FinMin begins pre-budget talks

FinMin begins pre-budget talks

SRINAGAR: Finance Minister Dr Haseeb Ahmad Drabu Monday held detailed deliberations with the trade and business associations here as part of his pre-budget consultations.
An official handout issued here said the minister interacted with the stakeholders in presence of senior administrative officials including Principal Secretary Finance B B Vyas, Commissioner Commercial Taxes Zafar Ahmad, Additional Commissioner CT Dr Shamim Ahmad, and Director Finance Showkat Ajaz.
Drabu, according to the statement, paid “due ear” to suggestions put forward by the representatives, assuring that their “genuine demands and suggestions” will be given “due consideration” while framing the budget.
“…Government will always appreciate stakeholders to come forward and appraise about the concessions which need to be given to business community for undertaking their trade smoothly,” he was quoted as saying. “Members of trade industry should cooperate with the government in increasing the revenue component for the progress, development and prosperity of the state.”
“Simplifying” business system and its policies, he said, will be among priorities of the government. Focused attention will be given to the growth of business sector by providing necessary support, so that people associated with the trade commerce and industry are benefitted and the revenue component is increased, he added.
Kashmir Traders and Manufacturers Federation, Kashmir Economic Alliance, Federation Chamber of Industries Kashmir, Kashmir Chamber of Commerce and Industries (KCCI), Kashmir Hotel and Restaurant Owners Federation, Kashmir Hotel and Restaurant Association, Kashmir Economic Alliance, Kashmir Traders Federation, Kashmir Motor Drivers Association, Western Bus Service Association, All Valley Fruit Growers-cum-dealers Union, Urban Poultry Dealers Association, and Kashmir Traders and Manufacturers Federation were part of the discussions, the handout said.
KCCI, in its press statement, said it has submitted a list of suggestions to the Finance Minister for inclusion in the budget.
The Chamber has made suggestions for development of almost all crucial sectors concerning the economy of the state. These include Handicrafts, Tourism, Food Processing Sector, and Power.
Among other things, KCCI has asked the government to push for the return of power projects under the New Delhi owned NHPC.

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