With the interim budget just round the corner, Indian automaker Maruti Suzuki hopes government focus will continue on Production Linked Incentives (PLI) and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) schemes. At a virtual interaction with media, Shashank Srivastava, Executive Director (Sales and Marketing), highlighted that even though the interim budget … Read more
Union Budget 2024: India could announce a social security fund for the labourforce in the unorganised sector as well as gig and platform workers in the interim budget to be presented by finance minister Nirmala Sitharaman on February 1. The fund, proposed in the Social Security Code, 2020, would be a step toward universal social … Read more
Stating that the Modi government’s commitment to cut fiscal deficit to 4.5% of GDP by FY26 limits the total expenditure growth to about 8% YoY, global investment banking firm Jefferies on Thursday said a potential slowdown in capex in the interim Budget can disappoint investors. “The central government capex has tripled over the last five … Read more
To incentivise the manufacturing sector and generate employment, the government may extend the scope of PLI scheme to include sectors like garments, jewellery and handicrafts in the forthcoming interim Budget, Deloitte said. Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors. Read our full Budget 2024 coverage here Deloitte India Partner Rajat Wahi said … Read more
New Delhi: The February 1 interim budget is likely to present a status report on the National Pension System (NPS), said people aware of the matter. The group headed by finance secretary TV Somanathan that’s reviewing the scheme is likely to submit its report by the end of this month, they said. The panel has … Read more
Finance Minister Chyrstia Freeland will not present the 2024 budget until early spring but as early as last July the federal government has been actively seeking input from Canadians on that budget’s major themes as early as July. Indeed, internal government polls obtained by Global News, from July through to the beginning of October, found … Read more
New Delhi: The government is likely to stay on the fiscal course-correction glide path in the interim budget for FY25, shunning populist spending or incentives ahead of the summer general election, said people aware of deliberations on the subject. The post-Covid-19 fiscal consolidation roadmap proposed by the government estimates the fiscal deficit at 4.5% of … Read more
