Majorfocus on agriculture and farmers’ welfare, Mission to provide LPG connection to poor households, New health protection scheme, increased outlay for infrastructure, 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities. Setting up of 1500 Multi Skill Training Institutes and incen…
Budget 2016
A good socio economic budget; will boost exports | S C Ralhan, President, FIEO
FIEO welcomed the measures announced by the Government to improve the socio economic scenario of the nation. FIEO Chief S C Ralhan observed that some of the measures will have good long term impact on the export sector mainly the announcement to set up 1500 multi skilled training institutes and N…
Budget to boost MSMEs, Startups and job creating Food processing sector
Finance Minister Arun Jaitley, who presented NDA’s second full budget on February 29, seems to have realized after Bihar assembly elections debacle for BJP that it is not enough if only India grew. The growth has to be made more inclusive by enabling Bharat to grow as vast majority of 1.25 billi…
Post Budget Comments of Ashwani Kumar, IBA Chairman & Dena Bank CMD
The budget is well balanced since it gives impetus to long term growth and lays a credible road map of fiscal consolidation. It adheres to fiscal deficit target of 3.5% of GDP and has come out of prudence on the backdrop of global economic conditions with a bundle of tax measures to put private d…
Exporters happy with broad Budget thrust, though wanted specific steps for relief | EEPC India Chairman T S Bhasin
Welcoming the broad thrust of the Budget which realises the headwinds faced by Indian exporters in the global markets, EEPC India Chairman T S Bhasin today said emphasis on rail and road by increased investment along with better port connectivity should help the foreign trade in the long run. Eas…
Anis Chakravarty,Deloitte Lead Economist | More could have been done for MSMEs
The Finance Minister has announced the Budget 2016 largely focused on a healthy dose of circumspection in light of an adverse global economy and a focus on the basic and poorer constituents of the Indian economy. Though there were initial apprehensions on meeting the fiscal consolidation plan, he…
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…
WASME for more flexibility to MSMEs in the Budget
World Association for Small and Medium Enterprises (WASME) seeks a flexible Budget for MSMEs to extend support to the sector’s development. “Without MSME we can’t think of our economy and development. We have to be flexible”, says WASME ED Sampa Banerjee. Government has initiatives like Prime Min…
FIEO asks fiscal benefits for MSME exporters in Budget 2016
Apex exporters body FIEO today suggested the government to extend fiscal benefits to Micro, Small and Medium Enterprises (MSMEs) to boost exports from the sector. MSME sector contributes about 45 per cent to the country’s total exports. “MSME exporters may be provided additional expor…
Amidst a muted global economic scenario, this growth is encouraging | FICCI President on Eco Survey 2015-16
New Delhi, 26 February 2016: The Economic Survey 2015-16 tabled today in the Parliament has highlighted that India’s potential growth rate is in the range of 8 to 10 percent and achieving the same requires a push in three critical areas which are promoting entrepreneurship and reducing the role …