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CIMA Gallary

Mixed bag with hint of burden
Industry partially happy, homemakers dissatisfied with Modi budget

Satyajeet Kumar

Profession: Industrialist

Reaction: This budget can be said to be a construction-centric techno-managerial budget. Too much stress has been laid on construction-driven growth and the budget does not talk in detail about any policies or strategies. For the industrialists, lack of thrust on the manufacturing sector or reforms is not good news for industrialists. The government has talked about a policy on the creation of private industrial parks but the fact remains that it is a far-fetched dream as the state government cannot acquire land on its own. A dismal sum of just Rs 30 crore has been provided to Bihar Industrial Area Development Authority (Biada) for land acquisition. One can say that the Industry sector has been neglected.

High point: The stress on construction-centric growth, including construction of roads and bridges, is a positive step for the industries too

Low point: The industrial sector has been neglected and there is nothing in particular which can restore faith of entrepreneurs. No new policy has been announced in detail

Rating: 4.5/10

KPS Keshri

Profession: Industrialist, president of Bihar Industries Association

Reaction: The state budget is a mixed basket. The plan size has been increased from Rs 28,000 crore to Rs 34,000 crore. As far as the industrial sector is concerned, the announcement of framing a policy on creation of private industrial parks is a positive move because Bihar is in dire need of land. Getting VAT (value added tax) reimbursement would be hassle-free with the introduction of the online applying system. Also, the budgetís stress on the development of infrastructure like roads would make commuting easier. All in all, the budget is satisfactory

High point: The announcement of framing a policy on creating private industrial parks

Low point: We had expected the state government to allocate at least Rs 1,000 crore to the industries in the budget. The total sum allotted is Rs 452 crore, which is a bit disappointing. Also, the bigger budget size would jack up the direct tax

Rating: 6.5/10

PK Agarwal

Profession: Chartered accountant, president of Bihar Chamber of Commerce and Industries

Reaction: Overall, it has been a satisfactory budget and the state government has given the industries the due importance under its limitations. Stress has been laid on trade, industries and economic development and towards developing a better industrial environment. The announcement regarding the completion of the work at the Kanti and Barauni power plants by December this year is good news for us. The availability of land is a major problem in Bihar and the policy on private industrial parks is a good move. The power scenario is likely to improve with the government announcing to set up 13 new transformer maintenance units

High point: The policy on the creation of private industrial parks will solve the land problem and the stress on the completion of power projects

Low Point: More money should have been provided to Biada for industrial land acquisition

Rating:

As a common citizen: 8/10
As an industrialist: 7/10

Rohit Kumar

Profession: Private sector employee

Reaction: The budget is very disappointing. I didnít hear anything on taxation and I am sure that we will have to pay more taxes. The state government has exempted commodities like coconut, kidney beans, incense sticks from tax bracket. How many people actually buy them daily? Why could not they do the same on rice, wheat and sugar? I was watching the budget with my wife and we both agreed that the price rise was imminent now. There is nothing in the budget for the aam aadmi. I heard that funds had been allocated for the construction of residences of MLCs. But there is nothing for the common man

High point: The decision to open an engineering college in Begusarai

Low point: Unfriendly to people

Rating: 1/10

Soma Dey

Profession: Homemaker

Reaction: I am not very happy with the announcements in the budget. The government has made things like matar (peas), kurthi (lentil) and rajma (red kidney beans) tax-free. I donít think any household here uses these food items on a regular basis. I would have been happier had the government given tax waiver to essential commodities like sugar, refined oil and tea because these are the things we use every day

High point: Tax waiver on commercial vehicles bought and driven by women. The stress on road and education sectors is also welcome

Low point: No tax waiver for commodities used daily

Rating: 3/10