Kochi: The trade and industry here have hailed the State Budget, saying that it is in the right direction by giving several welfare schemes for various sections of the society. Mr Umang Patodia, Chairman, CII, Kerala State Council, said that efforts to promote public-private partnership in infrastructure development, restructuring of PSUs, financial support for KSRTC, and BIFR model institutional set up for SME sector will go a long way in improving and promoting an efficient administration.
Mr Jose Dominic, President of the Cochin Chamber of Commerce and Industry, said that though the government''s purpose to promote infrastructure development is a welcome measure, much more needed to be done in the State to keep pace with the times. Mr R. Mohandas, President of the Indian Chamber of Commerce and Industry, said that the Finance Minister has positively reacted to the Chamber''s suggestion to introduce an amnesty scheme for disposing of arrears of all taxes to be collected by the Commercial Taxes Department under the KGST Act up to the assessment years right from 1991-92 to 2004-05; to conduct this setting up of a fast track adalat on the Ernakulam model; and to extent the decreased rate of 4 per cent tax for cashew kernels to roasted and salted cashew nuts etc.
Mr Jose Dominic, President of the Cochin Chamber of Commerce and Industry, said that though the government''s purpose to promote infrastructure development is a welcome measure, much more needed to be done in the State to keep pace with the times. Mr R. Mohandas, President of the Indian Chamber of Commerce and Industry, said that the Finance Minister has positively reacted to the Chamber''s suggestion to introduce an amnesty scheme for disposing of arrears of all taxes to be collected by the Commercial Taxes Department under the KGST Act up to the assessment years right from 1991-92 to 2004-05; to conduct this setting up of a fast track adalat on the Ernakulam model; and to extent the decreased rate of 4 per cent tax for cashew kernels to roasted and salted cashew nuts etc.
No comments:
Post a Comment