With the budget 2023-24 fast approaching, key industries have come out with their wishlist from the government to help streamline businesses and accelerate growth to be able to contribute to the economy.
Finance Minister Nirmala Sitharaman, ministry officials and members of budget press participated in the Halwa ceremony on Jan 26, which marks the final stage of budget preparations.
Traders body seeks review of GST system | The Navhind Times navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
Terming GST one of the "most complicated" taxation system, Traders' body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to announce review of GST taxation system and all Acts and Rules .
The body suggested that besides advising the Reserve Bank of India (RBI) to ensure smooth and easy access of finance to the trading community, the Finance Minister should spell out a policy in the budget to lay special emphasis on Non Banking Finance Companies & Micro Finance Institutions for lending to small businesses and the Banks and financial institutions should strengthen NBFCs and MFIs by providing requisite finance at a lower rate of interest so that both these lending institutions should provide finance to small businesses at a lower interest rate.