Quick Summary
In a pre-Budget meeting with Revenue Secretary Sanjay Malhotra, the Confederation of Indian Industry (CII) urged the government to continue tax reforms and boost capital expenditure in the Union Budget for 2025-26. The industry chamber recommended increasing capital investment by 25% over the 2024-25 Budget Estimates (BE), with a strong emphasis on developing infrastructure in rural areas, agriculture, and the social sector. Driving Tax Reforms for Simplification CII highlighted the need for
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FAQ :
CII is urging the government to continue tax reforms and increase capital investment in the Union Budget 2025-26.
CII recommends increasing capital investment by 25% over the 2024-25 Budget Estimates.
CII emphasises developing infrastructure in rural areas, agriculture, and the social sector.
Tax reforms should aim for simplification, ease of compliance, transparency, predictability, and fostering a competitive business environment.
The Union Budget for 2025-26 is expected on February 1, 2025.
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