Page 29 - Udget Expectations News Today

 Telecom operators want the government to refund input tax credit of around Rs 35,000 crore, reduce levies and waive GST on licence fees and spectrum usage in the upcoming Budget.

Budget likely to offer added fiscal support to economy amid growing uncertainty: Report - Rising uncertainty from the third wave will force the forthcoming Budget to push the fiscal pedal more to support the fragile recovery

Ficci has recommended that there should be a separate section for home loans repayment with a combined maximum deduction of up to Rs 5 lakh for both principal and interest components. 

Icra said that the upcoming budget is unlikely to make any provision for recapitalisation of state-owned lenders. 

As the Budget day approaches on February 1, 2022, here are some of the pre-Budget expectations from the leading voices of the insurance sector.

The industry has significant aftermarket operations that are plagued by grey operations and counterfeits due to the high 28 per cent GST rate.

The dates of the Budget session are yet to be announced, though it is expected that Finance Minister Nirmala Sitharaman wiill present the Budget 2022-23 on February 1 as has been practised since a couple of years now.

Realty sector has urged the finance minister to reduce the TDS deduction rates on coworking spaces as most of the receivables from the client is towards services.

The dates of the Budget session are yet to be announced, though it is expected that Finance Minister Nirmala Sitharaman wiill present the Budget 2022-23 on February 1 as has been practised since a couple of years now.

In its pre-Budget memorandum, the Hotel Association of India (HAI) said policy interventions are imperative for the sector's survival and its early and quick rebound to normalcy.