Dear Members of the Media,
Appended below are the press statement from :- Shrinivas Dempo, Past Chairman CII Western Region Anil Kher, Immediate Past Chairman CII Goa Council Kirit Maganlal, Vice Chairman CII Goa State Council I would be most obliged if your could kindly carry the same in your esteemed news paper. Regards, Geetika Head - Goa State Office Confederation of Indian Industry ===================== CII Budget Comments “The finance minister has done a good job in focusing on infrastructure development and employment generation which will be positive triggers for the economy. The various EGovernance measures in the budget speech will hopefully plug revenue leakages and improve compliance. Lot of thrust has been put on tourism related projects which in the long run could generate additional revenues for the state” Shrinivas Dempo Past Chairman, CII Western Region ========================== “ Budget is a fine exercise of keeping economy growing and giving concessions to the underprivileged. The announcement of the investment policy by 30th May is a welcome decision” ……… Anil Kher Immediate Past Chairman, CII Goa Council =============================== “The Hon chief Minister has balanced a well thought of budget with a thrust on employment, skill development and infrastructure building. While it is a budget with an outlay crossing 5 digits for the first time, at over Rs 10000 cr, the Hon CM has also struck a very optimistic note on estimating a 12% GDP growth this year. Notable also is his emphasis on the Green Cess which is proposed by him and which has been a CII focus initiative also through the year. The budget has laid emphasis on uplifting the quality of education by proposing a counsellor in all Secondary and Higher Secondary schools and a promise to look into the Medium of Instruction issue in a time bound fashion. We also welcome his initiative of providing for a provision of Rs 2 cr for existing pre-primary schools in Konkani and Marathi and another like amount for adding another 68 such schools. The 100 cr allocation for Technical Education is a welcome move. Agriculture which seems the Hon CM’s dear subject has found a special place in the budget especially Dairy production and schemes for animal welfare. On the VAT front, the Honble CM has given due attention to certain lacunae that existed earlier esp those concerning the Input Tax Credit and stringent enforcements against tax evaders. For Tourism, the refund of VAT on purchase for outbound foreign tourists is in line with many other countries around the world. The CM has also been very open to consider the issue of providing additional FAR for Hotels with an additional charge to enhance and boost bed capacities. The grant of Rs 128 cr for Tourism development should kickstart the infrastructure buildup facilities of the State. Panaji city should be happy with the grant of Rs 30cr for city development since a comprehensive plan for the same is already on the drawing board and the monies would be put to effective use at the earliest. The Budget has not thrown up any jolts either to Industry or to the common man. This had been an amazing exercise by the CM to subtly mop up additional revenue under the scenario of the fiscal shortcomings following the mining ban. A number of Industry issues still remain unattended. A positive attitude to business and industry is what matters. Our Honble CM has shown the way this time around”. Kirit Maganlal Vice Chairman, CII Goa State Council =========================== -- ------------------------------------------------------------------------------------------------------ Disclaimer This message, including any files transmitted with it, is for the sole use of the intended recipient and may contain information that is confidential, legally privileged or exempt from disclosure under applicable law. If you are not the intended recipient, please note that any unauthorized use, review, storage, disclosure or distribution of this message and/or its contents in any form is strictly prohibited. If it appears that you are not the intended recipient or this message has been forwarded to you without appropriate authority, please immediately delete this message permanently from your records and notify the sender. CII makes no warranties as to the accuracy or completeness of the information in this message and accepts no liability for any damages, including without limitation, direct, indirect, incidental, consequential or punitive damages, arising out of or due to use of the information given in this message.
