Jharkhand has mainly one thing to cheer about the budget and that is announcement of setting up of a Biotechnological Research Institute in the state capital Ranchi.

Further, it is advisable that small and medium industries of Jharkhand should take advantage of the finance ministers announcement that they will be allowed to get listed with the MSME (Micro and Small Medium Enterprise) Exchange without making a public offer.

The minister’s anxiety for investment from within the country and through FDI, particularly the need of US $ 75 billion to finance the current account deficit (CAD) is a major challenge.

Jharkhand has a clue in Finance Minister’s concern for reducing imports of coal. Now since the state is under president’s rule, Centre must focus on mining coal from Jharkhand and reduce the import bill. Some innovative schemes to attract FDIs by opening up of coal mines and some other minerals could be a boon to mineral-rich states like Jharkhand,Cigarettes, SUVs and smart phones to cost more.

The minister has by and large maintained the status quo: no change in peak tariff rates, no change in tax slabs etc. No drastic measures or reform proposals appeared in the budget.

Some measures like setting up of a nationalized Women Bank pre-dominantly employed, operated and managed by women or Sports Institute for Training of Coaches at Patiala, etc. are welcome signs in the direction of women and youth empowerment.

Some measures like setting up of a nationalized Women Bank pre-dominantly employed, operated and managed by women or Sports Institute for Training of Coaches at Patiala, etc. are welcome signs in the direction of women and youth empowerment.