The upcoming Budget 2024 is expected to introduce Production-Linked Incentive (PLI) schemes for additional categories like toys, footwear, textiles, and millet-based foods. Industry demands for tax deductions, investment in R&D, and customs duty tweaks are being considered by Finance Minister Nirmala Sitharaman.
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Ahead of the Union #Budget 2024-25, the trade and industry bodies urge FM Nirmala Sitharaman to provide #tax deductions and investment to boost R&D, simplify the transfer pricing regime, and tweak customs duty on certain products. @shreyanandi15 reports https://t.co/aH1VkkLE7B
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The upcoming #Budget 💼 is likely to introduce #PLIschemes for additional categories such as toys, footwear, textiles, and millet-based foods, in response to demands from the industry and several govt depts. Read today's #BudgetWatch for details @shreyanandi15… https://t.co/vDgO1CrqjK