Budget 2023-24

Market wants budget to spend more, leave capital gains tax alone

Markets want the government to spend more on targeted high-multiplier sectors, boost rural demand and consumption but also keep fiscal deficit at a manageable level and avoid tinkering with taxes.

What is in store for banking sector? Will govt bite the bullet on crypto regulations?

The government should act urgently on crypto regulations and give clarity on the bank privatisation plan. 

Energy industry asks for GST on petrol, tax exemptions in renewables from Budget 2023 

The top ask for the energy sector from the budget is for the Goods and Services Tax (GST) on petroleum products. 

Govt can allocate more to infra as it scales back COVID-19 subsidies: Raamdeo Agrawal

The Budget 2023 should only fine-tune long-term capital gains tax and not anything extensive. Also, the Budget could give some relief on the cheaper or mass consumption items. That could do some magic, says Agrawal

Auto industry seeks thrust on govt capex, sops for EVs and rationalisation of duty structure

Automakers are not expecting any relief for ICE vehicles but want the government to spur demand while EV makers are seeking standardization of battery voltages, an extension of Fame II and correction of inverted duty structure

Recovering from COVID impact, hospitality industry seeks reduced GST, tax holidays

Though the sector has recovered from the impact of COVID-19, the high goods and services tax (GST) rates on hotel rooms and limited support from the government in the last Budget are major concerns.

Budget 2023 must focus on affordable and rental housing: Experts 

Homebuyers want the government to introduce a provision that will allow them to get full deduction of the interest component of their home loans. 

What food and agri businesses need

Ease of doing business, supply chain infrastructure, market linkages and support for technology development are the key asks for the sector.