Lawmaker Rana praises budget, claims it is private sector-friendly
लगानी न्यूज
. Lawmaker Bidushi Rana has described the budget presented by the government for the coming fiscal year as private sector-friendly, focused on investment encouragement and employment generation.
Participating in the discussion on the budget in the House of Representatives on Thursday, she said that the budget has boosted the morale of the private sector.TAG_OPEN_div_26 She expressed the view that the budget brought by the government was bold, visionary and helpful in accelerating the economic activities.
TAG_OPEN_div_24″The budget brought by the government is very bold, far-reaching and private sector-friendly,” she said.
Rana said that the budget has prepared the necessary basis for industrialization, investment expansion and employment generation.TAG_OPEN_div_22 According to him, the market is currently empty of business shutters, large amounts of money are piled up in the vaults of banks, and the investment climate has become weak. At the same time, the production capacity of the industries is also decreasing, he said.
“In the midst of such a dismal situation, this budget has tried to link demand, production, investment and employment in a single cycle,” she said.
She said that the government has given a positive message to the private sector, saying that the industrialists and entrepreneurs give importance not only to the interest rate but also to the condition of the market and the support of the government.TAG_OPEN_div_18 He claimed that the state was no longer on the side of middlemen but on the side of producers.
According to him, reducing customs duty on raw materials and scrapping some duties have taken important policy steps towards industrial development and building a productive economy.TAG_OPEN_div_16
Rana said that the budget has also taken the tax administration in the direction of reform.TAG_OPEN_div_14 “This budget has tried to put an end to the tendency of making industrialists a double cow of tax,” she said. According to him, the budget has put forward a new vision to establish tax compliance as a collaboration between the state and private sector rather than a matter of punishment.
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