-Dr. Arun Singh, Global Chief Economist, Dun & Bradstreet.
- “Extension of ECLGS upto March 2023 is in line with broader expectations and certainly supports MSMEs in the pandemic time”
- “Successful execution of various announcements under PM Gati Shakti has potential to kick start economic recovery and provide sustainable growth, also create impactful infrastructure in the country”
- Revamp of CGTSME is a long pending issue and will help banks to extend lending to MSMEs in the country.
- “Chemical-free natural farming and use of Kisan drones will help in increasing the farm productivity”
- “Logistics sector set to get benefit from the data exchange amongst all mode operators”
- “Bringing 100% of post offices on the core banking system is a welcome step and will help financial inclusion of marginalized people”
- “This budget, like last few years, is focusing extremely on much needed physical and digital infrastructure which is going to create multiplier impact and sustainable growth path for the country”
- Extension of the government backed Emergency Credit Line Guarantee Scheme to alleviate working capital constraints”
- “ebill system would lead to timely payment by central ministries and would ease the pressure of delayed payments”
- “The extension of Emergency Credit Line Guarantee Scheme is in line with the pre-budget expectations and comes a relief measure to MSMEs as new variants of the virus continue to induce business disruption and prolong recovery”
- “Voluntary winding up of companies from 2 years to 6 months to attract foreign investments at a time when global liquidity is expected to move away from emerging markets”
- “Significant surge in funds allocation towards capital expenditure is going to provide a big push to infrastructure sector in general and capital goods sector in particular”
- “Fiscal deficit is in line with expectation for FY22, however, for FY23, this looks optimistic given expenditure plan”
- “Bringing data exchange among all-mode operators on the Unified Logistics Interface Platform will aid in achieving the government’s aim of reducing the logistics cost by 5 percentage points of the GDP over the next five years”
- “Green goals to get a boost from Sovereign Green Bonds; an innovative way to finance green infrastructure through raising capital at low cost from global investors”
- “Reduction of overlapping compliances will support in easing compliance burden and help ease of doing business”
- “Introduction of Digital Rupee by RBI using blockchain tech follows path of other global central banks”
- “Taxation of Virtual Digital Assets (NFTs, Crypto, etc), without setoff of loss with any other income, an indirect approval for crypto currencies”
- “With reductions in MAT for co-op, government provided tax breather”
- “With high-level committee of urban planners, real estate sector set to get the benefit on the long term basis”
