Page 31 - Union Budget

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 ...

India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts

Rural demand, services sector may lift H2 showing

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

Next steps in fiscal management: Road map needed for debt, deficit targets

The Central government debt is projected to decline from 58.1 per cent of GDP in 2023-24 to 56.8 per cent in 2024-25

Budget 2025-26 must prioritise defence and security over welfare schemes

India's growing external and internal threats demand urgent shifts in fiscal focus to strengthen defence, policing, and cyber capabilities

RBI rate cut, Trump, Budget: What factors will drive stock markets in 2025

Stock Market Outlook 2025: Analysts believe India stock markets may continue to witness market consolidation, at least in the first half of 2025

Budget 2025-26: India Post may get funds for tech-driven transformation

In FY25, the Union government had made a budgetary allocation of Rs 250 crore for India Post

Budget: Experts push for higher health, edu fund, duty cuts on cancer care

A key demand discussed in the meeting was the reduction of customs duty and other levies on the import of radiation machines used to treat cancer

Industry seeks tax relief, capex boost, reforms at FinMin's pre-budget meet

Industry representatives stressed that, given the uncertainty caused by persisting global headwinds, government's focus on public capex in physical, social, and digital infrastructure will be crucial

Budget wishlist: Mutual fund industry seeks tax relief on debt schemes

Easing of taxation crucial for financialisation of savings, says Amfi

Market will likely take its cue from the Budget, says Samco Group CEO

Geopolitical tensions, such as the Russia-Ukraine conflict, will continue to impact global markets

Budget FY26: Economists urge govt to focus on consumption, tax reforms

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent

NITI Aayog urges reforms to ease worker housing near industrial hubs

To truly unleash the potential of India's manufacturing sector, there is a need to think of dense, large-scale housing for workers as infrastructure

ATMs to loans: Union Budget, Mint Road, and evolving financial landscape

A South Block and Mint Road tango is in the offing in 2025, foregrounded by deeper consultations with various stakeholders

Manmohan Singh defended the landmark 1991 Union Budget, but how? Check here

Manmohan Singh, the architect of India's economic reforms, had to literally face a trial-by-fire to ensure widespread acceptance of his path-breaking Union Budget of 1991 that saw the nation rise from its darkest financial crises. Singh, the newly-appointed finance minister in the P V Narasimha Rao-led government, did it with great elan -- from facing journalists at a post-budget press conference and irate Congress leaders at the parliamentary party meeting who were unable to digest the wide-ranging reforms. Singh's historic reforms in 1991 not only rescued India from near bankruptcy but also redefined its trajectory as a rising global power. Singh made an unscheduled appearance at the press conference on July 25, 1991, a day after the presentation of the Union Budget "to ensure that the message of his budget did not get distorted by less-than-enthusiastic officials", Congress leader Jairam Ramesh writes in his book 'To the Brink and Back: India's 1991 Story' that recounts the ...

India eyes $25 billion export opportunity in US amid China tariff dispute

These sectors include electronics and electrical equipment, footwear, textiles and garments, furniture and home decor, automotive components, toys, and chemicals

Plans underway for bigger role for TReDS, to enrol million MSMEs in 2 years

It is also expected that the Union Budget for FY26 may have more measures for MSME financing, with a bigger role for TReDS

Steel ministry urges FinMin to hike Customs duty to counter Chinese threat

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China