Inviting Ideas and Suggestions for Union Budget 2025-2026

आरंभ करने की तिथि :
Jan 08, 2025
अंतिम तिथि :
Jan 16, 2025
00:00 AM IST (GMT +5.30 Hrs)
The Ministry of Finance seeks your thoughtful ideas for the Union Budget 2025-26 which aims to reflect the aspirations and needs of the people, fostering inclusive growth and ...
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SANJAY SARKAR
1 year 5 महीने पहले
An enhanced focus on infrastructure would strengthen India’s economic resilience and fuel growth for years to come. Infrastructure development drives job creation and boosts productivity. Allocating substantial funds toward roadways, railways, and urban infrastructure can attract foreign direct investment (FDI) and enhance domestic connectivity.
Skill Development Initiatives
As automation and artificial intelligence reshape industries, reskilling India’s workforce becomes a critical task. Budget 2025 offers an opportunity to focus on vocational training and upskilling, particularly in emerging fields like data science, renewable energy, and AI. Investment in skill development will be crucial for sustaining growth,"
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SANJAY SARKAR
1 year 5 महीने पहले
The infrastructure push is essential not just for improving domestic mobility but for positioning India as a global investment hub
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SANJAY SARKAR
1 year 5 महीने पहले
Amnesty Scheme: Offering businesses a 75% waiver on penalties for voluntarily settling disputes could clear the logjam.
Tech-Driven Solutions: Using AI to resolve cases faster could cut processing times by half.
Clear Guidelines: Simplified and transparent rules could make compliance easier for businesses of all sizes.
Suggestion: Launch a six-month amnesty scheme aimed at resolving 80% of disputes by the end of 2025.
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SANJAY SARKAR
1 year 5 महीने पहले
Suggestion: Lay out a phased roadmap for GST reform, starting with sectors like FMCG and textiles.
Customs Reforms: Time to Resolve Legacy Issues
India has customs disputes worth over ₹1 lakh crore, which is a drag on business operations. Clearing this backlog should be a priority.
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SANJAY SARKAR
1 year 5 महीने पहले
Including Petroleum: Right now, petroleum is outside the GST ambit. Bringing it in could save industries ₹50,000 crore annually by cutting down cascading taxes.
Upgrading Technology: Enhancing the GST Network (GSTN) portal could eliminate technical hiccups and handle the rising number of taxpayers more efficiently.
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SANJAY SARKAR
1 year 5 महीने पहले
GST in Budget: From Complexity to Simplicity
Simpler Rates: Merging the 12% and 18% slabs into one would make life easier for businesses. These two slabs cover 70% of all taxable goods and services.
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SANJAY SARKAR
1 year 5 महीने पहले
Small and medium enterprises (SMEs) make up 30% of India’s GDP. By simplifying compliance processes, they can also be part of the PLI revolution.
Suggestion: Introduce a ₹10,000 crore innovation fund to boost R&D in EV batteries, artificial intelligence, and renewable energy.
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SANJAY SARKAR
1 year 5 महीने पहले
The world's most advanced economies spend around 4% of their GDP on research and development. India spends just 0.7%. Allocating a portion of PLI incentives to R&D could help Indian firms become global leaders.
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SANJAY SARKAR
1 year 5 महीने पहले
By expanding the Production Linked Incentive (PLI) scheme, rationalizing GST rates, and introducing tech-driven measures like faceless assessments, India can leap ahead. But the big question is: Will the government seize this chance to bring the reforms India needs to stay globally competitive
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mtaf
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