Jamshedpur: The senior general manager of TSPDL, PK Sahu, today welcomed the Union budget.
He said the sectors that are likely to see an immediate job creation are infrastructure, transport, power, consumer goods, e-commerce, startups and tourism.
�From early indications this budget seems to be pro-reforms and growth focused with a clear long-term strategy for getting back the growth momentum. I expect the budget to have a positive impact on the job market. The measures proposed in the union budget can help create 5-8 million jobs in next 3-4 years across various sectors,� said Sahu.
Sahu further said, �This budget announcements will lead to big savings up to Rs 36000 for income tax payers as it has hiked the basic exemption limit on income taxes from Rs 2 lakh to Rs 2.50 lakh.
It also hiked the cap on long-term investments under Section 80C of the Income Tax Act from Rs 1 lakh to Rs 1.50 lakh and raised the tax-free cap on interest paid on housing loan from Rs 1.5 lakh to Rs 2 lakh.
It also announced incremental steps to boost capital spending and reassure foreign investors that they would get fair treatment.�
