Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP pointed out that that as per the popular expectation, health was given a prominent platform and was the “first pillar” of the Budget Speech. “Health budget has been increased by around 138 per cent is definitely a welcome move,” he said. “There are other steps which are on the expected line – the increase in FDI limit for insurance companies from 49% to 74% was overdue. However, the response is to this is to be seen since still the majority in board and conditions of independent director have been stipulated. The setting up of DFI is inevitable if the infrastructure target is to be met. The asset reconstruction company to buy and resolve stressed portfolio is a much-needed one especially with stressed assets expected to reach 14%. Recapitalization of PSU Banks with Rs 20,000 crore seems to be on the lower side,” said Vijayasarthy.