CII seeks consumption boost in FY26 Budget
Financial Express Bengaluru|December 30, 2024
THE CONFEDERATION OF Indian Industry (CII) has urged the government to announce some specific policies in the upcoming Union Budget, which are aimed at boosting consumption in the economy.
FE BUREAU

CII director general Chandrajit Banerjee stated that the government should reduce excise duty on fuel products, cut personal income tax rates for individuals earning up to ₹20 lakh per annum, and increase daily wages under Mahatma Gandhi National Rural Employment Scheme (MGNREGS), to augment consumption.

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