Roadmap to Recovery: The 7 Areas Where Nirmala Sitharaman's Maiden Budget Can Make a Difference
5 years, 6 months ago

Roadmap to Recovery: The 7 Areas Where Nirmala Sitharaman's Maiden Budget Can Make a Difference

News 18  

The NDA government’s first full-fledged Union Budget in its second term comes at a crucial juncture. The government must look to rationalise the tax burden by subsuming stamp duty under GST, restoring input tax credit and relaxing Minimum Alternative Tax, besides implementing a single window clearance for developers. There should also be a clear action plan to fast-track usage of eco-friendly electric vehicles including enhanced access to funds, tax credits and duty exemptions for manufacturers, subsidies for buyers and adequate charging infrastructure. Job creation: To create more jobs, the government must design a programme where it identifies, invests in and incentivises sectors with maximum employment potential like food processing, textiles, construction, manufacturing, tourism and retail – forming SEZs with subsidized land, tax holidays and import duty exemptions can be a preferred route. Bank recapitalisation: The Budget must also set aside funds for recapitalisation of banks as a healthy banking system alone can meet the demand for credit and keep the wheels of economy in motion.

History of this topic

How can India’s consumption growth be revived?
9 hours, 59 minutes ago
Infrastructure: Sitharaman will need to juggle conflicting demands in budget
1 day, 10 hours ago
Budget 2025: Can you expect Rs 10 lakh tax-free income?
1 week ago
Budget 2025: 5 key announcements India is waiting for
1 week, 5 days ago
Market leaders urge finance minister to take liquidity-boosting measures in upcoming budget
1 week, 5 days ago
Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?
1 week, 5 days ago
Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?
2 weeks ago
Industry leaders seek investment and consumption boost in pre-budget talks
2 weeks, 1 day ago
Budget 2025: Industry bodies urge Nirmala Sitharaman to slash income tax rates for middle class at pre-budget meeting
2 weeks, 1 day ago
India’s budget needs to address three medium-to-long term priorities
2 weeks, 6 days ago
India must shift its policy focus to address the demand deficiency that ails its economy.
1 month ago
Economists ask Finance Minister to focus on growth rather than fiscal consolidation
1 month, 1 week ago
Tax breaks, reforms, and returns: Why NRIs are banking big on India
1 month, 3 weeks ago
Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
2 months ago
What does Naidu government have in focus for Andhra Pradesh in its budget?
Trending News
2 months ago
Patriarchy is a convenient excuse for inefficiency, not a barrier to success: Nirmala Sitharaman
2 months ago
Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
3 months, 3 weeks ago
Nirmala Sitharaman doesn't wish to tax Indians, but explains why it's not possible
5 months ago
Need a budget that focuses on demand creation
5 months ago
Budget 2024: The Neoliberal Lenses That Skew the Vision
5 months, 1 week ago
India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman
5 months, 2 weeks ago
How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers
5 months, 2 weeks ago
What’s the Budget push for infrastructure?
5 months, 2 weeks ago
​More for more: On the Union Budget and allocations
5 months, 2 weeks ago
Budget 2024: N Chandrababu Naidu hails Centre’s ₹15000 cr help for Andhra Pradesh, says, ‘step towards rebuilding State’
5 months, 3 weeks ago
Budget 2024 creates a template for reforms in Modi 3.0
5 months, 3 weeks ago
Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months, 3 weeks ago
Budget 2024: Placing thrust on infrastructure
5 months, 3 weeks ago
Union Budget 2024: A comprehensive pathway to inclusive growth and economic resilience
5 months, 3 weeks ago
RAI Praises Budget Initiatives for Boosting Farmer AID and Disposable Incomes
5 months, 3 weeks ago
The budget echoes the Developed India vision
5 months, 3 weeks ago
Union Budget 2024 provides blueprint for a self-reliant, developed India: U.P. CM Yogi
5 months, 3 weeks ago
Watch: Budget 2024 | What’s in it for markets and investors?
5 months, 3 weeks ago
India budget: Tax giveaways and handouts for states led by Modi’s coalition partners
5 months, 3 weeks ago
NSE MD gives 10/10 score to Nirmala Sitharaman's Budget: ‘Huge fillip to job creation in India’
5 months, 3 weeks ago
Budget 2024: A case for HNIs to revise investment portfolios
5 months, 3 weeks ago
Rahul Gandhi slams Nirmala Sitharaman's Budget: 'To appease...'
5 months, 3 weeks ago
Budget 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai
5 months, 3 weeks ago
Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months, 3 weeks ago
Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt
5 months, 3 weeks ago
Budget: Sitharaman announces cash bonanza, special schemes for Bihar
5 months, 3 weeks ago
Budget 2024 Highlights on income tax: FM Sitharaman revises personal income tax slabs; taxation rates remain unchanged
5 months, 3 weeks ago
What Budget means for taxpayers: 10 points
5 months, 3 weeks ago
Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital
5 months, 3 weeks ago
9 priorities of Union Budget 2024: Energy security to next-gen reforms
5 months, 3 weeks ago
Budget 2024: BIG announcement for Andhra Pradesh, Govt proposes Rs 15,000 crore to develop state capital
5 months, 3 weeks ago
Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months, 3 weeks ago
Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months, 3 weeks ago
Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman
5 months, 3 weeks ago
Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months, 3 weeks ago

Discover Related