Page 30 - Budget 2022

Budget: Assocham requests govt to remove custom duty on copper concentrate

Industry body Assocham has urged the government to reduce the customs duty on copper concentrate from the present 2.5 per cent to zero

Budget 2022: Pharma industry seeks enhanced funds for healthcare sector

The domestic pharmaceutical industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities and continuation of tax concessions on various drugs in the upcoming Union Budget. The industry is also seeking simplification of various processes in order to enhance ease of doing business for the private sector companies. "An increase in the budgetary allocation from the current 1.8 per cent of the GDP to 2.5-3 per cent, as envisaged in the National Health Policy 2017 along with a separate allocation for the bio-pharmaceutical sector R&D is imperative," Organisation of Pharmaceutical Producers of India (OPPI) President S Sridhar told PTI. The industry saw significant momentum over the past year, especially in ensuring access to COVID-19 vaccines and medicines and this year's Budget will be crucial to accelerate sectoral growth and access to innovative health solutions across various diseases and not COVID ...

Budget 2022: Indian startups seek friendly policies, tax incentives

Union Budget 2022-23 should introduce additional startup-friendly policies and tax relaxations to enable spending on innovation, ease-of-doing business, a slew of homegrown startups said

Increase regulatory focus on cryptocurrency: Pre-Budget expectations survey

A pre-Budget expectations survey on Saturday showed a growing demand for increasing regulatory focus on the cryptocurrency sector.

Budget with BS, Ep 8: Start-ups, EBRs, CAIT interview, & donning many hats

What can Budget 2022 do to accelerate start-ups' growth? What is CAIT’s Budget advice to the FM? Which of India's FM went on to become PMs or Presidents? Find answers to all these questions here

Make travel expenses deductible under ITR in Budget: Hospitality industry

Notably, the sector has been heavily battered due to the Covid-19 pandemic and the subsequent restrictions imposed to check the infections' spread

Budget 2022: Cooperatives seek level playing field with commercial banks

Parity with commercial banks sought in tax treatment, and for deposits, loan products

Budget wishlist: Here are the key challenges in manufacturing sector

Measures need to be taken for MSMEs like enhancing the credit limit and access to finance

Woeful week: Indices log worst weekly losses in nearly two months

Investors pull back from risky assets amid rising yields

Tax benefits to increase disposable income likely in Union Budget

The government may consider incremental tax benefits to increase net disposable income of the citizens in order to boost demand when it tables the Union Budget FY23 in the Parliament on February 1.

Most people feel I-T exemption limit could be raised from Rs 2.5 lakh: KPMG

As many as 64% of the respondents said they expect the basic I-T exemption limit to be raised from Rs 2.5 lakh a year, according to a pre-budget survey by KPMG in India

Telangana urges FM to allocate funds in Union Budget for various projects

The Telangana government has urged Nirmala Sitharaman to allocate funds in the union budget 2022-23 for various works taken up in the state.

Hike in import duties on components of mobile devices may nix PLI benefits

High component cost may push up mobile prices by 18%

Finance ministry doubles January tax devolution to state governments

Front-loading of fund transfer to help states manage Covid, undertake capex

FPIs look to Budget for clarity on REIT, InvIT taxation rate

Uncertainty arises from tweak in SCRA; entities take conservative view, pay higher tax of 20% on interest income

New tax regime disincentivises charity donations, says study

Ashoka University-CBGA study recommends restoration of inheritance and wealth taxes

Bring EV financing under priority sector lending: Industry body

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY 2022-2023 on February 1

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

Corporate tax this fiscal likely to exceed Budget Estimates by 19%

Direct, indirect tax revenues have been a bright spot for Centre in FY22

Investment deficit

Govt should not hold back capital expenditure