Prateek N Kumar, CEO & Managing Director, NeoNiche Integrated shares his views about the Union Budget 2016:
The Union Budget 2016 announced today is well thought of in terms of focusing back to few key areas, Particularly liked Rs. 2.87 cr to village panchayats & increased allocation for PMGSY, MNREGA, rural electrification etc will transform rural India. Budget focusses on agriculture and farmers. Farmer income to be doubled by 2022 & largest ever agriculture credit of Rs 9 lakh crores proposed.
This budget also focus on Road connectivities and uplifting of Infrastructures with Rs 97,000 Crore boost ,there is also something for the common Man with HRA Tax relief being increased now. However, We could have done more for healthcare with Medical exception to be increded to atleast Rs.50,000 to be realistic in todays time. (Also Read- Union Budget 2016: Budget focused on rural development says Narendra Modi)
Dividend Tax has been reduced and Women Entrepreneurship special in tribal areas gets boost, Overall a sombre and positive looking budget looking at current global cues.
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