Finance Minister Nirmala Sitharaman today unveiled a budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second term in power.
Ludhiana: Despite including a series of announcements aimed at their relief, the Union Budget has failed to woo the small businessmen of the city.
New Delhi: As part of the National Democratic Alliance government’s focus on bringing micro, small and medium enterprises (MSMEs) under the formal economy’s fold, a payment platform for the MSMEs will be set up, finance minister Nirmala Sitharaman announced in her maiden budget speech on Friday.
The Indian government's annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on the Reserve Bank of India (RBI) to provide more immediate help.
Union Budget India 2019: Economic Survey of July 4, 2019 has well highlighted the critical urgency of job creation in large numbers, in view of the fact that working age population is expected to grow by 97 lakh annually over the coming decade.
FIEO President Sharad Kumar Saraf on Friday said Rs.70,000 crore allocated to PSU banks will ease the flow of credit to the MSME sector.