V. Nagappan, president of the Hindustan Chamber of Commerce, mentioned the proposal to increase the revamped credit score assure scheme for the micro, small and medium enterprises and aid to the pandemic-affected models within the Union Budget 2023-24 is in the appropriate course. “Reduction of 1% interest for the MSMEs will further boost their growth and also allowing the payment to the MSMEs as “allowable expenses” solely when precise cost made by the corporates is a welcome step as it can allow the massive corporations to honour their commitments,” Mr. Nagappan added.
T.R. Kesavan, president of the Madras Chamber of Commerce and Industry, mentioned, “On the whole, we feel that the budget is growth- oriented without compromising on fiscal responsibility or sustainability.” The Chamber all the time bats for ease of doing enterprise. Decriminalization of greater than 3,400 authorized provisions, adopting PAN as widespread identifier for all digital techniques and unified submitting course of are the appropriate measures, he identified.
Chozha Naachiar Rajasekar, president of The Tamil Chamber of Commerce, identified that there aren’t any bulletins on particular tasks for Tamil Nadu. C.Okay. Ranganathan, previous chairman, CII Southern Region, mentioned, “I don’t see anything specific to Tamil Nadu, but the announcements pertaining to start-ups, MSMEs, Unity Mall and Skill Development will benefit us like other States.”
Sasikumar Gendham, Managing Director, Salcomp India, “This budget provides a clear vision towards increasing investments into infrastructure, youth skill development / employment, green growth. While the status quo has been maintained for electronics sector, a small relief being provided for certain parts of mobile phones and television, is a welcome step.” V. N. Shiva Shankar, vice chairman, SICCI, mentioned, “Being the first in the Amrit Kaal, it has signalled positive for several new-age industries. “It is really welcome to note that the government continues to place a lot of importance to Green Growth – which is critical to achieve self reliance,” Mr. Shankar mentioned.
V.L.Indira Dutt, President of Andhra Chamber of Commerce, mentioned that thrust given for synthetic intelligence, spectrum 5G labs would create extra alternative globally for techno professionals. C A Amrith Lal, Convenor, FICCI Tamil Nadu Finance and Taxation Panel, mentioned the finances has taken care of the hardworking and center class within the type of tax reliefs to them each underneath the previous and new tax regimes.
S. Vaidhyasubramaniam, Vice-Chancellor, SASTRA Deemed University, mentioned that as an instructional, this yr’s report card deserves a distinction for its digital deal with each next-gen applied sciences on the high and skilling on the backside. There is a transparent signal of inclusivity in human capability constructing, he mentioned.