Goldman Sachs highlighted two critical challenges ahead of the Union Budget for the financial year 2025-2026 (FY26) namely managing fiscal consolidation and prioritizing government spending.
In the upcoming Union Budget, the gems and jewellery sector has urged the government for a reduction in goods and services tax (GST) to 1 per cent on revenue equivalence ratio to ease the cost burden on the industry.
The Association of Mutual Funds (AMFI) has released a document with 13 proposals from the mutual fund industry to the finance ministry for the upcoming Union Budget 2025.
The Union Budget 2025-26 should continue to prioritise employment creation to harness India’s demographic dividend and propel economic growth, apex business chamber CII said on Sunday.
FPCBAs are currently classified as PCBAs, though their functionality is similar to connectors. The ICEA recommended that FPCAs should be categorised under a new HSN Code at 10 per cent duty.
The Delhi finance minister pointed out that Delhi’ites paid Rs 15,59,933 crore as income tax to the Central government and got only 0.48 per cent, Rs 7,534 crores, in return.
This year’s Union Budget has once again highlighted the growing disparity between the contributions of individual income taxpayers and corporates to the government’s coffers.
Don’t remain vindictive and bent upon taking revenge on those who have defeated your party. Run the government evenly, ensuring that it is for all,” he said.
It said that the initiatives highlighted in the budget will fortify the backbone of our economy, driving innovation, job creation, and sustainable growth.
For FY 2024-25, the government has allocated a record capital expenditure of Rs 2,62,200 crore for railways, with gross budgetary support amounting to Rs 2,52,200 crore.
