Budget been delivered by the FM (Finance Minister) for FY 14-15 and it’s been thumbs up by the Industry Bosses. Tax exemption been increase for every individual and make investment opportunity in this particular more relax as compare to previous budget.
Now
debate started that is this budget will create the jobs in FY 14-15. Because FM
try to touches every pros and cons of country economy and has a bit for
everyone. As per www.naukrisearch.com which is job portal website in India says “this
budget speech failed to reflect job creation, but reduction in basic custom
duties (BCD) it will boost manufacturing sector, so we can say there is space to
create the jobs by industries”.
Government
is taking positive steps to revive economic growth. In terms of disinvestment
in public sector banks, FDI in insurance and defence sector raised to 49%,
manufacturing free to sell on E-Commerce platforms, advance ruling made available
to domestic companies and giving reduction in basic custom duty to boost manufacturing
sector. Corporate Inc is saying is positive sign for job creation. Any countries
major economy is depend upon their manufacturing sector so government take the
steps to revive the manufacturing sector and towards job creation. In other
sector like in Insurance, Defence and Banking sector specially now have the
huge advantage in coming future to create millions of jobs by including FDI and
disinvestment in this budget, so these sectors are hotspot in terms of jobs.
In
banking sector RBI gives licence to two NBFC (Non Banking Financial Companies) before
budget i.e. IDFC and Bhandhan Financial services. They expected to launch
banking operation next year probably. So looking all these scenario of banking
sector is looking quite strong to generate jobs in India.
Real
sector and Infrastructure sector of country is also looking hot sector for job
creation after giving boost by RBI and government both regarding not to
maintain CRR and SLR in lending to mortgages and low cost housing development
in the country get the tax benefit respectively.
In
short sectors like Banking, Insurance, Defence, Real Estate and Infrastructure
collectively create 10 million jobs in coming 2 years which is positive vibe
for job seekers in country. This boost comes after the election results and
maiden budget by the Finance Minister of country. Other than those other sectors like aviation,
pharmaceutical, FMCG, Oil and Gas have also something in budget to revive them
and create jobs. So coming two years is very crucial for India economy and
generating jobs.
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