Pandemic-hit tourism & hospitality sector looks forward for fair deal in Budget
The federation has also asked for industry status for the tourism industry across the country, by putting it in the concurrent list, it added. To ensure that there is a shared tourism vision across the Centre and states, industry has also proposed creation of a National Tourism Council of Chief Ministers headed by the Prime Minister along with the tourism minister, Federation of Associations in Indian Tourism and Hospitality (FAITH) said in a statement.
Jan 15, 2021, 17:47 PM IST
Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget
The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium enterprises," he said. Finance Minister Nirmala Sitharaman will on February 1 present the budget for the 2021-22 fiscal year that is expected to set course for economic pick-up after the COVID-19 carnage. Rajan said the resources needed for boosting spending can be found from selling public sector units (PSUs).
Jan 15, 2021, 17:43 PM IST
Naredco seeks hike in deduction on home loan interest to Rs 5 lakh in upcoming Budget
The association also sought incentives for rental housing and more stress funds to help complete distressed and stalled projects. "Last three years have been extremely difficult for the real estate industry. The reforms like demonetisation and realty law RERA as well as the liquidity challenges in the NBFCs post-IL&FS crisis hit demand. The industry went through tough times," Naredco National President Niranjan Hiranandani told reporters through a video conference.
Jan 15, 2021, 17:40 PM IST
MFIs pitch for issuance of tax free social bonds by NABARD, SIDBI
In a pre-Budget memorandum to the Finance Ministry, Sa-Dhan, the association of microfinance sector, also made a case for introduction of credit guarantee scheme and refinance facility for MFIs.
Jan 08, 2021, 13:26 PM IST
Lower tax burden on partnership firms, impose special duty on etailers: Traders' body urges govt
The traders' body also claimed that the online retailers have experienced a surge in their revenue and reported sales of USD 4.1 billion in a week of October 2020 during the festive season.
Jan 08, 2021, 13:26 PM IST
Budget: Steel sector seeks relief in customs duty on key raw materials
The non-availability of these items in good quality and quantity hinders the growth of the steel industry, industry body Confederation of Indian Industry (CII) said in its Budget recommendations for the sector. The basic customs import duty on anthracite coal is 2.5 per cent. The availability of the said item in "good quality" is declining in the country and the steel industry may have to become totally dependent on import of these on a regular basis, the body said while suggesting a reduction in import duty to nil.
Jan 08, 2021, 13:26 PM IST
