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File photo: Union finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on February 1, with expectations centred on tax reforms, a revamp of the customs duty structure and measures to support economic growth amid heightened geopolitical uncertainty. The Budget is also expected to outline a clear…
As the Union Budget 2026 approaches, industry bodies have flagged key expectations focused on easing pressure on micro, small and medium enterprises (MSMEs) and strengthening the startup ecosystem amid funding constraints and regulatory challenges. With employment generation and entrepreneurship high on the policy agenda, stakeholders are looking for targeted measures that address cash-flow stress, compliance…
The IT industry body MAIT has urged the government to reduce basic customs duty on key electronic components and enhance tax incentives in the upcoming Union Budget to strengthen domestic manufacturing and improve global competitiveness.In its pre-Budget recommendations submitted to the finance and IT ministries, the Manufacturers’ Association for Information Technology (MAIT) proposed cutting basic…
Lenders have sanctioned Rs 3,361.83 crore to 774 applicants under the Rs 20,000-crore Credit Guarantee Scheme for Exporters (CGSE) within a month of its rollout, as the government steps up support for exporters facing headwinds from steep US tariffs, official data showed as reported PTI.The scheme, approved by the Union Cabinet on November 12 and…
NEW DELHI: The Government of India is seeking suggestions for the upcoming Budget 2026 from the general public to help make new rules and plans for the country. According to a post on X by MyGovIndia, the government encouraged people to participate in this important task. The government stated on X, “Building the Budget with…
NEW DELHI: The high-level committee headed by NITI Aayog member Rajiv Gauba has recommended at least 17 reforms, aimed at easing regulatory and financial pressure on Micro, Small and Medium Enterprises (MSMEs). The key recommendations cover credit access, compliance under the Companies Act, tax procedures, payment dispute resolution and CSR donations. The measures expected to…
