Union Budget 2023-24: Gems and jewellery industry unhappy over 10 pc import duty on gold
New Delhi/IBNS: The gems and jewellery industry expressed disappointment over the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on Wednesday (Feb 1), saying that it failed to address the industry’s core concerns.
Private investments in tier 2+ towns must be given tax incentives to boost digital healthcare access
New Delhi/IBNS: India has a unique opportunity to lead the world with new models of digital access to healthcare, which can serve not only emerging markets but also developed markets given that countries across the globe face significant inadequacies around healthcare access and affordability, said Prashant Tandon, HealthTech Committee Chair & CEO & Co-Founder of TATA 1MG.
Lower GST on input services like logistics to bolster working capital for e-commerce suppliers: Vidit Aatrey, Meesho Founder & CEO
Bengaluru/IBNS: The government can bolster working capital for e-commerce suppliers by lowering GST on input services like logistics and facilitating refunds of accumulated input tax credit in the upcoming Budget, according to Vidit Aatrey, Founder & CEO – Meesho.
Lower GST on appliances, stimulus to middle-class will address low penetration: Kamal Nandi, Business Head Godrej Appliances
MumbaiIBNS: A lower GST on appliances will help improve the penetration levels in India which remains low despite the positive impact on the quality of life and productivity, according to Kamal Nandi, Business Head and Executive Vice President of Godrej Appliances.
Large budget deficit acceptable if it stimulates higher GDP: Nadir Godrej
Mumbai/IBNS: Speaking on the upcoming Union Budget, Godrej Industries Ltd.'s Chairman and MD - Nadir Godrej said global inflation, China's economic slowdown, the pandemic's aftereffects, and the conflict between Ukraine and Russia pose a great challenge for the Indian economy.
Budget will boost manufacturing, infra & renewable energy sectors: Mitsubishi Electric India CSO Rajeev Sharma
Kolkata/IBNS: The Union Budget should continue and provide the right policy and budgetary framework to ensure the economic growth of the country and a budget design that can stand as per the GDP growth rate expectations, according to Rajeev Sharma, Chief Strategy Officer, Mitsubishi Electric India Pvt. Ltd.
Budget must allocate funds for multimodal logistics parks to maintain rapid growth of logistics sector: Expert
New Delhi/IBNS: The logistics sector expects Union Budget to prioritize the strengthening of logistics and related infrastructure that would lead to economic growth for the country as a whole, according to Nikhil Agarwal, President-CJ Darcl Logistics.
Union Budget 22 Expectations: Big push for e-bicycle industry needed for faster adoption of EVs
Kolkata: India’s Electric Vehicle (EV) industry has expanded fast over the last year as the government pushed for electric mobility with the help of FAME II subsidies. The Union Budget 2022-23 is expected to propose several schemes and policies for the growth of the emerging EV industry.