Page 32 - Union Budget

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

Centre appoints Arunish Chawla as new Revenue Secretary in FinMin

Chawla will take over from Economic Affairs Secretary Ajay Seth, who is holding the additional charge of Revenue Secretary

Budget wishlist: Hospitals want rise in allocation, better PMJAY rates

According to the Nathealth-Hospital Federation of India, the sector is pushing for an increase in healthcare spending to 2.5 per cent of the GDP

Will Budget 2025-26 fulfil promises on fiscal deficit and reforms?

The big question is whether the finance minister will revert to the fiscal consolidation timelines or medium-term projections as provided under the Fiscal Responsibility and Budget Management Act

Finance ministry weighs phasing out customs duty exemptions in Budget 2025

Exemptions under review include bulk drugs used in insulin production, raw materials for lab-grown diamonds, plastics used in optical fiber production, and more

Mid-Year Review: Govt sets focus on public spending, social security net

Targets fiscal deficit 'lower than 4.5% of GDP'

Oil and gas producers call for tax reforms in the upcoming Budget

Seek relief from state levies, Customs duties, pitch for single window clearance system

Growth slowdown, fiscal dilemma complicate India's Budget preparation

The Ministry pointed out that revenue receipts in the first half of the year, at almost 52 per cent of Budget Estimates, were above the five-year rolling average

NITI Aayog pushes for funding to build quarters for workers near factories

The programme is likely to be undertaken by providing VGF to private developers to keep dormitory rentals in check and reduce commuting costs and safety concerns for workers in industrial hubs

Govt likely to target FY26 fiscal deficit at 4.4% of GDP to support growth

Looks to ensure enough financial headroom amid global headwinds

Irdai's move to limit banca biz may stifle insurance sector growth: Emkay

Last week, reports suggested that Irdai is likely to bring in regulations to limit the overdependence of life insurance companies on their parent banks for business sources through bank channels

Pre-Budget meet: MSME stakeholders seek tech upgrade, PLI benefits, GST cut

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday. The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1. Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting. The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog