Budget 2019 has adequate funding for ongoing projects: Vinayak Chatterjee

Two: Indications that the tilt in the interim Budget will be towards agriculture and social sectors.

Three: Funding needs of ongoing projects make a huge demand on budgetary outlays. The government has increased budgetary and extra-budgetary expenditure on infrastructure from Rs 55,000 crore in 2014-15 to almost Rs 6 trillion in 2018-19.

Taking all this into account, the fear was that outlays for infrastructure might be curtailed. So, how has the interim Budget delivered? For the infrastructure sector, it has been a relief. There is a clear focus on implementation. It provides expected allocations across sectors (like the erstwhile Railway Budget) to continue with ongoing works. The message is clear in the vision part of the Budget speech. This is not the time for major policy announcements. Infra players should just get going with the budgetary support provided.This is what we wanted to hear. And, that is what we have got.