Budget 2021

' A progressive and forward looking budget'

| Updated on January 12, 2018

Pranay Jivrajka, Founding Partner, Ola

Pranay Jivrajka, Founding Partner, Ola

The Budget is progressive and forward looking for a new Digital India. It is definitely a significant move in the interest of India's unique and growing digital needs.

Infrastructure has received a major boost with a record high allocation of ₹3.96 lakh crore. This clearly shows that the Government is serious about giving a major thrust to the sector, which will help in all round development of the country and boost economic activity.

Another key aspect of the budget is the announcement of 3.5 crore youth to be trained under the Sankalp programme. Ola is doing its bit by imparting skills to upwards of 50 lakh drivers over the next five years, in partnership with the Central government, various State governments and skilling agencies.

With e-wallets gaining prominence, and more and more enterprises accepting e-cash, we see cashless India becoming a reality soon. This is further supplemented by the government’s steadfastness on promoting UPI, Aadhaar Pay, amongst other initiatives. As one of the leading e-wallets in the country, Ola Money has partnered with thousands of merchants including utilities, petrol pumps and leading banks over the last year. Seeing the government's focus on formalising this, is both encouraging and in the interest of a new cashless India.

Published on February 02, 2017

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