November 24, 2024 08:32 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Mahayuti routs MVA in Maharashtra, INDIA retains Jharkhand; Priyanka's triumphant poll debut | How can Mahayuti win over 200 seats? Sanjay Raut cries foul over Maharashtra mandate | 'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant
Siemens welcomes Union Budget's focus on skill development

Siemens welcomes Union Budget's focus on skill development

| | 29 Feb 2016, 07:09 pm
New Delhi, Feb 29 (IBNS): Sunil Mathur, MD & CEO, Siemens Ltd welcomed the Union Budget's focus on rural, social and skill development, which was presented by Union Finance Minister Arun Jaitley on Monday.

He called the budget an inclusive one with steps which have been proposed to simplify tax laws and improve ease of doing business.

"We welcome the focus of the budget on rural, social & skill development, making it an inclusive budget as also steps which have been proposed to simplify tax laws and improve ease of doing business," Mathur said.

"We also welcome the increased investments in railways & highways and hope that the government acts upon rationalizing  corporate tax & interest rates to encourage private sector spending," said he.

Jaitley on Monday presented the Union Budget 2016 focusing on rural development and farm and social sector along with infrastructure with analysts terming it a pro-poor, pro-agriculture move that throws a challenge to the government to implement in reality.

Major focus of the budget is on agriculture and farmers’ welfare, with a massive mission to provide LPG connection to poor households, a new health protection scheme, increased outlay for infrastructure,  Rs. 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities and setting up of 1500 Multi Skill Training Institutes and incentives for jobs creation.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.