Divesting stake in LIC a leap of faith; I-T structure now more complicated

Allocations to various sectors have been done to the extent the government could given the limited spending room. So, most of the government's favourite themes have got a decent budgetary spend

The Budget has a bigger vision in place and is not focused just on the next fiscal. There is a larger economic vision and the government is trying to push that. One needs to look at the work that is being dome done in roads, infrastructure, financial markets, divestment etc. This is the larger picture and the government is putting the public assets to good use. The idea for this had been articulated long ago. The corporate tax structure is such that there are less inventions now and more compliance. That’s the vision this government is working with.

Allocations to various