KCCI hails budget proposals

KT NEWS SERVICE. Dated: 1/12/2018 1:42:20 PM

SRINAGAR, Jan 11: The Kashmir Chamber of Commerce and Industry (KCCI) has hailed the budget presented by finance minister Dr Haseeb Drabu today.
A statement by KCCI president Javaid Tenga said, “If implemented, the budget will prove encouraging for the business community.”
He added that budget is encouraging to a large extent in certain sectors provided implementation is done for all the promises made.
The KCCI has appreciated the budget proposal to remove all al politicians and bureaucrats from their boards to make PSU’s autonomous and independent of government control.
While maintaining that the restriction of central goods and services tax and state goods and services tax to only value-added part is not acceptable to the industry, the KCCI president appreciated the inclusion of tourism industry in power tariff at par with the industry and power amnesty to all industrial sectors.
KCCI has also sought state government to demand pending 2/3rd post flood subsidy from Government of India.
The KCCI has appreciated the government’s budget proposal of reviving transport sector, setting up of dry port with DPA of Dubai, education loan interest intervention, creation of carpet villages, subsidy offered to trout fishing industry and inclusion of handicraft units under MSME for all industrial incentives.
KCCI has also sought improvements in sectors such as silk industry, bat industry, walnut, national saffron mission, apple industry, storage, packaging of apple in consultation with it.



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