He also acknowledged the budget's focus on maintaining stable tax rates, offering relief for outstanding tax demands up to 2014, and the initiative to construct 2 crore rural houses in the next five years.
Coimbatore: CA G.Karthikeyan, a renowned figure in the financial sector and the Past President of TiE Coimbatore, expressed his strong approval of the Union Budget 2024-25, particularly highlighting the significant allocation for technology research.
Karthikeyan appreciated the creation of a massive corpus of Rs 1 lakh crore dedicated to technology research, a move he believes is crucial for fostering innovation and growth in the technology sector. This substantial investment is seen as a pivotal step in enhancing India's position as a global tech leader.
He also acknowledged the budget's focus on maintaining stable tax rates, offering relief for outstanding tax demands up to 2014, and the initiative to construct 2 crore rural houses in the next five years. These measures, according to Karthikeyan, not only fuel key industries but also open up new job opportunities.
Moreover, he commended the government's management of the fiscal deficit at 5.1%, viewing it as a testament to responsible economic planning and a confidence booster for the overall economic environment.
In summary, Karthikeyan sees the Union Budget 2024-25 as a comprehensive and positive framework, particularly applauding its emphasis on technology research and its potential to drive economic growth and innovation.
Karthikeyan appreciated the creation of a massive corpus of Rs 1 lakh crore dedicated to technology research, a move he believes is crucial for fostering innovation and growth in the technology sector. This substantial investment is seen as a pivotal step in enhancing India's position as a global tech leader.
He also acknowledged the budget's focus on maintaining stable tax rates, offering relief for outstanding tax demands up to 2014, and the initiative to construct 2 crore rural houses in the next five years. These measures, according to Karthikeyan, not only fuel key industries but also open up new job opportunities.
Moreover, he commended the government's management of the fiscal deficit at 5.1%, viewing it as a testament to responsible economic planning and a confidence booster for the overall economic environment.
In summary, Karthikeyan sees the Union Budget 2024-25 as a comprehensive and positive framework, particularly applauding its emphasis on technology research and its potential to drive economic growth and innovation.