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Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms

Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms

Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms
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Summary

Union Budget 2022 Highlights: The budget is two days away and industry experts from across the spectrum share with CNBC-TV18 what they expect, need and hope from the Union Budget for the 2022-23 financial year. As February 1, 2022, draws closer, all attention on Finance Minister Nirmala Sitharaman.

Live Updates

Budget 2022 LIVE updates: Session to start with President Kovind's address today; Economic Survey to be released around 3 pm
Budget 2022 news LIVE updates: The Union Budget session of Parliament will kickstart on Monday with President Ram Nath Kovind's address to a joint sitting of both houses in the Central Hall. Finance…
Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms
Jan 31, 2022 9:23 AM

Thank you for joining our coverage of Union Budget 2022. We will now wrap the blog. Good night, folks!

Jan 30, 2022 8:13 PM

Thank you for joining our coverage of Union Budget 2022. We will now wrap the blog. Good night, folks!

Jan 30, 2022 8:13 PM
View: Can Budget 2022 make MSMEs more atmanirbhar
Budget 2022-23 comes at a challenging time yet again, as a fresh wave of Covid-19 threatens to stall a nascent recovery, especially among the critical micro, small, and medium enterprises (MSME).
Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms
Jan 30, 2022 8:12 PM
Budget 2022 | ‘Reduced customs duty to affordable insurance premiums’: Key indirect tax amendments that industry wants
Budget 2022: The government saw a good response to the “Vivaad Se Vishwas” scheme to reduce litigation in direct taxes. A similar scheme for customs would help reduce long standing litigations.
Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms
Jan 30, 2022 7:19 PM
Budget 2022: Travel and tourism industry seeks tax breaks, financial relief for revival
The two sectors need policies centred around employment, income tax benefits, incentives and investments that can ensure that systemic changes are made to aid and boost tourism in India.
Union Budget 2022 Highlights: Healthcare industry wants priority status; ICAI seeks tax, accounting reforms
Jan 30, 2022 7:00 PM

Budget should focus on ESG issues, say experts

With the government committing to become carbon neutral by 2070, it is imperative that the forthcoming Budget should focus on Environmental, Social and Governance (ESG) issues by providing tax and nontax incentives needed to promote green economy, say experts. Indian businesses are undergoing significant changes amidst externalities such as climate change, finite resource availability, technology disruptions, emerging linked ecosystems and evolving stakeholder expectations. According to PwC India, the budget should incorporate ESG parameters when structuring incentives, allocating resources and in the procurement processes, across sectors and institutions. It is also imperative to stimulate a more enabling ecosystem for ESG adoption, by promoting research and innovation.

Jan 30, 2022 5:02 PM

Eyes on GDP forecast by Economic Survey despite recent misses

Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President's Address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2022, on Tuesday.

Jan 30, 2022 4:49 PM

Challenges govt needs to address this year

It’s not enough to just revive the economy with the FY23 Budget, but put it on a sustainable, high-growth path for several years. Read here

Jan 30, 2022 4:39 PM

Budget should bring more PLI rates to boost job creation in mfg: CII

 Ahead of the Union Budget 2022-23, industry body CII on Sunday pitched for additional incentive rates to be included in the Production Linked Incentive Schemes based on the number of jobs created. The Confederation of Indian Industry (CII) has suggested that employment-intensive sectors such as leather and food processing could be provided an incentive scheme to attract investments and create employment. "With the imperative to support jobs and create new employment as the country recovers from the pandemic, CII suggests that the Budget add a job-creation component to the incentive.

Jan 30, 2022 3:50 PM

Expectations for Fintech

"The government needs to play a fine balancing act between spurring economic growth while consolidating its finances. We expect Credit Fair’s focus sectors of Healthcare, Housing and Education to get policy support from the government as they’re key to improve our social infrastructure as well as for job creation. The LIC IPO and other measures to raise revenues will be crucial for the government. We hope it’s a fiscally responsible budget since inflation has been rising and that could lead to higher interest rates which would be a headwind for fintechs.  Subdued interest rates especially in Government bonds and Fixed deposits will be needed to spur capex, SMEs and fintech lending. As a creator of Alternative Assets we hope the Budget will nudge individuals to diversify their portfolio and enable pension funds to invest in a wider range of fixed income or equity assets that have been created by fintechs." - Aditya Damani, Founder, Credit Fair

Jan 30, 2022 2:52 PM

 Healthcare industry seeks priority status

The government should look at according priority status to the healthcare segment while increasing the public expenditure on the sector to at least 3 per cent of the GDP in the upcoming Union Budget. As per the leading healthcare providers in the country in the private sector, the government should also consider continuation of tax incentives, upgradation of medical facilities in smaller towns and skilling of workforce in the Budget.

Jan 30, 2022 2:26 PM

Opposition to raise farmers' issues, Pegasus matter in Budget Session of Parliament

The stage is set for a stormy Budget Session of Parliament that begins on Monday with the opposition set to target the Modi government on issues such as the Pegasus snooping row, farm distress and Chinese "incursions" in eastern Ladakh. The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation

Jan 30, 2022 1:28 PM

Incentives for green hydrogen likely in Union Budget

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country.

Jan 30, 2022 12:05 PM

What’s in store for Budget 2022: Short-term relief, medium-term growth

Budget 2022 will seek to balance short-term fiscal needs with structural reforms to support medium-term growth. Read more

Jan 30, 2022 11:09 AM

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