Govt taken definite steps towards strengthening the economy: Shahnaz Husain

The proposal to form a committee that will be responsible for guiding and empowering women in rural India will encourage more women to take part in the work ecosystem, while giving them a boost to start their own entrepreneurial journey.

Jul 05, 2019 08:07 IST India Infoline News Service

Budget 2019 is a historic budget! For the first time in India, the Union Budget has been presented by our woman Finance Minister. The Government has taken definite steps towards strengthening the economy and further improving the infrastructure. 
 
The proposal to form a committee that will be responsible for guiding and empowering women in rural India will encourage more women to take part in the work ecosystem, while giving them a boost to start their own entrepreneurial journey. The expansion of 'Nari Tu Narayani': Women SHG Interest Subvention Program, offering Rs 1 lakh to the women members of this community under Mudra scheme and enabling every verified woman SHG member with a Jan Dhan account to avail Rs5,000 in the form of overdraft, are some of the other remarkable initiatives, which will empower women and result in their greater participation across India.
 
As far as the beauty industry is concerned, it is booming and there is a demand for skilled workers. Therefore, emphasis on the new education policy and Skill Development, including Artificial Intelligence within its ambit is most welcome. 
 
For the industry, the reduction in corporate tax to 25% for most companies is a welcome step. It will provide a boost to the manufacturing sector. Overall, I would call this budget a balanced one.
 
Shahnaz Husain is the Chairperson & Managing Director of the Shahnaz Husain Group

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