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Economic Survey 2025 Highlights: Retail Inflation At 4.9% In FY25 So Far, Indices End Session Higher

Economic Survey 2025 Highlights: The document provides an insight into the performance of the Indian economy so far, with detailed insights into the health of various sectors.

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Economic Survey 2025 Highlights: Retail Inflation At 4.9% In FY25 So Far, Indices End Session Higher

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19:46 PM (IST)  •  31 Jan 2025

Crypto Industry Hopeful Of Simpler Tax Structures In Budget: ZebPay COO

Raj Karkara, COO, ZebPay, stated that the country needs to align its crypto policies with the global regulatory framework to tap into the industry's potential completely. The executive said that industry remained hopeful the government would revisit measures like the 30 per cent tax on crypto income and the 1 per cent TDS mechanism in the upcoming budget. "Simplified tax structures can encourage wider participation while boosting liquidity and trading volumes. Recognition of crypto as a formal asset class, with clear classifications is another critical step," he stressed.

19:22 PM (IST)  •  31 Jan 2025

Budget Should Focus On Development Of Critical Digital Infrastructure: ESDS Software Solutions MD

Piyush Somani, Chairman and Managing Director, ESDS Software Solution Limited, noted that the Budget should focus on the development of digital infrastructure. "A dedicated fund to support 'Make in India' hardware and sovereign digital platforms will be a game changer. Additionally, tax incentives, R&D grants, and production-linked incentives (PLIs) for Indian companies working on AI-driven cloud solutions, enterprise SaaS platforms, and cybersecurity frameworks will accelerate our self-reliance. We need policy frameworks that mandate Indian encryption software for sensitive national data and encourage the use of locally developed applications in government and enterprise ecosystems," he added.

18:55 PM (IST)  •  31 Jan 2025

Lower GST On Insurance Premiums Is The Primary Expectation, Says CarePal Secure CEO

Pankaj Nawani, CEO, CarePal Secure, said that the primary expectation from the upcoming Budget remained for a reduction in the GST applicable on insurance premiums. The executive said that lowering GST would not only make insurance products more affordable for policyholders, but also cut down customer acquisition costs and boost sales. 

Nawani suggested the authorities should implement a tiered GST structure, 'with reduced rates for specific products or even a zero rating for micro-insurance and digitally sold health insurance'. 

18:23 PM (IST)  •  31 Jan 2025

Auto Industry Hoping For Tax Incentives, Push For EVs In Budget, Says Komaki Electric Co-Founder

Gunjan Malhotra, Co-founder, Komaki Electric, noted that the automobile industry remained hopeful of tax incentives, EV infrastructure, and push for domestic battery manufacturing in the upcoming Budget. "Expanding green financing options and lowering interest rates on EV loans can significantly boost adoption and make it more accessible for both urban and rural consumers. Additionally, investing in research and development for advanced battery technologies will also be crucial for adding to the performance and credibility of electric vehicles. With the right support and incentives in place, India has the potential to become a global leader in the EV market," the executive said.

18:02 PM (IST)  •  31 Jan 2025

Budget Needs To Focus On Ease Of Doing Business Reforms: BoB Chief Economist

Madan Sabnavis, Chief Economist at Bank of Baroda, noted that the Economic Survey's GDP projection for FY26 highlights uncertainty in the global economic scenario. This recommends more reforms, particularly, regarding the ease of doing business to help the Indian economy grow, the economist said.

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