top of page
  • globalnewsnetin

BUDGET NEWS FROM PHDCCI


Mr. Madhu Sudan Vij, Chair, Chandigarh Chapter of PHDCCI while welcoming the announcements made by Hon’ble Finance Ministry stated Starts Ups have a vital role in the economy and he appreciated the extension of Tax benefits till March 2025 for startups.  


He mentioned Toursim sector has bounced back post Covid and is a major employment generator. Union Government while understanding the importance of the sector has promised to do significant investment in the tourism sector in the country


Towards meeting our commitment to ‘net zero’ by 2070 and promoting green mobility, Govt to expand EV ecosystem for supporting charging infra; e-buses for public transport network The announcement of three major economic railway corridor programmes will improve logistics efficiency and reduce cost. While concluding his remarks he said 250 million people have come out of poverty in 10 years is the biggest take away of the current Government.

0000

Mr R S Sachdeva, Chair, Punjab State Chapter, PHD Chamber mentioned that Budget is progressive for the country, Government has tried to take care of all the sections of society. To encourage research and innovation in industry, a corpus of Rs 1 lakh crore will be established for 50-year period, it will help Indian industry to compete in the global market While encouraging the Tourism industry, States will be supported to undertake development of iconic tourist centres, it will indirect employment to youth.


Production Linked Incentive Scheme has been proved as Game Changer in industry, Government has provisioned another - Rs.6,200 crore under PLI scheme. The extension of PM Awas Yojana for the middle class living in rented houses or slums or  unauthorised colonies will give boost to housing and infrastructure sector. Government has given a relief to the middle class by not changing the taxation - both direct and indirect. Further Processing time of tax returns has been significantly reduced. The deferment of filing of a case in a tax dispute till a constitutional court decides the common legal question would greatly help in reducing the repeated litigation between taxpayers & the department.Towards achieving its aim of ‘net zero’ by 2070 , 1 crore houses will be equipped with roof-top solarisation.

0 comments
bottom of page