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ASSOCHAM Chief reacts positively to union budget
New Delhi, February 29, 2008
“By laying the strong foundations for a sustained inclusive
growth including double digit economic growth, particularly by
focusing on building `Human Skill Development Bank’,
tremendous boost to agrarian economy paving way for PPP in
education and health, the Finance Minister has even exceeded
expectations of Corporate Sector in his budget proposals, say
ASSOCHAM President Venugopal Dhoot and its President Elect,
Sajjan Jindal. The Chamber accorded 8 marks out of 10.
Complimenting the Finance Minister, the Chamber in a statement
said that he has provided succor to small and marginal farmers
who were groaning under heavy debt burden and struggling hard
for survival, is a much needed step in right direction. But
added that waiving off loans is not the ultimate solution and
therefore, strongly suggested for creating a mechanism to
monitor various laudable schemes announced to ensure that
their deliveries reach the targeted groups.
Likewise, allocations have been increased for health and
education particularly for opening of 3 IITs would help India
create a huge human pool of `knowledge and skill workers’ that
will contribute towards stronger growth element.
Jindal, however, said that it would have been better if heavy
export duties were imposed on exports of mineral resources and
surcharge on corporate tax withdrawn, besides, announcements
made for infrastructure investment bonds in which corporates
would have been called upon to investors their equities
investment by granting them certain tax benefits.
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