look news india
Union Budget 2025: In the announcement of Union Budget 2025, the telecom sector expects a reduction in the prices of internet services and smartphones. This step can further strengthen digital reach of millions of citizens of the country. Stakeholders in the telecom sector are hopeful that this time such policy measures will strengthen the infrastructure and reduce operating costs.
Possibility of reduction in import duty
Experts say that ‘further reduction in import duty is expected in Budget 2025, which will encourage foreign companies to increase investment in India.’ Reduction in import duty will reduce production costs and also reduce prices of smart devices like mobile phones. This can make it easier for common people to buy smartphones.
Demand to reduce tax-license fees
The biggest hope in the upcoming Budget 2025 is tax reduction, which currently remains a burden on the telecom sector. In which reduction in import duty, Universal Service Obligation Fund (USOF) and license fee has been demanded. If this happens, telecom companies will have more capital available to invest in infrastructure. Customers will get its direct benefit in the form of cheaper services. A huge amount is expected to be allocated to strengthen digital infrastructure in the next budget. Investments will be made to tackle the challenge of connectivity, especially in rural areas.
There is a possibility of increase in allocation in agriculture sector
Experts were predicting that in the budget presented by the Finance Minister of the country, the allocation for the agriculture sector will be increased by about 14 to 15 percent. It was calculated that if the allocation was increased by this much, the six-year record would be broken. Experts have expressed the possibility that such allocation will be increased in the budget to increase the production of pulses, oilseeds, vegetables etc.