Kolkata, Feb 01 : Indian Chamber of Commerce Today  appreciated the growth-oriented policy direction of the Union Budget based on EoDB, reforms, clear direction based on digital transformation. Budget measures would raise demand, support consumption, fast track economic recovery, support Employment generation and Output in the Economy, a media statement said. In this regard, Pradeep Sureka, President ICC & MD, Sureka Group, said, “It is an extremely growth-centric budget which every industry needed due to the pandemic and fast recovery of their respective businesses. It was a huge challenge for the Central government as well owing to the dip of the Indian economy and how to take it to the path of most awaited ‘V’ shape recovery but the government has thoughtfully curated the same focusing almost on every sector ranging from agriculture to employment to sustainable organisations and most importantly e-commerce and digital banking. One lakh crore interest free loan has been approved to the State Governments which will boost the PM Gati Shakti projects and create employment opportunities. We believe it a balanced budget with something or the other for every sector.” J B Pany, Chairman & Mentor, OBPOO Solutions Pvt. Ltd, said, “The emphasis on infrastructural growth is very positive in the budget but in the past, we have seen more expenditure being allotted but lesser amount of spending in the same, this year we have noticed an allocation of Seven Lac Crores and it would be interesting to see how it turns out to be when it comes to spending on the same. Like other countries, India has given the focus on the digital currency which is progressive and we will know the implementation in the future.” M.K Saharia, Chairman ICC Odisha State Council, said, “We are delighted to notice the capital expenditure in the progress of east and North-East India and which is 2.9% of the entire GDP and the initiative of all the state capitals of East and North-East India to connect through railway. This is indeed a progressive budget for us from which a lot of people will be benefitted.” Ameya Prabhu, Vice-President ICC, and Managing Director, Nafa Capital advisors Pvt. Ltd, commented, ” The overall progressive budget has made an unexpected yet positive view on digital currency at a time when Crypto was to be banned yet a few months ago and it has come as a relief to many. Though there is a fiscal deficit of 6.9% still the government has given a huge push to the infrastructure and logistics industry as large and apart from personal tax payers on many aspects corporate tax payers are going to be benefitted in the long term too.” The Budget has also taken a multipronged developmental approach for the Agriculture sector and MSMEs. To boost employment and promote innovation the Government has decided to promote start-ups, especially in drone manufacturing. ICC also supported the move that will bring cryptocurrencies and non-fungible tokens (NFTs) under a tax net, a 30 per cent tax has been laid on any income from the ownership of virtual digital assets. The clean tech and energy sector will get a boost from the measures introduced in the budget, including increased allocation for Solar Power, Sovereign Green Bonds and support for EVs. (UNI)