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| Pre-budget discussions at Jammu | | ‘Revenue mobilization must for progressive budget’ | | EARLY TIMES REPORT
Jammu, Feb 9- Minister for Finance and Ladakh Affairs, Abdul Rahim Rather today conducted pre-budget discussion with different segments of trade and industry of Jammu on the second consecutive day.
During the six-hour interaction with the representatives from PHD Chamber of Commerce and Industry, intellectuals, academicians, Jammu Hotel Restaurant Bar Association, Transport Association, Institution of Public Opinion and Confederation of Indian Industry,(CII), various views and suggestions were put forth for the consideration of the Government to make the new budget in tune with the aspirations of the trade and industry.
Speaking on the occasion, Rather sought wholehearted cooperation of the trade and industry for increasing the status revenues, adding, it was imperative for overall economic growth of the State. He said the pre-budget discussions initiated by him has proved very useful and beneficial in framing blue print for a people-friendly budget, adding, this year too, suggestions from a wide cross section of society would be given due weightage in budget formulation exercise.
“It is our endeavour to solve the problems of the people, traders and businessmen, for which reforms in excise and taxation department have been initiated,’’ he said, adding, that tax reforms are being implemented in the State keeping in view the larger interests of the people and segments of trade and industry”.
The suggestions of the PHD Chamber of Commerce and Industry mainly focused on power sector reforms and revenue mobilization, with thrust on forging public private participation in the tourism industry.
Jammu Hotel Restaurant Bar Association suggested reduction in VAT on food and beverage from 13.5% to 4%, and continuation of tax holiday announced in last budget for five years to revive tourism sector in the State and implementation of guidelines regarding eco-tourism.
Economic Advisor, Jalil Ahmad Khan, Commissioner-Secretary, Finance, Sudhanshu Pandey, Commissioner, Commercial Taxes, Khawaja Bashir, Excise Commissioner, G. A. Peer and other officers were present in the meeting. Besides, Manoj Bhat, Prof. A. N. Sudhir, Prof. Neelu Rohmetra, Prof. Desh Bandhu Gupta, Prof. Dipender Sengupta, Chairman J&K State Committee, PHD Chamber of Commerce and Industry, Vikrant Kuthiala, President, Jammu Hotel Restaurant Bar Association, H. S. Anand, 20 members team of Institute of Public Opinion led by its Chairman, Arun Sharma, CII led by Vicky Mahajan and other representatives of several segments of industry also attended the meeting.
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