Leading Industry body Indian Chamber of Commerce Hails State Budget

Leading Industry body Indian Chamber of Commerce Hails State Budget

The Indian Chamber of Commerce, the North East Initiative hailed the Union Budget today presented by the Presenting the annual financial statement for the next fiscal, Assam Finance
Minister Ajanta Neog also said the government will support the education of 10 lakh girls up to post graduation level in order to eliminate child marriage from society.

The Budget Estimates of 2024-25 show a receipt of Rs 1,43,605.56 crore under the Consolidated Fund of the state. After adding the receipt of Rs 1,44,550.08 crore . As against this, the total expenditure from the Consolidated Fund in 2024-25 is estimated at Rs 1, 43,890.62 crore, Neog said. The budget has a deficit of Rs 774.47 crore and no added no taxes.

Speaking about it Mr. Mahesh Kumar Saharia, Chairman of ICC, North Eastern region said that the budget has been very inclusive taking all categories of citizens along with all the basic economic parameters. The Finance Minister specifically mentioned in her budget speech that the development of Woman Child is a priority for the Government of Assam. This perspective of the Govt of India will boost new economic activities and opportunities for North east, said Mr. Sarat Kumar Jain, Chairman of Assam & Meghalaya State Council, Indian Chamber of Commerce.

She further said that taking into account, the expenditure of Rs 1,42,670.09 crore under the Public Account and Rs 2,000 crore under the Contingency Fund, the aggregate expenditure for the year is estimated at Rs 2,88,560.71 crore. Talking about the size of the state economy, Neog said the GSDP is estimated to touch Rs 6.43 lakh crore during the next financial year as againstRs 5.7 lakh crore in 2023-24. Mr. Sarat Kumar Jain, Chairman of Assam & Meghalaya State Council, Indian Chamber of Commerce said this is path to better fiscal health.

The government has steadfastly focused on promoting inclusivity and guaranteeing ease of leaving for everyone with improved housing. This deliberate step not only tackles the housing
requirements of rural communities but also propels growth in the housing sector within these regions said Mr. Sarat Kumar Jain, Chairman of Assam & Meghalaya State Council, Indian
Chamber of Commerce.


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