City
Epaper

Budget to create opportunities, unlock multipliers for economy: BSE MD and CEO

By IANS | Updated: July 23, 2024 19:05 IST

New Delhi, July 23 Sundararaman Ramamurthy, the Managing Director and Chief Executive Officer (CEO) of the Bombay Stock ...

Open in App

New Delhi, July 23 Sundararaman Ramamurthy, the Managing Director and Chief Executive Officer (CEO) of the Bombay Stock Exchange (BSE) lauded the Union Budget and its nine priorities for thrust on the middle-class and inclusiveness of all segments including poor, youth, women and farmers – the four pillars of ‘Viksit Bharat’, as often underlined in PM Modi’s speeches.

The MD and CEO of the country’s leading stock exchange said that he finds the Budget “forward-looking, equitable, middle class-oriented, all-inclusive budget covering poor, women, youth, and farmers.”

In a video message, Sundararaman Ramamurthy said, “The Finance Minister's seventh straight budget has its objective 'Viksit Bharat'. With clear emphasis on nine priorities, it lays down the road map for infrastructure development, startups, SMEs, job creation and skill development, innovation.”

The BSE MD and CEO expressed confidence that the government’s focus on jobs creation across various segments will set new benchmarks and also have multiplier impact on the economy.

“This will usher in new opportunities, uplift demand, and unlock multipliers for the economy, including long-term capital formation with fiscal products,” he said.

The nine priority areas that were spotlighted in Finance Minister Sitharaman’s Budget included - productivity and resilience in agriculture, employment and skilling, improved human resources, social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development, and next-gen reforms.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Cricket"It was a top win, especially looking at the surface": Virat Kohli reflects on RCB's victory over DC

CricketRoyal Challengers Bengaluru tops point table after six-wicket win over Delhi Capitals

FootballLiverpool becomes Premier League champions for 2024-25 season

CricketIPL 2025: Heated Exchange Between Virat Kohli and KL Rahul During RCB vs DC Match; Video Goes Viral

Other SportsI was desperate to win for the most beautiful club in the world, says Liverpool captain Van Dijk on PL triumph

Business Realted Stories

BusinessSolid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath

BusinessPiyush Goyal lashes out at Big Pharma for evergreening patents

BusinessSEBI joins DigiLocker to reduce unclaimed assets, protect nominees’ interests

BusinessOver 170 million lifted above poverty line in India, Modi government and Congress claim credit

BusinessIndia, as fastest growing economy, is ideal investment destination: RBI Governor