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Delhi gears up for the Budget session from Feb 15-20, with Finance Minister Atishi presenting the 2024-25 budget on Feb 16. Seeking Lt Governor's approval, the session prioritizes health and education. Plans include expanding healthcare infrastructure, reducing neonatal mortality rates, and boosting institutional deliveries. With a focus on completing existing projects, the budget underscores the government's commitment to enhancing public well-being and ensuring a robust healthcare system ..read more

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The government plans to address the inverted duty structure in the upcoming Budget to bolster local manufacturing. This structure, where input taxes exceed those on finished goods, creates cost discrepancies. The Commerce Ministry shared a list of 13-14 affected products with the Finance Ministry, emphasizing the need for reform. This issue burdens manufacturers with higher input costs, hindering competitiveness. Finance Minister Nirmala Sitharaman is set to unveil the Union Budget on February 1, 2024 ..read more

Volvo Cars is making strides towards sustainability by aiming to make 50% of its sales from electric models by 2025 and becoming a fully electric car company by 2030. The company is also working towards reducing emissions in its supply chain and operations. As an interim step, Volvo Cars aims to reduce the carbon footprint per vehicle by 40% between 2018 and 2025. Additionally, Volvo Car India has launched the #PoweringLife initiative, donating solar panels to hospitals and biodiversity parks in Delhi-NCR to reduce their carbon footprint and improve healthcare infrastructure ..read more

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The Goods and Services Tax (GST) Council is set to meet virtually on August 2 to discuss legal amendments needed for the 28% levy on online gaming, casinos and horse racing after the decision to impose the maximum 28% slab on the full face value was taken on July 11. Officials denied any rethink from the previously made decision and said the meeting had been called to firm up technical details and legal changes ..read more

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Delivering the M V Kamath Centenary Memorial Lecture, Sitharaman said the PLI Scheme's very nature benefits those with scale and helps both domestic market and shipping the surplus to global market, boosting both manufacturing and exports. Observing that the approach to the economy is based on a consistent, both short term and medium term policy, which is set for a long term, she said that is why the Budget, which was presented on February 1, 2021, clearly showed the path that the government wants to take for the next 20-25 years ..read more

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