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A disappointing budget for A.P : Industrialists

By   /  February 28, 2015  /  No Comments

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Union Budget Presented in Parliament on Saturday has disappointing the industry in Andhra Pradesh. The people stuck a ton of trusts on the Budget and expected that the Center would make a declaration on Special status for Andhra Pradesh.

The Government, on the other hand, dashed their trusts, said industry commanders. The Confederation of Indian Industry (CII) Andhra Pradesh section composed a live tele-survey of budget session here.

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Later, associating with media persons, CII individuals and specialists of different segments said, “The financial backing is frustrating however general plan is sure. The government skipped on certification given to people on Special status.”

CII A.P. Executive Suresh Rayudu Chitturi said: “It is out of line. The business has been holding up for the exceptional status and incentives. . The State government has likewise put its modern approach on hold expecting extraordinary status. Real firms have been picking north-eastern states in perspective of postponement.”

CII Vijayawada Zone past Chairman Y. V. Krishna Mohan said the financial backing did not match expectations. The business would have got a few Investors for MSMEs if extraordinary status was reported, he said.

CII previous Chairman Y. Harischandra Prasad said People were foreseeing that the Center would make a significant procurement to satisfy the procurement of the Reorganization Act. Hopes are high on considerable budgetary procurement for new capital,revenue deficit compensation. The deficit would be around Rs. 16,000 crore. The Center, be that as it may, did not touch upon these crucial issues, he said.

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