Ludhiana10 hours ago
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The Modi government at the Center has presented the country’s general budget on Wednesday. The industrialists of Ludhiana in Punjab have got a lot of relief from this budget. He called this budget a mixed budget. Traders said that the points were enough for them, which were not raised in this budget, but still they are happy even after getting some concessions.
Upkar Singh Ahuja, MD, New Swan Group.
Mixed for budget traders
New Swan Group MD Upkar Singh Ahuja said that the budget is mixed for businessmen. Can’t call it such a good budget either, but not that bad either. Because many concessions have been received in this budget. He said that the small industry MSME has got relief from getting 1 percent less interest on the loan. And the government has removed 3400 legal rules.
Loan up to 1 crore without any security and guarantee
Apart from this, under the MSME Credit Guarantee Scheme, loans up to 1 crore will be available without any security and guarantee. For that the government has passed 9 thousand crores. Similarly, the spading on infrastructure has been increased by 35 per cent. With the construction of more roads, vehicles will increase, due to which the business will grow.
On the other hand, the decision taken to increase the number of houses being built for the poor by 66 per cent under the Pradhan Mantri Awas Yojana is excellent. This will give a boost to the business of cement and steel.
Electric vehicle manufacturing company benefited
Talking about the lithium battery industry, the custom duty has come down. Electric vehicles will increase more due to this. The company making electric vehicles will get benefit. Wherein there was a slab of 5 lakhs. Which has been made 7 lakhs, due to which the employees will have to pay less tax. Ahuja said that the expectations were high, but not much work was done.
Rajneesh Ahuja, MD, Rajneesh Industries.
Goods will reach soon due to more roads: Ahuja
Rajneesh Ahuja, MD of Rajneesh Industries, said that this budget was the last budget of the government. In view of the elections, the government has given a lot of relief. The roads built by the Central Government in the past have brought a lot of relief. The goods truck which used to reach Mumbai in 5 days, now reaches in 2 days.
Nitin Gadkari did a lot of work
Union Minister Nitin Gadkari has done a lot of work. If we talk about railways, Rs 2.4 lakh crore is being spent, due to which the services of railways will be better. The corridors being built by the Railways will help goods trains to reach other states quickly.
The government has abolished 3400 old rules, which is a big decision. This will encourage new startups. MSME will get a lot of boost. There is a good opportunity for the youth to set up their own industry. If even 10 people out of 100 set up their units, they will give employment to 90 people. This will give a boost to employment. The economic condition of India is faring better than the rest of the countries. Look at the condition of Pakistan, what has happened. Dollar in India is 82 rupees. While Pakistan has 262.