Nag Vidarbha Chamber of Commerce (NVCC), a leading traders’ organisation of the region has termed the interim budget presented by Finance Minister Sudhir Mungantiwar as election oriented budget.
NVCC President Hemant Gandhi has said, the announcement in the budget offers some or the other things for farmers, women entrepreneurs, youth students and tribals giving a respite to them. The NVCC also welcomes the announcement to cut in the loans besides tax policies , he said. The estimated revenue from GST in the year 2018-19 was 90,000 crore against which the State registered income of Rs 1 lakh 15 thousand crore, he said.
Since last several years the NVCC has been demanding abolition of profession tax. It further appeals to the Finance Minister to concede the demand and abolish the tax and provide respite to the common people, the service class and traders, informed, NVC Secretary Sanjay Agrawal through a press release.
Budget dedicated to farmers: Motwani
Secretary of The Wholesale Grain and Seeds Merchant Association Pratap Motwani has termed the budget as dedicated to farmers.
He said, the year 2018 was a very difficult year for the farmers where they had to incur huge losses due to drought. The announcement to provide Rs 8733 crore to the drought-hit farmers is certainly a welcome step, Motwani said.
Similarly, special financial assistance has been announced for onion, milk tur, paddy and chana growers. The announcement of Rs 900 crore for agricultural pumps is another laudable initiative, he said. Mungantiwar started his budget speech with the remarks that the first right on the budget is of farmers and the entire budget was dedicated to them having provisions of loan waiver, facilities, training and other things.
On the lines of the Union budget, the State budget was too people oriented where in addition to farmers, efforts have been taken to bring smiles on the common man’s face, Motwani opined.