CICU Executive Committee holds live Budget meet
CICU Executive Committee holds a live Budget meet to discuss the outcomes of the Union Annual Budget 2023-24 at Park Plaza, Ludhiana.
City Air News
Feb 2, 2023 11:07
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Ludhiana: CICU Executive Committee holds a live Budget meet to discuss the outcomes of the Union Annual Budget 2023-24 at Park Plaza, Ludhiana.
Upkar Singh Ahuja, President, CICU while sharing his views on the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman appreciated the following points of the Union budget:
• 3400 Legal Systems to be removed
• For MSME 1% Interest subvention scheme
• 9000 Cr. for MSME Credit Guarantee Scheme will help MSMEs to get loans.
• 10,000 Cr per year for urban infra development fund
• 50-year interest-free loan to State Government extended for one more year
• Income tax rebate increased to Rs. 7 Lakh from 5 Lakh in the new tax regime
• 30 skill India international center to be set up in all states
• EV Battery custom duty reduced.
• 66% increase in PM Awas Yojna
• Agritech Startups accelerator funds have been granted.
• Govt. has also initiated computerization for 63,000 primary agricultural credit societies with an investment of Rs. 2,516 cr.
• Blender CNG GST exempted.
The meeting was attended by more than 80 members namely S.B Singh, Joint Secretary, Phuman Singh, Finance Secretary, J.S Bhogal, Organizing Secretary Rajnish Ahuja, Honey Sethi, Legal Secretary, Avtar Singh Bhogal, JK Sablok, Gautam Malhotra, Sarvjit Singh, G.S Kahlon, Sanjay Dhiman, Jagbir Singh Sokhi, Satinderjit Singh Autom, Rajnish Bansal, Jaspreet Singh, Ravinder Saini, Amarjit Singh Swan and other prominent members of CICU.
