Photo used for representation purpose only. | Photo Credit: The Hindu Lack of localisation and complexity of the Indian textile value chain result in higher costs for Indian exporters in the textile sector, relative to global competitors. Indiaâs textile production occurs across multiple independent and clustered Small and Medium Enterprises (SMEs) spread across the country….
Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-26 on Saturday, February 1, 2025. The first part of the Budget session will begin on January 31 and conclude on February 13, 2025. The second part will begin on March 10 and end on April 4, 2025. Finance Minister Nirmala Sitharaman will present her…
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60%. Finance Minister Nirmala Sitharaman in her July Budget had announced a comprehensive review of the six-decade old…
The Centre is confident of delivering on its Budget promise to arrange external financing for infrastructure development projects in Andhra Pradesh and Bihar, Finance Secretary T.V. Somanathan said in an interview with The Hindu. He also elaborated on measures to rein in food inflation and spur consumption. Edited excerpts: The Budgetâs push for job creation…
From left and clockwise: Nirmal Jain, Founder, IIFL Group; Kumar Mangalam Birla, Chairman, Aditya Birla Group; Jairam Varadaraj, Managing Director of Elgi Equipments; R. Dinesh, Chairman, TVS Supply Chain Solutions Limited; P. B. Balaji, Group CFO at Tata Motors Ltd.; Lakshminarayanan Duraiswamy, MD, Sundaram Home Finance; R. Nandini, Managing Director of Chandra Group, and Chairperson…
The Union Budget for 2024-25, in my view, has certainly drawn up a detailed roadmap and laid foundations for âAmrit Kaalâ to pursue the goal of a âViksit Bharatâ. The government has articulated well its planning to foster long-term growth drivers for sustainable development, improvement in productivity, and creating opportunities for all. The Budget envisages sustained…
R. Dinesh | Photo Credit: AFP I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. While each of the nine tracks highlighted in the budget have many areas to appreciate, the focus on employment generation will be a…
The 2024 Budget signals policy continuity. The economy and the fiscal situation are in fine fettle. We are targeting real growth rates of 7%+ whilst keeping fiscal deficit at 4.9% for the year gone by (versus the 5.1% indicated earlier) and reducing it further to 4.5% in the coming year. Reassuringly, we are continuing to…
Lakshminarayanan Duraiswamy. The Indian real estate sector has been experiencing a significant boom in recent quarters, driven by factors such as rapid urbanisation, policy reforms, increase in disposable income and a continuous growth in consumer sentiments. Last year, the sector registered remarkable progress, consolidating its position among various other sectors. And indeed, the Finance Minister…
Watch: Budget 2024: Whatâs in it for the insurance sector? Two key measures were announced for the insurance sector in the budget. One was reducing the TDS or tax deducted at source on payouts (payments by the life insurer concerned) in respect of life insurance policies from 5% to 2%. This amendment will come into…
