Updated:
Share Article
AAA
The Tamil Nadu Vanigar Sangankalin Peramaippu has expressed disappointment over the Union Budget as “it did not have any of the expected announcements.”
While it is heartening to note the provision of ₹35,000 crore for COVID-19 vaccination and the record collection of GST over the past few months, the absence of any relief to pandemic-hit traders in the form of tax relief, concessions, and soft loans is a huge let-down, said Ve. Govindarajalu, general secretary of the association. The absence of any move to increase the ceiling on personal income tax was also disappointing, he added.
Although the Finance Minister Nirmala Sitharaman had said that the consumer would not have to bear any additional burden as the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) on petrol and diesel is being reduced consequent to imposition of Agriculture Infrastructure and Development Cess (AIDC), Mr.Govindarajalu said the imposition of the cess coul