Raipur (thestates.news) Pradeep Tandon, Chairman PHD Chamber of Commerce & Industries states: that the Budget aims to accelerate growth and unlock the nation’s potential while initiating reforms in taxation, urban development, mining, financial sector, power and regulatory reforms. The focus is on inclusive development and boosting middle-class spending to enrich the economy.
Investment limit of 2.5 times for MSME classification will boost opportunities to this biggest
segment. The Boost for Footwear, Leather & Toys Industry will create 22 lakh jobs, ₹4L Cr
revenue & ₹1.1L Cr+ exports. Fish production and aquaculture, Seafood exports in marine
sector will bring in an enabling framework for sustainable harnessing of fisheries from the Indian
exclusive economic zone and high seas will create new opportunities and enrich the economy.
The national centers for skilling with partnerships in manufacturing along with Funds for
Startups to be set up will promote entrepreneurship.
New Scheme for 5 lakh Women, Scheduled Castes and Scheduled Tribes as first-time
entrepreneurs will help develop backward areas. Opening of Cancer hospital in every district
and Urban Challenge Fund aimed at transforming cities, Broadband facility in primary schools
will introduce new avenues of education and social consciousness. Extendedly Jeevan mission
with an enhanced outlay will not only provide potable drinking water but will promote the pipe
manufacturing further .100GW nuclear energy production will open new avenues .
The modified UDAN scheme along with promotion of medical tourism will promote Travel-tourism and infrastructure industry by connecting 120 new destinations catering to 4 crore passengers.
Insurance FDI hiked from 74% to 100% will introduce new and cheaper schemes. The threshold
limit for TCS on LRS remittances from ₹7 lakh to ₹10 lakh, TDS threshold limit to ₹6 lakhs,
removal of TCS on education loans up to ₹10 lakh from specified financial institutions will boost
quality education and spending power.. Facility for Taxpayers to claim annual value of two self-
occupied properties as nil without any condition will boost the building infrastructure industry
further.
