Page 30 - Udget Expectations News Today

The EC would not like to interfere in the presentation of the Union Budget, Chief Election Commissioner (CEC) Sushil Chandra said on Saturday.

Finance Minister Nirmala Sitharaman is all set to present her fourth budget on February 1.

Finance Minister Nirmala Sitharaman is scheduled to present the Budget 2022-23 next month.

The halwa ceremony marks the last leg of the budget process. 

In its pre-Budget memorandum, the ICICI has made various suggestions under section 80C –one of which pertains to Public Provident Fund.

In its pre-Budget memorandum PHDCCI has suggested to reduce the basic custom duty on the following critical raw materials.

CII President T V Narendran pointed out that focus on investment and infrastructure must continue with Budget 2022.

The real estate sector is also looking forward to the upcoming Union Budget and expecting few key relaxation in taxes to boost the sector and make it more affordable.

It will be important to keep an eye on sops for the micro, small & medium enterprises (MSME) sector, tax rebates for MSMEs/small business, and housing segments, Muthoot Finance MD said.

Challa added that government needs to give more subsidy and sop to the genetic field.