Page 29 - Budget 2022

Union Budget 2022 to be presented on February 1 at 11 am

The Union budget 2022 - 23 will be presented at 11 AM on February 1, sources said.

TPCI seeks support measures in Budget to promote food, beverage industry

The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to promote the food and beverages industry. It also demanded input tax credits for the industry, incentivise institutions for traceability in the food supply system; subsidy for testing in the food sector, funds for setting up food and beverage tech machinery manufacturing plants; and interest subvention scheme for MSMEs. "Looking at the great potential which the agri and food sector holds for the economy, this sector needs further thrust and renewed focus. The agri and food sector has shown a resilient growth of more than 20 per cent sustainably despite tough times," V K Gauba, Additional Director General TPCI said in a statement. The agri and food exports may touch USD 40 billion mark this .

Top headlines: Food and fertiliser subsidy; Goa Assembly polls, more

The Union Budget 2022 could allocate steep sums for food and fertiliser subsidies for 2022-23, similar to the Revised Estimates for the current fiscal year

PwC's Ranen Banerjee on Budget expectations for MSMEs and more

Ranen Banerjee of PwC India shares his views with Business Standard's Krishna Veera Vanamali on what he expects from the upcoming Budget for the MSMEs and what the govt can do to boost demand

TMS Ep93: Netflix in India, PwC's Ranen Banerjee, markets, tax types

Why Netflix failed to crack the Indian market? What is Ranen Banerjee's Budget expectation for MSMEs? Is broader market crash likely to get deeper? What are direct and indirect taxes? All answers here

A broad-based Budget

Central theme must be low-skilled job creation

Budget session: Different timings for Lok Sabha, Rajya Sabha amid Covid

Lok Sabha and Rajya Sabha will meet at separate times of a day for five hours each to ensure Covid distancing norms during the Budget Session beginning January 31

Covid LIVE: Delhi's positivity rate falls to 12%; 1,857 new cases in Mumbai

Number of active cases in Mumbai are 21,142; Delhi sees 5,760 new cases

Budget 2022: Icra expects enhanced support for waterways, logistics sectors

An increased budgetary support from the government for flagship projects including Sagarmala and inland waterways will provide a boost to the execution pace and investments, Icra said

Budget 2022: Key sectoral expectations from Indirect Tax perspective

Expectations continue to circle economic recovery, ease of compliance and kick-start investment cycle to transit domestic economy into a higher growth orbit while remaining inclusive and sustainable

Top headlines: PSUs asked to declare assets; A-team preps Budget 2022

The government has asked public sector undertakings to declare the market value of their land. More on that in top headlines.

Budget 2022: What markets expect from the Finance Minister

Market participants expect the govt to retain its emphasis on capex investment. What else do markets expect from the Union Budget, and what more are the demands of investors? Let's takes a quick dive

Budget 2022: Farmers in need of a new deal, says ICRIER's Ashok Gulati

'Much of the agricultural policies in the past have focused on production', said Gulati

Budget wishlist: Here are the key challenges in infrastructure sector

Implementation of reforms related to corporatisation of ports needs acceleration

T V Somanathan to Debashish Panda: Meet FM's A-team behind Budget 2022

2021-22 will be another year when the Centre's divestment plans could fall short of the budgeted target

Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters

The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery

Budget must strike a balance between growth and equity

The uneven growth across various sectors and unequal distribution of benefits of economic growth cannot be ignored

Bulking up IFSC: A wide-ranging expansion of its remit expected in Budget

FY23 will be aimed at making IFSC the centre to use rupee as a freely convertible currency

Budget: Assocham requests govt to remove custom duty on copper concentrate

Industry body Assocham has urged the government to reduce the customs duty on copper concentrate from the present 2.5 per cent to zero

Budget 2022: Pharma industry seeks enhanced funds for healthcare sector

The domestic pharmaceutical industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities and continuation of tax concessions on various drugs in the upcoming Union Budget. The industry is also seeking simplification of various processes in order to enhance ease of doing business for the private sector companies. "An increase in the budgetary allocation from the current 1.8 per cent of the GDP to 2.5-3 per cent, as envisaged in the National Health Policy 2017 along with a separate allocation for the bio-pharmaceutical sector R&D is imperative," Organisation of Pharmaceutical Producers of India (OPPI) President S Sridhar told PTI. The industry saw significant momentum over the past year, especially in ensuring access to COVID-19 vaccines and medicines and this year's Budget will be crucial to accelerate sectoral growth and access to innovative health solutions across various diseases and not COVID ...