Thursday, February 25
Home>>Guest Column>>On Budget 2021-22
Ram Kewalramani (Co-founder & Managing Director
CredAble)

A mid unprecedented times where COVID- 19 economically affected the entire world, the budget was expected to focus more on the financial backbone that kept the cash. flow for aligned sectors and those in need. Although the major focus being healthcare, infrastructure, and agriculture, the financial institutions could have got a cushion from the government. Looking at the fiscal deficit for 2020-21, which is approx. nine range, the government now needs to find the means to execute the emphasized projects, with ease. The budget missed out on the supply chain enterprise that keeps the consumption drive intact. Cash requirements for the short run. especially for small as well as large business houses remain untouched. Besides, the additional cess has been proposed on both petrol and diesel, which will only add to the cost of goods and services. The focused projects announced for infrastructure which may help stimulate demand. in the long run, will also be subject to implementation effectiveness.

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