Union Budget 2024: Finance Minister Nirmala Sithraman will be presenting the full Budget 2024 next month. Experts and industry bodies have suggested that the government should consider reducing income tax rates for specific groups of individuals. Industry body PHDCCI in its interaction with FM Sitharaman on Thursday suggested the Centre to bolster manufacturing sector, support … Read more
Full Budget 2024: The full Budget 2024 will be tabled next month. On Wednesday, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chaired the first Pre-Budget consultation meeting with leading economists. The meeting was attended by MoS for Finance Pankaj Chaudhary, the Finance Secretary, and the Secretaries of the Departments of Economic Affairs, Revenue, … Read more
Robust capital expenditure by the government and improvement in business confidence will push the country’s economic growth in 2024-25, an official said on Tuesday. Chief Economic Adviser in the Ministry of Rural Development Kuntal Sensarma said that the focus areas in 2024-25 should be infrastructure growth, inclusive development and harnessing demographic dividend, among others. “The … Read more
Industry body PHDCCI on Thursday said the health budget should be increased by 30-40 per cent as there is a growing need for health facilities and infrastructure across the country. Making the suggestion for the forthcoming Union Budget, Saket Dalmia, President of PHDCCI, said the budget for health has seen a rise of about 16 … Read more
The government is looking at notifying the production-linked incentive (PLI) scheme, that was announced to boost domestic manufacturing, for sectors like auto components, steel, and textiles. Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the government introduced the PLI scheme to encourage an incentive-led model for … Read more
NEW DELHI: Expectations that the country’s GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said on Saturday. It said out of the 10 indicators of QET (Quick Economic Trends) of economic and business … Read more
The wearable medical device market is expected to reach more than $27 million by 2023, a spectacular jump from almost $8 million in 2017 expressed, Pradeep Multani, Sr. Vice President, PHDCCI, while speaking at the webinar on Digital Health: The Future, Series III on Mobile Digital Health Devices: The Covid-19 Pandemic Impact and Mobile Digital … Read more