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Pre Budget Views News

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(16 Jul 2024, 13:00)

Union Budget 2024-25 should continue process of simplification and rationalization of taxes

Subhrakant Panda, Immediate Past President, FICCI

We look forward to a prudent budget that builds upon the strengths of Indian economy for accelerated growth and remains committed to fiscal consolidation. The Union Budget, being the first major public policy announcement of the government, is expected to set the tone for the next five years in terms of government’s policy direction. The Union Budget 2024-25 should continue the process of simplification and rationalization of taxes for enhancing ease of doing business. This will also reduce tax related litigations and improve efficiency in the taxation system.
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