“We have to come to terms that this is not a T20 team, but it is just in the middle of a good first day first session of a long Test match,” is how Mohammed Ameen, President of Kanara Chamber of Commerce and Industry (KCCI), reacted to the Union Budget.

“The intention of the new Team is quite clear, the direction taken is quite encouraging. But when it comes to proposed action, it has fallen short of our expectations,” he said.

The intention portrayed by the incoming team and on which it got a big mandate was to speedtrack development, to control inflation and revive economic growth.

The development menu card is crowded and difficulty seems to be in the details. The outlays are too small and scattered, a few hundred crore here and there and a cohesive action plan seems to be missing, he said.

The big signals of change in the manner the Government desires to raise resources and channelise spending could not be read in this Budget, he added.

‘Disappointing’ The Canara Plastic Manufacturers’ Association has termed the budget as disappointing.

BA Nazeer, President of the association, said the Finance Minister has completely ignored the demand of the MSME (micro, small and medium enterprises) sector for reduction of excise duties and for increasing excise exemption limit in view of the inflation in cost of goods and services.

Manufacturing sector in MSMEs should have been given boost by doing this. This would have helped the MSME sector, which is suffering because of economic slowdown, he said.

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