An InfraNirbhar Budget!

Infrastructure Urban

The Finance Minister has voted for growth. Faced with adversities at hand, she delivered a positive outlook to mend India’s economy and nurse it back to health.

She has tried to plug all the leaking holes in the economy. For rising NPAs, she has proposed asset reconstruction that would take over existing stressed debt and then manage and dispose of the assets to realise value. She has also recapitalised public-sector banks by Rs.200 billion. For the DISCOM distress in the energy sector, she has proposed a revamped reforms-based, result-linked power distribution sector scheme that will be launched with an outlay of Rs.3.06 trillion over five years. The scheme will provide assistance to DISCOMS for infrastructure creation, including prepaid smart metering and feede