New Delhi: Industry has praised Union Finance Minister Nirmala Sitharaman for the General Budget 2021-22 presented in Parliament on Monday, saying it is an extraordinary, clear and holistic document.
FICCI said exceptional
President of the Indian Federation of Commerce and Industry (FICCI), Uday Shankar said that the Union Budget for FY 2021-22 is exceptional and clear-sighted with provisions for accelerating economic growth and employment. This budget will strengthen the foundation of self-sufficient India.
budget is going to give a boost to the economy:ASSOCHAM
Chairman of the Board of Commerce and Industry of India (ASSOCHAM) Vineet Aggarwal said that this budget is going to give a boost to the economy. Efforts have been made to strengthen the foundation of the economy by emphasizing six pillars. However, no pressure has been put on the taxpayers for this. Going forward on disinvestment and allocation of 35 thousand crore rupees in health sector will give a boost to the Self-Reliant India Campaign.
Budget will set foundation stone for a high growth rate trajectory: Manpreet Chadha
“The budget 2021 will set the foundation stone for a high growth rate trajectory. With a clear road map for privatization, the budget proposed CAPEX led to a high trajectory growth story, Mr Manpreet Singh Chadha, Chairman, Wave Group reacted on Union Budget 2021-22.
Retaining tax holiday on affordable housing projects till March 31, 2022, and the proposal to make dividend payments to REIT and InvIT exempt from TDS is a much-needed relief for the real sector. In a difficult time, it’s a very good budget as it has not changed the tax structure, leaving the disposable incomes at the hand of individual unchanged.”
Budget would Improve Farm Prosperity and Double Farmer Income: ICFA
The Indian Chamber of Food and Agriculture (ICFA), has termed the provisions made in the Union Budget 2020-21 as a laudable attempt to improve farm productivity and double farmers’ income by 2022. The Budget has unraveled a slew of measures which would address some of the key concerns of the farmers. In this context, the commitment of the FM to MSP and APMCs is noteworthy. The objective is to improve the purchasing power of the rural populace, augment rural prosperity and promote inclusive growth, ICFA said in the release.
According to ICFA, there is a quantum jump in expenditure on agriculture which is crucial for enhancing farm productivity. A significant rise in procurement for wheat and rice and disbursement to producers of pulses and cotton is commendable.
