PANJIM, Feb. 1 -- Goa Corporates have received the Nirmala Sitharaman presented Union Budget 2025-26 with a positive vibe. They highlighted the budget's benefits for Goa's tourism sector through Mudra loans for tourism-related projects and fisheries sectors. The increased IT exemption limit would boost investment and economic activity. The increased threshold limits for MSMEs, the rationalization of custom duties, and the removal of double taxation on transactions subjected to both TCS and TDS would benefit industry.

Shrinivas Dempo, President of the Goa Chamber of Commerce & Industry, has welcomed the Union Budget, stating it prioritizes growth while addressing cyclical concerns and laying the groundwork for long-term economic expansion...