Jamshedpur : The traders and small scale industrialists in city has evoked mixed response to the Union budget 2011-12 On one side they welcomed the proposed measures of the government while in some areas they find government�s move dull and uninspiring.
Ashish Mathur, managing director, JUSCO said that the Union Budget 2014 is a balanced budget which gives direction to the economy and also gives a roadmap of government�s intention for future. Assuming that there are only six months left in the fiscal year more specific detailed plans were not expected.
As a common man �I am happy with the relief announced in Personal Taxes or under section 80C. The increase in tax benefit on home loan interest will boost up real estate sector and the direction towards infrastructure revival which includes the development of smart cities is the need of the nation.
There are many areas which essentially indicates large scale employment generation through increased manufacturing activities and at the same time the Hon�ble Finance Minister has carved out interesting schemes for the rural and agricultural sectors. The continuation of decentralization of institutes like AIIMs and IIMs another welcome steps. Overall a good promising budget�.
Welcoming the budget E. Abraham., SJ, Director XLRI, Jamshedpur said: “We welcome the Finance Minister’s proposal to easen and simplify norms to facilitate higher education loans for higher studies. This is a step in the right direction as it will encourage students to dream and aspire to take up professional programs.
The proposal to set up 5 new IIMs and 5 more IITs will definitely bolster the professional education ecosystem in the country and also help the respective states in their economic progress. It is heartening to note that the govt will be spending around Rs.28, 000 crores for sanitation in primary schools.
The state of sanitation and hygiene in many of our primary schools is quite below par and definitely needs a lot of improvement. The proposal to establish Rs.10,000 crore fund for encouraging entrepreneurship in the MSME sector is a bold move and will certainly encourage youth to take greater risk and undertake new ventures and thereby cater to needs of underserved sections of society.�
The Singhbhum Chamber of Commerce and Industry ( SCCI), the leading trade outfit of Kolhan which had organised a live telecast of the Union budget at Chambers Bhavan described the budget as ‘Overall good’.
A prominent industrialist, Bikash Mukherjee, who owns an ancillary unit of Tata Motors said that the SME sector is largely dependent on heavy industries that play a key role in the infrastructure development so they were looking forward to few big project announcements.
” The budget did not focus much on industry growth. In fact it is a reproduction of the previous budget. I think the budget announcements will not make much difference to the Adityapur industrial area. ,” said Mukherjee.
