Move to constitute panel to monitor plan lauded
`Response to demands of industry are positive' Eight-year special development plan initiated
GULBARGA: The Hyderabad Karnataka Chambers of Commerce and Industry (HKCCI) has welcomed the proposals of the State Budget for 2007-08.
President of the HKCCI Umakant Nigudgi said here on Friday that this was the first time the Government has made a firm commitment to implement the recommendations of the High Power Committee for the Redressal of Regional Imbalances.
He said the Government had initiated an eight-year time-bound special development plan as recommended by the committee and allocated Rs. 1,571 crore for 2007-08. Mr. Nigudgi welcomed the move to constitute a high power committee to monitor the implementation of the special development plan for the backward areas identified by the committee. Mr. Nigudgi also lauded the move to sanction a Horticulture College in Bidar and Dairy Development College in Gulbarga district and a Horticulture University in Bagalkot. He said this would go a long way in boosting the development of the Hyderabad-Karnataka region.
He said the Deputy Chief Minister had responded positively to the demands of the HKCCI, which were made during the pre-budget discussion, and had exempted Red Gram from the purview of VAT for one more year. Along with Red Gram the other crops that have been given this exemption included, rice, paddy and wheat. The proposal to reduce the tax on rubber tyres and tubes of tractors, software licenses and used motor vehicles from 12.5 per cent to 4 per cent was also commendable, he said.
Mr. Nigudgi said the proposal to expedite construction of the airport in Gulbarga was another good move.
The decision of the Government to impose a ban on arrack and lottery and implement the recommendations of the Fifth Pay Commission was laudable. However, Mr. Nigudgi said it was discouraging to note that the budget has made a provision of only Rs. 53 crore for the Hyderabad Karnataka Development Board.