Interim Budget aims at inclusive growth and social justice: Mr Ganesh Kumar Gupta, President, FIEO

Ludhiana, February 1, 2019: Mr Ganesh Kumar Gupta, President, FIEO commenting on the Interim Budget said that direct income support to farmers at the rate of Rs.6,000/- per year and the mega Pension Yojana for unorganised sector workers at the rate of Rs.3,000/- per month would meet the objective of social justice which coupled with Ayushman Bharat will provide modest livelihood to our people in poor strata of the society. Mr Gupta said that creation of a separate “Department of Fisheries” will put further focus on marine exports which has already crossed over USD 7 billion to move to USD 10 billion by 2020-21. The single window clearance for ease of shooting of films will help in augmenting foreign exchange through film/animation industry. The introduction of comprehensive digitalization of export/import transactions and use of RFID technology will not only reduce the time taken in movement of exim cargo but will also help in identifying the bottlenecks so as to plug them for seamless movement. Mr Gupta welcomed the comprehensive 10 dimensional vision, focussing on sustained development, which provides a road map for the country as well as its economy.