The FM announced five more UMPPs with an expected investment of Rs 1 lakh cr
Investors can deposit yellow metal in govt's Gold Monetisation Scheme and earn an interest
Public sector banks require Rs 2.40 lakh cr capital by 2018 to meet global Basel III norms
The gold monetisation scheme will increase the supply and help in reducing imports of the precious metal, they said
Tax giveaways to companies, investors, and middle class; social sector net expanded for poor; and fiscal deficit target eased to 3.9% amid infra focus
The move will encourage local manufacturing of the vehicles, says SIAM Director General
The govt has announced Rs 1,000 cr to be set aside as initial amount in NITI for start-ups
No MAT for FPIs, relief on GAAR, Sebi-FMC merger are a few of the sweeping changes
He said schemes like 'Universal Social Security System' and 'Atal Pension Yojana' will go a long way in strengthening the social security net in India
Additional deduction of Rs 50,000 on NPS, exemption of transport allowance doubled
They also faulted the govt for not going in for big bang measures in the first budget of the NDA govt to address the stagflation
There is also to be no distinctions between foreign direct investments and foreign portfolio investments
The budget is only for big corporates and industries, it is not a pro-poor budget, said the Opposition
The Rs 5,300 crore support to micro-irrigation is also a highly welcome one, given the difficulties faced by the farmers, it said
Chairman of RP Sanjiv Goenka Group says no Budget in recent times has so courageously tackled so many burning issues
Jaitley also announced setting up of a Task Force to establish a sector-neutral Financial Redressal Agency that will address consumer grievances against all financial service providers
He termed the budget as vision document just like the railway budget, and was "impractical" in nature
He said though lot of funds have been established there was no concrete direction to convert them to solid action plan
Also welcome moves to check black money menace
While seeking to spark an investment-led boom, the Budget was short on structural reforms, as the govt left major welfare schemes untouched