Budget Reaction 2024 by various Industries
Ambar Bhattacharya, Takmaa News, Kolkata, 24th Jul 2024 : Various business heads commented about the Financial Budget 2024 as given below:-
Sri Jaydeep Patwa– Secretary of SPK Jain Futuristic Academy
“For the development of any nation, education is the key element. It is a forward looking budget increasing budget allocation by 7% in education. In combination with the new NEP it will take education way forward. But looking at education in rural areas, it needs more to be done. Skill development is also a key area which needs to be taken care of in a better way.”
Anjan Chatterjee- Founder of Speciality Restaurants Limited
“Salaried class will have more money to spend at our restaurants as we cater to this segment which is positive because of the increase in Standard Deduction and rate rationalization. Changes in Sea Food inputs customs duty will have to be seen as our consumption is very high and will result in benefit. Not the best news for the stock markets as both Short Term and Long Term Capital gains rates have been increased. Scheme on training and new employees with PF benefit to employers will benefit the restaurant industry being a large employer of manpower. Long term holding period change from 36months to 24 months will be relief.”
Siddharth Pansari: President of Credai Bengal
“The Union Budget 2024-2025 reaffirms our commitment to urban development, emphasizing affordable housing with the announcement of three crore additional houses under the PM Awas Yojana. This move is set to bolster the real estate market significantly, driving demand and enhancing infrastructure development. Additionally, the reduction of stamp duty, especially for women property owners, will encourage more investments in real estate. Our focus on improving urban infrastructure and housing facilities will ensure a steady growth trajectory for the real estate sector, promoting economic resilience and sustainable urbanization.”
