New Delhi, January 27
Supreme Court dismissed the plea to change Budget 2017 date from February 1. Advocate ML Sharma filed the petition claiming the upcoming assembly elections in five states would be affected by it.
The Central budget 2017-18 is ready and the BJP-led NDA government will present the budget 2017 on February 1. Countless requests came from each field to the Central government and none can predict how many of these are going to the dustbin and how may would be considered.
But let us see what the market regulator sebi is expecting from the budget. And if they get their request, what benefits the investors would be getting is a million dollar question.
Small scale industries are the worst directly hit due to demonetization. Both small and medium scale industries were drastically affected by note ban. The SMEs share in national industrial production is 45 per cent and they will enjoy 45 per cent share in exports also. Some measures were announced by the PM earlier, which came in for criticism by political opponents for getting ahead of the FM.
Brokering community has requested the Centre to take initiation in the budget if it wants more and more funds in equity market. Especially, more investors would come forward to invest in capital market if transaction tax is lowered.