Union Budget 2021: Odisha govt demands adequate fund allocation for state Post News Network
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Odisha Finance Minister Niranjan Pujari has of late participated in the pre-budget consultation meeting with Union Finance Minister Nirmala Sitharaman. Pujari has demanded that adequate budgetary provisions should be made for upgradation of railway stations, establishment of rail-based industries and multi-modal logistics & parks in the state.
The State government demanded Rs 72,000 crore for the development of railway infrastructures in Odisha and sanctioning of new railway lines here.
The government also demanded Rs 5,600 crore to strengthen the telecom sector. Branches of different banks should be opened in panchayat level to enhance the financial inclusion of rural people.
Union Budget 2021: Auto dealers body demands depreciation benefits for individual taxpayers In its Budget recommendations, the Federation of Automobile Dealers Associations also said auto dealers should be kept out of annual tax collected at source of 0.1% Representational image. Reuters.
New Delhi: Ahead of the upcoming Union Budget, the Federation of Automobile Dealers Associations (FADA) on Wednesday urged Finance Minister Nirmala Sitharaman to introduce benefits of claiming depreciation on vehicles for income tax-paying individuals and extend the depreciation period for corporates.
In its Budget recommendations, FADA also said auto dealers should be kept out of annual tax collected at source (TCS) of 0.1 percent saying it is a huge financial burden on the automobile retail industry.