Union Budget 2025: In the announcement of Union Budget 2025, the telecom sector is expected to reduce the price of internet services and smartphones. This step can further strengthen digital access to millions of citizens of the country. The stakeholders of the telecom sector hope that this time such policy measures will strengthen the infrastructure and reduce the operational cost.
Possibility of cutting import duty
Experts say that ‘the budget is expected to further cut import duty in 2025, which will encourage foreign companies to increase investment in India’. Import duty cuts will reduce production costs and will also reduce the prices of smart devices like mobile phones. This can make it easier for common people to buy smartphones.
Demand to reduce tax-licenses fees
The upcoming budget is the largest expectation in tax cut in 2025, which is currently a burden on the telecom sector. In which there has been a demand to cut import duty, Universal Service Obligation Fund (USOF) and license fee. If this happens, telecom companies will have more capital available for investment in infrastructure. This will directly benefit customers as cheap services. A large amount is expected to be allocated to strengthen digital infrastructure in the next budget. Especially in rural areas will be invested to deal with the challenge of connectivity.
Allocation in agriculture sector is likely to increase
The experts were expecting the possibility that in the budget to be 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 so much allocation is increased, the six -year record would be broken. Experts have expressed the possibility that such allocation will be increased to increase the production of pulses, oilseeds, vegetables etc. in the budget.
