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 Tea Association of India (TAI) has expressed gratitude for the "Pradhan Mantri Cha Shramik Protsahan Yojana" (PMCSPY) scheme designed for the welfare of tea workers, particularly women and children in Assam and West Bengal.
The first post-election Union Budget has sparked significant interest, particularly due to its dual focus on job creation and rural development.
The 50 per cent Standard Deduction relief is going to benefit the entire salaried class, Sachdeva added.
He said out of the total allocation made for this sector, Rs 1,08,000 crore has been given for safety-related provisions.
She said that despite Delhi contributing Rs 2.32 lakh crore in taxes to the Central government, not even a penny has been given to Delhi, and added that this was despite the city's demand for allocation to the Municipal Corporation of Delhi(MCD).
