Janata Dal raps Union budget

He pointed out that thought the budget looked people-friendly and pro-reforms, a detailed study revealed that it did not cater to any particular class.

Former Deputy Mayor Pratap Ramchandani, on the other hand, has appreciated the finance minister8217;s initiative towards boosting the Small Scale Industries by raising the general import custom duty and reduction in various excise duties. 8220;Raising the excise exemption limit to Rs 50 lakh will provide a breather to SSIs,8221; Ramchandani observed, adding that the the minister8217;s announcement to reduce the existing archaic laws and bring amendments to make them consistent with modern financial and banking systems would benefit the SSI sector and make them globally competitive.