Union Minister Anand Sharma has high hopes from the budget

 

Union budget is just a week away from being announced
and Anand Sharma, the Union Commerce and industry
minister on Friday was quit positive on the viewthat the  
stimulus package would not be withdrawn from the labour
intensive sectors which include the engineering goods, leather
and garments.

These sectors are already finding it tough to
limp their way back to recovery, any step
of withdrawing any benefit would be really


He very smartly turned the question, when
asked that had he informed the finance minister
Mr. Pranab Mukherjee.

He said that the FM is well informed and
sensitive enough to not take any such step
and knows the challenges of Indian trade.

Earlier there were indications that the fiscal
stimulus would be partially withdrawn from
the point of view of excise duty and service taxes.

Mr. Sharma also added that hopes were high in the
ministry regarding the consolidation of India's exports
and was hopeful of bridging the gap between the
global trade in goods and services.

When asked whether China's currency policy
was hurting India's reports, he said that China
has assured that this issue will get proper attention
and will be looked after.