Interim budget 2019-20 evokes positive response from various sectors

Interim budget 2019-20 has evoked positive response from various sectors. The federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the interim budget. Talking to media, FICCI President Sandeep Somany said, tax exemption in the Budget will help corporate India.
   
Confederation of Indian Industry's Director General Chandrajit Banerjee termed the budget as good and economy oriented. President of All India Association of Industries, Mr. Vijay Kalantri said that relief measures given to real estate sector and increase in income tax limits and TDS will give much needed boost to economy. He said Government’s move to set up a new department for fishery sector will further strengthen India’s competitiveness in marine product exports.
   
The media and entertainment industry also welcomed the budget proposal for providing a single-window clearance for film



shootings and anti-camcording provisions to control piracy. CEO and MD of Viacom18, Sudhanshu Vats said such policy provisions that seek to enhance ease of doing business will help industry grow at a faster rate.
   
NABARD chairman HK Bhanwala said, the income support for farmers can lead to better productivity as farmers can use the money to buy seeds, fertilizers or even farm implements. Chairman of State Bank of India, Rajnish Kumar said the interim budget is growth oriented and will strengthen the purchasing power of the growing middle-class.