Budget evokes mixed reaction from industries, Chamber of Commerce
1 year, 6 months ago

Budget evokes mixed reaction from industries, Chamber of Commerce

The Hindu  

The Mysuru Industries’ Association has dubbed the 2023-24 State Budget as disappointing and lacking in vision. MIA president Vasu, who is a former Congress MLA and was denied a ticket to contest from Chamaraja constituency, said the budget has failed to respond to the requirements of the industry and listed a slew of demands that were not met. He said the amount allocated to Kidwai unit in Mysuru was ‘‘not sufficient to procure even a single diagnostic equipment’’ and dubbed the budget as disappointing. However, the MSME Council General Secretary Suresh Kumar Jain said the budget was a mixed bag and described it as balanced. The proposal to establish common facilitation centres under a PPP model for cluster development of industries will help MSMEs, said Mr. Jain.

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Industrial and commerce bodies term Union Budget as pragmatic fostering MSME growth
5 months, 3 weeks ago

Industrial and commerce bodies term Union Budget as pragmatic fostering MSME growth

The Hindu  

Industrial and commerce bodies in Dakshina Kannada welcomed the Union Budget, terming it a pragmatic one aimed at fostering micro, small and medium enterprises thereby creating more jobs. Terming the Budget growth-oriented, Kanara Industries Association president N. Arun Padiyar said proposals on employees provident fund scheme and providing ₹2 lakh crore support for job creation will generate more employment. District …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months, 3 weeks ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

A balanced budget with a focus on creating growth, employment, say trade bodies
10 months, 4 weeks ago

A balanced budget with a focus on creating growth, employment, say trade bodies

The Hindu  

The State Budget presented on Friday was “a well thought about, balanced and a developmental Budget’‘ and Chief Minister Siddaramaiah focused on a wide spectrum of core areas such as agriculture, energy, women empowerment, education, skill development, healthcare, Bengaluru development and beyond Bengaluru, reacted trade body representatives in Karnataka. Focus on Beyond Bengaluru The trade body FKCCI called it a …

Karnataka Budget a mixed bag according to industries, BJP dubs it as insipid
10 months, 4 weeks ago

Karnataka Budget a mixed bag according to industries, BJP dubs it as insipid

The Hindu  

The State Budget for 2024-25 has evoked mixed reactions with industries’ association flagging the positives while the BJP has dubbed it as insipid and disappointing. The Mysuru Industries Association general secretary Suresh Kumar Jain said some of the welcoming features are the announcement of formulating a new industrial policy for 2024-29 as demanded by the industrialists. Similarly, there was a …

Coimbatore industries hope the Union Budget announcements will revive demand
1 year, 11 months ago

Coimbatore industries hope the Union Budget announcements will revive demand

The Hindu  

Industries, especially the MSMEs, hope the Union Budget will lead to better demand in the domestic market and revive industrial production. Coimbatore District Small Industries Association president V. Thirugnanam said the Budget supported skill development, fund availability to MSMEs, and ease of doing business. Coimbatore Tirupur District Micro and Cottage Industries Association president C. Sivakumar said the Budget had several …

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs
2 years, 9 months ago

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs

The Hindu  

The Tamil Nadu Budget for 2022-2023, presented on Friday, has hiked the allocation for Micro, Small and Medium-scale Enterprises Department by almost 48%. Micro cluster development With a view of helping micro enterprises’ clusters, the Tamil Nadu government would launch a new “Micro Cluster Development Programme”, Finance Minister Palanivel Thiaga Rajan said in the State Legislative Assembly in Chennai on …

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