5/5

Madhya Pradesh Budget: Industry bodies welcome it, Indore traders' association says it's aimed at 2023… – Moneycontrol

Facebook
Twitter
LinkedIn
My Account
Follow us on:
 
Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Invest as low as 10,000 and earn better returns than FD
Invest Now
Powered By
Find safe & high-yielding bonds for your buck. Discover the right bonds meeting your investment amount & investment horizon
Invest Now
Gamechangers
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Moneycontrol  PRO
Moneycontrol  PRO
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
STOCKAXIS EMERGING MARKET LEADERS
15-20 High Growth Stocks primed for price jumps
Subscribe
Industry bodies in Madhya Pradesh welcomed the Budget 2023-24 presented by the state government on Wednesday, although a federation of business associations said there was nothing for the trading community in this “election budget”.
The state government presented a Rs 3.14 lakh crore Budget with a provision of Rs 8,000 crore for the ‘Mukhyamantri Ladli Behna Yojana’, a new scheme to be rolled out for the welfare of women in the state where the Assembly polls are due this year-end. Finance Minister Jadgish Devda presented the budget in the House.
The Confederation of Indian Industry’s (CII) Madhya Pradesh unit chairman Animesh Jain termed the budget as “holistic and people-friendly”.
“We would also like to thank the state government for simplifying the regulatory compliance mechanism by discontinuing 131 redundant legal provisions and providing deemed approval for 35 essential services under the ‘Start your business in 30 days’ scheme,” he said.
Federation of Indian Chambers of Commerce and Industry (FICCI) state unit chairman Dinesh Patidar welcomed the “green” proposals in the budget.
“Due to the policy of scrapping old vehicles from roads, the use of environment-friendly electric vehicles will increase in the state,” he said.
The state government has proposed to implement the central policy of removing 15-year-old vehicles from roads and destroying them in a scientific manner from April 1. It said around 1,000 state-run government vehicles will cease to operate and they will be replaced by electric vehicles as a policy decision wherever possible.
Yogesh Mehta, president of the Association of Industries of Madhya Pradesh, an industry organisation for the micro, small and medium enterprises (MSME) sector, described the state government’s budget as “development oriented for all sections”.
He said that special emphasis has been laid on accelerating industrial investment in the budget. The proposal to develop 7,500 acres of land for a total of 14 new industrial areas, including two new Information Technology (IT) parks in the state, was a far-reaching step that would generate employment.
However, Ramesh Khandelwal, president of Ahilya Chamber of Commerce, a federation of Indore-based traders associations, termed the budget as an “election budget”.
“There is nothing in this budget for the traders’ community,” he said.
“The huge provision of Rs 8,000 crore for Mukhyamantri Ladli Behna Yojana in the budget is an exercise aimed at wooing women voters ahead of the assembly elections due later this year,” Khandelwal added.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
You are already a Moneycontrol Pro user.

source

More to explorer

regional park indore

Regional Park Indore: A Nature Lover’s Paradise If you’re looking for a peaceful retreat amidst lush greenery and natural surroundings, Regional Park

indore to omkareshwar distance 

indore to omkareshwar distance 

Indore, the commercial capital of Madhya Pradesh, is a popular tourist destination owing to its rich cultural heritage, historical landmarks, and natural

indore to bhopal

indore to bhopal train

Train NameDeparture TimeArrival TimeTravel TimeMalwa Express02:0006:054h 5mIntercity Express06:1011:105h 0mShipra Express16:3021:054h 35mIndore Jammu Tawi Express19:5000:454h 55mAvantika Express19:0523:354h 30m Note: The departure and arrival

indore to bhopal distance 

Introduction Indore and Bhopal are two major cities in the central Indian state of Madhya Pradesh. Both cities have a rich cultural

Leave your comment