The Budget is in line with the broader objectives of the new government's common minimum programme. |
It is an attempt to maintain the overall pace of the economic activity through higher public investment in infrastructure, agriculture and social sectors with a special focus on primary education and employment generation. |
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For the banking sector, the special emphasis on agricultural credit and micro finance, irrigation programmes, revamping of co-operative banks and RRBs are particularly significant. |
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A thrust on improving supportive agricultural infrastructure like irrigation will go a long way in assuring decent recovery of agricultural loans. |
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The plan to amend Securitisation and DRT Acts to safeguard the creditors' right needs to be implemented speedily as it would give a significant impetus to banks to ensure sustained recovery of their bad loans. |
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