Bud­get 2016-17: In­dus­try Show­ers Praises but Wants GST

Voice&Data - - ANALYSIS -

While the govern­ment has tried to stress on sev­eral sec­tors in its Bud­get 2016-17, it trig­gered var­i­ous types of re­ac­tions from the in­dus­try. The bud­get has re­it­er­ated the govern­ment’s vi­sion around the Dig­i­tal In­dia, Skill In­dia, Smart Cities and other pro­grams to boost the econ­omy. Also the Bud­get 2016-17 laid spe­cial em­pha­sis on job cre­ation and out­lined mea­sures to fa­cil­i­tate ease of do­ing busi­ness whilst si­mul­ta­ne­ously boost­ing the agri­cul­tural sec­tor and the in­fras­truc­tural growth. But at the same time, the in­dus­try is hop­ing that the govern­ment would be able to gen­er­ate con­sen­sus around the GST (Goods and Ser­vices Tax) and pass it in both the houses. Here is what the in­dus­try said on the Bud­get.

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