Jammu, 01-02-2025: While hailing the Union Budget presented by the Hon’ble Finance Minister in the Parliament today Sh. Arun Gupta, President of the Chamber of Commerce & Industry describes the budget as well balanced with focus on all major sectors like Defence, Health, Agriculture, Development, Exports, women, youth, lower middle-class people, and the Make in India Mission. He felt that the Budget should have made certain provisions for establishing some public sector undertaking to boost Industrial development and Philip to generate employment. He also hoped that while announcing the budget for the UT of J&K the government will announce establishment of a big tourism destination in Jammu to increase the footfall of tourists in Jammu as the rail/road connectivity upto Kashmir Valley will definitely harm the economic growth especially of Jammu City.
Sh. Arun Gupta further said that addition of 36 lifesaving drugs in the list of medicines fully exempted from the basic custom duty is a welcome step as it will provide a big relief to the patients especially suffering from severe chronic diseases like Cancer etc. Setting up of Day Care Cancer Centres in all district hospitals in the next 3 years is also a welcome step.
Sh. Arun Gupta also welcomed the announcement that there will be no Income Tax payable upto Income of Rs. 12 lacs.
He also said that the 100% coverage under Jal Jeevan Mission until 2028 with an enhanced total outlay for quality of infrastructure and maintenance of rural piped water supply schemes through “JanBhagidhari” is a welcome step.