Budget 2022 | India Inc. seek Budget sops from govt. for creating jobs
2 years, 10 months ago

Budget 2022 | India Inc. seek Budget sops from govt. for creating jobs

The Hindu  

Ahead of the Union Budget 2022-23, Indian industry has urged the government to offer incentives for creating jobs, including special sops under the Production Linked Incentive schemes already announced. The plea assumes significance amid growing concerns about high unemployment levels in the country, even as a FICCI survey of manufacturing firms showed that 75% of firms don’t plan to hire in this quarter despite a marked increase in business volumes and orders in the October to December 2021 quarter. “With the imperative to support jobs and create new employment as the country recovers from the pandemic, the Confederation of Indian Industry suggests that the Budget add a job-creation component to the PLI incentives for 13 sectors,” the industry chamber’s director general Chandrajit Banerjee said. “The cost of doing business remains a cause for concern high raw material prices, cost of finance, uncertainty of demand, shortage of working capital and logistics costs, combined with low domestic and global demand due to supply chain disruptions,” the survey found, adding that large volumes of cheap imports and high power tariffs are further constraining business expansion plans.

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History of this topic

India job outlook 2025: How IT, energy, infra, logistics will drive hiring
1 week, 1 day ago

India job outlook 2025: How IT, energy, infra, logistics will drive hiring

India Today  

Employers in India are more optimistic about increased hiring next year compared to their global counterparts. According to the latest ManpowerGroup Employment Outlook report, which surveyed 3,000 employers, 53 per cent plan to hire while 13 per cent anticipate a reduction in staffing levels during Q1 2025. Sonal Arora, country manager of GI Group Holding, stated: “Overall, 2024 was a …

To generate jobs, India should consider a jobs-linked incentive scheme
3 weeks, 4 days ago

To generate jobs, India should consider a jobs-linked incentive scheme

Live Mint  

Employees Provident Fund Organisation data shows that around 12-13 million formal jobs are added every year. The concept of having a stock of employees on the bench is outdated even in the information technology sector, where hiring now follows the tenet of ‘just in time.’ A policy response could be for the government to provide financial incentives to the private …

PLI disbursement negligible in FY25
1 month ago

PLI disbursement negligible in FY25

New Indian Express  

NEW DELHI: The disbursal of payments under the Production-linked Incentive Scheme has been negligible in the current financial year, and the government is clueless about the reasons why companies are not claiming the benefits. Till last financial year, the government had paid nearly Rs 10,000 crore, and this year the disbursement has been less than Rs 1,000 crore. The same …

Good start on job creation but more steps are needed
4 months, 3 weeks ago

Good start on job creation but more steps are needed

New Indian Express  

Ending years of handwringing, the NDA government has finally decided to tackle the issue of high unemployment in the country. Last week, presenting Budget 2025, Finance Minister Nirmala Sitharaman gave job creation the greatest shot of adrenaline, rolling out five new schemes with an unprecedented outlay of Rs 2 lakh crore. The proposed package is expected to facilitate employment and …

Budget 2024 creates a template for reforms in Modi 3.0
4 months, 4 weeks ago

Budget 2024 creates a template for reforms in Modi 3.0

Firstpost  

This year’s Budget stands out for its balanced approach, focusing on fiscal discipline, capital expenditure, regulatory simplification, job creation, and next-generation reforms, aiming to stimulate high growth and employment Budgets have long been spectacles of grand announcements and symbolic gestures. Additionally, the budget aims to enhance women’s workforce participation through infrastructure support and specialised skilling programmes, and to upgrade 1,000 …

Budget 2024: What is in store for labour? | Watch
5 months ago

Budget 2024: What is in store for labour? | Watch

The Hindu  

In her seventh budget speech, Finance Minister Nirmala Sitharaman announced three new employee-linked incentive schemes in the Union Budget for 2024-25. The three schemes, which are part of the Prime Minister’s package, will align with enrolment in the Employee Provident Fund Organisation and focus on the recognition of first-time employees, as well as support to both employers and employees. The …

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister
5 months ago

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister

The Hindu  

Kerala Finance Minister K. N. Balagopal on July 23 slammed the 2024-25 Union Budget, calling it a “gimmick” and a “political exercise” solely intended to protect the interests of the BJP-led NDA government. “While the BJP opened its account in Kerala, Kerala’s account has been closed,” Mr. Balagopal remarked, in an apparent reference to the BJP candidate Suresh Gopi’s win …

Economic Survey 2023-24: Economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector
5 months ago

Economic Survey 2023-24: Economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector

The Hindu  

India's workforce is nearly 56.5 crore, with more than 45% employed in agriculture, 11.4% in manufacturing, 28.9% in services, and 13.0% in construction, highlights the Economic Survey 2023-24 released by the finance ministry on July 22. It stated, “The female labour force participation rate has been rising for six years, from 23.3% in 2017-18 to 37% in 2022-23, driven mainly …

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know
5 months, 1 week ago

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know

India TV News  

Budget 2024: There are high expectations regarding a potential reduction in the price of mobile phones in the upcoming budget. Last year, the central government reduced import taxes on key components, such as camera lenses, to promote mobile phone manufacturing in India. Govt likely to re-implement PLI scheme According to the report, the new NDA government is expected to re-implement …

Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS
5 months, 1 week ago

Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS

India TV News  

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget next week, the private space sector has outlined several key expectations. "More money for space-related acquisitions, tax holidays, import holidays, and PLI scheme for space," Pixxel Space co-founder and CEO Awais Ahmed told the media when asked about his wishlist for the budget. "ISpA calls for a commitment from …

Centre questions Citigroup’s report on employment in India
5 months, 2 weeks ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

India plans to expand production-linked incentives for small textile firms: minister
5 months, 4 weeks ago

India plans to expand production-linked incentives for small textile firms: minister

Hindustan Times  

By Manoj Kumar India plans to expand production-linked incentives for small textile firms: minister NEW DELHI - India plans to expand production linked incentives to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. The government introduced incentives for the textile sector in 2021, and has …

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors
10 months, 2 weeks ago

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors

News 18  

The Union government has once again showcased its commitment by allocating a staggering Rs 6,903 crore in the Interim Budget for 2024-25. This significant boost follows the allocation of Rs 3,000 crore in the previous year, affirming the government’s determination to foster the semiconductor and electronics manufacturing sector. Ashok Chandak, president of the India Electronics & Semiconductor Association, lauded the …

Interim Budget 2024: Here's how government can boost domestic manufacturing
10 months, 3 weeks ago

Interim Budget 2024: Here's how government can boost domestic manufacturing

India Today  

The countdown to the Interim Budget 2024-25 has begun, and leaders from various sectors are voicing their hopes and expectations, particularly centered around strengthening domestic manufacturing. Ashok Rajpal, Managing Director of Ambrane India, highlighted the positive impact of Production-Linked Incentive schemes and manufacturing incentives on the consumer electronics industry. “The PLI schemes and various manufacturing incentives have already proven instrumental …

Interim Budget 2024: Six key areas to look out for
10 months, 4 weeks ago

Interim Budget 2024: Six key areas to look out for

Live Mint  

Union Finance Minister Nirmala Sitharaman will present the interim Budget on February 1. Take a look at six key areas that could get the maximum weightage in the government's interim budget, 1) The government may make the National Pension System more attractive by extending tax concessions on contributions and withdrawals, especially for senior citizens above 75 years, PTI reported. 3) …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

India’s fiscal deficit may breach 5.9% of GDP target: India Ratings and Research
11 months, 3 weeks ago

India’s fiscal deficit may breach 5.9% of GDP target: India Ratings and Research

The Hindu  

India’s fiscal deficit may breach the 5.9% of GDP target for this year and could hit 6%, even though tax collections have been buoyant and may offset a wide shortfall in disinvestment outcomes, due to the likelihood of revenue spending exceeding the Budget Estimate by about ₹2 lakh crore, India Ratings and Research said on December 26. The Centre has …

Cabinet approves ₹17,000 crore PLI scheme for IT hardware
1 year, 7 months ago

Cabinet approves ₹17,000 crore PLI scheme for IT hardware

Hindustan Times  

The Union Cabinet on Wednesday approved the second phase of the Production Linked Incentive or PLI scheme for IT hardware, in order to accelerate domestic manufacturing of hi-tech electronics, building on efforts that catapulted India to become the second-largest mobile phone manufacturer in the world. “This scheme will boost employment, strengthen our eco-system for innovation and lead to greater investments.” …

Govt. more than doubles outlay on PLI for IT hardware to ₹17,000 crore
1 year, 7 months ago

Govt. more than doubles outlay on PLI for IT hardware to ₹17,000 crore

The Hindu  

The Union Cabinet on Wednesday approved an updated Production Linked Incentive scheme for IT hardware manufacturing, with the total budgetary outlay increased to ₹17,000 crore, Minister of Electronics and Information Technology Ashwini Vaishnaw announced. “This year it crossed a major benchmark in production – $105 billion.” India crossed $11 billion in mobile phone exports, and was now the second-largest mobile …

Production Linked Incentive Scheme: How does it aim to drive India’s economic growth?
1 year, 10 months ago

Production Linked Incentive Scheme: How does it aim to drive India’s economic growth?

Live Mint  

The Union Budget 2023-24 has allocated Rs 8,083 crore for various production linked incentive schemes. Production Linked Incentive Schemes in India have been gaining traction as a policy tool to promote manufacturing and spur economic growth. In India, the government introduced the Production Linked Incentive Scheme in April 2020, with the aim of promoting manufacturing activities in the country. The …

Budget 2023-24: A lookback at the achievements of Modi govt since 2014
1 year, 10 months ago

Budget 2023-24: A lookback at the achievements of Modi govt since 2014

Firstpost  

The Union Finance Minister has provided credit for the efficient implementation of many schemes with the universalisation of targeted benefits for the resultant inclusive development across the country since 2014. New Delhi: The government’s efforts since 2014 have ensured all citizens a better quality of living and a life of dignity, said Union Finance Minister Nirmala Sitharaman. “We have significantly …

Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'
1 year, 10 months ago

Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'

ABP News  

Budget 2023: The crucial day is here when Prime Minister Narendra Modi-led NDA government 2.0 will be presenting its last full-fledged budget ahead of the Lok Sabha polls in 2024. Taxpayers are hoping for further exemption in the current taxable income from Rs 2.5 lakh per annum to Rs 5 lakh per annum. Introduced in Budget 2020, the new tax …

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
1 year, 10 months ago

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections. Ms. Sitharaman’s …

After 'smart recovery' from Covid, what do MSMEs expect from Budget 2023
1 year, 10 months ago

After 'smart recovery' from Covid, what do MSMEs expect from Budget 2023

Hindustan Times  

The micro, small and medium enterprises sector has posted smart recovery from pandemic-induced shock, with the goods and services tax paid by the sector in fiscal year 2022 exceeding the pre-pandemic level in FY20, the Economic Survey tabled in parliament on Tuesday noted. The Economic survey highlighted Covid had a significant negative impact on the sector’s performance. Economic survey highlighted …

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report
1 year, 10 months ago

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report

ABP News  

In just two days Budget 2023 will be presented in the Lok Sabha. According to the survey, the majority of economists expect this Budget "to steer clear of populist measures and focus on strengthening manufacturing and creating jobs." According to HSBC Holding Plc’s chief India economist Pranjul Bhandari, the nation’s path to fiscal consolidation will require a herculean effort. The …

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class
1 year, 10 months ago

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class

News 18  

Budget 2023 Expectations: 'Healthcare Budget For Moving Towards Value-Based Care Model' Apurva Sule, Chief Business Officer, Heaps Health, said, “The National Health Authority, in its most recent announcement, plans to introduce a new system wherein the performance of the hospitals empaneled with the central flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will be graded on value-based health care …

Budget 2023: Agricultural sector anticipates incentives for innovative technologies
1 year, 10 months ago

Budget 2023: Agricultural sector anticipates incentives for innovative technologies

India TV News  

Budget 2023: As millions of Indians rely on agriculture for their primary source of income, the sector has always been a major focus of the union budget, particularly in recent years. The industry anticipates that the government in Union Budget 2023 will support interventions that will enable farmers to sustainably increase their incomes this year as well. In addition, the …

Budget 2023: What Fintech companies expect from Modi govt
1 year, 10 months ago

Budget 2023: What Fintech companies expect from Modi govt

India TV News  

Budget 2023: The Fintech sector has been a frontrunner for the growth of the India's financial industry. The sector is rightfully portrayed as a vital constituent for supporting Indian government’s efforts for financial inclusion and digital India, and a bridge to reach the $5 trillion economy target by 2025. With the upcoming Union Budget 2023-24, the timing has been ideal …

Budget 2023 Expectations: These Sectors Likely To Get PLI Scheme Benefits
1 year, 11 months ago

Budget 2023 Expectations: These Sectors Likely To Get PLI Scheme Benefits

News 18  

Budget 2023: The government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive scheme to cover more high-employment potential sectors. A proposal to extend PLI scheme benefits to different sectors such as toys and leather is at advanced stages of finalisation …

Budget 2023: How to accelerate growth of Indian manufacturing sector
1 year, 11 months ago

Budget 2023: How to accelerate growth of Indian manufacturing sector

India TV News  

Budget 2023: In recent years, the government has implemented a number of supply-side policies to boost manufacturing, and thus investment and Economic growth. According to the experts, the union budget for 2023-24 may benefit the sector significantly as the government intends to provide a significant boost to manufacturing while focusing on increasing private investment and exports.“The Indian manufacturing sector anticipates …

Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields
1 year, 11 months ago

Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields

India TV News  

Budget 2023: In an attempt to expand Production Linked Incentive scheme to cover more high-employment potential sectors, the Union government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget. A proposal to extend PLI scheme benefits to different sectors such as toys and leather are at advanced stages of …

Budget 2023: Local manufacturing likely to get huge boost amid global economic slowdown
1 year, 11 months ago

Budget 2023: Local manufacturing likely to get huge boost amid global economic slowdown

India Today  

The central government is working on a crucial plan to boost India’s GDP growth in FY24 to tackle the impact of the global economic slowdown that is likely to get worse. PLI allocation and incentive boost likely High-impact manufacturing sectors like electronics and IT hardware could get a significant top up in allocation under the PLI scheme, as per people …

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report
1 year, 11 months ago

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report

ABP News  

As the world’s chip shortage problem persists, the central government is likely to incentivise local chip manufacturing. According to a report by the Economic Times, the Ministry of Electronics and IT is working on an incentive scheme, worth around Rs 10,000 crore to Rs 12,000 crore, to promote domestic manufacturing of high-end components that could go into products such as …

Union Budget 2023: Rural Spending May Witness 50 Per Cent Jump Next Fiscal, Says Report
2 years, 1 month ago

Union Budget 2023: Rural Spending May Witness 50 Per Cent Jump Next Fiscal, Says Report

ABP News  

India is likely to increase rural spending by nearly 50 per cent to $24.51 billion next fiscal year in its effort to boost jobs and affordable housing before the general elections in 2024. Boost To Rural Sector The rural development ministry has been allocated Rs 1.36 lakh crore for the current fiscal year, but it could end up spending more …

India Inc. wants I-T cuts, focus on job creation, tax slabs
2 years, 1 month ago

India Inc. wants I-T cuts, focus on job creation, tax slabs

Deccan Chronicle  

NEW DELHI: Amidst the global uncertainty on economy, India Inc asked the government to focus on key issues such as job creation, rationalisation of the Goods and Services Tax, personal income tax slabs, investment, privatisation of public sector units and increasing allocation to capital expenditure among others, in its pre-Budget consultation with finance minister Nirmala Sitharaman on Monday. "…the government …

Production-linked incentives | Dole or incentive?
2 years, 1 month ago

Production-linked incentives | Dole or incentive?

India Today  

For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. Targeting 14 key sectors, the scheme, with an outlay of Rs 1.97 lakh crore, aimed to create national manufacturing champions, 6 million new jobs and additional production …

Kerala’s new draft industrial policy promises huge incentives for MSMEs and non-MSMEs
2 years, 2 months ago

Kerala’s new draft industrial policy promises huge incentives for MSMEs and non-MSMEs

The Hindu  

Kerala's new draft industrial policy, set to be officially unveiled by Industries Minister P. Rajeeve on Thursday, promises a host of incentives aimed at attracting investments, promoting employment generation, and fostering entrepreneurship. Major incentives The major incentives proposed include 10% investment subsidy on fixed capital for non-MSMEs, subject to a maximum of ₹10 crore and 100% State GST reimbursement for …

Joblessness below pre-COVID levels: Finance Ministry
2 years, 3 months ago

Joblessness below pre-COVID levels: Finance Ministry

The Hindu  

Demand for work under the national rural employment guarantee scheme hit a two-year low in August, signalling that the recovering economy is creating more jobs in rural as well as urban India, the Union Finance Ministry said on Saturday. India’s inflation, the Ministry said, is “in control” and expected to moderate in coming months from the 7% mark in August …

Unemployment Rate Below Pre-Pandemic Levels, MGNREGA Work Demand Lowest in August: Govt
2 years, 3 months ago

Unemployment Rate Below Pre-Pandemic Levels, MGNREGA Work Demand Lowest in August: Govt

News 18  

The unemployment rate in urban areas has shrunk for the fourth consecutive quarter ending at 7.6 per cent in the June quarter of 2022, as against 14.3 per cent in the June quarter of the previous year, the monthly economic review by the finance ministry said on Saturday. “The unemployment rate is now below pre-pandemic levels as measures taken earlier …

PLI scheme has potential to add 4% to India’s GDP annually, here’s why
2 years, 5 months ago

PLI scheme has potential to add 4% to India’s GDP annually, here’s why

Live Mint  

The production-linked incentives scheme which is expected to boost the manufacturing sector has the potential to 4% to GDP per annum in terms of incremental revenues. The scheme which is aimed to offering nearly ₹2.4 lakh crore incentives in key business areas over the next five years, has seen maximum response from the electronics, auto components, and pharma sectors, according …

Union Budget 2022 | Medium Wave
2 years, 10 months ago

Union Budget 2022 | Medium Wave

The Hindu  

Union Finance Minister Nirmala Sitharaman, presenting her fourth Budget and the second one in a pandemic-hit economy on Tuesday, largely stuck to the broad script from last year, scaling up the wager on public capital spending to revive private investments and job creation through a virtuous growth cycle, while keeping an eye on the country’s macro fiscal health. Contact-intensive services …

Budget 2022: Creation of 60 lakh jobs next target of govt, says FM Nirmala Sitharaman
2 years, 10 months ago

Budget 2022: Creation of 60 lakh jobs next target of govt, says FM Nirmala Sitharaman

India Today  

Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman said the next target of the government is to create 60 lakh jobs. "Production Linked Incentive Scheme for achieving Aatmanirbhar Bharat has received an excellent response, with potential to create 60 lakh new jobs and additional production of 30 lakh crore during next Keycap digit five years," she said. Read: Budget …

Budget 2022: India to lay out plan for keeping world’s fastest-recovery going
2 years, 10 months ago

Budget 2022: India to lay out plan for keeping world’s fastest-recovery going

Live Mint  

India is set to present an annual budget topping $500 billion Tuesday, in one of its most keenly watched economic events seen pivotal to sustaining the nation’s recovery from pandemic-induced disruptions. While the fiscal deficit forecast is narrower than the 6.8% gap targeted for the current fiscal year, it’s far wider than the shortfall seen in pre-pandemic years. Higher spending …

Benefits all sections especially farmers, women, youth: CM Yogi on Union Budget 2022
2 years, 10 months ago

Benefits all sections especially farmers, women, youth: CM Yogi on Union Budget 2022

India TV News  

Highlights CM Yogi termed Budget 2022 a progressive one saying it benefits all sections Important announcements such as MSP, measures to double farmers income, others were made, he said Budget will make India self-reliant, lay foundation for a new India, said Amit Shah Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday termed Union Budget 2022-23 a progressive one saying it …

Budget 2022: Expanding PLI schemes to small businesses will democratise Atmanirbhar Bharat
2 years, 10 months ago

Budget 2022: Expanding PLI schemes to small businesses will democratise Atmanirbhar Bharat

Firstpost  

It’s Budget time and almost everyone has high expectations of India’s finance minister. Before the previous year’s Budget, the mood was dull, with expectations revolving around government support through regulatory measures, and not much around tax cuts. What we expect from Budget 2022 Fintech • Given the stellar role played by fintech in the financial inclusion of a scale unheard …

Budget 2022: These stocks are likely to benefit from Sitharaman’s announcements
2 years, 10 months ago

Budget 2022: These stocks are likely to benefit from Sitharaman’s announcements

Live Mint  

Infrastructure, rural development and health-care stocks are among analysts’ top picks as India’s government is set to step up spending in a budget aimed at kickstarting investment to boost growth. “This will include public infrastructure capex towards roads, water, metro, railways, defense, digital infrastructure, and green technologies.” Here are the top sector and stock picks by some leading brokers: Infrastructure …

Budget 2022: India may boost spending with near-record debt
2 years, 10 months ago

Budget 2022: India may boost spending with near-record debt

Live Mint  

India, which is set to regain the world’s fastest-growing major economy title, will likely prioritize growth over fiscal consolidation by boosting spending, according to economists surveyed ahead of Tuesday’s presentation of the nation’s federal budget. Finance Minister Nirmala Sitharaman will probably increase the budget by about 14% year-on-year to 39.6 trillion rupees in the fiscal year beginning April, according to …

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs
2 years, 10 months ago

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs

ABP News  

New Delhi: As Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2022 on February 1, the Indian fintech industry is eyeing more opportunities and allocations, while simultaneously vying to soften the blows from the Covid-19 pandemic. Here are some of the expectations of the fintech industry from the Union Budget: Dilip Modi, founder, Spice Money The fintech industry …

Budget 2022: RSS-affiliate says more tax on bidi may push many to Naxalism
2 years, 10 months ago

Budget 2022: RSS-affiliate says more tax on bidi may push many to Naxalism

Hindustan Times  

Amid speculations over raising tax on tobacco products in the upcoming Budget, the economic arm of Rashtriya Swayamsevak Sangh, Swadeshi Jagran Manch, has urged the government to cut tariff on ‘bidis', small hand-rolled cigarettes made of tobacco wrapped in 'tendu' leaves, often dubbed as a poor man's cigarette. Addressing a virtual event, SJM co-convenor Ashwani Mahajan demanded that 'bidis' be …

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