Home / Knowledge / News / Textiles / Shri Murli Deora welcomes people-friendly Budget proposals
Shri Murli Deora welcomes people-friendly Budget proposals
01
Mar '08
The Minister of Petroleum and Natural Gas Shri Murli Deora has welcomed the people-friendly proposals made in the general Budget 2008-09, which was presented in the Lok Sabha.

Describing the Budget as another milestone achieved by the UPA Government towards ensuring the welfare of the common man, Shri Deora specifically welcomed the tax rationalization by the Finance Minister in excise duties on unbranded petrol and diesel.

Referring to the conversion of the advalorem part of the excise duty to specific duty on these products, the Minister said that this is a major step forward towards rationalizing tax structure of petroleum products.

He also said that reduction of import duty on project imports from 7.5% to 5% would give a boost to fresh investment in the oil and gas sector, along with other industrial sectors.

Hailing the Budget as a land mark one, he said that the critical agriculture sector had been given due importance in ensuring that India continues on the high growth path.

He also pointed out that the UPA Government's approach on inclusive development found ample reflection in the quantum jump in fund allocations to the social sector schemes, especially for vulnerable and backward sections of the society.

Shri Deora congratulated Finance Minister on announcing several measures for the welfare of farmers and added that ordinary tax payers have also benefited significantly.

Press Information Bureau Government of India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

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 ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
April 2017

April 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