Raise in tax redemption, incentives, specific schemes to benefit infrastructure and manufacturing, investment in digital infrastructure, a policy that further encourages a sturdy start-up ecosystem through easier loan disbursements, e-approvals, and more are expectations of industry people from Budget 2023-24, set to be presented by Finance Minister Nirmala Sitharaman on February 1.
It is anticipated that the government may provide tax breaks or other incentives to urge businesses to increase employee benefits. “The government may consider offering tax rebates or other incentives to businesses that hire more women by promoting a pleasant work environment. Businesses should focus on retraining and updating their personnel in order to enhance output, and the government must inform businesses of tax benefits for training or incentive-related programmes through the budget,” says Anshuman Das, CEO and Co-founder, Careernet.
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