Several sectors of the economy, including individual taxpayers, will keenly watch how the government balances populist measures and fiscal consolidation.
While facilitating grid connectivity is the right step for ease of setting up charging infrastructure, it is important that the government subsidises electrical connections and fixed load charges of EV charging point operators.
While the Economic Survey forecasts a robust GDP growth, experts are more cautious.
Many of the government’s safety net provisions continued during the second wave and have been extended further as appropriate. This was also combined with a rapid ramp-up of the vaccination programme.
There is a threat of imported inflation from the depreciating rupee value against the US dollar and the rising global oil prices that have touched $90 a barrel last week.
The government is unlikely to extend the distribution of free food grains beyond March 2022.
Dr Ashutosh Raghuvanshi, MD and CEO, Fortis Healthcare, spoke to Business Today about a new emerging healthcare ecosystem, Covid-19 pandemic impacting medical tourism, company’s investment plans and the upcoming Budget.
The taxpayer, in hopes of emerging out of the financial struggles, is expecting certain changes in the tax regime, elaborates Archit Gupta, founder and CEO of Clear.
Unlike Budget 2021, this time the government may use the opportunity to outline reforms focussing on the long-term strategy for the automobile sector which surely can lead to a significant increase in the demand for vehicles in all segments.
The expected relief comprises an increase in the basic exemption limit from Rs 2.5 lakh to Rs 3 lakh, while for senior citizens, it is being sought to be increased to Rs 3.5 lakh from the present Rs 3 lakh.
In order to emerge from this crisis, the middle class has a voluminous list of expectations from the upcoming Budget 2022-23, which is scheduled to be tabled by the Finance Minister Nirmala Sitharaman on February 1
The government might continue with its focus on healthcare and infrastructure-related capital expenditure and policies to kick-start the private investment cycle. Overall, the FM is set to walk a tightrope and is unlikely to pull any surprises, this time.
Policy and tax interventions are the need of the hour for encouraging investments and ease of doing business in the sector.
With the government strengthening its commitment towards introducing reforms leading to ease of doing business and making India 'Atmanirbhar' by promoting 'Make in India' initiatives aggressively, Jagdish Mitra, Chief Strategy Officer and Head of Growth, Tech Mahindra believes India will be able to maintain its growth momentum.
The ongoing uncertainty over Covid-19 pandemic has tested the resilience of India’s healthcare system. More needs to be done, a survey conducted by Grant Thornton Bharat showed.
While hoping that the government rationalises GST for air conditioners , the industry expects the government to announce incentives for energy efficient products.
Tourism Ministry has requested Finance Ministry to give infrastructure status to the hospitality sector.
Budget 2022 may be an opportunity to provide clarity on certain provisions and also extend the ambit of the existing provisions to cater to the needs of the current times.
The industry feels that the Union Budget 2022 offers the government a significant opportunity to create a stimulus towards revival.
Amid falling demand and record high inflations across the board, the country’s consumer durable makers are seeking some relief from the Finance Minister in the upcoming Budget on 1 February.
Sectors such as the film industry, art and luxury, is on the cusp of something exciting, where celebrities, artists, content creators will observe a new YouTube-like platform in the NFT space.
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