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Budget disappoints electrical industry

The electrical industry is generally disappointed by the Union Budget 2009-10. Considering the government's promise of Electricity For All by 2012, the only specific mention in the entire Union Budget for the power sector includes the allocation of Rs 7,000 crore for RGGVY and Rs 2,080 crore for the RAPDRP programme, the Indian Electrical and Electronics Manufacturers Association (IEEMA), said in a statement here.

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The electrical industry is generally disappointed by the Union Budget 2009-10. Considering the government's promise of Electricity For All by 2012, the only specific mention in the entire Union Budget for the power sector includes the allocation of Rs 7,000 crore for RGGVY and Rs 2,080 crore for the RAPDRP programme, the Indian Electrical and Electronics Manufacturers Association (IEEMA), said in a statement here.

IEEMA welcomes the continuation of reforms, abolition of the Fringe Benefit Tax and proposed introduction of GST on April 1, 2010.

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