Home / Knowledge / News / Textiles / Budget is acceptable - Visaka Industries
Budget is acceptable - Visaka Industries
01
Mar '08
Mr. Vallinath
Mr. Vallinath
After the Union Budget of 2008-09, Fibre2fashion contacted Mr Vallinath Senior Vice President Finance of Visaka Industries, to get their comments on yesterday's budget.

"We can say the budget is satisfactory. Most of the sectors like Agriculture, Education, Employees have been benefited. All the more, excise and custom's duty has already been brought down.

It is a good sign that TUF is continuing which is a good sign for the growth, and project import duties has reduced from 7.5 to 5 percent, Central Sales Tax has been reduced by 2 percent.

According to Senior Vice President Finance of Visaka Industries Government should have paid heed to the following points as well:
• They should have reduced corporate tax.
• Reduction in cement prices was required.
• Should support improvement in infrastructure
• Modern Technology should be implemented in agriculture sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search