|
|
Industry & Economy
-
SSI
States
-
Andhra Pradesh
`Budget holds no hope for SSIs'
Visakhapatnam, March 2
The Union Budget has completely ignored the needs
of the small-scale industry and agro-based industries
and "it is really unfortunate that Mr Chidambaram has
chosen to offer nothing to these sectors which provide
employment to millions in the country," according to Mr
B.V. Rama Rao, President of the Federation of Andhra
Pradesh Industries. In a press release issued here on
Sunday, he said the pre-election Rs 60,000-crore debt
relief scheme to farmers did not carry conviction or
credibility, as there was no clear-cut provision in the
budget for the waiver. "The banks and the financial
system will be ruined by such steps and the farmers too
will not be benefited in the long run," he said. He said the
rural sector, especially the agro-based industries, should
have been given greater consideration in the Budget. "For
instance, the jute industry has been neglected," said Mr
Rama Rao, also the Managing Director of the
Swarnandhra Jute Mill in Srikakulam district.
- Our Bureau
More Stories on :
SSI |
Andhra Pradesh |
Budget
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
Stories in this Section
Job fairs to be held in Hanamkonda, Hyderabad
Budget 2008: Lagging behind M&A appetite
‘Loan waiver sends wrong message to borrowers’
CII poll: CEOs rate Budget as people-oriented
A Budget for everybody
Focus on growth in industry
Long-term fundamentals
Extending employment programme
Lacklustre Budget
A move backward
No economic theory
Aggregation merits reconsideration
Poorest of the poor ignored
Coir Board hails I-T exemption
Incentives for prompt loan repayments suggested
Pleasing common man
A bold step
Political move
Fantastic
Big relief for salaried class
Drugmakers let down on absence of research incentives
Steel manufacturers to meet Paswan
Textile exporters, retailers unhappy with Budget
Textile expo
Mills body urges TNEB to ensure normality in supply
Tiruchi SSI body hails Budget
Applications invited for award
‘Nothing for SSIs’
`Budget holds no hope for SSIs'
Scheme to recharge wells
Proposal on dividend tax: Coal India sees Rs 200-cr gain
VUDA auctions fetch Rs 190 cr
Gold may test resistance levels
Seminar on talent management
Branson bowled over by Kerala
Kerala to host ‘Responsible Tourism’ meet in Kochi
|
|
