Rajasthan State Budget 2009-10 on 8th June

Newly elected Congress government in Rajasthan is gears up to present the state budget on 8 July 2009, expectations from the recession hit industry scale northwards as they anticipate investor-friendly measures from the CM. Ashok gehlot have two main challenge that is recession and drought. Govt may provide some new industrial policy.

Topping the expert’s wishlist is creation of investor-friendly atmosphere in the state which begins with development and will generate employment in the organised sector, which according to them employs close to 15 lakh people and has potential of doubling up. Industry experts demand structural changes in the taxation system, which attracts investors attraction and stop them from investing outside the state. There is a thrust on infrastructural development in the desert state. CII suggests increasing focus on spending in infrastructure during the current slowdown will, in turn, lead to the industries’ fast growth. Experts expect the government to come out with schemes that encourage people to invest in the power sector as there is availability of petroleum, natural gas and wind energy in abundance. Demand for public private partnerships is also raised.