A head of the Budget 2024-25, trade and industry bodies on Tuesday urged Finance Minister Nirmala Sitharaman to provide tax deduction and investment to boost research and development (R&D), simplify transfer pricing regime and tweak Customs duty on certain products.
During the pre-Budget meeting with the finance minister as well as top officials from the finance ministry, exporters called for continuation of the export boosting scheme interest equalisation, higher budgetary allocation for Market Access Initiative scheme, and steps to boost export of gems and jewellery that has been declining over the last one year.
The meeting with the finance minister comes at a time when the Indian IT Industry is witnessing a continued slowdown because of the global macroeconomic uncertainty. Merchandise exports are also on the slow lane due to geopolitical tensions.
Denne historien er fra June 26, 2024-utgaven av Business Standard.
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Denne historien er fra June 26, 2024-utgaven av Business Standard.
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