Shyam Srinivasan Applauds Union Budget


Kochi: The Union Budget presented by Finance Minister Arun Jaitley was a very responsible one which has balanced the conflicting priorities of spawning growth, creating jobs, increasing capital investments, and yet staying true to the fiscal discipline trajectory, according Shyam Srinivasan, CEO and MD, Federal Bank.

Galvanized digitisation on the back of demonetisation has given access to rich data and mining of the same is, for sure, going to help zero in on various tax enhancement opportunities. This combined with a credible disinvestment path should help create the space for the much-required investment in infrastructure, he said.

Strong focus on housing, particularly low-cost housing is going to be a driver of smart development in a range of downstream activities. Equally, the focus on MSME sectors and making it easy for both paying and collecting taxes should bring more into the tax bracket.

In all, a positive and progressive set of policies, and as always, it will boil down to strong and timely execution.