This year’s budget has got some joy on the faces of entrepreneurs from the textile industry.
The proposal of goods and services tax (GST) enactment Finance Minister Chidambaram in the Union Budget 2013-14 has got great acceptance from the MSME community in India.
SupportBiz attempts to explore the views of stakeholders from the oil and gas industry on the Union Budget 2013-14.
SupportBiz attempts to find out the reactions of stakeholders from the automotive industry to the Union Budget 2013-14.
While some believe that the Union Budget 2013 is encouraging for the SME segment, some experts and stakeholders opine that it is not an aggressive policy document.
The Union Budget 2013-14, presented by Finance Minister P Chidambaram, conveyed a strong message that SMEs are among the top priorities of Indian policy makers, as they are the most important contributors in the nation’s overall growth.
Most industry stakeholders have given a negative feedback on the Union Budget 2013-14. However, there are some industry players who have shared their happiness over the provisions announced in the budget.
While presenting this year’s budget, Finance Minister P Chidambaram emphasized on bringing the economy back on the growth track. Most importantly, he emphasized on the sustainable and holistic growth of the economy.
The knitters and the manufacturers in the biggest textile industry in India at Ludhiana, Punjab, are happy with the provisions announced for them in the Union Budget released on February 28, 2013, by the Finance Minister.
Reactions have been positive to the announcement of hike in excise duty on the import of set top boxes. Finance minister P Chidambaram, in the Union Budget 2013-14, announced an increase in the said excise duty from 5% to 10%.