Budget 2026: COAI seeks cut in telecom licence fee; flags GST burden and ITC pile-up

File photo (Picture credit: ANI) India’s telecom industry body COAI has asked the government to reduce regulatory levies and ease Goods and Services Tax (GST) norms in the upcoming Union Budget, arguing that high statutory payments continue to strain the sector’s finances.The Cellular Operators Association of India (COAI), whose members include Reliance Jio, Bharti Airtel […]

Economy

FACSI urges Centre to ease GST, credit norms for MSEs in 2026-27 Union Budget

The Federation of Associations of Cottage and Small Industries (FACSI) has urged the Centre for tax, credit and regulatory relief measures for micro and small enterprises in the 2026-27 Union Budget, to sustain growth and strengthen their role in the industrial ecosystem. In a recent pre-budget letter to Finance Minister Nirmala Sitharaman, FACSI president H […]

Economy

Micro-fertiliser industry seeks uniform 5% GST, faster credit refunds ahead of Budget

The Indian Micro-Fertilizers Manufacturers Association has urged the Centre to extend the 5 per cent GST across all fertilisers notified under the Fertiliser Control Order, expedite refunds of excess GST credits, and implement a unified licensing system ahead of the Union Budget. While acknowledging GST 2.0 as a “landmark reform” for the sector, particularly the […]

Budget 2026: Micro-fertiliser makers pitch reforms; call for uniform GST, single business licence system

The Indian Micro-Fertilizers Manufacturers Association (IMMA) has requested several key changes from the central government ahead of the Union Budget. These include extending 5 per cent GST to all fertilizers under the Fertilizer Control Order, speeding up GST credit refunds, and creating a single licensing system. The association made these demands on Sunday through its […]

Budget 2026: State leaders meet FM Nirmala Sitharaman for pre-Budget talks; urge GST compensation, more capex support

Budget to presented on February 1 (Image credit: IANS) State leaders met with finance minister Nirmala Sitharaman on Saturday for pre-budget discussions, where they reportedly asked for increased financial support for capital investments and compensation for GST revenue losses. The states also asked for more funding for urban and rural development, housing programs, and disaster […]

ASBL Spectra in Financial District Introduces ‘No Registration & No GST’ Scheme for Ready-to-Move-in Homes in Hyderabad

ASBL Spectra, a premium ready-to-move in gated community in Hyderabad’s Financial District, has announced an innovative homebuying initiative with the launch of its ‘No Registration & No GST’ scheme. The scheme eliminates upfront GST and registration charges for buyers, significantly reducing the immediate financial burden associated with purchasing a ready-to-move-in home.   A Ready to […]

Transforming India’s Retail Growth Through GST Reforms, ETCFO

The retail sector, one of India’s largest contributors to GDP and a major source of employment, continues to serve as the backbone of the country’s consumption-driven economy. Over the past decade, rising discretionary spending, the growth of organised formats, and rapid digitalisation have reshaped the way India shops. As the sector evolves, retailers are also […]

Economy

Auto component sector to gain from strong order pipeline, demand recovery post GST cut: Report

The auto component sector is expected to benefit from a strong order pipeline and a recovery in demand across passenger vehicles (PV), two-wheelers (2W) and three-wheelers (3W) following the recent GST cut, highlighted a report by Centrum. The report stated that the improvement in demand across key vehicle segments is likely to support volume growth […]