On Monday the 29th of February the Indian minister of finance Arun Jaitley presented the new union budget of India. In his speech the finance minister stated that farmers, the poor and vulnerable should benefit from the new plan.
Thus the winners of the new budget are the rural and social sector. The income of farmers shall be doubled by 2020 and furthermore Jaitley wants to subsidize irrigation. Furthermore the budget seeks to make 9 trillion Rupees available for farmers as credit.
For the development of infrastructure the union budget accredits 2.21trillion Rupees.
Coal producers and car makers are disadvantaged as it seeks to increase the tax. Additionally the duty on the jewelry and cigarettes are also to be increased.
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We look back at the India Week Hamburg 2017!
"If a city like Hamburg gives a country like India the space to present itself in all its facets, then this is a wonderful initiative, for which I congratulate the City of Hamburg.", says Ulrich Bäumer, Partner at Osborne Clarke in the DMA interview and we can only agree enthusiastically. Find out more about the past events in our blog post and the short videos of the Medienakademie Hamburg....More