Dubai: Dr B R Shetty’s quote on Indian Union Budget - 2015


Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print
- Media Release

Dubai, 02 Mar 2015: ‘Overall, the Budget has been positive on many fronts. Focus on Make in India will set India off on a faster trajectory of growth opening up more avenues for NRIs to contribute to the nation’s development. Reduction in Corporate Tax from 30 to 25 percent over a 4-year period, allowing foreign investments in Alternative Investment Funds, as well as replacing FDI and FPI with composite caps, will be welcomed graciously by NRIs looking to invest in India.

 

The budget saw a strategic focus on Financial Inclusion. After the Prime Minister’s Jan Dhan Yojana, the Government’s initiative to launch a National Skills Mission is a commendable step towards development through this route. Given that Indians are much sought-after worldwide for their integrity and commitment, strong skills will add to this and make India a treasure trove of multi-skilled youth. This will increase the earning capacity of the expatriate workforce, thereby enabling them to directly remit more money home, contributing to economic boost.

 

Additionally, the initiative of enacting new law on Black Money is a positive step towards tackling the menace of Hawala system. If stringent regulations are followed in this front, legal remittances would increase India’s foreign assets and broad money, signaling economic growth.’

 

Dr B R Shetty, MD & CEO, UAE Exchange

 

 

Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Kindly do not post any abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful material or SPAM. BelleVision.com reserves the right to block/ remove without notice any content received from users.
GTI MarigoldGTI Marigold
Anil Studio
Badminton Sports AcademyBadminton Sports Academy

Now open at Al Qusais

Veez Konkani IllustratedVEEZ Konkani

Weekly e-Magazine

New State Bank of India, Customer Service Point
Cool House ConstructionCool House Construction
Uzvaad FortnightlyUzvaad Fortnightly

Call : 91 9482810148

Your ad Here
Power Care
Ryan Intl Mangaluru
Ryan International
pearl printing
https://samuelsequeira.substack.com/publish
Omintec
Kittall.ComKittall.Com

Konkani Literature World

Konkanipoetry.com
Bluechem