We are growing at over 7% and you cannot accelerate growth with many Indians in the BPL category, Kant
The Dollar Business Bureau India needs to accelerate its economic growth, and in order to materialise it, the country must lift vast number of people out of poverty, Niti Aayog CEO Amitabh Kant said on Wednesday. "We are growing at over 7 per cent. We need to accelerate growth...The real challenge is that you cannot accelerate growth rate if vast number of people are living below poverty line," he said when speaking at the Tata Trusts, Tech 4 Transformation conference. Laying importance on the power of innovation and harnessing the power of technology, he said, ‘India has become integral part of the global supply chain and to maintain the rapid acceleration of growth, we must focus on social sectors like education and healthcare.’ He ...
Industry welcomes the something for all Budget
The Dollar Business Bureau The Finance Minister Arun Jaitley presented the Union budget 2017-2018 on Wednesday in the Lok Sabha. This was the fourth budget by the current government. “The country will boost spending in rural areas, on infrastructure and for fighting poverty”, he said in his introductory speech as he unveiled the annual budget. Experts, analysts and people from industry have welcomed the budget, which is mainly focused on the rural sector, MSMEs, infrastructure development and digitisation. “One of the thrust areas of my tax proposals is to stimulate growth, give relief to the middle class, (promote) affordable housing, curb black money, bring transparency in political funding and simplify tax administration,” Jaitley said. Commenting on the Budget, Dr Didar Singh, Secretary General, FICCI, said, “The government ...
Union Budget 2016: Rural population to benefit the most'
The budget has announced a 28% jump in the funds for the rural transformation, allocating the Rs.38,500 crore for the MGNREGA The Dollar Business Bureau Union Finance Minister Arun Jaitley during an interactiion with media persons post Budget release in New Delhi on Monday The Union Budget 2016-17 focuses on the improvement of the farmers lives and boost the poor and boosting the rural economy with plans to double the income of farmers income. In a post budget speech, Finance Minister Arun Jaitley said, After several years we have reached a position where the actual developmental expenditure will exceed the budgetary estimates. The Budget has also announced measures for the small tax payers, which the Finance Minister said would benefit more than two crore ...
