Chennai: Reacting to the recent announcements made by Union Finance Minister Nirmala Sitharaman to increase demand and spending, Consortium of Indian Associations has said these measures are meant for direct benefit to governmentt employees.
The industry, trade are indirect beneficiaries, it said. “Obviously this is a very good announcement. The rider and eligibility conditions may confuse the implementing officials and users. Also, (it) may lead to restricted use,” the CIA said in a statement.
In such times, considering these as emergency relief measures, (they) could have been made simple, straight forward relief which is easy to avail and implement, it added.
“Also 50 years loan is a very long period spanning five decades or three generations and really not sure will anyone remember or even the worth value of that in 50 years from now,” the industry body said.
“We are hoping to see this infusion stir demands and brings cheers”.