ASSOCHAM suggests women-friendly Budget

In its pre-Budget recommendations to the Finance Ministry, the chamber has made out a strong case for the re-boot of the consumer demand that will bring in vibrancy in the economic cycle of demand leading to investment and employment.         

“While we are confident about a positive multiplier effect of the leaving more money in the hands of the tax payers, a lot of women specific proposals be brought in the Budget so as to empower them economically,” the chamber president Sunil Kanoria said in a statement. 

In its memorandum to the Finance Ministry, the chamber has made a specific recommendation for allowing exemption for creche provision either within the organisation or through specific tie-up through commercial creche providers. An allowance of up to Rs 2,500 per child every month for up to two children may be provided for. 

The chamber has recommended that the children education allowance exemption limit can go up from the present Rs 100 to Rs 1,000 per month. Likewise, the hostel expenditure allowance which is presently exempt up to Rs 300 per month child for maximum of two children be increased to Rs 3,000 per month.