Budgetary Strategies for Recycling and Waste Reduction in the Circular Economy

Talking about our expectations for Union Budget 2024, it’s true that the government should be more inclined towards offering tax breaks to emerging brands that follow a sustainable model. Further, GST rationalization for green products can be a great incentive to level the playing field between the plastics and green products. This would not only trigger substantial growth for these young brands via surges in capital investments but also encourage the huge supply of planet-safe choices to the never-ending consumer demand. However, as a co-founder of EcoSoul ( Rahul Singh), one of the biggest category-disrupting consumer brands in India, I sternly believe that the allocations can go beyond providing tax breaks. To create a circular economy, the focus should also be on recycling and waste reduction. Read more >>