Towards a digital future
The Union Budget 2017-18 will help propel the country towards a digital future with the finance minister leveraging the digital theme in every part of it. Providing universal access to financial services beyond just banking will get a fillip, as will internet infrastructure via increased allocation to high-speed broadband projects, providing broadband access in 150,000 gram panchayats and the DigiGaon initiative. The encouragement to SIDBI will again lead the way for other institutions to create innovative financial products that leverage the public infrastructure like Aadhaar and help improve lives. On the demand side, incentives for labour-intensive sectors—ranging from footwear to housing, commitment to reforms to streamline labour laws and easier access to credit for SMEs via MUDRA—will help accelerate job creation.
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