Industry bodies welcome the Budget

Sat 06 Jul 2019, 10:54:40
Assocham President B K Goenka has said the budget is a mega investment-oriented initiative with a strong focus on scaling up rural infrastructure and demand along with a slew of tax simplification measures, aimed at boosting growth. 

Talking to reporters in New Delhi, Mr Goenka said, initiatives like e-assessment, inter-changeability of PAN and Aadhaar, and digital payment will make a big difference to taxpayers. 

FICCI has also welcomed the Union Budget saying target of disinvestment worth 1 lakh five thousand crore rupees is a good initiative. Talking to media, FICCI President Sandip Somany said encouragement of PPP model in Railways is a desirable measure.

NABARD chairman HK Bhanwala has said, Budget proposal for 'zero budget farming' will help millions of farmers cut down their input cost and practice sustainable agriculture. 

Chief Executive of Bombay Stock Exchange, Ashish Kumar Chauhan said the budget provides a blueprint to promote overall growth as it outlines several new reform initiatives like a big privatization push, relaxation for foreign portfolio investors, further easing in FDI in a host of areas.

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