Quote on BharatNet, by Mr. Devroop Dhar, Co-founder and Managing Director, Primus Partners

 “The rollout of BharatNet is one of the most critical infrastructure projects, which would have a positive impact on ease of living and service delivery in rural areas. PPP in rollout of the project can help accelerate its implementation with innovative utilization and revenue generating models being brought in. However, the project has seen delays over the year, inspite of the best effort and intention of the government and hence impeccable coordination between both State and Central Government would be needed in ensuring timebound approvals and ROWs in order to meet the target of completion by 2025”.

Quote on 5G allocations by Mr. Devroop Dhar, Co-founder and MD, Primus Partners

5G auctions and launch in FY 22-23 is an important and welcome step. 5G rollout would be beneficial to various segments like affordable healthcare, education and overall government service delivery. This would enable greater access and equity to citizens across the country. Telecom operators had earlier been permitted non-commercial 5G trials by Government and thus we feel that they would now be ready for commercial rollout.

Quote on Central Bank Digital Currency from Mr. Shravan Shetty, Managing Director, Primus Partners

Creation of a blockchain based central bank digital currency while bringing virtual digital assets under the tax net at the highest rate of 30% will help reduce speculative play especially in the cryptocurrency space. The central currency will help bring the benefit of a digital currency to the economy in a structured framework.

Quote on Fiscal Deficit target – Nilaya Varma, Co-founder & CEO, Primus Partners:

Fiscal Deficit Target of 6.4% for the next year is fair from three perspectives. One, it signifies fiscal intervention to sustain growth coming out of pandemic given the limitation of monetary intervention going forward. Two, it shows commitment to longer term term path of sound fiscal stance at 4.5% and third, the accommodative fiscal stance is proposed to increase capital expenditure, which is critical for a growing economy.

Quote on IBC *Mr Adarsh Sharma, Managing Director, primus partners*

As of now, cross border IBC cases are stuck due to various legal hurdles. This is a much needed step and was a key point mentioned in the Economic Survey released ahead of the Budget. FM Sitharaman proposes necessary amendments in IBC structure to promote cross border insolvency resolutions.

Mr Adarsh Sharma, Managing Director, Primus Partners:

We welcome the move on the battery swapping policy. The charging station have been launched at scale and policy, with private companies encouraged to model the swapping. Land resources will also be provided for the same. This is a huge push in the direction to support infrastructure development for use of cleaner energy and responsible environment friendly transportation.

Quote on Real Estate from Ms. Aarti Harbhajanka, Managing Director and Co-founder, Primus Partners

Budget reflects the commitment of the Government, and we are happy to see that Government has resolved to take up long standing issues in Real Estate Sector. It has pledged to reduce timelines for Land & construction approvals as well as expand access of capital along with reduction in cost of intermediaries. Government’s approach for integrated urban development is also commendable. We look forward to recommendations of Urban High-Level Committee ensuring urban development along with sustainability.

Quote on 5G allocations by Mr. Devroop Dhar, Co-founder and MD, Primus Partners

5G auctions and launch in FY 22-23 is an important and welcome step. 5G rollout would be beneficial to various segments like affordable healthcare, education and overall government service delivery. This would enable greater access and equity to citizens across the country. Telecom operators had earlier been permitted non-commercial 5G trials by Government and thus we feel that they would now be ready for commercial rollout.

Quote on Electric Vehicles – Mr Adarsh Sharma, Managing Director, Primus Partners:

We welcome the move on the battery swapping policy. The charging station have been launched at scale and policy, with private companies encouraged to model the swapping. Land resources will also be provided for the same. This is a huge push in the direction to support infrastructure development for use of cleaner energy and responsible environment friendly transportation.

Quote on Digital Banking – Nilaya Varma, Co-founder & CEO, Primus Partners

75 Digital Banking Units in 75 Districts by Scheduled Commercial Banks is a welcome step. These baby steps need to pave the way for unleashing new banking models which are 100% digital, provides better services, lower cost of lending and higher returns to the depositors.

Quote on Logistic by Nilaya Varma, Co-founder & CEO, Primus Partners

“In the long run, a lot of road traffic has to move to other means  for logistic efficiency and sustainable climate. In that context the emphasis on multi modal transport is very important. Having saud that this transition will take time and therefor the expansion of 25000 KM of National Highway will not only help drive efficiency in economy but help drive employments at local levels’.