CII-Vijayawada zone chairman D.V. Ravindranath addressing the media on the Union Price range 2025-26 in Vijayawada on Saturday.
| Picture Credit score: G.N. RAO
The general Union Price range 2025-26, introduced by Finance Minister Nirmala Sitharaman on Saturday (February 1), is a complete and forward-looking plan, however expectations with regard to GST reforms for the commercial sector weren’t met, felt members of the Confederation of Indian Business (CII-Andhra Pradesh).
Addressing media individuals after organising a dwell viewing session of the Price range at Resort Fortune Murali Park in Vijayawada, CII-A.P. chairman V. Murali Krishna counseled the Price range as being progressive.
It was seconded by Vijayawada zone chairman D.V. Ravindranath, who stated the improved credit score assure cowl and customised bank cards for micro-enterprises are essential for the expansion of MSMEs.
Nonetheless, some felt that extra may have been carried out for the sector. Former CII-A.P. chairman D. Ramakrishna stated points corresponding to youth unemployment ought to have been addressed within the Price range.
“Many are dropping jobs due to developments in know-how. The curriculum in academic institutes must be remodeled to organize a pupil for tomorrow’s challenges. We’re not positive if the steps specified by the Price range will handle these,” he stated.
Within the agricultural sector, the Prime Minister Dhan Bhanya Krishi Yojana and the Rural Prosperity and Resilience Programme are good initiatives, stated CII-A.P. former chairman M. Lakshmi Prasad, including that the choice to arrange a gene financial institution to preserve 10 lakh germplasm traces is a much-needed announcement.
“However, we anticipated that the import obligation on air pollution management equipment could be decreased. At present, it’s 28% and extra. We import it for the sake of a cleaner setting. There needs to be no import obligation on the equipment,” stated Mr. Lakshmi Prasad. He added that the 18% GST on medical insurance coverage and tax on pension additionally ought to have been eliminated.
Printed – February 01, 2025 08:48 pm IST
