Investor Presentaiton
Key Points from Union Budget 2023 (2/2)
praj
Green Credit Program
For encouraging behavioural change, a Green Credit Programme will be notified under the Environment (Protection) Act. This will incentivize
environmentally sustainable and responsive actions by companies, individuals and local bodies, and help mobilize additional resources for such activities.
•
Relief to sugar co-operatives from past tax demand
As a welcome measure for the financially stressed sugar sector, budget provided a relief of INR 10,000 crore. Sugar mills will be allowed to claim payments
made to sugarcane farmers for the for the period prior to assessment year 2016-17 as expenditure under tax assessment.
Pharma Innovation
• A new program to promote research and innovation in pharmaceuticals will be taken up through 'centers of excellence'. Industry is encouraged to invest in
research and development in specific priority areas.
Praj Industries Limited
{14}View entire presentation