Category: budget

Along with the new draft rules and forms, two navigators – one providing the mapping of the old rules and the new draft rules and the second providing the mapping of the old forms and the new draft forms is also provided for the guidance of stakeholders and the public

The Finance Minister added that the Centre has already started using cess proceeds, usually its domain exclusively, in matters that are in the States’ list of responsibilities

The finance minister proposed five-year exemption for toll manufacturing of electronic goods in India alongside rationalisation of the MAT regime

Union Finance Minister also said the volatility in gold prices is due to global uncertainty, and many central banks are investing in gold.

The government, he said, has been “very conscious” of the importance of the MSMEs

The Economic Survey argued that, while the Centre has managed to substantially improve its fiscal deficit ratios since the COVID-19 pandemic, the States have seen their finances worsen over this period due to falling revenue and higher spending on unconditional cash transfers

The CEA observed that as demand for such minerals spur, advanced economies promoting “standards-based critical markets” could carve challenges relating to affordability and entrapment in lower-value segments of the supply chain, among other things

Average annual growth rate over last five years was 4.4% but the second quarter of current financial year saw 3.5% growth, which is less than the average

The Survey noted that aggregate spending on UCT programmes, particularly for women, is estimated at about ₹1.7 lakh crore for the current financial year 2025-26

Industry executives noted that it the domestic wind power industry is dependent on imports for high-value components as gearboxes, special bearing, controllers and yaw machines.