Home / Knowledge / News / Budget continues to spur growth, Mr Chandrasekhar
Budget continues to spur growth, Mr Chandrasekhar
Feb '08
Mr. Rajeev Chandrasekhar
Mr. Rajeev Chandrasekhar
FICCI President, Mr. Rajeev Chandrasekhar said that this is a balanced budget that has taken care of both the growth of the economy and the political compulsions of out time.

He added, “I am convinced that the budget will continue to spur growth and FICCI hopes that the Prime Minister's statement at FICCI's 80th AGM that 9% growth is achievable holds true.”

FICCI had recommended that for the common men and women of the country the income tax exemption limit be enhanced from Rs. 1.1 lakh to Rs. 1.5 lakh.

The Finance Minister has announced this and this will now give more purchasing power into the hands of people and boost consumption.

Industry had also requested that the government take measures to address the cascading affect of the Dividend Distribution Tax. In the budget, the Finance Minister has taken up this matter and the issue has been partially addressed.

FICCI hopes that as we go ahead further modifications will be made to completely waive the cascading affect of DDT on multi-layered corporates.

The Finance Minster's major step in promoting hospitals and the healthcare sector in tier 2 and tier 3 cities of the country is also a very positive move.

FICCI had urged the government to give a boost to the healthcare sector and now hopes that a further push will be given by granting 'infrastructure status' to the healthcare sector.

One of the major problems being faced by industry is the severe skill shortage across sectors and at all levels. In this context FICCI feels that the Finance Ministers announcement of setting up a non-profit corporation for promoting skill development with an outlay of Rs 15, 000 crores is a fresh, new idea whose time had come.

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search