Budget 2015 News - Page 11

Budget 2015: Centre to introduce draft Bill on Small Factories Act

The NDA government is all set to move amendment proposals to Child Labour (Prohibition and Regulation) Bill and Factories Act, 1948

Budget 2015: Govt may cut plan outlay for electronic dept to Rs 2,500 cr

The government may reduce the plan outlay for Department of Electronics and IT (DeitY) to about Rs 2,500 crorein Budget 2015

Budget 2015: Expectations, lead FPIs to stage a come back

FPIs became net buyers in the Indian equities market for the week ended 20 February on the back of high expectations from the Budget 2015

Govt to bring amendments to Arbitration Act in Budget Session: Gowda

Law Minister DV Sadananda Gowda on Tuesday said the Centre will introduce amendments to Arbitration and Conciliation Act 1996 in the coming budget session of Parliament to make the country investor-friendly.

Budget should increase tax benefits for small investments: Governor Rajan

For increasing the saving rate, which has dipped to 30 percent, Rajan also advocated for increasing the tax benefit for small investments in financial instruments like PPF, PF, insurance policies etc under Sec 80C.

Govt will simplify tax structure in Budget 2015, says chief economic adviser

India Inc. wants the finance minister to cut corporate taxes and restrict the minimum alternate tax to 10 percent to boost manufacturing.

Arun Jaitley should practice the saffron KISS on Union Budget 2015-16

Indian budgets have never innovated much - not in terms of tax proposals, but in terms of the budget-making process itself - since colonial times. Shouldn't Jaitley be changing all that?

Budget 2015: Jaitley hints at not raising tax rates, sops for manufacturing

While referring to various revenue sources for the government including divestment, dividend and spectrum sale, the finance minister said as economic activity picks up, the government's capacity to raise revenue will also increase.

Budget 2015: Dear Jaitley, salaried class deserves exclusive tax benefits

The income-tax law indeed is caught in a time warp especially for the salaried class

Budget 2015: Finance Ministry may hike lock-in period for PPF

The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.

Budget 2015: FY16 divestment aim may be around Rs 43,000 cr

Finance Minister Arun Jaitley, in the Budget 2015, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.

Subsidy reforms to GAAR: What investors expect from Arun Jaitley in Budget 2015

The 2015/16 budget is billed as a "make-or-break" event for Prime Minister Narendra Modi's eight-month-old government.

Budget 2015: Government may cut duty for iron ore exports from Goa

Centre may soon announce a special package for miners in Goa by pruning duty on exports of the steel-making raw material from 30 percent.

Budget 2015: Bill to amend EPF Act likely in session

The government is likely to introduce a bill to amend the EPF & MP Act in the budget session of Parliament with the objective of bringing more workers under the social security benefit among other things.

Budget 2015: CII seeks cut in Minimum Alternate Tax to 10%

CII sought a reduction in Minimum Alternate Tax (MAT) on special economic zones at 10 percent in the upcoming Budget to boost investments.

Budget 2015: Govt may consider reducing gold import duty by 2-4%

The government may consider 2-4 percent reduction in gold import duty in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery

PM seeks CMs' views on Budget 2015 at NITI Aayog meet

At the first meeting of Governing Council of NITI Aayog on 9 February, Prime Minister Narendra Modi will seek views of Chief Ministers and Lt Governors on Budget 2015-16

Auto makers wants excise duty reduction in Budget 2015

Automobile industry body SIAM wants Finance Minister Arun Jaitley to reduce excise duty on automobiles in the upcoming Budget to help the sector combat demand slowdown.

Budget 2015: Tyre makers seek doubling of import duty

Indian manufacturers have asked the government to double import duty on tyres to 20 percent in the Budget to bring it at par with natural rubber in order to provide a level-playing field to the domestic industry.

Budget 2015: Road Min seeks Rs 50,000 cr to fast-track highway projects

Citing the need to fast-track highways development and meet the ambitious plan of building 30 kms of roads a day, the Road Transport and Highways Ministry sought the doubling of its budgetary allocation to Rs 50,000 crore.

Budget 2015: Reduce export duty on iron ore pellets, says FIMI

Miners' body Federation of Indian Mineral Industries (FIMI) has sought bringing down export duty on low-grade iron ore and pellets to nil in Budget 2015

Budget 2015: Foreign cos may to be allowed to claim deduction on dividend tax

Govt is contemplating tweaking tax laws to allow foreign firms to claim deduction in home countries for the dividend tax paid by subsidiaries in Budget 2015

Budget 2015: FM to clarify on applicability of MAT on foreign portfolio investors

FM Arun Jaitley is likely to clear the air about applicability of Minimum Alternate Tax (MAT) on Foreign Portfolio Investors (FPIs) in the Budget 2015

Budget 2015: Consumer durables industry seeks excise duty cut

Industry body CEAMA has sought reduction in excise duty on consumer durables in the Budget 2015 to help the sector combat demand slowdown.

Budget 2015: Commerce ministry seeks Rs 100 cr to set up Project Development Fund

Federation of Indian Export Organisations too said that the Project Development Fund would push India’s project exports, helping both the merchandise and services sector.

Budget 2015: Jaitley may seek to re-introduce customs duty on crude oil

Given that there is no customs duty on imported crude oil, the CST levy places domestic producers at a significant disadvantage vis-à-vis imported crude, government sources said.

Budget 2015: A 6-point agenda for Modi to make education accessible and affordable

Key policy reforms and sound policy initiatives to stimulate growth and sector-specific reforms for the education sector are in anticipation

Budget 2015: Industry wants FDI in online retail, easier listing norms for internet cos

Clarity around definition of export turnover and total turnover for computation of tax exemption in the Budget will help resolution of tax-related disputes, said brokerage house Morgan Stanley in its report on Budget expectations of various industries.

Union Budget 2015: FM to set limit for taxing indirect share transfer by MNCs

Government is likely to define in the forthcoming budget the term 'substantial value' to tax MNCs for selling Indian operations by fixing 50 percent of their total asset base as the threshold.