Newsdesk :: The government wants to increase employment by encouraging the organized sector. The government is forgetting that the unorganized sector provides 90% employment while the organized sector creates only 10% employment. Unfortunately, the government did not make any provision in the budget regarding 90% category.

There is no provision in the budget that increases the purchasing power in the hands of the consumer. The corporate and agricultural sector will benefit from the growth of infrastructure. The traders have neither received any tax exemption nor have any relief in the bank’s interest. There is now a possibility of blocking a lot of working capital in GST input tax credit because the seller has will get input tax credit only upon filing GSTR-1. Some provisions of income tax will provide ease of business otherwise traders have no benefit in tax. The promotion of artificial intelligence and machine learning is a welcome step but no plan has been given for the gradual development of MSMEs which is quite disappointing especially as more arrangements were needed for the flow of capital.
This budget has been a disappointing budget for retail and medium traders.