The Automotive Tyre Manufacturers’ Association (ATMA) on Tuesday said there is a need to restrict import of waste tyres into India, saying the country is becoming a ‘dumping ground’ for scrap tyres. The import of waste/scrap tyres into India has increased by more than five times since FY20-21, ATMA said in its pre-budget submission to … Read more
Despite growing concerns in the investor community that coalition politics might force Finance Minister Nirmala Sitharaman to relax the fiscal consolidation path and pivot towards welfare spending from capex, global brokerage firm Goldman Sachs is expecting the contrary. “We expect the general government to stick to the announced fiscal deficit target of 5.1% of GDP … Read more
Union Budget 2024 is expected to be presented on July 22, sources told ET. This will mark the first full Budget of the Modi 3.0 administration. The main policy priorities for Prime Minister Modi’s government will focus on addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue … Read more
