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Budget 2024 Quotes

Published: February 1, 2024

“Being an election year, the government has adopted a policy of minimal changes. Instead of freebies, the government has looked at real upliftment & growth through the building of rural houses, Rooftop solarisation meeting sustainability goals & providing free electricity, increasing seats for medical students, vaccination, modern storage for agricultural products, increasing dairy productivity, aqua parks etc. The government continues to work towards fiscal consolidation, which should help build credibility globally. Interest-free or near-interest-free long-term loans for Research is a welcome step and so is enhanced investment in infrastructure and city development. Some of this investment must be allocated towards cleaner cities with better waste management.” Mr. Pankaj Poddar, Group CEO, Cosmo First Limited.

“The 1 lakh crore corpus with a 50-year interest-free loan to scale up R&D in sunrise sectors will facilitate innovation. To promote green growth, a new scheme of bio-manufacturing and bio-foundry will be launched. This will provide environment-friendly alternatives such as biodegradable polymers, which will facilitate the flexible packaging industry. The timeline for lower tax rate for new manufacturing companies could have been extended. Overall, this budget will facilitate India in the upcoming five years, as mentioned by the honourable Finance Minister, and propel us towards an inclusive Atmanirbhar Bharat.” Mr. Neeraj Jain, Group CEO, Cosmo First Limited

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