Consumer 2016

Budget 2016: Exporters body asks govt to address inverted duty structure in Budget

Exporters body FIEO has asked the government to address the inverted duty structure in certain sectors like electronics, in the upcoming Budget, to boost exports.

Budget 2016: Realtors seek loan restructuring; tax sops in upcoming Budget

Faced with acute slowdown in demand and delay in delivery of projects, realtors' apex body Naredco today demanded tax sops for affordable homes and restructuring of bank loans.

Budget 2016: Legup for 'startup revolution' and a few other ideas to boost economy

Budget 2016: Govt may further hike excise on petrol, diesel before 29 February

The ministry is also insisting on higher dividends from the PSUs in a bid to garner more non-tax revenue.

Budget 2016: Provide incentives to home-buyers to boost real estate

The realty sector is just emerging from a prolonged and painful slowdown, and is looking for all and any signs of light at the end of the tunnel. This fact makes Union Budget 2016 all the more critical, and the real estate industry has many expectations from it.

Budget 2016: Excise duty hiked on petrol by Re 1/litre, on diesel by Rs 1.5

If the government would not have raised these duties, consumer price of petrol and diesel should have been lower by 11.77 a litre and Rs 13.30 per litre, respectively.

Budget 2016: In Make in India push, govt plans tax sops for leather, gems and jewellery

Budget 2016: Raise I-T exemption limit to Rs 5 lakh, says unions

Trade unions today asked government to increase tax exemption limit to Rs 5 lakh, raise minimum pension to Rs 3,000 and a minimum wage of Rs 18,000, as Finance Minister Arun Jaitley underlined the need for providing social security to unorganised sector workers.

Budget 2016: Mobile makers seek extension of differential pricing rules

Mobile and IT equipment makers have sought extension of differential pricing rules imposed on mobile phones to other categories of electronic products, a move that will boost domestic manufacturing.

Budget 2016: Jewellers seek hike in PAN quote limit to Rs 5 lakh

Gems and jewellery industry today sought special turnover tax regime for diamond industry, interest subvention to boost exports and PAN card requirement for transactions of above Rs 5 lakh instead of currently Rs 2 lakh in its wishlist submitted to the Finance Ministry.