Ambassador Atul Keshap urged India to push for much more ambitious reforms in taxation, regulatory frameworks, and business procedures to enhance the country's global competitiveness and attract greater investment.
New Delhi [India], January 31: As anticipation builds around the Union Budget 2025, investors, businesses, and policymakers eagerly await key reforms that could reshape the economic landscape. This year's budget is expected to focus on tax reforms, housing benefits, incentives for the automo
The 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.
Days 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.
The report highlighted that targeted investments in job creation, along with enhanced farm and non-farm incomes, could play a significant role in reviving the rural economy.
Comprising around 200 member companies, the Forum serves as a platform for dialogue on critical tax policy issues, connecting Government of India policymakers, global tax experts, and the business community to champion innovative and forward-thinking tax reforms.
Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.
Industry body PHD Chamber of Commerce and Industry wants a slew of reform measures in the budget, which includes tax reforms for individuals and Limited Liability Partnership (LLP) firms, expansion of the Production Linked Incentive (PLI) scheme, and revisions to MSME classification norms am
On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its latest report asked for tax reforms. The report says tax Reforms for Deposits can accentuate the banking system's stability and resilience to next level.
Finance Minister Nirmala Sitharaman has announced a significant set of income-tax reforms for the fiscal year 2024-25, aimed at simplifying tax laws, promoting compliance, and fostering economic growth.
The Federation of Indian Chambers of Commerce & Industry (FICCI) has anticipated that the government might reform the taxation system in the union budget, aimed at stimulating economic growth.
The real estate sector has put up various demands ahead of the Union Budget to support and grow the real estate sector in India. The National Real Estate Development Council (NAREDCO) has put forth several recommendations for the sector.