With Trade Unions and Associations, political parties and organizations discussing about the new Kerala Budget for the year 2012-13, we know by now that the reactions are mixed. And we really cannot decide as of now whether the budget would do more of good than bad for our state. Here is what the Cochin Rubber Merchant’s Association thinks about the budget, and their take on how this would benefit Kochi.
Here is what Shri. G. P. Goyal, President of Cochin Rubber Merchant’s Association says about the budget. “We, the cochin rubber merchants association, welcome the budget proposals placed before the assembly by the honorable Finance Minister of Kerala. It is a prudent budget taking in to consideration the present economic scenario of the state. The finance minister has sincerely tried to bring justice to most of the people and the future needs of the society in general.”
He also added that, “The increase in VAT rates will pave the way to inflationary pressures to some extent. But the explanations for such increase given by the finance minister are also worth considering. The development of Kochi, the commercial capital of Kerala state which contributes the major share of taxation to the exchequer is also favorably considered in the Budget. Once again we congratulate the finance minister for presenting the well balanced Budget which will give an overall boosting to trade & industry”.