Budget 2025-26: CII calls for cut in excise duty on fuel, consumption vouchers to stir demand

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Times of India 5d ago

Budget 2025-26: CII calls for cut in excise duty on fuel, consumption vouchers to stir demand - Times of India

Quick Summary:

The Confederation of Indian Industry (CII) recommends reducing excise duty on fuel and lowering personal income tax rates to boost consumption and tackle inflation.

CII also suggests increasing benefits and unit costs under key government schemes like MGNREGS and PM-KISAN, and introducing consumption vouchers for low-income groups to stimulate demand.

The Confederation of Indian Industry (CII) also sought an increase in the unit costs under the PMAY-G and PMAY-U schemes, which have not been revised since the scheme's inception.