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gap between India and Bharat, the new government has embarked on a major digital
drive. And, the Digital India programme, as announced by Finance Minister Arun
Jaitley in his Budget speech, is but an extension of Prime Minister Narendra Modis
vision of an inclusive India.
Comprising some ambitious programmes, the Digital India programme has been
envisaged to be launched nationwide to ensure broadband connectivity at the village
level, improved access to services through IT-enabled platforms, greater transparency
in government processes and increased indigenous production of IT hardware and
software for exports and improved domestic availability.
A National Rural Internet and Technology Mission for services in villages and schools,
training in IT skills, and eKranti for government services delivery and governance
schemes have been proposed with an allocation of Rs 500 crore.
Traditionally, India has not enjoyed any great reputation of being a business friendly
nation. With a view to breaking this notorious image, an eBiz platform has been
proposed to be floated, which aims to create a business and investor- friendly
ecosystem in India. Supported by an integrated payment gateway, the portal would
make all business and investment-related clearances and compliances round the clock.
A deadline to all Central Government Departments and Ministries to integrate their
services with the eBiz platform on priority by December 31 this year is another welcome
mandate.
The present Budget is, indeed, a breakaway from the traditional format; but given the
zeal of the enthusiasm of the new government for e-governance, this could well turn out
to be just the tip of the iceberg, or an indicator of the shape of things to come, so to say.
Rs 100 crore is provided for Kisan TV, to disseminate real time information to the
farmers
Rs 100 crore allocated for 600 new and existing Community Radio Stations.
Few budgets of independent India have dealt with education at a scale such as Budget
2014. The FM has stressed upon girl education as a way towards women
empowerment. The gift of IITs and IIMs also lays down the governments agenda for
improving the reach and standard of higher education. From traditional Madarsas to
setting up virtual classrooms as Communication Linked Interface for Cultivating
Knowledge (CLICK), there is a clear focus on modernizing educational facilities. The
dearth of good teachers, which was a concern for the Modi government in the Economic
Survey, has also been given ample importance. The FM has proposed to ease and
simplify norms for education loans in the near future. Funds totaling over Rs 35,000
crore have been proposed for improving the quality and infrastructure related to
education in India. How these funds are used and what share rural India gets will be
something to keep an eye on.
A programme for the up gradation of skills and training in ancestral arts for
development Rs 100 crores for Modernization of Madarsas
Rs 500 crore provided for setting up 5 more IITs in the Jammu, Chhattisgarh,
Goa, Andhra Pradesh and Kerala.
government medical colleges will help improve the health situation. Taking up the free
drug and free diagnosis services on priority basis and providing central assistance in
creating new drug testing laboratories could also go a long way in bridging the gaps in
the health sector in India. Though it could have been routed to improving primary,
secondary and tertiary health facilities in the country. Overall, health infrastructure has
still not managed to garner the level of importance it deserves. A robust infrastructure in
health services would not only benefit millions. Cost of health services have increased
multi fold in the last few years. The FM could have introduced some measures to make
health insurance a reality for all. However, this was given a miss. With piecemeal
reforms, health for all may still be a distant dream.
This is one sector that has been given paramount importance in this budget. The focus
is rightly placed as it is a job creating vertical. Banks will now be encouraged to extend
long term loans for infrastructure projects without any regulatory preemptions. This
additional enforcement of banks will result in faster infrastructure creation and lesser
hurdles. The announcement of REITs and Infra Investment Trusts could also act as a
major facilitator for raising equity by bundling operating projects together. The allocation
of Rs 500 crore for setting up 3P India Institution fo rmain streaming PPPs could
potentially revamp the entire framework. The allocation of of Rs.37,880 crore towards
NHAI and an additional Rs. 3,000 crore to boost road connectivity in the North East
regions will have long reaching implications on the cities they connect. The FMs
stresson development of new ports is also a welcome move. As promised in the new
governments manifesto, there is a proposal to create 100 smart cities across India. The
budget has allocated Rs.7,060 crore towards this end, thereby giving a financial sign off
for this concept. This could ensure a flow of foreign investments into India. The budget
has definitely set the tone for revival in this sector. What is crucial is that the coming
days see implementation of these announcements.