Page 27 - Budget 2025 News

Local medical device makers seek trade margin rationalisation in Budget 23

Group wants basic custom duty on import of medical devices increased to 10-15%

'Budget For Children' charter demands more investment for PM-POSHAN

Increasing investment on all schemes for children, particularly on PM-POSHAN and raising health budget are among the demands in 'Budget For Children' charter presented to Minister of State

Trade union bats for separate business management service cadre for PSUs

Bharatiya Mazdoor Sangh (BMS) wants creation of a separate business management service cadre like IAS, IFS to manage the public sector units (PSUs)

10 major trade unions boycott pre-budget meeting with Sitharaman

Ten major trade unions of the country, including the AITUC, INTUC, and AIUTUC among others, boycotted their pre-budget consultations with Union Finance Minister citing lack of proper time given

Allow mega powerloom cluster in T'gana as G20 logo return gift: KTR to PM

Telangana Minister KT Rama Rao said the best return gift to weavers of Siricilla who made G20 logo will be to sanction a mega power loom cluster in the upcoming Union Budget to the state

Budget 2023-24: Miners' body seeks withdrawal of export duty on bauxite

Miners' body FIMI has sought withdrawal of export duty on bauxite, stating that the move will lead to optimum utilisation of low-grade mineral resources

Chhattisgarh CM Bhupesh Baghel heads to Delhi for pre-Budget meet

Chhattisgarh Chief Minister Bhupesh Baghel left for Delhi on Thursday to participate in the pre-Budget meeting of chief ministers to be chaired by Union Finance Minister Nirmala Sitharaman.

Abolish exemptions

Instead of reducing tax rates, Budget 2023 should take steps to reverse the decline in tax buoyancy

India may boost rural spending by 50% next year to spur jobs, housing

India may increase rural spending by nearly 50% to 2 trillion rupees ($24.51 billion) next fiscal year, as the country seeks to boost jobs

CII suggests slashing income tax rates in upcoming budget o revive demand

The CII has suggested a cut in personal income tax rates to revive demand -- a move which would benefit 5.83 crore taxpayers who have filed returns for assessment year 2022-23

Focus on job creation, capex boost, tax measures in Budget: Industry to FM

Employment-linked incentive scheme for services sector suggested

Decriminalise GST law, cut personal income tax rates in Budget: CII to govt

Industry body CII has pitched for a reduction in personal income tax rates, decriminalisation of the goods and services tax and a relook at the capital gains tax rates for Budegt

FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets

Govt plans changes in capital gains tax in Budget 2023, says report

Changes in capital gains tax in India are expected in the next budget, an income tax official from India's finance ministry said on Tuesday

Budget 2023-24: Centre's capex support for states likely to continue

The scheme, for FY23, consists of Rs 1 trillion, 50-year, interest-free capex loans to states. It is part of the Centre's capex budget of Rs 7.5 trillion

Budget 2023-24: FY24 direct tax target likely to see 14-17% increase

Centre's FY23 mop-up may top BE by Rs 1-1.5 trn

Budget 2023-24: Sitharaman's meetings with stakeholders to begin on Nov 21

Seven meetings will take place between November 21 and 24, while the pre-budget interaction with state Finance Ministers is expected to take place in December in Madurai

FM Sitharaman likely to begin pre-Budget talks from third week of November

FM Nirmala Sitharaman and senior officials will hold eight meetings in all with all stakeholders

On the cards: Expansionary Budget with optimistic tax revenue rise

Finance Minister Nirmala Sitharaman is expected to present the next Budget on February 1

The process involved in preparing the Union Budget: An explainer

All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech