Fiscal and Monetary Policy – Highlights and Takeaways for MSMEs and Start-ups
By Alastair Pavrey The Union Budget and the Monetary Policy have made February an important month for MSMEs, with various policies and measures announced to boost the sector. The Government and RBI together hope to make the sector as a catalyst to the growth of the Indian economy, through key structural reforms. The Union Budget 2018-19: Finance Minister Arun Jaitley presented the Union Budget 2018-19 on February 1 st , amidst the backdrop of the current economy recovering from the twin shocks of Demonetization and rollout of the Goods and Services Tax (GST). The budget provided major benefits to the agriculture and rural economy with a focus on employment and infrastructure creation. The MSME segment also came out as a winner with some important and helpful policies, in addition to steps towards a more inclusive economy. The government has increased spending which will boost consumption, production, and investments. The highlight to the budget...