ECLGS extension and PLI scheme expansion will help traders: CAIT
Updated: Jan 01, 1970
New Delhi, Feb 1 (KNN) Expressing satisfaction with the union budget 2022-23, the Confederation of All India Traders (CAIT) has said that the extension of ECLGS until March 2023 and expansion of PLI scheme to various sectors will not only help small manufacturers but traders as well.
However, it has shown disappointment with regards to GST tax structure as no concrete announcement has not been made regarding its simplification and rationalisation.
B.C.Bhartia, National President and Praveen Khandelwal, Secretary General of CAIT have termed the budget a progressive economic document.
They emphasised how the budget has ensured development initiatives for each and every sector in a structured way and provides ease of doing business to traders, ensuring robust growth in health sector and services and.
They appreciated Union Finance Minister Nirmala Sitharaman in setting future agenda for the economic growth of the country.
“However, the budget is a visionary budget as well as it has taken Digital rupee and crypto currency on the priority of the Government, realizing their greater need among the younger generation,” added the senior officials.