Speaker: Hon’ble Finance Minister
VIA welcomes the move over the policy decision to implement accrual based system in few government sectors, abolition of FIPB, Steps on NPA issues, Infrastructure status to affordable housing, and decision to stick to FRBM. The announcement of not to spillover the impact of demonetization to next fiscal is also warmly welcomed. The announcement of assured returns of 8% for the senior citizens would serve the social cause. The steps taken to boost rural economy & employment are move in the right direction.
It is a rural and agro economic centric budget. VIA hopes that this will bring required growth in employment and in industrial demand. Tax exemption for SSI below 50 crores is a good move and hopefully economy gets overall boost to overcome the effect of demonetization. Increased allocation for infrastructural development will give good growth in businesses dependent upon agriculture.
President – VIA
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