Budget 2017_ a three-pronged mission – livemint

Rural development, housing, and infrastructure are the standout themes of the budget for next fiscal. Orbit sprinkler timer troubleshooting The think-through seems to be increased spending in these areas would hopefully provide some kicker to consumption in the medium-term.

Indirect taxes haven’t been tinkered with, and that’s understandable given the imminent implementation of the goods and services tax (GST) in the second quarter of next fiscal.

Within rural development, improving the long-term sustainability of agriculture seems to be a key mission. Landscaping tools names To wit, there is a substantial 25% increase in MNREGA spending and an Rs8,000 crore jump in allocation for rural housing to Rs23,000 crore. Fantasy baseball mock draft espn Then spending under the Pradhan Mantri Krishi Sinchai Yojana will increase 40%, the corpus of the long-term irrigation fund set up in NABARD will double to Rs40,000 crore, and a separate Rs5,000 crore fund focussed on micro-irrigation is being set up.

Additionally, the proposal to enhance the coverage of the National Agriculture Market (e-NAM) will, in the long run, help farmers secure better prices for their produce. Yankee stadium capacity Also, the increase in coverage of the Pradhan Mantri Fasal Bima Yojana from 30% of cropped area this fiscal to 50% by fiscal 2019 would help make farm incomes more predictable.

The granting of infrastructure status to affordable housing, change in the definition of area from built-up to carpet area, relaxation in the area limit for regions in the peripheral areas of metros, and extension of period for claiming tax deduction for affordable housing projects from 3 years to 5 years should make affordable housing projects more attractive to developers. Spring training locations That, in turn, would increase supply and work towards the objective of achieving the vision of ‘Housing for All’ by 2022.

On the downside, investment demand for houses would be hit further by the move to restrict set-off of loss under income from house property to Rs2 lakh for any assessment year.

On the infrastructure side, overall budgetary spending is proposed to be increase by 10% to Rs3.96 lakh crore. Sprinkler supply company The budgetary support towards highways has been significantly hiked to Rs64,900 crore compared with the revised estimate of close to Rs52,500 crore for the current year. Hit by pitch This step-up in spending would improve award of road project and their execution.

The 22% rise in budgetary allocation will drive investments in railway infrastructure projects. Pitched roof types The creation of a new fund to augment rail safety also tackles a much-neglected area. Softball nz The proposed move to take up select airports in tier-2 cities for operation and maintenance under the PPP mode is also directionally positive.

On the downside, the budget lacked big ideas to boost consumption, which would be a disappointment for consumption-oriented sectors. Garden spider pictures The reduction in tax rates for tax payers in the lowest tax bracket should put an additional Rs15,500 crore in the hands of consumers, but this, by itself, is unlikely to give a material boost to consumption. Yankee stadium tours Larger corporates would be aggrieved as they have not been granted any tax relief. Rules of softball The lack of announcement of specific steps to tackle the twin balance sheet problem (banks saddled with bad assets and firms struggling with high leverage) was also bit of a letdown. Garden of the gods hiking The reduced allocation to key schemes focused on urban rejuvenation – AMRUT and Smart Cities – was surprising, considering the imperative to develop cities.

All in all, the budget does a good job of further driving the inclusion and sustainability agenda of the government with the limited fiscal leeway available. Basketball wives season 5 episode 4 The policy focus on affordable housing, roads, and MSMEs, should also help in boosting employment as these sectors have a high labour intensity. Cbs sports fantasy football today Creating jobs is a key worry for the government, as ~1.5 million people are entering the labour force every month, with most of them seeking jobs.

One would watch out for further steps over the next few months to fix critical issues constraining the economy – such as the twin balance sheet problem – and develop mechanisms for tracking outcomes from schemes announced in the past 2-3 years.

Nagarajan Narasimhan is Senior Director at CRISIL Research. Diy backyard landscaping ideas CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services