D👑Queen: What about energy infrastructure? Anything else for companies to note?
⚖Advocate VV: Interestingly, nuclear power was given a thrust in this Budget 2016 with an augmentation plan for the next 15-20 years.
Reforms in Foreign Direct Investment policy in areas of asset reconstruction companies, stock exchanges and insurance & pension were announced. In my opinion, cement companies would have liked😃 this Budget❗ Lot of infrastructure spend, smart city incremental spend and rise in allocation under Pradhan Mantri Gram Sadak Yojana and extension of excise duty exemption for concrete mix at site. Plus, no change in exercise duty structure for cement are all signs of hope🙏 for the cement industry without doubt❗
⬆ ✅ Overall, the Budget 2016 was big on infra - something expected by the Modi Government .