Busi­ness Friendly Bud­get

Southasia - - EDITOR’S MAIL - Shriku­mar Ra­jeev, Gur­daspur, In­dia.

The an­nual bud­get of In­dia, known as the Union Bud­get, has re­cently been an­nounced. To cre­ate in­fra­struc­ture and build busi­ness fa­cil­i­ties, the Bud­get has al­lo­cated nearly 4 lakh crore in in­vest­ments, which is a pos­i­tive move. As per the bud­get an­nounce­ment, the gov­ern­ment is go­ing to re­vise the ex­ist­ing labour code to cater to the chang­ing needs of to­day’s busi­ness or­gan­i­sa­tions, IT and tech­nol­ogy-based firms in par­tic­u­lar. More­over, the gov­ern­ment has also de­cided to abol­ish the no­to­ri­ous For­eign In­vest­ment Pro­mo­tion Board (FIPB) to make it eas­ier for in­ter­na­tional in­vestors to do busi­ness in In­dia with­out falling prey to bu­reau­cratic red­tape. Over­all, the bud­get is busi­ness-friendly and will help In­dia re­vive pri­vate in­vest­ment.

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