North Bengal planters upset as Union budget skips tea industry
“No good news for north Bengal from this budget,” Mr Bihani said.
“No good news for north Bengal from this budget,” Mr Bihani said.
Mr Partha Chatterjee, party secretary general and state parliamentary affairs minister said that the Union Budget presented by the Centre was one of a “faceless, baseless and actionless” budget.
Corporates should be pleased with 25 per cent tax ceiling for all companies up to an annual turnover of Rs 400 crores and the promised hands-off tax regime.
Sitharaman said that the higher surcharge had been proposed in view of rising income, and that the high income earners should contribute more to the nation's development.
The finance minister's speech listed a long menu of pro-corporate 'reforms'
The amount, provided under the head "World Class Institutions", is more than three times the revised estimates for the previous year.
The top official said that the focus on start-ups would give a boost to the nascent sector, while the announcement about recapitalisation of public sector banks would allow industry access to capital, which was hard to come by in recent years.
The Finance Minister also proposed that business establishments with an annual turnover of more than Rs 50 crore shall offer low cost digital modes of payment to their customers and no charges or Merchant Discount Rate (MDR) shall be imposed on customers as well as merchants.
In a post-budget exercise, the Finance Minister may discuss among other issues an action plan for the fiscal consolidation for the coming months
Defying tradition, a caretaker Finance Minister has tried to set the pace of the Indian economy for the coming Financial Year with no guarantee that he and his colleagues would be around when the Budget proposed by him is put in operation.
