Budget Wishlist

CM Gupta prioritises safety, financial aid in first BJP-led Delhi budget

In the run-up to the BJP-led Delhi government's first budget, Chief Minister Rekha Gupta on Wednesday held a series of meetings, including with women's groups, to address key issues concerning women's safety, financial assistance, education and infrastructure. As part of these consultations, she also interacted with private school associations and trade bodies to gather inputs for the 'Viksit Delhi Budget' set to be presented between March 24 and 26. Gupta led a detailed discussion with women's groups during the 'Mahila Samvad' at the Delhi Vidhan Sabha, where the participants voiced concerns about security, financial empowerment, better educational opportunities, installation of CCTV cameras and access to sanitation facilities. She assured that their feedback would be taken into account in the budget. "Detailed dialogue was held with various women's organizations for the expectations and suggestions of the developed Delhi Budget 2025-26. During this, important topics related to ...

Will Goddess Lakshmi smile on the middle-class in Union Budget 2025?

As Nirmala Sitharaman gears up for Budget 2025, Indians seek relief from inflation, stagnant wages, job scarcity, and high taxes, hoping for reforms to ease daily financial stress

Income tax relief, capex: Budget 2025 wishlist from Motilal Oswal Sec

Indirect tax relief, interest-free capex loans, household income boost, among 5 key expectations from Motilal Oswal for Budget 2025

Growth, reforms and fiscal discipline: What will Union Budget 2025 have in store?

In this special podcast we discuss the pulse of the Indian economy and uncover what will the Union Budget 2025 have in store

Automakers want support for green tech, EVs, consumer spending boost

Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels besides allocations to facilitate electric vehicle ecosystem like charging infrastructure to further accelerate sustainable mobility in the upcoming Union Budget. With the automobile industry showing early signs of growth slowing down, they said budgetary initiatives to boost the disposable income of consumers are necessary to support robust growth. "We request the government for appropriate merit-based policies that support and help in popularising full range of greener technologies and alternative fuels thereby helping in faster and greater adoption of multiple sustainable mobility solutions," Toyota Kirloskar Motor Country Head and Executive Vice President - Corporate Affairs and Governance - Vikram Gulati said. Further, he said measures to encourage the scrapping of old vehicles through the budget will also boost demand for newer generation vehicles

Budget 2025-26: Invest in AI education, upskilling, private sector ties

An AI regulation gives comfort around privacy, permissible purpose, ethical and secure AI, said Rajnil Mallik, Partner & Gen AI GTM Leader, PwC India

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

Ahead of the upcoming Budget, industry body CII on Sunday suggested a 10-point agenda to drive ease of doing business reforms, aimed at reducing compliance burden, simplifying regulatory frameworks, and improving transparency. Among the "urgent policy interventions", the industry body has recommended that all regulatory approvals -- central, state and local levels -- must mandatorily be provided only through the National Single Window System. 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. For streamlining environmental compliances, Confederation of Indian Industry (CII) said, a unified framework could be introduced, which consolidates all requirements into a single document. Emphasising that easy access to land is important to facilitate new or expanding businesses, it said that states may be incentivised to develop an online integrated land ...

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

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 Budget is expected to focus on boosting private capex, tax simplification and reduction in personal income tax, particularly for the lower-income groups, to stimulate demand, EY India said. The Union Budget for 2025-26 is scheduled to be presented in Parliament on February 1. EY India, in its Budget expectation note, said with over Rs 31 lakh crore stuck in income tax disputes as of 2023-24, there is an urgent need to clear Commissioner of Income Tax (Appeals) backlog and bolster alternate dispute resolution mechanisms like advance pricing agreements and safe harbours. "While a full comprehensive review of the direct tax code may take time, we might see some initial steps towards its implementation in this Budget. I also hope for a reduction in personal income tax, particularly for the lower-income groups, to provide relief and stimulate demand," said Sameer Gupta, National Tax Leader, EY India. EY said the expectations from Budget are focused on a set of strategic reforms that

FinMin to review flagship schemes with PSB chiefs ahead of Budget

The meeting aims to review the progress of various financial inclusion schemes and discuss future funding requirements in light of the upcoming Budget

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

Amnesty scheme for customs, easier taxes on India Inc's Budget wishlist

An amnesty scheme for customs, reduction in tax rates for individuals and Limited Liability Partnership firms, easier tax compliance, fast tracking of faceless appeals and a dedicated dispute resolution mechanism top India Inc's wishlist for the next Budget submitted to the government. Representatives from all four key industry bodies, CII, FICCI, ASSOCHAM and PHDCCI, have put forth detailed recommendations with regard to the Budget, to be presented on February 1, 2025, in separate meetings held with top Finance Ministry officials. Industry body FICCI sought the introduction of an "Amnesty Scheme under Customs" as a one-time settlement scheme to clear past dues, arguing that it will help the industry to reduce the baggage of litigation. Similarly, Assocham has also pitched for the introduction of a comprehensive Tax Amnesty Scheme under Customs. "A one-time settlement scheme to clear past litigations can be considered by the Government, on the lines similar to Sabka Vishwas Legacy

Budget 2024: Capital gains tax, climate change key concerns of Generation Z

Budget 2024: Young India is keen to hear announcements related to skill development for the youth, steps taken to counter climate change and reforms in the capital gains tax structure

Budget 2024: Sensex rebounds 1,200 points from day's lows to end flat

ITC gained 3.8 per cent as there were no changes in the taxes related to tobacco products

Unique tax payers trading on NSE more than tripled since pandemic

Numbers are 40 per cent lower than the number of overall investor accounts

Pre-budget Eco Survey highlights urgent need for agricultural reforms

The pre-budget Economic Survey on Monday underscored the pressing need for comprehensive reforms in India's agricultural sector, citing structural issues that could impede the country's overall economic growth trajectory. The Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman, identifies several key challenges facing the agriculture sector, including the need to sustain growth while managing food price inflation, improving price discovery mechanisms, and addressing land fragmentation. "Despite its centrality in India's growth trajectory, the agriculture sector continues to face structural issues that have implications for India's economic growth," the Survey said. According to the document, policymakers must strike a delicate balance between incentivizing farmers to increase production and keeping food prices within acceptable limits. This dual objective requires careful policy interventions, the Survey noted. Other critical issues highlighted in the report, prepar

Rising obesity a concern, healthier lifestyle must: Economic Survey

Raising concerns over growing obesity and increase of consumption of highly processed foods laden with sugars and fat, the Economic Survey said 54 per cent of the total disease burden in India is due to unhealthy diets. Obesity presents a "concerning situation" and preventive measures must be taken to enable citizens to have a healthier lifestyle, it said. "Obesity is emerging as a serious concern among India's adult population," said the Survey, which was tabled on Monday by Finance Minister Nirmala Sitharaman in Parliament. If India needs to "reap the gains of its demographic dividend, it is critical that its population's health parameters transition towards a balanced and diverse diet", it said. Citing a report from the Indian Council for Medical Research, the Economic Survey observed that the rise in consumption of highly processed foods laden with sugars and fat, coupled with reduced physical activity and limited access to diverse foods, exacerbate micronutrient deficiencies a

Economic Survey calls for identifying regulatory gaps in fintech sector

Sector move towards data-based lending instead of 'judgement-based lending', it says

Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024

Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget