The way forward is to encourage the investments in the economy which in turn will lead to increasing employment opportunities. Such an improvement in the economic climate will get reflected into the material well being of the citizens of the country.
Q4) The budget was very infrastructure oriented. Comments?
Ans) Infrastructural bottlenecks have widespread ramifications on the economy. In order to fix the economy it is a absolutely essential that these bottlenecks be declogged. Infrastructure creation requires substantial increase in investment outlays. Over the years the investment outlays were dwindling and also the decision making required for execution of infrastructure projects was not visible. The present budget has demonstrated the intent of the government to ensure prompt execution of such projects. To facilitate infrastructure financing banks are encouraged to raise long term resources to fund long gestation infrastructure projects.
Q5)What is the focus of the government when it comes to higher education?
Ans) The government is clearly focused for leveraging the demographic dividend of India. The finance minister has also announced the setting up of 5 new IITS AND IIMS in addition to that a new AIIMS have been contemplated to be set up in this financial year. These steps will go a long way in strengthening the technically skilled man power resources of the country.
Q6)There has been an allocation of a 100 crores per IIT despite the relatively newer ones not becoming fully functional and lagging behind in terms of infrastructure and other resources. What does this signify?
Ans) The budgetary allocations announced through the budget is a statement of intent of the government of India. These institutions take little longer to establish themselves and create value according to their potential. To ensure that the full potential gets exploited, it is for the management of these institutes to provide required enablers. If we go back in history of similar educational institutions located at upcountry locations we'd probably observe that institutions have flourished at locations not popularly known sheer by virtue of the commitment of their respective faculties. It is expected that the dedicated core teams of new IITs will make a substantial difference in the days to come.
Interview of Mr. Dinesh Khara [MD & CEO, SBI Funds Management Pvt Ltd. (SBI Mutual Funds)]
We hope the little interview we conducted helps you understand the budget more. We understand that people are interested but lag behind in their understanding of the budget. Count on us to help you out.