Budget 2024: Pune's Education, Real Estate, and Business Sectors React
Pune, 23rd July 2024: Union Finance Minister Nirmala Sitharaman presented the Budget 2024 today, with reactions pouring in from Pune's education, real estate, hospital, and business communities.
Budget 2024PuneEducationReal EstateBusinessEconomyFinanceIndiaReal Estate PuneJul 23, 2024
Baba Kalyani, Chairman & MD, Bharat Forge Ltd, praised the budget's focus on natural farming, agricultural productivity, job creation, and employment. He commended the government's approach to skilling and urban development, highlighting the potential for long-term economic growth.
Prakash Chhabria, Executive Chairman, Finolex Industries Ltd, appreciated the budget's emphasis on manufacturing, agriculture, and infrastructure development. He expressed optimism about the credit guarantee scheme for MSMEs and the establishment of e-commerce export hubs.
Dr. Ajit Ranade, Vice Chancellor of Gokhale Institute of Politics and Economics, welcomed the budget's focus on employment creation, apprenticeships, and student loans. He highlighted the importance of investment in infrastructure and human capital for sustained economic growth.
Vidyadhar Purandare, Secretary, Software Exporters association of Pune (SEAP), appreciated the abolition of angel tax for all classes of investors, which will benefit the start-up ecosystem. He also welcomed the corporate tax relief for foreign companies.
Dr. Pramod Chaudhari, Executive Chairman, Praj Industries Limited, lauded the budget's focus on Garib, Yuva, Annadata & Nari, which will lead to all-inclusive growth. He praised the financing scheme for private sector-driven research and innovation at commercial scale.
Abrarali Dalal, Director & CEO, Sahyadri Hospitals, appreciated the increased allocation for healthcare development, maintenance, and improvement. He highlighted the benefits of the 'Anusandhan National Research Fund' for innovation and development in the healthcare sector.
Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, commended the budget's focus on fostering economic resilience and inclusive growth. He highlighted the potential for growth in the insurance industry, particularly in agriculture, infrastructure, and employment.
Sachin Bhandari, Executive Director and CEO, VTP Realty, analyzed the impact of the budget on the real estate sector. He expressed concerns about the rationalization of the Long Term Capital Gains (LTCG) tax and its potential impact on investor sentiment.
Niranjan Kirloskar, Managing Director – Fleetguard Filters Pvt. Ltd, appreciated the budget's focus on skilling, employment, manufacturing, and R&D. He highlighted the importance of investing in employees and rigorous research and development.
H P Srivastava, Vice Chairman, Deccan Chamber of Commerce, Industries & Agriculture (DCCIA), emphasized the importance of creating employment opportunities. He welcomed the initiatives aimed at skilling and employment, but expressed disappointment about the lack of major steps to increase consumption.
Dr. Preeti Joshi, Principal – Arts, Humanities and Social Sciences, Sri Balaji University, Pune (SBUP), appreciated the allocation of ₹1.48 lakh crore for education, skilling, and employment. She highlighted the potential benefits of the e-voucher scheme for higher education and skill development.
Dr. Maithili Tambe, CEO, The Academy School (TAS), Pune, welcomed the budget's focus on education, employment, and skilling. She highlighted the importance of empowering the nation's youth and enhancing the educational landscape.
Bharat Forge Ltd is a leading Indian multinational company that plays a critical role in the country's economic growth. Finolex Industries Ltd is a major player in the Indian manufacturing sector. Gokhale Institute of Politics and Economics is a renowned institution that provides valuable insights into the country's economic development. Software Exporters association of Pune (SEAP) represents the interests of the Indian software industry. Praj Industries Limited is a leading bio-based technology company that contributes to India's energy security. Sahyadri Hospitals is a prominent healthcare service provider in Pune. Bajaj Allianz General Insurance is a leading insurance company that provides a range of financial services. VTP Realty is a major player in Pune's real estate sector. Fleetguard Filters Pvt. Ltd is a leading manufacturer of automotive and industrial filters. Deccan Chamber of Commerce, Industries & Agriculture (DCCIA) is a prominent industry body that represents the interests of the business community in Pune. Sri Balaji University, Pune (SBUP) is a renowned institution that provides quality education in various fields. The Academy School (TAS), Pune is a leading educational institution that focuses on providing holistic education.
Frequently Asked Questions
What is the focus of Budget 2024?
The focus of Budget 2024 is on strengthening the fundamental pillars that would propel Indian economy towards a Viksit Bharat, with emphasis on natural farming, agricultural productivity, job creation, and employment.
How will the budget impact the real estate sector?
The budget's rationalization of the Long Term Capital Gains (LTCG) tax may dampen investor sentiment, but the initiatives aimed at promoting MSMEs, extending credit guarantees, and furthering infrastructure development may drive growth in the affordable and mid-level real estate segments.
What are the benefits of the 'Anusandhan National Research Fund'?
The 'Anusandhan National Research Fund' will foster innovation, development, and improved treatment options in the healthcare sector, enhancing the affordability and accessibility of healthcare.
How will the budget impact the education sector?
The budget's allocation of ₹1.48 lakh crore for education, skilling, and employment will benefit the youth of the country, and the e-voucher scheme for higher education will encourage talented youngsters to pursue higher education within the country.
What is the significance of the 'Prime Minister's Internship' programme?
The 'Prime Minister's Internship' programme aims to skill one crore youths in top companies in five years, creating employment opportunities and driving economic growth.
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