Page 39 - Latest Updates on Budget 2025-26

Industry leaders seek affordable housing, duty relief at pre-Budget meet

The housing and infrastructure sectors were represented by leaders such as Hiranandani Group, Afcons, L&T, and GMR Group

Budget 2025: Plastics manufacturers seek PLI to scale up global presence

All-India Plastics Manufacturers' Association on Monday urged the government for a production-linked incentive scheme for the sector in the upcoming Budget 2025, to increase India's share in the global plastics market. In a pre-budget consultation meeting with the Union Finance Minister Nirmala Sitharaman, All-India Plastics Manufacturers' Association (AIPMA) said it has asked the government to reduce GST to 'nil' for plastic waste as well as recycling machinery, to encourage recycling. Besides, it has also sought lowering of GST to 5 per cent, from 18 per cent, on the conversion cost of recycled plastic granules, and providing a 20 per cent subsidy to purchase capital equipment for recycling, the association said in a statement. AIPMA Chairman Arvind M Mehta said India has immense potential to scale up its operations and increase its share in the global plastic market. "China's export of plastic finished goods is currently 25 times higher than India's, underscoring the vast ...

Centre pushes transfer to states to meet capital expenditure goals

Experts feel despite government efforts there has been a lag in capex pick up but there is a good case for continued push towards such expenditure

Budget wishlist: Pharma firms seek simplified taxes, stronger PLI scheme

Among other demands is the removal of Section 194R, related to marketing samples, which would ease business operations

NBFCs seek reforms in pre-budget talks to boost liquidity, ease challenges

One of the primary requests made by the FIDC was for a reduction in the loan amount threshold for enforcing security interest under the SARFAESI Act, from Rs 20 lakh to just Rs 1 lakh