Budget 2021 is ‘visionary’: India Inc.

As expected health has been given a prominent platform and was the first pillar of the budget speech and has increase in allocation of around 138% is definitely a welcome move. There are other steps which are on the expected line – the increase in FDI limit for insurance companies from 49% to 74% was over due. However the response is to this is to be seen since still 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. 5 lac cr of debt portfolio has been set over a period of 5 years has been set.