Permitting FDI in higher education sector will attract investment to that sector

Also hike in Deposit Insurance Cover to 5 lakh could boost the confidence in the banking sector and withdrawal of Dividend Distribution Tax is a great move that can boost investments.

Feb 01, 2020 08:02 IST India Infoline News Service

The budget looks balanced for me and the intention is clearly to get the economy back on track. Reduction of personal income tax slabs will provide more money for consumption to the middle class segment . For the banking sector also it was a welcome budget as measures were introduced  to monitor the health of commercial banks. Also hike in Deposit Insurance Cover to 5 lakh could boost the confidence in the banking sector and  withdrawal  of Dividend Distribution Tax  is great move  that can boost investments.

Another attraction was the attempt to increase rural jobs and thrust on rural health , education , solar energy , affordable housing and women programs. The education on skill set development can play a significant role in rural job generation.  Also Permitting FDI in higher education sector will attract investment to that sector.

Apart from that  schemes like Fazal Bhima Yojana and Kissan Udaan could boost the agriculture sector and can play a role in reviving the economy.

K. Paul Thomas, Chairman CII Kerala State Council & MD ESAF Small Finance Bank

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