Summary:
Small and moderate traders experienced acute woes, but with income tax relaxation the market is likely to witness increased flow of money," said SCCI general secretary Vijay Anand Moonka. "The incremental rebate of 2% on Rs 1 crore loan for GST-registered SMEs will be helpful for micro enterprises. "Following the implementation of demonetisation in 2016 and Goods and Services Tax (GST) regime in 2017, market was under strain. The decision to increase sourcing from MSMEs from government undertakings to 25% from 15% was announced at least two months ago. ASIA general secretary Ashish Khetan said: "Ancillary owners of Adityapur were not expectating much as it was an interim Budget..