Ahead of the upcoming Union Budget, Union Parliamentary Affairs Minister Kiren Rijiju informed on Monday that the government has called an all-party meeting on January 30.
Phillip Capital projects the fiscal deficit for FY26 to range between 4.5 per cent and 4.6 per cent of GDP, while FY25 is expected to close slightly higher at 4.6 per cent-4.7 per cent.
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 upcoming Union Budget for 2025-26 is expected to focus more on the railways sector than highways, according to a report by Nuvama. This marks a significant shift in infrastructure priorities, with railways likely to receive increased budgetary allocations.
As the Union government gears for the Union Budget 2025-26, players in electric Vehicles (EVs) have urged Finance Minister Nirmala Sitharaman to introduce transformative reforms that enhance affordability, infrastructure, and innovation in the sector to tackle both manufacturing and consumer
The current tax structure, with a basic exemption limit of Rs3,00,000 under the new tax regime, has drawn criticism for being outdated in the face of escalating living costs.
Indian markets are bracing for a pivotal week ahead, with key events like the Union Budget, macroeconomic data, Q3 earnings, and the US Fed policy decision set to influence market sentiment.
Ahead of the Union Budget presentation, Karnataka Minister HK Patil stressed the importance of fairness and justice in the allocation, urging that the federal structure of India should be strengthened through budget decisions.
The common thread among industry leaders is the need for enhanced policy support to reduce India's reliance on imports and bolster domestic manufacturing, innovation, and energy security.
As the Union Budget 2025-26 approaches, several industry leaders have voiced their expectations for continued support, particularly in areas like venture capital funding, MSME growth, and emerging technologies such as AI and robotics.
As the Union Government gears up for Budget 2025, a report by State Bank of India stated that the government should give significant focus to revitalizing the insurance and healthcare sectors in the country.