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Expectations

Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf suggested these steps during a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman

Exporters' body suggests double tax deduction scheme, export development fund to FM Sitharaman

Dec 19, 2020

Other recommendations include extending tax deduction on product development, providing deemed export status to Indian industry under the global bidding of procurement, ECGC coverage to the banks for export finance, and higher budget allocation to the Department of Commerce

Finance Minister Nirmala Sitharaman

CII suggests graded road map towards competitive import tariffs

Dec 27, 2020

CII says it has proposed road map to encourage domestic manufacturing in alignment with global trade trends that would boost India''s export competitiveness as per shifting global value chains in the next three to five years

Budget 2021: Aluminium industry seeks raise in basic custom duty

Jan 20, 2021

The industry has also sought reduction in basic custom duty and correction of inverted duty structure on critical raw materials for aluminium industry value chain like aluminium fluoride and coal tar pitch

Cyril Amarchand Mangaldas partner L Viswanathan said in the recent years, NBFCs that are important intermediaries of credit have faced concerns of liquidity, governance and solvency and it is hoped that the Budget will ease some of the pressures

NBFCs expect continued liquidity stimulus in Budget 2021

Jan 21, 2021

To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS)

Pwc India senior tax partner Rahul Garg said such a measure would be "reasonably equitable" because if businesses were to incur that expense, that would have been a deductible expenditure in their books

Budget 2021: Govt can provide tax deduction for employees working from home, says PwC

Jan 22, 2021

Following the outbreak of Covid pandemic early last year, many companies adopted a work from home policy for their employees

In India, the toys industry is largely in the unorganised sector and comprises about 4,000 small and medium enterprises

Budget 2021: Govt likely to formulate dedicated policies for toys sector

Jan 24, 2021

Union Budget 2021 expectations: India reportedly has a very low share in the global toys market and accounts for less than 0.5 per cent of international demand at $100 million

Budget 2021: Developers urge Centre to hold back basic customs duty on solar equipment

Jan 24, 2021

Solar power developers fear that this could derail the government's ambitious target of having 175GW renewables by 2022, requiring an investment flow of Rs 1.75 lakh crore

Fortis Healthcare MD and CEO Ashutosh Raghuvanshi said the COVID pandemic has underlined the importance of higher budget allocation for healthcare

Budget 2021: COVID-19 crisis emphasises need for higher allocation for healthcare sector

Jan 24, 2021

The pandemic has completely changed the dynamics of the Indian healthcare ecosystem, NATHEALTH President and Apollo Hospitals Executive Vice-Chairperson Preetha Reddy said

On the aspect of housing demand, Section 80 C tax deduction on home loan principal repayment does not provide for a focused benefit on housing

Budget 2021: Real estate sector expects sops to bolster housing demand

Jan 24, 2021

Global real estate consultant Knight Frank India chairman and managing director Shishir Baijal in a pre-budget wish demanded A separate annual deduction of Rs 150,000 that will provide the much-needed fillip to opt for house purchase

The real estate sector contributes nearly 8 per cent to the economy

Tax rationalisation, liquidity enhancement top real estate sector's Budget wishlist

Jan 25, 2021

While measures announced by the government in 2020 to kickstart the economy have been in right direction, the real estate sector is hoping for upcoming Budget to give a shot on the arm for the beleaguering sector

Budget 2021: Expect 'wild card entry' on NRI residential status

Jan 25, 2021

In case of no relaxation in residential status, NRIs would have to pay advance tax to avoid penal interest