Business Community Urges Repeal of Oppressive Clauses in Finance Act 2025

The Businessmen Panel (BMP) has expressed strong reservations over the newly introduced Finance Act 2025, terming it as a draconian law that will severely impact the business community. The BMP has demanded the immediate removal of oppressive clauses in the Act, which they believe will lead to a significant increase in the cost of doing business in the country. The panel has argued that the new law will result in a substantial rise in taxes, which will ultimately be passed on to the consumers, leading to higher prices of goods and services. The BMP has also criticized the government for not consulting the stakeholders before introducing the new law, which they believe is a clear violation of the democratic norms. The business community has warned that the new law will lead to a decline in economic activity, resulting in widespread unemployment and poverty. The BMP has also expressed concerns over the impact of the new law on the small and medium-sized enterprises (SMEs), which are the backbone of the country’s economy. The panel has argued that the SMEs will be disproportionately affected by the new law, which will lead to their closure, resulting in a significant loss of jobs and economic activity. The BMP has demanded that the government should immediately repeal the oppressive clauses in the Finance Act 2025 and engage in a meaningful dialogue with the stakeholders to find a solution to the problems faced by the business community. The business community has also warned that if the government does not address their concerns, they will be forced to take drastic measures, including going on strike and protesting against the government. The BMP has argued that the government should focus on creating a business-friendly environment, rather than imposing oppressive laws that will stifle economic growth. The panel has also criticized the government for its failure to address the root causes of the economic problems faced by the country, including corruption, mismanagement, and inefficiency. The BMP has demanded that the government should take immediate measures to address these issues, rather than imposing new taxes and laws that will further exacerbate the problems. The business community has also expressed concerns over the impact of the new law on the country’s image, which they believe will be severely damaged by the introduction of oppressive laws. The BMP has argued that the government should focus on creating a positive image of the country, rather than imposing laws that will drive away investors and businesses. The panel has also demanded that the government should provide a level playing field to all businesses, rather than favoring a select few. The BMP has warned that if the government does not address their concerns, the business community will be forced to explore other options, including taking their investments abroad. The business community has also expressed concerns over the impact of the new law on the country’s economic growth, which they believe will be severely affected by the introduction of oppressive laws. The BMP has argued that the government should focus on creating a conducive environment for economic growth, rather than imposing laws that will stifle it.

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