Monday, December 11, 2023

Budget – 2021: No relief for small and medium traders: Jamshedpur Chamber

Mail News Service

Jamshedpur, Feb 2: Jamshedpur Chamber of Commerce (JCC) has expressed disappointment over Budget – ’21 stating that there was no relief for small and medium class traders. The JCC officials stated that small and medium businesses had suffered the most during the COVID period but no provision had been made for their regaining financial ground. “The complexities and confusions of GST were expected to be simplified but nothing of that sort has happened in the budget,” observed JCC patron Mohanlal Agrawal. Harvinder Singh Mantu said, “The income tax relief slab should have been raised to Rs 10 lakh, provisions should have been made for special loans to businessmen and traders but the budget did not touch on these vital issues. It is indeed very disappointing.”

Shankar Mittal, Manoj Khatri and Kamal Agrawal were of the view that in the budget proposal there should have been provisions for pension to traders and businessmen, insurance and many other zones a demand for which had remained long standing. They said that these areas were also overlooked thus leaving traders peeved.

Other JCC officials who participated in the discussions included Manoj Khatri, Gurjit Singh Santi, Ramesh Ganeriwal and others.

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