At the time of the budget, all industries look forward to see what is in store for them as that gives direction to their future plans. The proposal for the food sector that has been made by the Finance Minister in the Union Budget 16 -17 is that hundred percent FDI be allowed in the […]
Union Budget makes announcement to encourage organic farming
Finance Minister, Arun Jaitley announced a number of measures to help the drought struck farming sector in the Union Budget 2016-17. A Long-Term Irrigation Fund will be set up to help farmers in the drought-prone areas. Organic farming will be encouraged in those areas that are rain fed and which make up almost 55 percent […]
Mr. Arun Jaitley Announces Reduction in Excise Duty for Food Processing & Packaging Industry
The Finance Minister Mr. Arun Jaitley, with a view to provide incentive to the food processing industry has announced, in the Budget 2014 – 15, a reduction from 10% to 6% in excise duty on specified food processing and packaging machinery. The food sector has shown a mixed reaction to this announcement. Chairman of the […]