The CII Friday welcomed the state proposals to earmark Rs 50 crore for SMEs and Rs 100 crore for farmers in the Budget. “Overall, the budgetary proposals reaffirm the state’s commitment to aiding inclusive growth, which is in consonance with CII’s core values,” said state CII chairman Anil Vaswani.
Watch What Else Is Making News
“I am sure SMEs and MSMEs, arguably the biggest sources of jobs, will be very happy because many of them struggle for want of credit flow,” said Vaswani. Vaswani also lauded the decision to raise the ceiling of primary slab of VAT to Rs 20 lakh.
Also ReadUnion Budget 2023 income tax slabs: New tax regime is default, rebate inc…FM radio industry has flourished, 388 private stations in 2022 June quart…One year extensions: Concessional 15% corporate tax rate for new manufact…Budget 2023: FM Sitharaman announces plans to set up digital public infra…
“The minister’s announcement on salary increments for aanganwadi workers and ASHA workers reflect the state government’s sincere will to improve health and education at the grassroots level, “ said Dr Rupali Basu, vice-chairperson, state CII.In doing away with education and rural employment cess, the government has displayed its will to contain prices, she said.