Page 25 - Union Budget

Union Budget 2025 Expectations highlights: MSMEs seek focus on renewable energy, and CBG

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Budget 2025: Will the Finance Minister provide a fillip for demand growth?

Why media and policy circles are abuzz with expectations of big announcements on Saturday

Industry seeks amendment in SEZ Act; RoDTEP extension till September

Export Promotion Council for EOUs and SEZs (EPCES) also sought long-pending demand for some changes in the special economic zone (SEZ) law through the finance bill

Hospitality sector awaits infrastructure status, seeks GST relief in Budget

Industry stakeholders believe that the full potential of India's travel and tourism sector remains untapped

Industry status for real estate a priority: Grant Thornton survey

India is poised to become the world's fourth-largest economy by 2026 and achieve the $5 trillion mark by 2028, according to the pre-Budget survey

Union Budget 2025 expectations highlights: Will Budget 2025 raise tax deductions for homebuyers?

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Expand credit guarantee schemes in Budget to boost SME growth: Experts

Tax benefits to adopt emerging technologies like AI, announcement to set up dedicated manufacturing zones, and expanding credit guarantee schemes in the Budget will help boost the growth of SMEs, experts say. They also said that AI-based credit assessments and risk profiling can streamline loan approvals and widen credit access for SMEs (small and medium enterprises). Nitin Jain, Co-Founder and Chief Business Officer of Business Group said that enterprises need to integrate AI, automation, and digital tools to enhance productivity and competitiveness. "The government should introduce tax benefits and subsidies to support this shift," Jain said adding establishing dedicated manufacturing zones with modern infrastructure, seamless supply chains, and shared resources will enable SMEs to scale efficiently. He added that SMEs, which contribute 30-35 per cent to GDP and employ over 110 million people, need robust policy support to scale manufacturing and access affordable credit and the

Markets to remain open on Feb 1 for Nirmala Sitharaman's Budget 2025 speech

Union Budget 2025: Both NSE and BSE have announced that they will remain open to trade on the budget day, which falls on a Saturday this year

Union Budget 2025-26: Key challenges in power infrastructure outlined

The Budget presents a unique opportunity to revisit some of the key modernisation programmes, said Shardul S Fadnavis, Partner & Utility transformation leader, PwC India

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

Industry expects tax regime simplification in Budget: Ficci survey

Expressing concerns over muted demand in the economy, companies have called for a review of the direct tax structure

Budget expectations highlights: Budget should focus on boosting consumption, say industry insiders

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Budget 2025: Will govt accept farmer demands for assured procurement?

Agriculture Minister Shivraj Singh Chouhan will resume talks with protesting farmers next month to resolved procurement and Minimum Support Price issues

From Tuhin Kanta Pandey to Ajay Seth, meet FM Sitharaman's Budget team

Except for the economic affairs secretary and chief economic adviser, Sitharaman will have a new team of bureaucrats who will help her chart the strategy for the upcoming budget

Taming inflation: How Union Budget can address economic challenges

By easing supply-side constraints and using counter-inflationary tariff policy, the finance ministry can ensure prices remain in check

Union Budget 2025 expectations highlights: "Will Budget 2025 boost EV growth and manufacturing?

Union Budget 2025 Latest Updates: Catch all the latest developments related to Union Budget 2025 here

Will Union Budget 2025 focus on enhancing rural internet accessibility?

Union Budget 2025: With Finance Minister Nirmala Sitharaman set to present Budget 2025, the telecommunication industry expects measures directed towards rising internet penetration in rural India

Jindal Stainless seeks nil import duty on molybdenum ore, raw materials

Ahead of the Union budget, Jindal Stainless has pitched for bringing down to nil the import duties on critical raw materials such as molybdenum ore, and continuing with zero duties on pure nickel, ferro-nickel, stainless steel scrap and mild steel scrap. Union Finance Minister Nirmala Sitharaman will present the Budget in the Parliament on February 1. Molybdenum is used in alloys like ultra-strong steel which is resistant to corrosion and wear. The prevailing customs duty on molybdenum ore is five per cent. In a statement Jindal Stainless Managing Director Abhyuday Jindal said, "We recommend reducing import duties to zero on critical raw materials unavailable in India, such as molybdenum ore, and continuing with zero duties on pure nickel, ferro-nickel, stainless steel scrap, and mild steel scrap." In a bid to give a boost to the demand of stainless steel, Jindal said that the government should continue to prioritise infrastructure spending, with a strong focus on developing mobili

Raise Budget allocation in upskilling schemes for good workforce: Tata Tech

Ahead of the Union Budget, Tata Technologies on Monday called for increased allocation toward upskilling initiatives aligned with Industry 4.0 to create a future-ready workforce. In order to achieve India's ambitious goals outlined in the roadmap for a USD 5 trillion economy, the budget should prioritise innovation-driven policies, investments in emerging technologies, and the development of products in India, for India and the world, Tata Technologies CEO & MD Warren Harris said in a statement. Key growth drivers such as smart manufacturing, AI, digital transformation, and software-defined vehicles (SDVs) require strong government backing through incentives for R&D, skill development, and infrastructure enhancement, he noted. Outlining the company's expectations from the budget, Harris said,"We recommend increased allocation toward upskilling initiatives aligned with Industry 4.0, creating a future-ready workforce capable of excelling in advanced technologies like AI, IoT, ...

Union Budget 2025-26: Here are the key challenges in the MSME sector

MSMEs face informational asymmetries, limited consumer visibility, and weak branding and marketing capabilities