The sixth budget presented by T.M. Thomas Isaac, Minister for Finance, seemed to have evoked a positive response from various quarters of the society.
The Kerala Merchants' Union has welcomed the budget, citing that stress has been given to infrastructure development and welfare projects. A press release issued by the union said that it was a positive move to set apart funds for National Highway development, Metro Rail, Vytilla Mobility Hub and the exhibition centre at Kinfra.
Even though the union appreciated the move to mark out Rs.25 crore for merchants losing space in connection with the development of National Highways 47 and 17, it said the amount was not enough.
The union also protested against the direction to submit hard copy of returns after e-filing it not being withdrawn and also not removing the time-limit for regularising sales returns.
The Ernakulam Merchants' Association welcomed the move to mark out Rs.105 crore and Rs.102 crore in tourism and IT sectors, along with Rs.252 crore for health sector.
However, it expressed disappointment to find that none of the suggestions presented at the pre-budget discussions with the Minister were included in the budget.