Volume 1, Issue 17
As a Jewellery retailer, I have no expectations from upcoming budget as such because Modi ji has already applied excise on our products. It has been made compulsory for us to sell all material with Hallmark standard. We are not allowed to sell non branded gold and jewelleries anymore.
Budget 2017, should come up with various amendments that should benefit individuals the most, whether a student, a worker, a businessman or any person managing his livelihood. According to me, stress should be laid on housing schemes, agriculture reforms, digital India and make in India.
I always expect that more emphasis should be given to utilisation of funds then allocations this is the primary concern of budgeting in India govt should step forward and except the misuse and non usages of funds.
I am a farmer by profession and I think that the Crop Insurance Policy should get extended for the betterment of Agricultural sector. There should be a direct relationship between government and farmer, so that no mediator can befool innocent farmers.
Budget 2017 will be introduced in February. I, as a retailer of construction material, have to give high payments of goods and services and probably based on credit or sometimes bad debt also. My business does not have that margin what other businessman are supposed to!! In my opinion, there should have concession on tax due to higher income with small margin. Credit path is a loophole to that business but it cannot be relevant to bring for tax law and invoice. There should be lower tax rate for the retailer. And it should also have to work on infrastructure to our rural areas like schools, education, roads etc.