Page 159 - Budget 2026 News

Union Budget 2022-23: Phasing out of some tax exemptions likely

FinMin also exploring the option of rationalising capital gains tax rates

Chronically ill aviation industry due to 21% indirect taxes: IndiGo CEO

Ronojoy Dutta requested the Ministry of Finance to reduce central excise taxes on fuel from 11% to 5% and eliminate custom duties on aircraft repair parts

Budget 2022: MSMEs may get credit guarantee, better deal in IBC cases

Banks and MSME industry representatives have sought support for the sector in the line of ECLGS, a measure introduced early in the pandemic

FinMin asks ministries to restrict expenses within prescribed limit

The communication comes ahead of the Union Budget 2022-23, likely to be unveiled on February 1

Budget wishlist: Here are the key challenges in health care sector

Health care-focused REITs needs to be encouraged to finance infrastructure

Budget: Jewellery council seeks import duty cut on precious metals

The Budget for FY23 will be tabled in the Parliament on February 1

FM should take growth responsibility away from monetary policy: Pronab Sen

'The robust tax collections give the finance minister a fair amount of headroom for an expansionary fiscal policy', he said

Insurers seek hike in tax exemption for higher adoption of pure risk plans

Currently, under Section 80C of the Income Tax Act, an individual can claim a deduction of the life insurance premium paid from his/her taxable income

GJEPC urge govt to cut gold import duty to 4%, special package in Budget

Gems and Jewellery Export Promotion Council has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget

Divestment delayed, but petchem plans on the track: Bharat Petroleum

The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer

At current pace, MGNREGA will need minimum Rs 1 trillion budget next fiscal

Work demand has been unusually high the past two years and front-loading expenditure helped in generating adequate demand while installing confidence in the system

Budget wishlist: Here are the key challenges in agriculture sector

Government needs to play a proactive role in enabling a business-as-a-service (BaaS) platform to promote innovation

Budget 2022-23: BJP representatives seek revival of worst-hit sectors

They put forward their views for the development of their respective regions

Budget: Govt plans Rs 1.4-trn fertiliser subsidy for farmers, says report

The increased spending comes ahead of crucial assembly polls and amid efforts by the ruling BJP to win over farmers after facing massive protests against new laws that have since been scrapped

Budget could push for private investments in public infrastructure

Budget could also announce favourable terms for companies accessing bond markets

Tackling inequality

Govt must make the right interventions in the Budget

MTaI seeks reduction in GST on medical devices, cold chain units

The organisation noted that the reduction of GST on medical devices and medical cold chain from 12 per cent to 5 per cent would lead to the expansion of the healthcare sector through reduced costs

Increase fund allocation for adolescents', elderly's health in budget: NGOs

Agewell Foundation found that the budgetary provisions can address the issues concerning them to a larger extent

Rationalise tariffs on mobile phone parts in Union Budget: ICEA

The ICEA said that in order to ensure that the maximum manufacturing can happen in India, duties on the inputs of the parts and components of mobile phones must be carefully calibrated

Budget 2022: FADA seeks GST rate cut on two-wheelers to 18% to spur demand

Automobile dealers' body FADA has urged the government to reduce GST rates on two-wheelers to 18 per cent in order to generate demand in the segment.