The News Scroll 03 February 2020  Last Updated at 6:10 pm | Source: PTI

The Budget Announced Today is Dynamic and Progressive for the Indian Economy

The Budget Announced Today is Dynamic and Progressive for the Indian Economy
(Eds: Disclaimer: The following press release comes to you under an arrangement with NewsVoir. PTI takes no editorial responsibility for the same.) New Delhi, Delhi, India (NewsVoir) Dr. Rashmi Saluja, Non-Executive Chairman - Religare Enterprises. “The Budget announcement made by the Union Finance Minister today was visionary and demonstrates the government’s intent to focus on demand generation, spurring jobs, increase infrastructure spends, attract foreign institutional investors and increase farm income. Amendment in the Factor Regulation Act 2011 will enable NBFCs to extend invoice financing to the MSMEs through TReDS, thereby enhancing their economic and financial sustainability. This is a welcome step and will instill confidence and bring optimism in the sector. Introduction of a scheme to provide subordinate debt for entrepreneurs of MSMEs is a welcome step and I am confident that the Indian NBFC sector will reap the benefits of this growth stimulus and SME focused initiatives and be on the growth path soon.” PWR PWR

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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