Page 33 - Budget 2026 News

Govt may forecast stronger growth next FY while sticking to fiscal targets

It is likely to forecast nominal economic growth of 10.3 per cent-10.5 per cent. That's higher than the forecast of 9.7 per cent for the current year

FinMin meet: MFI representatives seek lowering of asset qualification norms

In 2022, the RBI updated regulations for MFIs, which now apply to all entities in the sector, including banks, small finance banks, and non-banking financial companies (NBFCs)

Centre to simplify decades-old income tax filing rules in upcoming Budget

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

Budget key trigger for life insurance companies' stocks in near term

Premium growth may be volatile for the rest of FY25 due to surrender value regulations

Budget FY26: Goldman Sachs highlights focus on fiscal deficit, growth

India's elevated public debt-to-GDP ratio remains a concern. A reduction in the general fiscal deficit from 8 per cent in FY25 to 7 per cent by FY30 is critical to keeping public debt sustainable

CII suggests 10-point agenda on ease of biz reforms ahead of Budget

It has also pitched for expediting the process of dispute resolution by improving the capacity of courts and placing greater reliance on alternative dispute resolution (ADR) mechanism

Govt cuts Census budget allocation by half, RGI to seek additional funds

The Union Home Ministry has halved the Census and Statistics budget for 2024-25, with provisions for the Registrar General of India to request additional funds for the delayed census

Realtors seek stamp duty cuts, revised home loan limits in Budget

The year 2024 has seen a slowdown in real estate due to general and state elections, with housing sales in the top seven cities declining by 4 per cent

Amnesty scheme for customs may be announced in upcoming Budget: Experts

The government had in the past announced amnesty schemes for excise and service tax and even for the income tax but not for customs

DPIIT officials meet AIFs to promote capital mobilisation for startups

The meeting saw the participation of more than 70 AIFs, with discussions focused on capital mobilisation and promoting funding for startups in smaller cities

Budget likely to raise KCC credit limit from Rs 3 lakh to Rs 5 lakh

Launched in 1998, Kisan Credit Card scheme had over 74 million accounts, with outstanding credit of Rs 8.9 trillion as of June 30, 2023

Govt may introduce one-time amnesty scheme to resolve Customs disputes

The official said around 35,000 customs cases, involving over around Rs 50,000 crore are currently pending across various courts

Days ahead of Union Budget, revenue secy Arunish Chawla shifted to DIPAM

DIPAM secretary Tuhin Kanta Pandey has been appointed as the new revenue secretary in place of Chawla

Capex should be ramped up by 25% over BE: CII President Sanjiv Puri

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

Budget 2025: IESA asks govt to tax all new tech batteries at 5% GST

There is a disparity in the tax structure of batteries, GST for lithium-ion batteries is 18%, but other chemistries, like lead acid, sodium, and flow batteries and others, are at 28%

Expect RBI to cut rates next month, Budget must focus on job creation: CII

The Confederation of Indian Industry (CII) chief also expressed optimism that much-needed labour reforms will be taken up by the BJP-led NDA government in the third term

Budget 2025: NRAI seeks industry status, subsidies for food services sector

National Restaurant Association of India (NRAI) said restaurants should be allowed to operate for longer hours, and also sought targeted subsidy schemes and access to debt financing for SMEs

Budget 2025 expectations: Insurers seek GST cut, Section 80D hike, more

Budget 2025: Key demands include reducing GST on premiums, revising tax exemptions under Section 80D, and introducing a health regulator to counter rising medical inflation

Union Budget should reduce personal I-T for lower-income groups: EY India

The Union Budget for 2025-26 is scheduled to be presented in Parliament on February 1

GDP growth cut sets gloomy backdrop to Union Budget, says Congress

Jairam Ramesh said the advance estimates released by the Union government for GDP growth in the 2024-25 financial year projected a mere 6.4 per cent growth