Reacting to Interim Union Budget provisions announced by Finance Minister Piyush Goyal in the Lok Sabha on Friday, Prof. Sanjeev Parashar, Dean Academics of IIM Raipur, appreciated the inclusion of provisions regarding low-cost housing as a stimulant of employment.
The Finance Minister has linked the same to an expected growth in the cement, steel and allied sectors which would all drive economic growth , he said in a statement. The Finance Minister also stressed on how the Insolvency and Bankruptcy Code has improved recovery from banks, specifically to the tune of Rs 3 lakh crore , he said.