CII's Budget Proposal: A Boost for Consumption and Growth

In a bold move to invigorate the economy, the Confederation of Indian Industry (CII) has proposed a reduction in the excise duty on fuel. This initiative aims to enhance consumption, particularly among lower-income groups, by addressing the inflationary pressures exerted by high fuel prices.

Tax Reforms to Empower the Middle Class

Furthering its agenda for economic revitalization, CII suggests lowering marginal tax rates for individuals earning up to Rs 20 lakh annually. This strategy is designed to stimulate a cycle of increased consumption, economic growth, and higher tax revenues. The current disparity between the highest individual tax rate of 42.7% and the corporate tax rate of 25.2% is highlighted as a significant concern, especially as inflation erodes the purchasing power of middle and lower-income earners.

Mastering Stock Valuation: An Opportunity Not to Miss

Amid these discussions on economic reforms, ET’s Workshop on stock valuation emerges as a timely resource for professionals looking to enhance their financial acumen.