Experts hail growth oriented budget proposals;Term Nirmala Sitharaman’s budget as landmark budget

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Bhubaneswar: Experts hail so many proposals of union budget as pro-people and pro-growth oriented. They have given thumbs up to proposals on social sector development, export, infrastructure, skill development and good governance.
In a post budget analysis session organized by Indian Chamber of Commerce (ICC) in Hotel New Marrion, Co-chairman of ICC Odisha state Council J B Pany in his welcome address discussed about various aspects of union budget 2020-21. He said that, “In this difficult economic situation there has little scope for finance minister Nirmala Sitharaman. Still she able to deliver a very good and pro growth oriented budget which is commendable. Anti dumping major for medical equipment will help the country in many ways. I believe that abolishment of dividend distribution tax will create conducive atmosphere for investors to invest more in the country.”
He also appreciated the efforts to build hospitals in tier-2 and 3 cities through Ayushman Bharat Scheme. Audit limit for MSME from Rs 1 crore to 5 crore and proposals for irrigation and agricultural sector will take India to steady growth path. He added.
Experts participated in this session laud proposals like raising the deposit insurance cover to Rs 5 lakh which will help mobilizing household savings, move to revamping the Agri value chain in the country with due focus on irrigation, warehousing, marketing and logistics and tax holidays for affordable housing scheme.
Principal Commissioner-GST, Central Excise and Custom Bijoy Kumar Kar talk about GST reform and how it helpful to stop revenue leakages. He discuss about various technicalities in GST.
ICC Odisha State Council core and Advisory member Rajen Padhi talks about the proposals for road, rail and transport sector development and said that focus on fishery sector will helpful in increase the exports of India. It is a landmark budget. He added.
Convener of finance and Taxation committee of ICC Odisha state council A K Sabat talks about abolishment of dividend distribution tax and hails the GST reform have done few years back.
Other dignitaries participated in the session are ICC Odisha State Council core and Advisory member Rajen Padhi, convener of finance and taxation committee A K Sabat, Principal Commissioner-GST, Central Excise and Custom Bijoy Kumar Kar and vice president of IMFA Ashok Kumar Behera.

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