The budget needs to prioritize energy security by reducing fossil fuel dependence and promoting renewable sources. It should also address discom losses and enhance electric mobility, while working towards India's goal of net-zero emissions by 2070.
Read MoreNew Delhi: The ministry of heavy industries (MHI) has called on the finance ministry to lower the goods and services tax (GST) rate on two-wheelers powered by compressed natural gas (CNG), two people aware of the development said.
Read MoreAs Union Budget 2025 approaches, stakeholders expect reforms in indirect taxation to enhance economic growth and compliance. Key areas include customs duty rationalization, an amnesty scheme for long-standing litigations, and incentives for electric vehicles.
Read MoreAs the countdown to Union budget 2025-26 enters its final phase, it is about time individual taxpayers got a look-in from finance minister Nirmala Sitharaman.
Read MoreThe industry players in the infrastructure sector -- from construction to real estate, transportation, and urban development -- also emphasised the need for fiscal reforms and policies that would ease the burden on infrastructure projects.
Read MoreBudget 2025 Expectations LIVE: Indian taxpayers, especially the middle class and corporate India alike are seeking tax reforms such as revised income tax slabs, lower GST rates, regulatory updates, Drand anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.
Read MoreBudget 2025 Expectations LIVE: Corporate India is seeking tax reforms, lower GST rates, regulatory updates, and anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.
Read MoreThe Finance Ministry has issued a warning regarding fake GST violation notices created by fraudsters. These notices appear authentic due to the use of the CBIC's logo and DIN, prompting taxpayers to verify authenticity and report any suspicious documents.
Read MoreThe hotel sector advocates for lower GST rates and infrastructure status to alleviate costs and boost competitiveness. With rising demand for hotel rooms, these reforms are crucial for attracting investments and supporting India's tourism vision for 2047.
Read MoreDays ahead of the Union Budget 2025-26 on February 1, the industry players in the manufacturing sector have called for favourable policies boosting local manufacturing, reducing GST on consumer durables, and tax reforms to increase disposable incomes and stimulate consumer spending.
Read More