Union Budget 2022 Live: central Finance Minister Nirmala Sitharaman (Finance Minister Nirmala Sitharaman) will present the Union Budget in Parliament sometime from now. This budget is very special for the country which is struggling since the Corona period. This is the reason why Prime Minister Narendra Modi (PM Narendra ModiThere have been many demands of the auto sector since Modi 2.0. Today we are going to tell you about all those 4 big demands. So let’s have a look…
Will the GST rate on vehicles be reduced?
GST tax of 28 to 60 percent is levied on IC engine vehicles by the central government. In such a situation, there has been a demand for a long time to reduce the rate of GST on IC engine vehicles. However, there is little hope that the government will meet this demand.
How will employment opportunities increase?
Prime Minister Narendra Modi launched the Automotive Scrappage Policy in August last year. This decision of the government was well received by the market. While launching it, PM Modi had said that this policy will lead to an investment of about Rs 10,000 crore and thousands of youth will get employment. Actually, the auto sector suffered heavy losses during the Corona period. In such a situation, the eyes of the market are fixed on this budget to promote employment.
Indigenous people will get promotion from self-reliant India!
To reduce the dependence on China, the Modi government at the Center is continuously giving the slogan of self-reliant India. In such a situation, an announcement can be heard from the government to promote indigenous companies.
government will give any relief
From the year 2019 till now, there is a continuous demand for a relief package from the Indian auto sector. However, the market will not get any special gift from the government on this. In such a situation, it remains to be seen whether the government will give any relief package this time or not.