The Core Report #496 Union Budget 2025: Not Enough Economic Future-Proofing
On this Budget Special of The Core Report, financial journalist Govindraj Ethiraj is joined by Uday Ved, Partner at KNAV & Co, E.N. Dwaraknath, Partner at Price Waterhouse & Co LLP and Ajay Srivastava, Founder of Global Trade Research Initiative to talk about the key takeaways from yesterday’s Union Budget.
SHOW NOTES
(00:00) Introduction
(07:16) Tax Changes and Simplification in the Budget
(09:53) Draft IT Act bill
(11:06) Not enough Future-Proofing
(14:20) There is a capital shortage
(17:16) we need to address sectors specifically like Steel, Textiles, etc
(18:43) Trump Tariffs
(20:11) TCS and TDS rates
(21:38) The 12 lakh tax limit and the Tax Slabs
(24:02) What are the Tax exemptions?
(25:32) Simplification of Customs Tax Slabs
(27:30) Provisions to Foreign investors for Electronic Manufacturing
(29:53) FM is focusing more on the PLI than the tax exemption
(31:42) Corporate tax
(32:55) How is India competitive globally on Corporate tax and Personal tax
(34:18) A perspective on Corporate tax
(36:32) Smartphone manufacturing and Uncertain Tariff policy
(39:17) Final thoughts - Dwarak Narasimhan
(40:16) IFSC
(42:52) Clean Energy
(44:05) Final Thoughts - Ajay Srivastava
(45:22) Final Thoughts - Uday Ved
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