Published On : Mon, Feb 1st, 2021

Budget is a comprehensive and progressive economic document -CAIT

Nagpur : The Union Budget is a comprehensive and progressive economic document which ensures development of each sector in a structured way and providing ease of doing business to traders, relieving senior most citizens from the burden of tax, ensuring robust growth in health sector and services and above all becomes an effective document where no new tax or cess is levied removing all such fears those were circling around since last more than a fortnight across the Country.

However, we disagree with the Finance Minister that GST has been rationalised rather it has become a more complicated tax system and also deeply regret that no support policy has been announced for the retail trade of India which generate an annual turnover of more than 80 lakh crores of rupees and providing employment to nearly 40 crore people in the Country.

We shall be taking up this issue with the Finance Minister Smt. Nirmala Sitharaman. In totality, the Government has come out with a best possible budget under the backdrop of COVID pandemic. We congratulate Prime Minister Shri Narendra Modi and Finance Minister Smt. Nirmala Sithraman for providing the Country a definite roadmap for a robust and well defined growth of India in future” -said Mr B C Bhartia, National President & Mr. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT), the apex trade body of India, representing 8.5 crore traders and SMEs