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Finance Minister Nirmala Sitharaman began the presentation of Union budget 2023 in the Lok Sabha by informing that Indian economy is expected to grow at 7% this fiscal.
Budget News: The telecom industry hails the Budget 2024 and calls the announcements 'helpful'. The Cellular Operators Association of India (COAI) expresses its satisfaction with the government's commitment to economic growth. The budget includes extensions for customs duty exemptions and a corpus for tech-savvy growth. The COAI hopes for further considerations in the post-election budget.
COAI welcomes the announcement of Rs 1 lakh crore corpus for research and innovation in the technology sector in the interim Budget. The body hopes that the industry's wishlist, including lower levies, will be considered in the full budget post-elections. The interim Budget reemphasises the government's economic policies and commitment to sustained growth, productivity, and opportunities.
As this was only an interim budget, with the general elections slated for later this year, industry leaders expressed optimism for bigger policy changes once a new government is elected to power, , Indian telecom industry, Cellular Operators Association of India (COAI), Interim Budget 2024-25
Get latest articles and stories on Latest News at LatestLY. The gems and jewellery industry has urged withdrawal of hike in Basic Customs Duty (BCD) on import of gold in the coming interim Budget and asked the government to introduce a rationalised tax structure. Latest News | Gems, Jewellery Industry Urges Govt for Duty Reduction, Increase PAN Card Transaction Limit.