Page 8 - Budget

The Budget Show with BS: What to expect for health, education?

What will Budget 2024 do for health and education sectors? How are we factoring global warming and pollution in our health budgeting? Watch today’s Budget Show to find out

The Budget Show with BS: Will angel tax on startups be removed?

Will Budget 2024 help startups access domestic capital? Will angel tax be removed? Will startup innovation and R&D get a push? What about deeptech and AI? Watch today’s Budget Show to find out

Budget 2024: India's space sector eyes strategic allocations and incentives

Union Budget 2024: The space sector in India is expected to reach $44 billion by 2033. Industry leaders call for incentives to push private sector growth

Power sector Budget wish list: Funds for green energy, more domestic mfg

Sector executives are expecting a relook of GST rates across the renewable energy supply chain, and viability gap funding for newer sectors

Budget 2024: What does India's power sector expects from FM Sitharaman

Union Budget 2024: Securing supply chain stability and embracing new technologies are essential for the sector's long-term sustainability and efficiency

Budget 2024: EEPC urges revival of interest subvention scheme for exporters

The Engineering Export Promotion Council (EEPC India) has urged the government to revive the interest subvention scheme for exporters in its pre-budget recommendations. EEPC India Chairman Arun Kumar Garodia emphasised the scheme's importance, especially with rising interest rates. He called for restoring the three per cent subvention rate for specific tariff lines and a 5 per cent rate for MSME exporters across all product categories. The recent exclusion of merchant exporters from the Interest Equalisation Scheme (IES) raised concerns. EEPC India argued that merchant exporters, with low profit margins, are significantly impacted by credit costs. They proposed extending the IES benefits to them with a three per cent subvention rate. A government notice extended the IES for two months, but only for MSMEs. This left merchants and large exporters ineligible after June 30. The apex engineering exports promotion body warned this exclusion could hurt these businesses, especially those

Budget 2024 wish list: ATMA urges govt to restrict import of waste tyres

The Automotive Tyre Manufacturers' Association (ATMA) on Tuesday said there is a need to restrict import of waste tyres into India, saying the country is becoming a 'dumping ground' for scrap tyres. The import of waste/scrap tyres into India has increased by more than five times since FY20-21, ATMA said in its pre-budget submission to the finance ministry. "Such indiscriminate import of waste/scrap tyres is not only an environmental and safety concern but also undermines the very purpose of Extended Producers Responsibility (EPR) Regulation on Waste Tyres which is in place since July 2022," it added. Raising the concern, ATMA Chairman Arnab Banerjee said,"The import of waste/scrap tyres into India needs to be restricted through policy measures and, if necessary, allowed only in multiple cut or shredded form." India has emerged as one of the leading manufacturers of tyres in the world with domestic manufacturing of tyres surpassing 200 million per annum. Accordingly, there is enough

The Budget Show with BS: Will EVs get cheaper?

Should you buy a car now or wait until after Budget 2024? What can Budget 2024 do to boost EV adoption in India? Will hybrids be more favoured or EVs? Watch today’s Budget Show to find out

The Budget Show with BS: Is disinvestment off the table?

What is the status of IDBI and BPCL disinvestments? What are some of the strategic areas govt wants to stay in? How has Air India privatisation worked? Watch today’s Budget Show to find out

The Budget Show with BS: What India Inc wants

What is India Inc's Budget 2024 wishlist on capex? What about taxes and job creation? What is expected from Budget 24 for the MSME sector? Watch today’s Budget Show to find out

The Budget Show with BS: Will the food prices come down?

Will Budget 2024 make your thali cheaper? How will it boost FMCG consumption? What will it do for food processing industry, cooperatives and FPOs? Watch today’s Budget Show to find out >

The Budget Show with BS: Agnipath scheme, employment, women

What can Budget 2024 do to provide more jobs to youth? How will it boost women’s participation in labour force? Will the Agnipath scheme be reviewed? Watch today’s Budget Show to find out

The Budget Show with BS: Will Budget bring tax relief?

What will Budget 2024 offer middle-income taxpayer? What changes to expect in new tax regime? How can govt push manufacturing? What about excise duty on petrol? Watch today’s Budget Show to find out

The Budget Show with BS: FDI, exports and SEZs

Can we expect more PLI schemes in Budget 2024? What will it do for FDI? Will it have measures for exporters? Will it set the tone for SEZ Act amendment? Watch today’s Budget Show to find out >

Maha Budget: Women to get Rs 1,500 monthly; 3 cylinders for family of 5

Maharashtra Deputy Chief Minister Ajit Pawar on Friday announced a financial assistance scheme entailing a monthly allowance of Rs 1,500 to eligible women in the age group of 21 to 60 years in the state Budget for 2024-25. Pawar, who holds the finance portfolio, said in his budget speech in the assembly that the scheme, "Mukhyamantri Majhi Ladki Bahin Yojana", will be implemented from July, four months ahead of the state polls which are due in October. An annual budgetary allocation of Rs 46,000 crore will be made for the scheme, he said. Announcing another welfare scheme, the finance minister said an eligible family of five will get three cooking gas cylinders free every year under the 'Mukhyamantri Annapurna Yojana'.

Oppn demands clarity on fundraising after Maha Budget announcement

The opposition in Maharashtra on Friday targeted the Eknath Shinde government over its last budget before the state goes to the polls later this year, describing it as a "torrent of assurances" but said there was no clarity on how the money will be raised for the schemes announced. Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, earlier in the day presented a Rs 20,051 crore revenue deficit budget in which he announced sops for women, youth and farmers and other segments of society that entail an outlay of more than Rs 80,000 crore. Shiv Sena (UBT) chief Uddhav Thackeray said the budget was a "false narrative" pretending to offer something to every section of society. Talking to reporters at the legislative complex here, the former chief minister said the 'Mukhyamantri Majhi Ladki Bahin' scheme under which a monthly allowance of Rs 1,500 would be given to the eligible women was a "pitiable attempt" to woo women voters ahead of the assembly elections. Thackeray ..

The Budget Show with BS: Railways, highways, petrol prices & more

How will Budget 2024 address infra safety concerns? Will petrol and diesel prices fall soon? What should be the prioritise when allocating funds for the Railways? Watch today’s Budget Show to find out

The Budget Show with BS: Policy or politics

How has the President set the stage for Budget 2024? What will be political and electoral compulsions in Budget? Will the coalition govt weigh on reform agenda? Watch today’s Budget Show to find out

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

The first budget of the newly-formed NDA government next month will take "many historic steps" as well as accelerate the pace of economic reforms and lay a roadmap for 'far-reaching policies' and 'futuristic vision' of the government to make India the world's third largest economy, President Droupadi Murmu said on Thursday. In her first address to the joint sitting of Parliament since the constitution of the 18th Lok Sabha, she outlined the economic vision of the NDA government as well as highlighted achievements in the past decade under Prime Minister Narendra Modi. 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. The new government under Modi is to present a full Budget for the fiscal year 2024-25 (April 2024 to March 2025) next month which is likely to lay down priorities in matters of taxation and policy as well as reform agenda for the near term. "This budget w

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

The government should double standard deduction under the new concessional tax regime to Rs 1 lakh or increase the basic exemption limit to Rs 3.5 lakh in the upcoming Budget, tax and consultancy firm EY said. Listing out the priorities on taxation reforms in the upcoming Budget, EY said the government should prioritise streamlining tax structures, enhancing policy frameworks to promote economic growth, and fostering a conducive environment for investment and development. EY also suggested that stability in corporate tax rates be maintained, TDS provision rationalised as well as streamlining dispute resolution as possible areas for consideration in the Budget to be tabled in Parliament next month. On the personal tax front, the concessional tax regime without exemptions/ deductions should continue, it said. To make it more attractive, the standard deduction under concessional tax regime may be increased to Rs 1 lakh instead of existing deduction of Rs 50,000 or the basic exemption