Though conceding some good points in the budget the MD of the largest credit cooperative in the country Mr Sukesh Zamwar stands disappointed when it comes to putting stress on the Public People Participation (PPP model) in the budget.
There is huge scope for the PPP model in the country and I was sad to see no mention of it in the Union Budget presented by the Finance Minister in Wednesday, said Buldana Urban MD Dr Sukesh Zamwar to Indian Cooperative. “Being in the middle of its rule it was a golden opportunity for the NDA govt to try its hand on PPP. Next year the election preparations would begin and govts usually shy away from taking bold decisions”, he added.
He was, however, was appreciative of the fact that this Budget has talked about linking spot market with Futures Market and welcomed the changes in commodity market regulations.
Zamwar also welcomed the idea of Railway bond and saw a huge increase in infrastructural activities. The proposal of disinvestment of PSUs was also welcomed by him.
Zamwar’s major concern was the execution part of the budget. “ According to an estimate more than 40% schemes were not implemented from the last year budget and the govt must ensure schemes it floats come to fruition”, he underlined.
”If you ask me point-blank I would rate it as regular budget with no breakthrough ideas as such”, Zamwar concluded his reaction.
