News Muncher - searching for budget

2 weeks, 3 days ago

Pre-Budget meet: MSME stakeholders seek tech upgrade, PLI benefits, cut in GST

New Delhi, Dec 7 Stakeholders from the micro, small and medium enterprises sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday. The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small …

India Manufacturers Association Sought Technology

1 month ago

PLI expansion on hold as government prioritises existing schemes amid disbursement challenges

Live Mint

New Delhi: India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said. Textiles companies making apparel out of manmade fiber must invest a minimum of ₹300 crore and achieve sales of at least ₹600 crore in FY25. While the …

India Manufacturing Indian Companies Crore Sectors Smaller Companies

5 months ago

Chidambaram stings Modi govt on Budget, says ‘copying rewarded in this house’

Hindustan Times

Senior Congress leader and former finance minister P Chidambaram on Wednesday expressed mixed reactions to the newly proposed Employment-Linked Incentive scheme even as he took a swipe at the government for copying his party's poll manifesto. Union Budget 2024: Top 5 takeaways for salaried persons, job seekers Questioning the government's strategy, Chidambaram expressed scepticism about the Production-Linked Incentive scheme's impact …

Finance India Inflation Budget Congress House Minister

5 months ago

Industry Leaders React to FM Nirmala Sitharaman's Budget 2024

Deccan Chronicle

Hyderabad: Finance Minister Nirmala Sitharaman presented her 7th Budget. The government's commitment to infrastructure development is evident and pivotal for achieving long-term economic growth and prosperity.” Meenu Singhal- Socomec Regional MD, Socomec Greater India “Today’s budget announcement marks a pivotal moment for India with funding focus on 9 priorities including Productivity and resilience in Agriculture, Employment & Skilling, Human Resource …

Education Finance India Healthcare Support Growth Development

5 months ago

Budget 2024: PLI scheme may get big boost, these sectors in focus

India Today

Finance Minister Nirmala Sitharaman is set to present the full budget of the 'Modi 3.0' government, with the production-linked incentive scheme expected to be a major focus, with sources suggesting a revamp to include more sectors, particularly those that generate employment. Read Full Budget 2024 Coverage The total PLI incentive in FY23 was Rs 2,002 crore, with revised estimates for …

Budget Sectors Pli Schemes

5 months ago

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

News 18

Union Budget 2024 LIVE: Will FM Will Give Affordable Housing Initiatives? home buyers.” Budget 2024 Expectations Live Updates: Demand For Innovation In Renewable Technologies Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering, said; “As India’s energy demand rises, boosting the share of renewables is crucial for energy security and sustainability, the upcoming union budget is expected to focus on …

India Energy Tax Medical Devices Economic Growth Manufacturing Renewable Energy

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 …

India Mobile Phones Scheme Pli Budget 2024

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 …

Industry Tax Pti Sector Bhatt Space Budget

5 months, 3 weeks ago

ICEA Seeks Tariff Cuts on Smartphone Components in Budget

Deccan Chronicle

New Delhi: India Cellular & Electronics Association has made a case for reduction in input tariffs on smartphone components in the forthcoming Budget to be unveiled later this month.The India Cellular & Electronics Association said higher input tariffs perpetrate import dependency and "restrict" the potential impact of PLI. "Higher tariffs make India incompetent beyond import substitution, and creates a viscious …

India Tariffs Higher Increase Pli Tariff Components

6 months ago

Budget Watch: From toys to footwear, new PLI schemes knocking on the door

Business Standard

During pre-Budget discussions with Finance Minister Nirmala Sitharaman, industry groups called for the introduction of new schemes | Photo: Shutterstock.com The upcoming Union Budget is likely to introduce production-linked incentive schemes for additional categories such as toys, footwear, textiles, and millet-based foods, responding to demands from the industry and several government departments. In the Interim Budget in February, the Department …

Industry Scheme Schemes Pli Budget Watch New Schemes Pli Schemes

9 months, 2 weeks ago

Decriminalisation Of Environmental Offence: Rethink About The Binary Approach

Live Law

The Water Amendment Act, 2024 was passed by the Parliament of India in the interim budget session. Water Act 2024 also adds s. 27A that provides overarching power to the central government to issue guidelines to determine factors on which SPCBs will have to grant, refuse, or cancel consent. Substantial reduction of monetary penalty: The Water Act 2024 provisions that …

Environmental Water Penalty Consultation 2024 Paper Act

11 months ago

Budget 2024 Expectations: A look at key sectors that will be in focus this year

Live Mint

Finance Minister Nirmala Sitharaman is set to present the interim Budget 2024 that is expected to outline estimates for revenue, expenditure, financial performance, fiscal deficit, and projections. Read here: Budget 2024: No change likely in capital gains taxes this time, says Hemant Sood of Findoc Meanwhile, Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company, added that …

India Growth Infrastructure Development Budget Focus Electric Vehicles

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 …

Budget Pti Rs India 2024 Govt

11 months, 2 weeks ago

Will Budget 2024 expand PLI schemes to attract investments?

Live Mint

Budget 2024: While the PLI scheme aims to incentivise domestic value addition and exports, there have been calls for localization requirements around sourcing components to prevent misuse. The budget should clarify efficient sunset clauses, seamless dispute resolution mechanisms, and clear eligibility criteria linking incentives to production milestones rather than mandating strict local sourcing levels initially. Gurmit Singh Arora, National Prеsidеnt, …

Budget 2024 Scheme Pli Sectors Expand

1 year ago

Budget 2024: PLI scheme for Agrochemicals amongst industry’s Wishlist

Live Mint

The Agrochemical industry facing significant challenges during first half posed by higher priced inventories, vagaries of the weather conditions is hoping for a rebound. Rajesh Aggarwal, Managing Director of Insecticides India said that the domestic demand scenarios is reasonable. Since domestic demand prospects remain reasonable Insecticides India will benefit from its high exposure to the domestic market. Insecticides India will …

India First Half Insecticides Insecticides India

1 year, 4 months ago

What India needs to create successful economic zones

Live Mint

We are aware of the transformational economic impact of a cluster-led development model. R: Region I: Infrastructure S: Strategic incentives & investment promotion E: Enabling governance & regulations The aim of every element in this framework is to help India attain global competitiveness, which is critical for it to deliver on its employment and growth potential. This fragmented development in …

India Vietnam China Infrastructure Development Bangladesh Investment

1 year, 10 months ago

Govt focussing on production of high value pharmaceuticals: Mansukh Mandaviya

The Hindu

The government is taking steps to produce "high value pharmaceuticals" in the country to reduce import dependency for such critical articles, Union Minister Mansukh Mandaviya said on Tuesday. "Working on the vision of reducing import dependency through indigenous production, the government is focussing on production of high value pharmaceuticals and high-end medical devices," he said. Mr. Mandaviya said the Department …

Pharmaceuticals Crore Scheme Pli Applicants Mandaviya Dop

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 …

India Manufacturing Indian Production Incentives Scheme Schemes

1 year, 10 months ago

Many more PLIs in the pipeline, says Piyush Goyal

Live Mint

New Delhi: The record capex push in the union budget will drive growth and create jobs, commerce minister Piyush Goyal said in a media interaction, adding that “many” production linked incentives are in the pipeline and they would be announced after getting cabinet approval on a regular basis. Never before in the history of India has the country focused on …

India Growth Exports Pli

1 year, 10 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

Global India Growth Budget Manufacturing Indian Electronics

1 year, 10 months ago

Watch | Union Budget 2023 | Expectations from the telecom industry

The Hindu

In 2022, the auction for telecom spectrum, including bands for offering 5G services, drew record bids. According to Cellular Operators Association of India, higher customs duty on telecom equipment has impacted these companies and therefore, the industry would like to see a relaxation in import duties. Production Linked Incentive Scheme Another area that would draw attention would be the PLI …

India Telecom Industry Uso Budget 2023

1 year, 10 months ago

Budget 2023: Government should provide high priority to digital infra, skilling

Firstpost

Budget 2023-24 would probably be the most challenging one that Finance Minister Nirmala Sitharaman would be tabled on 1 February, 2023. The government’s commitment to digital skill development and its alignment with the IT tech sector, and the PLI scheme targeted at helping manufacturers of IT hardware and computer servers need to receive equal weight in this year’s Budget. In …

India Budget Digital Pli Nlp

1 year, 10 months ago

Budget 2023-24 Expectation: Lithium-ion battery sector hopes for 5% GST cut from 18% on battery packs and cells

Firstpost

Since the electric vehicle industry is one of the major consumers of Li-ion batteries, both the EV and Li-ion battery manufacturing ecosystems are interrelated to a great extent in India The lithium-ion battery manufacturing industry is one of the prominent commercial industries in India. Future opportunities for sector Future opportunities for India’s lithium-ion battery market are likely to arise from …

India Market Industry Budget Manufacturing Indian Battery

1 year, 10 months ago

Budget 2023: An Opportunity To Push India's Pharma Industry Development

News 18

The Union Budget 2023-24 will be presented on February 1 against the backdrop of a global recessionary fear. Several public sector schemes launched in the past few years, including the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission, have focused on building last-mile infrastructure. Outlining the wishlist for the sector in the upcoming Union Budget, Indian Pharmaceutical Alliance Secretary General Sudarshan …

Health India Healthcare Industry Budget Indian Pharma

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Articles for Pli, search results for budget

Pre-Budget meet: MSME stakeholders seek tech upgrade, PLI benefits, cut in GST

PLI expansion on hold as government prioritises existing schemes amid disbursement challenges

Chidambaram stings Modi govt on Budget, says ‘copying rewarded in this house’

Industry Leaders React to FM Nirmala Sitharaman's Budget 2024

Budget 2024: PLI scheme may get big boost, these sectors in focus

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

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

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

ICEA Seeks Tariff Cuts on Smartphone Components in Budget

Budget Watch: From toys to footwear, new PLI schemes knocking on the door

Decriminalisation Of Environmental Offence: Rethink About The Binary Approach

Budget 2024 Expectations: A look at key sectors that will be in focus this year

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

Will Budget 2024 expand PLI schemes to attract investments?

Budget 2024: PLI scheme for Agrochemicals amongst industry’s Wishlist

What India needs to create successful economic zones

Govt focussing on production of high value pharmaceuticals: Mansukh Mandaviya

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

Many more PLIs in the pipeline, says Piyush Goyal

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Watch | Union Budget 2023 | Expectations from the telecom industry

Budget 2023: Government should provide high priority to digital infra, skilling

Budget 2023-24 Expectation: Lithium-ion battery sector hopes for 5% GST cut from 18% on battery packs and cells

Budget 2023: An Opportunity To Push India's Pharma Industry Development