New agri cess to be carved out of Centre's money, won't burden consumers: Nirmala Sitharaman to Network18
The Union finance minister said that to compensate for the additional cess, the government has reduced the excise duty component, resulting in no additional cost for the public
Sitharaman announced a hike in customs duty on mobile phone parts and mobile phone charger components to 2.5 percent from nil while customs duty on gold and silver has been reduced to 7.5 percent from 12.5 percent
The Budget is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer, and easing rules to attract foreign investments
Clean and safe heritage and leisure destinations are need of the hour
The economy has lately shown some green shoots and several high-frequency indicators are reaching the pre-COVID level of production, bolstered by a combination of festive/pent-up demand.
Lowering the GST tax slabs for eco-friendly and energy-efficient products like 4 star, 5 star, and inverter air conditioners and refrigerators will drive demand
Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process
All eyes are now on how Budget 2021 will address the expectations and challenges faced by the Indian retail sector.
The policy will help in creating a strong ecosystem for the industry in the country and also attract startups