Prime Minister Narendra Modi on Saturday termed the Union Budget 2020 as a one based on vision and action oriented, adding that the Budget focuses on the MSME sector and exports.
Budget 2020 India: Appreciating the focus on agriculture and farmers welfare, wellness and education and skills, Shanmugham, in a statement, said the measures announced in the budget would help overall development of economy.
PUNE: Reacting to the Union budget proposals 2020-21, Mr.Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA), Coimbatore, in a Press release issued here today, has thanked the prime minister for favourably considering the long pending demand of the industry and abolishing the anti-dumping duty being levied on Purified Terephthalic Acid (PTA) imported from different countries including China, Indonesia, Taiwan, Iran, Malaysia.
After slashing income tax rates for individuals on condition that they give up exemptions and deductions, Finance Minister Nirmala Sitharaman on Saturday said the government intends to remove all IT exemptions in the long run.
Union Finance Minister Nirmala Sitharaman on Saturday said that the soon to be released National Logistics Policy will make MSMEs more competitive.
FIEO President Sharad Kumar Saraf has said that the Union budget has attempted at structural changes in agriculture, horticulture and pisciculture, through 16 Action Points, to make India a major player in agro and allied sectors exports in medium to long term basis besides simultaneously doubling our farmers income.