Page 82 - Budget 2026 News

Budget 2024: Real estate sector bats for revival of affordable housing

Industry executives say the definition of 'affordable homes' should be changed in terms of price

Gold demand still lacklustre, jewellers expect import duty cut in Budget

Indian dealers offered a discount of up to $9 an ounce over official domestic prices â€" inclusive of 15% import and 3% sales levies, versus last week's discount of $13

Oppn demands clarity on fundraising after Maha Budget announcement

The government will impose heavy taxes on the people through the committee formed for systematic implementation of schemes, alleged Danve, a top Shiv Sena (UBT) leader

Budget 2024: How can India achieve Rs 3 trillion defence production goal?

Centre has set annual defence production target of Rs 3 trillion by FY29, which would be an over three-fold jump from current levels

Govt to give 5-yr extension for export credit scheme amid economic slowdown

In the upcoming Budget 2024, there may be a five-year extension of the scheme for pre- and post-shipment rupee export credit

Budget to accelerate pace of reforms, take many historic steps: President

A stable government with clear majority is "a mandate that the work of making India a developed nation continues uninterrupted and India attains its goals", she said

Union Budget 2024: Will Bengaluru be included in 50% HRA exemption?

Currently, rented houses in Delhi, Mumbai, Kolkata, and Chennai qualify for a 50% exemption from HRA, while those in other locations (non-metro) fall into the 40% category

Union Budget 2024: Key FAQs on interpreting the Budget, economic priorities

The Union Budget 2024 will detail the government's projected income, expenditure, economic priorities, and resource allocation, pivotal for charting the country's future course

Many historic steps, economic decisions will be taken in Budget: Prez Murmu

The budget will have major economic and social decisions and many historic steps will be taken. The speed of reforms will be increased to fulfil the aspirations of people, she said

Budget should raise basic exemption to Rs 3.5 lakh under new tax regime: EY

On the personal tax front, the concessional tax regime without exemptions/ deductions should continue, EY said

FHRAI seeks infra status for hotels, convention centres across categories

In its pre-budget recommendation, the Federation of Hotel and Restaurant Associations of India (FHRAI) also sought GST rationalisation proposing a 12 per cent GST rate across all hotels

What Indian industry wants from PM Modi's Budget after poll setback

Finance Minister Nirmala Sitharaman is considering lowering personal tax rates for certain categories of individuals

Govt looks to launch new index ranking states by their labour standards

The index is aimed to promote 'healthy competition' between states to improve labour welfare, productivity, social security coverage, and more

Pre-budget meet: Trade bodies call for tax deduction, investment on R&D

They also sought simplification of transfer pricing regime and tweaking of Customs duty on certain products

Skill and employment sector calls for job creation, GenAI courses

Gayathri Vasudevan, trustee at Sambhav Foundation, said the meeting focused largely on optimising the utilisation of existing funds

Budget 2024: Exporters seek import duty cut on gold, silver, platinum bars

Against the backdrop of the macroeconomic scenario, the Gems and Jewellery Export Promotion Council urged the government to take measures to revive exports in this sector

SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?

The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses

Budget 2024: Rise in standard deduction limit likely in new tax system

Union Budget 2024: Standard deduction represents a portion of the income that is not subject to taxation; it serves as a comprehensive allowance for tax deductions available to salaried employees

Budget Watch: From toys to footwear, new PLI schemes knocking on the door

Amid demands from industry bodies and govt departments, the upcoming Union Budget 2024 may see PLI schemes introduced for even more items

Trade unions demand scrapping of labour codes, restoration of OPS

Trade Unions also suggested stopping the privatisation of public sector undertakings