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Govt promises investor friendly reforms
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SME Times News Bureau | 10 Jun, 2014
The government Monday said it will rationalise and simplify the
tax regime and undertake reforms that enhance the ease of doing business
and revive investments.
Outlining the new government's agenda,
President Pranab Mukherjee said the government led by Prime Minister
Narendra Modi will create a policy environment which is "predictable,
transparent and fair."
"It will embark on rationalisation and
simplification of the tax regime to make it non-adversarial and
conducive to investment, enterprise and growth," Mukherjee said,
addressing the joint session of the two houses of parliament.
"Reforms
will be undertaken to enhance the ease of doing business. My government
will follow a policy of encouraging investments, including through FDI;
which will be allowed in sectors that help create jobs and assets," he
said.
For creation of jobs in the manufacturing sector,
Mukherjee said the government will strategically promote
labour-intensive manufacturing.
Referring to the recent slowdown
in GDP growth, the president said the economy is passing through an "extremely difficult" phase and putting it back of track is a paramount
task for the new government.
The Indian economy grew at below-5
percent for the second consecutive year in 2013-14, the worst
performance in more than a decade. The country's gross domestic product
(GDP) expanded by 4.5 percent in 2012-13 and is estimated to grow by 4.7
percent in 2013-14, according to the Central Statistics Office (CSO)
data.
"We will work together to usher our economy into a high
growth path, rein in inflation, reignite the investment cycle,
accelerate job creation and restore the confidence of the domestic as
well as international community in our economy," he said.
During
his 55-minute address, Mukherjee said the government will make every
effort to introduce the Goods and Services Tax (GST) while addressing
the concerns of states.
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CGTFSME Scheme
Shekhar | Tue Oct 14 15:17:42 2014
I would like to tell to PM Modi ji that all bank demand for colletral security for any loan of msme even they do not take interest in the project which is relared to a new eneterpreneour. How the new enterp will come if you can not support to a new business. we have two project under process of loan but every bank ask for colletral security vervally no one say it in writing. Even A state bank branch is opened for our ind area but the manager do not entertain any loan of industry fact is this that you are only with the FDI and big corporate sector and bank also for them. change your policy and start this policy / scheme for only new enterpreneour. reply me at corbettjunglein@gmail.com
CGTFSME LOAN
SMT. PUSHPA SRIVASTAVA | Wed Jun 11 20:27:34 2014
As woman enterpenure I want setup a small scalp industry in most baackward Dtst. Of Bhind by total project cost of 140 LAKHS, MY CONTRIBUTIONS WILL BE 40 LAKHS,WANT 100 LAKHS OF LOAN FROM BANK .WILL GIVE EMOLUMENTS TO 39 . MY PROJRCT IS VERY VIABLE. BUT NOT BANK IS TAKING ANY INTEREST.
PL. LOOK INTO THR MATTER.
SMT PUSHPA SRIBASTAVA
EMAI: umeshnipl@gmal.com
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As on 13 Aug, 2022 |
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