Page 57 - Budget 2025 News

FY23 Budget wishlist: ACMA seeks uniform 18% GST for all auto components

Auto components industry body ACMA on Tuesday said it has urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

The difficulty in spending

Tax receipts are surging and markets are primed for higher state government deficits, but states are struggling to spend

Govt set to allow 20% foreign direct investment in LIC ahead of listing

DFS, Dipam and DPIIT have finalised the change in FDI policy

Infra expectations from Budget

The Union Budget could send a strong signal that surety bonds will be made fully operational in 2022-23

Budget FY23: Covid-hit hospitality sector demands infra status for hotels

With fresh wave of Covid plunging hospitality sector back into uncertainty, industry body said it has asked government to consider granting infrastructure status to hotels, extend moratorium on loans

Advance alert

Budget must focus on recovering lost ground

Explained: Why economically weaker section could become a taxing issue

The Centre's three-member committee has recommended incorporating tax database to determine the income status of beneficiaries

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

Direct overseas listing of Indian startups not expected in Budget FY23

The industry department is examining the matter to understand exactly what the startups want, DPIIT secretary Anurag Jain says

Gross fixed capital formation: Advance estimates hopeful, say analysts

Most of capex brunt being borne by Centre, say analysts

EC would not like to interfere in Union Budget presentation: CEC Chandra

The Election Commission (EC) on Saturday announced the schedule for assembly elections to Uttar Pradesh, Uttarakhand, Punjab, Manipur and Goa.

Budget Session will be 'out of focus': TMC on announcement of poll dates

Parliament's Budget Session usually begins in the last week of January every year

Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates

The government was given this lever after the first Advance Estimates pegged GDP at current prices at Rs 232.15 trillion

FY22 GDP estimate on expected lines, but there can be a downward bias

The next fiscal year (FY23) will be the one to watch out for and assuming that there would be no more Covid shocks, growth would be more real

FY22 per capita income may rise 12% over pre-Covid level: Advance estimates

In FY21, per capita income had dropped by 4% to Rs 1.29 lakh, showcasing the plight of common man who bore the brunt of lockdown and job losses

India's GDP likely to grow 9.2% in FY22: First advance estimates

According to the statistics office, agriculture is expected to grow at 3.9% in FY22 while manufacturing is likely to expand by 12.5% and trade and hotel sector are expected to grow at 11.9%

Tech start-up body writes to FM seeking crypto tax provisions in Budget

The letter lists nine recommendations to regulate crypto companies in the country

Indian economy to grow 9.2% in FY22, fastest in world :Govt data

Risks to the economy stem from an Omicron-led third Covid wave, which may upend growth revival across sectors, specially the contact-intensive services industries

India's GDP may grow 9.2% in FY22: First advance estimates

Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year

Karad slams Thackeray, Maharashtra FM for not attending pre-budget meetings

MoS Finance Bhagwat Kishanrao Karad slammed Maharashtra CM Uddhav Thackeray and State FM Ajit Pawar for not attending pre-budget consultation meetings called by Nirmala Sitharaman