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Budget 2021 Live: Bold Budget That Depends On Execution, Execution, Execution: Uday Kotak

BQ’s top editors offer quick takes on key budget announcements as the Finance Minister speaks in Parliament.

A highway stands under construction near the Jawaharlal Nehru Port in Navi Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
A highway stands under construction near the Jawaharlal Nehru Port in Navi Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
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Uday Kotak On Yields, Bad Bank, DFI And Execution

By Menaka Doshi

Just got done speaking with CII President and Kotak Mahindra Bank Vice Chairman Uday Kotak. Three key words he used to describe the budget...

BOLD: For taking the fiscal deficit leap and focusing on infra spend.

TRANSPARENT: For bringing off-balance sheet expenditure items on the books (like subsidies etc).

EXECUTION: Now to make this infra bet work.

Will yields harden further?
What will it take for a DFI to succeed?
What about the bad bank, rather ARC?

For Kotak’s answers watch the interview below...