Industry & Economy
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Budget
`A boost for infrastructure'
Our Bureau
NEW DELHI, Feb. 28
EXPRESSING his views about the Budget proposals, presented by the Finance Minister, Mr S.M. Dewan, Director General, Standing Conference of Public Enterprises (SCOPE) said that the public-private partnership in the infrastructure sectors of road, rail, airports and seaports, for which there has been an allocation of Rs 60,000 crore under the BOT scheme, would create additional demand for steel and cement sectors.
He said that the PSUs such as SAIL, Cement Corporation of India, as well as the power sector companies such as NTPC, BHEL and PGCIL have welcomed these initiatives as well as the reduction in import duty for power transmission equipment. He added that the PSU employees have welcomed the restart of the LTC scheme and clarifications on calculation of VRS for income tax exemption purposes. Mr Dewan said that the Budget has mentioned that disinvestments is not merely for mobilisation of revenues for the Government, but it is for undertaking and reorienting the governance in more important areas of business.
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