A populist but positive Budget, says Thermax CEO MS Unnikrishnan

The change in income tax slab for micro, small and medium enterprises (MSMEs) is a bold move

This is an election Budget, targeting the forthcoming state and central elections. The focus has been more on agriculture and infrastructure, issues that will matter to the electorate next year. The allocation of funds for connecting major highways and agricultural markets to the National Highways Authority of India and other agencies is a positive move. 

The Railway Budget announcements are also a positive move, the double line track for Mumbai rail and allocation for the Bengaluru Metro. This, however, should reach the implementation stage and not remain on paper only. Incentives for localisation of electronic goods with duty change