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Dr.Chandrasekaran - "Modi's Gift to Farmers,Middle-Class and MSME sector"

Dr Chandrasekaran is a Coimbatore based Professor, who is also an Investment & Financial advisor, Economist and Political Analyst.

"The Budget has addressed concerns of farmers and the salaried class by providing relief to small and marginal farmers up to Rs 75000 crores and interest subvention up to 5% in the event of natural calamity" he said while referring to the government's move to address the farmers and agrarian crisis by providing Rs 6000/ Hectare every year. 




                                                                      
This budget saw such sops like Annual pension of 6,000 will be given to the farmers who have land less than 2 hectares under the scheme Pradhan Mantri Kisan Sammal Nidhi. Indian farmers affected by natural calamities will be provided interest subversion of 3% of loans. The government will also provide 2% interest subversion for farmers in animal husbandry. One lakh digital villages in India will be planned in the next 5 years. 25 percent of the total sourcing for government projects will be from Indian MSME sector. And 3% of this 25% will be from women entrepreneurs.

He added,"Exempting income tax for income up to 5 lakhs is a great relief to the salaried class. Both these are significantly consumption positive and augur well for overall tax collections in FY 20. This Govt focused to satisfy three set of people such as farmer, Salaried people and MSMEs". 

Dr Chandrasekaran also added, "While there is a marginal slippage in Fiscal deficit target for FY 19, the approach towards consolidation has been diluted for FY 20 on account of farmer relief. The net borrowing programme doesn't appear alarmingly high. How this govt or new govt going to manage this finance is million dollar question.Overall a good budget that delivered on expectations in an election year. Not only this government who ever would be in this time they would have been presented like this only, because of election".

This appreciation from an upcoming investment advisor is a great boost to the Modi led NDA government leading towards the Indian General Elections in April-May.This thumbs up from an financial advisor clearly shows Indian Economy under Modi is Vibrant.

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