Budget for Aviation Sector

In the budget for FY25, the government has earmarked Rs 502 crore for the scheme, down from Rs 1,244.07 crore (BE FY24) and a revised estimate of Rs 850 crore.

Policy boost for aircraft, ship MRO industry as Finance Minister extends re‐export window in Budget 2024

The ruling National Democratic Alliance, has in the past, expressed its aspiration to develop India as a manufacturing base for passenger aircraft, promising to revamp legislation and reduce compliance burden for small businesses and traders, including those related to the goods and services tax.

Telecom operators seek tax reforms, duty relief in 5G equipment

In their recommendations to the Ministry of Finance, telecom companies such as Reliance Jio, Bharti Airtel, and Vodafone Idea have highlighted the need to abolish regulatory levies like the Universal Service Obligation Fund (USOF) and Adjusted Gross Revenue (AGR). Additionally, they propose reducing the License Fee from 3 percent to 1 percent to alleviate the financial burden on the industry.

Market insiders expect STT hike in Budget 2024, expect HFTs to be hit hard

The capital markets regulator and the Economic Survey have raised concerns about the speculative nature of derivatives trading

Aviation industry eyes govt adequate infrastructure upgrade, tax breaks in Budget for 2024-25

Infrastructure woes continue to haunt and the industry is looking at the government to create provision of adequate infrastructure and abolish the negative fiscal regime that make it hard for industry players to make profits.

Indian aviation needs to focus on investment in infra and skill development for future expansion: Eco Survey

The survey said that the Indian civil aviation market has great potential due to the growing demand from the middle class, growth in population and tourism

Economic Survey flags lack of demand, indigenous tech, competitive market in India's space sector

The Economic Survey 2024 said that there is a technological gap when it came to development of indigenous carbon fibres, dedicated captive semiconductor fab for space applications and so on

Aviation industry seeks tax breaks, ATF relief in Budget 2024

While India has emerged as the world’s third-largest aviation market, with 4.2 lakh Indians flying daily domestically in 2024, over the last 10 years, the sector's profitability remains in question

Budget 2024 Expectations: All eyes on aviation sector as industry on the cusp of a boom

Budget 2024 Expectations: While govt measures have seen more Indians flying, making the country the third-largest aviation market in the world, infrastructure woes continue to haunt. Abolition of the negative fiscal regime and provision of adequate infrastructure are the industry's two main demands.