Updated:
Share Article
AAA
Praising the Union Budget for optimal usage of resources, movement towards recapitalisation, and thoughtful allocation of funds, Sandeep Singh, Confederation of Indian Industry (CII) Karnataka chairman, underlined that proposals required timely implementation by the government.
Terming the Budget “growth-oriented” and “consumption-oriented”, he said it was the right step towards reviving the economy. “Overall, the Budget is focussed on optimal usage of all the resources. The allocation of funds is at the right places. However, timely implementation is required by the government,” Mr. Singh said.
The Budget comes as a shot in the arm for beleaguered MSMEs as it proposes to double the allocation for MSMEs to ₹15,700 crore from last year, said KASSIA, the trade body representing small industries.