Quick Summary
Highlighting Indias robust economic growth amid a global slowdown, the Confederation of Indian Industry (CII) has presented a comprehensive set of policy recommendations for the upcoming interim Union Budget. The industry group urges Finance Minister Nirmala Sitharaman to consider measures across various sectors, emphasizing investment, tax rationalization, revenue enhancement, and more. In their suggestions, India Inc advocates for a balanced approach between fiscal consolidation and economi
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FAQ :
The CII proposes a revamped GST structure with three rates: one for essentials, one for standard goods, and one for luxury or demerit goods.
The CII suggests a 20% increase in the budget allocation for capital expenditure, aiming for Rs 12 lakh crore.
The CII advocates for extending the interest subvention scheme for low-cost and affordable housing, covering total housing costs up to Rs 35 lakh.
The CII recommends revising food and fertilizer subsidies based on updated datasets for better targeting.
The CII urges the government to increase the share of R&D in the nation's GDP to 1.25% by 2025 and 2.5% by 2030.
The CII proposes the creation of a separate vertical for micro-enterprises within the MSME Ministry.
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