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Top 5 budget 2023 expectations of retail sector
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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
In continuation of Prime Minister Narendra Modi’s ‘Atmanirbhar Bharat Abhiyan’, Finance Minister Nirmala Sitharaman today, in her second tranche of Centre’s INR 20 lakh crore fiscal stimulus, addressed the challenges of food, shelter and livelihood faced by migrant workers, street vendors and small farmers.
From the CEO’s desk
“We must take care of the basic needs of those at the bottom of the pyramid. It must be addressed irrespective of how large or small a business they work for, and should be much higher than the existing INR 15,000/month threshold.”
Vishesh C. Chandiok, CEO, Grant Thornton India
Key highlights from the announcement
|Migrant labour and urban poor
||Small and marginal farmers
Liquidity of INR 5,000 crore to be provided; this will benefit up to 5 million street vendors
Credit Linked Subsidy Scheme to be extended till March 2021 benefitting 2.5 lakh middle-income families
INR 6,000 crore push for CAMPA funds to create job opportunities for Tribals/Adivasis across urban, semi-urban and rural areas
|MUDRA Shishu loans
Interest subvention incentive for loans up to INR 50,000
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