Union Budget 2016-17, Finance minister, Arun Jaitley
Business Today
Gold discounts hit record highs as demand falters, consumers wait for Budget 2016 for duty cut

The bullion industry expects the government to cut the record 10 per cent import duty on gold in the annual budget for 2016/17 that will be presented on February 29.

 
 
One has to wait for the Budget announcement to see how many among the dozens of suggestions made by the groups will be considered by the government.
Industry bodies CII and FICCI have asked the government to either withdraw or reduce the Minimum Alternate Tax, as it plans to withdraw exemptions on corporate taxes.
 
 
On January 28, a five-member team of the Swadeshi Jagran Manch, the economic wing of the RSS, met Minister of State of Finance, Jayant Sinha.
The industry body has sought more tax incentives on ELSS, pension products and infrastructure debt mutual funds.
The suggestion is part of Nasscom's pre-Budget recommendations for startup and e-commerce ecosystem to the Finance Ministry.
Advertisement