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Concession to small and marginal farmers in country is big positive step: FICCI President Sandeep Somany

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New Delhi, Feb 2

Welcoming the budget as growth oriented with focus on farmers, labour and the middle class, FICCI President Sandeep Somany said the concession to small and marginal farmers in the country is a big positive step.

He said tax exemptions in the budget will help corporate sector and increase consumption.

The Director General of Confederation of Indian Industries, CII, Chandrajit Banerjee described the budget as good and growth oriented. CEO and MD of Viacom 18, Sudhanshu Vats said, policy provisions that seek to enhance ease of doing business will help industry grow at a faster rate.

NABARD Chairman H K Bhanwala said, the income support for farmers can lead to better productivity as farmers can use the money to buy seeds, fertilizers and farm implements. Chairman of State Bank of India, Rajnish Kumar said the interim budget is growth oriented and will strengthen the purchasing power of the growing middle-class.

The realty industry too welcomed the interim budget saying it will give much needed fillip to the sector.

President of All India Association of Industries, Vijay Kalantri said that relief measures given to real estate sector and increase in income tax limits and for tax deduction will give much needed boost to economy.

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