ICC president lauds unprecedented response by Union Finance Minister Nirmala Sitharaman

 Mayank Jalan, president, Indian Chamber of Commerce, said the announcements today provide huge boost to the trust, confidence and sentiment among private investors, Industry, Banks, MSMEs and consumers at large.

The announcements address the issues of capital flow into economy, transparency, accountability, ease of doing business, removal of criminal provisions, GST simplification etc, he added.

Also significant relief for MSMEs, Banks and NBFCs, Start Ups, FPI. The Govt. has provided immediate liquidity boost to MSMEs, Banks, Infra sector, NBFCs etc.
These measures will go a long way in supporting economic growth, he noted.

This kind of proactive response is truly encouraging for investors, industry, and all other stakeholders, he remarked.
ICC would like to thank the Finance Minister for her unprecedented response to address various economic, tax, payments and compliance issues, Mr Jalan stated.

ICC is confident that Industry would feel encouraged to be acknowledged as Wealth Creators by Prime Minister Narendra Modi which has been reinforced today by the Finance Minister too.

The biggest takeaway for Industry today is that the Government is listening and responding positively, he commented.