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Post Budget Reactions From Pankaj Bansal

May 18, 2016
By PeopleStrong Team
Post Budget Reactions From Pankaj Bansal

An unprecedented budget with jobs and growth at the focus. With the focus on Infrastructure (with an increase of Rs.70,000 corers from last year that will ably support Make in India), Entrepreneurship, Ease of doing business and Pin code level job generation (increased investment in MNEREGA scheme that will support rural job creation) the budget on one hand has the potential to generate 10 million jobs. On the other hand it will also help in increasing organized workforce as it encourages first generation entrepreneurs through SETU (Self- Employment & Talent Utilisation fund & MUDRA bank), takes first steps towards universal social security system and brings good news to the lower income groups by proposing contribution to PF optional for low income groups (without impacting contribution from employers) and giving a choice to them to invest in ESIC .

This article was published on niojak

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