Budget Expectations

Budget 2020: Auto Sector Misses Direct Benefits; Indirect Sops Likely To Drive Sales

Edited by Shubham Parashar | Sunday February 2, 2020

GST reduction and incentive based scrappage policy are the need of the hour, but all indirect benefits should curb liquidity crisis and uplift general customers' sentiment.

Budget 2020: BJP Recommends Tax Tweaks To Attract Foreign Investors

Business | Reuters | Wednesday January 29, 2020

Bharatiya Janata Party has recommended adjusting rules on taxing equity market returns in the upcoming budget on February 1.

Budget 2020 Should Revamp Special Economic Zone Policy: Trade Body

Business | Indo-Asian News Service | Saturday February 1, 2020

According to TPCI, foreign investors should be allowed to import raw materials at zero duty and avail duty rebate proportionate to value addition.

Budget Needs To Move Educational Services To 0% GST Slab: Kara Learning

Business | Edited by Abhishek | Saturday February 1, 2020

Educational services provider have called upon the Finance Minister to move educational services to 0 per cent goods and services tax (GST) slab from currently under the 'exempt' category of GST,

Budget 2020: SIAM Demands GST Reduction On BS6 Vehicles; Incentive Based Scrappage Policy

Edited by Shubham Parashar | Monday January 27, 2020

It's not the first time SIAM has raised these demands, in fact it's been over a year the body has been asking to reduce GST rates in order to push sales during the prolonged slowdown.

Budget Should Focus On Putting More Money In Hands Of People, Says FICCI

Business | Reported By Nidhi Razdan, Edited By Abhishek Vasudev | Saturday February 1, 2020

Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) expects the Budget to put more money in the hands of people especially in rural areas, focus on disinvestment and announce a comprehensive agriculture policy.

Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel

Business | Written by Sakshi Bajaj | Sunday January 26, 2020

Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...

Union Budget 2020: Date, Time, What To Expect

India News | Edited by Richa Taneja | Wednesday January 22, 2020

Budget 2020: The Union Budget 2020 will be presented in the parliament on February 1, 2020, Saturday, by the Union Finance Minister Nirmala Sitharaman.

Corporate Earnings, Budget Expectations To Drive Markets: Analysts

Business | Indo-Asian News Service | Sunday January 19, 2020

Market participants expect measures to boost consumer sentiments via budgetary announcements on enhanced state funding for mega infrastructure projects and other sops to reverse the de-growth cycle.

Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body

Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday February 1, 2020

India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.

Review Exemption Of Import Duty For Indian Defence Forces, Says CII

Business | Edited by Abhishek | Thursday January 16, 2020

CII has suggested that the duty exemption should be extended to the domestic defence industry on import of raw material, components or parts required for manufacturing defence systems.

Industry Body Calls For Reduction In GST On Active Pharmaceutical Ingredients

Business | Edited by Abhishek | Thursday January 16, 2020

Pharma formulations attract GST of 12 per cent whereas inputs active pharmaceutical ingredients (API) have GST of 18 per cent which has led to accumulation of Input tax Credit.

Budget 2020: Industry Body For Lower Custom Duty For Electric Vehicle Battery Imports

Business | Edited by Abhishek | Monday January 13, 2020

Industry Body Confederation of Indian Industries (CII) has called for imposition of lower custom duty for battery importers of electric vehicles.

Budget 2020: Industry Body Calls For Reduction In GST On Automobiles To 18%

Business | Edited by Sandeep Singh | Sunday January 12, 2020

The crisis in the auto sector presents a major problem for the government as it accounts for nearly half of the country's manufacturing output and employs more than 3.5 crore people directly and indirectly.

Budget 2019: Gold Prices Go Up As Customs Duty Raised For First Time In 6 Years

India News | NDTV News Desk | Friday July 5, 2019

Customs duty on gold and other precious metals were raised for the first time in six years today as Finance Minister Nirmala Sitharaman announced an increase in import duty from the current 10 per cent to 12.5 per cent while presenting her first Budget.