Synopsis
India’s Budget for 2017-18 remained one of the most awaited budget presentations in recent decades where finance minister Arun Jaitley started by underlining the current government’s efforts in putting India on a “transformative mode” through a series of reforms initiated over the last three years. “What is positive is that the middle class, for once, also gets a break through reduced taxes, as well as the small and medium enterprises (SME) sector. India will ramp up spending on rural areas, infrastructure and fighting poverty. Finance minister Arun Jaitley added that the impact on growth from the government’s cash crackdown would wear off soon as well as hardship to people. So he’s trying to mitigate that as much as possible, with some rural schemes and reduction in taxation for low income people.” Calling the Budget “mildly growth supportive,” rating agency Crisil notes: “The Union Budget 2017 has performed a balancing act. The budget has others who see both positive and negative features. “This budget, like all budgets, is a mixed bag, with what appears to be a greater thrust on long-term, systemic reforms than on ensuring growth per se.The priority is on digital transactions and broader digitisation of India. The government is betting big on the BHIM app. India hopes to create a cleaner, more transparent economy via digitalization that will lead to an improved climate for foreign investment, boost economic growth, and ultimately propel the country to the next chapter of its emerging markets story. The Budget announcements by finance minister Arun Jaitley clearly reflect Modi’s confidence that the aam aadmi would support the “bigger moral purpose” behind demonetisation, which now guides various policy measures aimed at “cleansing the economy”. The compiled book entitled ‘Post Demonetisation Budget-2017- Expectations, Apprehensions and Reality’ presents in-depth analysis , insights and key highlights from experts. For convenience of readers the book is divided into the following chapters.Chapter-1: Expectations from Budget-2017, Chapter-2: Economic Survey 2017, Chapter-3: Budget-2017-Opening Speech of President of India, Chapter-4: Fiscal Issues and Chapter-5: Union Budget 2017. Thanks to the original contributors of the articles presented in the book for bringing awareness among the interested readers.
About the Author
Awardwinning Key Note Speaker at International Level, Professor Ajit KumarRoy is an acclaimed researcher and consultant. Prof. Roy obtained hisM.Sc. degree in Statistics and joined Agricultural Research Service(ARS) in 1976. As National Consultant (ImpactAssessment), at NationalAgricultural Innovation Project (World Bank funded) of ICAR. Prior to that hehad served as a Consultant (Statistics) at Central Agricultural University,Agartala. Earlier had served at CIFA, ICAR, as Principal Scientist. At International level he served as a ComputerSpecialist at SAARC Agricultural Information Centre (SAIC), Dhaka, Bangladeshfor over 3 years.
Theauthor with over 45 years of research and teaching experience in StatisticalAnalysis, Analytics, and information & Knowledge management edited eighteenbooks and several conference proceedings. Besides, published over 100 articlesin refereed journals. His recent best-sellers are Facts and Figures ofDemonetization in India-Reactions, Views and comments; Big Data and DataScience Initiative in India- Upcoming Job Opportunities: Big data JobOpportunities in India (Big Data-Series-4 Book 1);'Applied Big Data Analytics';'Impact of Big Data Analytics on Business, Economy, Health Care and Society';'Data Science - A Career Option for 21st Century';' Self Learning ofBioinformatics Online'; 'Applied Bioinformatics, Statistics and Economicsin Fisheries Research' and 'Applied Computational Biology and Statistics inBiotechnology and Bioinformatics'; Emerging Technologies of the 21stCentury.
He is a Member, OrganizingCommittee Board for the 6th International Conferenceon 'Biometrics and Biostatistics' to be held during, November 13-14,2017 Atlanta, Georgia, USA. EditorialBoard Member, Jacobs Journal of Biostatistics, Jacobs Publishers, 900Great Hills, Trail # 150 w, Austin, Texas. He now works as Visiting Professor,question setter and examiner of four Indian Universities.
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