ASSOCIATIONS

Budget puts the money where mouth is: ASSOCHAM “The budget is on expected lines and provides support to sections of the society, where it was needed the most. The FM and the Prime Minister Narendra Modi know how to put the money where the mouth is. The agri and rural landscape were in some kind of distress and provision of over Rs 14.34 lakh crore to be spent on rural infrastructure should also add to the employment generation especially in the farm sector.” — Sandeep Jajodia, President, ASSOCHAM

Budget unilaterally announces fixed term employment to be extended to all employment. All labour related changes in law has to be discussed in the tripartite forum and then finalised. Now the draft notification on fixed term employment issued on 8th January is pending consultation with trade unions. In the meanwhile it is totally unfair on the part of Government to unilaterally announce it in Budget. — Virjesh Upadhyay, General Secretary, BMS

“The Finance minister has deftly handled the Union Budget priorities by assigning equal importance to development priorities and people-centric programs. Even some of the Budget proposals, which can be termed as populist, have their strong economic and development connect.” — Vasant Subramanyan, National President, IACC

“The Budget had some excellent measures to ease the lives of the common people with emphasis on the farm sector, education, healthcare and social protection. Small and medium enterprises received a boost through tax measures as well as access to credit. Industry appreciates government’s efforts to increase employment and encourage entrepreneurship through various measures.” — Chandrajit Banerjee, Director General, CII

“The budget will drive consumption in a big way, thus helping growth in other related sectorsWhile we see a clear focus on the infrastructure sector development in the rural areas, the plans for such development in the urban areas including wider connectivity across the length and breadth of the country have also got the needed attention in the budget.” — Rashesh Shah, President, FICCI