Budget 2025 Wishlist: Financial sector seeks tax sops, steps to deepen financial markets
Budget 2025: The financial sector, especially banks on Thursday made a case for tax sops in the upcoming Budget for fixed deposits to support savings which have seen reduction in recent past. Suggestions regarding improving efficiency of capital markets and increasing capital market inclusion were also made during the pre-Budget meeting with Finance Minister, Edelweiss Mutual Fund MD & CEO Radhika Gupta told reporters here.
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Recommendation regarding incentivisation towards long-term saving, both debt and equity, were also made, she said.
Finance Minister Nirmala Sitharaman on Thursday chaired the seventh pre-Budget consultation with stakeholders from the financial sector and capital markets.
The meeting was also attended by Finance Secretary and Secretary DIPAM; and Secretaries of Department of Economic Affairs and Financial Services, and Chief Economic Adviser.
The full Budget 2025-26 is scheduled to be presented in Parliament on February 1.
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