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Budget 2025-26 Needs to Focus on Capex, Infrastructure Spending: RBI MPC Member Nagesh Kumar

  • The Government is considering reducing customs duty on inputs for medical equipment and electronics to boost local manufacturing, according to tax experts.
  • The 2025-26 budget will be presented on February 1, with expectations for capital expenditure and infrastructure spending to support economic growth, as stated by Nagesh Kumar.
  • Nagesh Kumar expressed concerns over the weakening rupee and its impact on long-term development, emphasizing the need for sustainable growth strategies.
  • There is a call for an amnesty scheme to resolve long-standing customs disputes, as reported by Grant Thornton Bharat partner Manoj Mishra.
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Latestly broke the news in on Sunday, January 19, 2025.
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