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Budget announces changes in customs duty for some products

Import of defence equipment, currently not manufactured in India, are being exempted from the basic customs duty, said Finance Minister Nirmala SitharamanRead more

Budget 2019-20 allocates Rs 350 cr under Interest Subvention Scheme for MSMEs

To provide domestic industry a level playing field, basic customs duty has been increased on items such as PVC, metal fitting, auto parts, optical fibre cable, CCTV camera, IP camera, etcRead more

Budget 2019-20 should incentivise biofuel production: Pramod Chaudhari

According to Pramod Chaudhari, Chairman, Praj Industries, the budget should encourage industries to renew their focus on research and innovation to maintain an edge in the market Read more

To become $5 tn economy, India needs to grow at 8%: Economic Survey

The survey, presented a day before Budget 2019-20, recommends creating a virtuous cycle encompassing private investment, jobs, exports Read more

We expect budget 2019-20 to give boost to railways: Suramya Nevatia

In the interim budget, railways got the highest-ever allocation for the year 2019-20, says Suramya Nevatia, CEO, Hind Rectifiers LtdRead more

IEEMA expects measures to boost electrical equipment industry growth in budget

The apex association has recommended favourable tax structure to reduce manufacturing cost, zero basic customs duty on imports of CRGO Steel and amorphous alloy ribbon, etc.Read more

We expect more focus on renewable energy in budget 2019-20: Anil Gupta

Tax rebates, better rate of interests, etc will help India to achieve 175 GW capacity target in renewable energy by 2022, says Anil Gupta, CMD, KEI Industries LtdRead more

Budget 2019-20: Indian machine tools industry seeks incentives to raise competitiveness

The apex machine tool association IMTMA wants policy initiatives and fiscal incentives to improve export share to 20 per cent and domestic market share to 67 per centRead more

AAI recommends increase in import duty on aluminium

Due to lack of policy support, 23 lakh tonnes of aluminium (ie, 58% of India's demand) were imported in India in FY19, resulting in a forex outgo of Rs 38,000 croreRead more

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