Budget News - Page 18

Massive investment needed for skill development: Jaitley

Jaitley said massive efforts are needed in the form of investment in social infrastructure, skill development and empowerment of women, an official release said.<br />

Massive investment needed for skill development: Jaitley

Jaitley said massive efforts are needed in the form of investment in social infrastructure, skill development and empowerment of women, an official release said.<br />

Disappointed Economic Survey envisages 5 years to implement reforms: Chidambaram

Chidambaram welcomed the declaration of the NDA government that "the emphasis of policy would have to remain on fiscal consolidation and removal of structural constraints".<br />

Citi, Morgan Stanley expects 100 basis rate cut in 2012

While Citi and Morgan Stanley are expecting the RBI to announce a rate cut in March, a lot will depend on the budget.

Budget 2012 should avoid sector-specific tax cuts: IMF

Capital spending should also be a priority as removing road blocks to facilitate infrastructure is important, said Laura Papi, division chief - Asia and Pacific department of the International Monetary Fund.

Despite FII flow, markets to lose steam ahead of elections, budget: Morgan Stanley

For the rally in Nifty,Morgan Stanley says many stocks have now become more expensive than their fundamentals can allow.

Not in favour of referring laws to expert groups: Montek

Although the government is unlikely to introduce the DTC from April 1, 2012, as planned earlier, it may incorporate some of the provisions of the proposed law in the Budget for 2012-13, to be unveiled on March 16.

A Budget aimed at fiscal consolidation? Rubbish, says expert

Against a budgeted deficit estimate of 4.6 percent of gross domestic product (GDP) for the year ending March 2012, most economists believe the deficit could come in as high as 5.6 percent - a full percentage point higher.<br /><br />

Removal of MAT on SEZs tops Nasscom's Budget 2012 wishlist

<br /><br /> In the last Union Budget, government imposed a minimum alternate tax of 18.5 percent on the book profits of SEZs developers and units.

Will Budget 2012 break policy logjam over FDI, infra spend?

The budget needed to embolden investors into investing capital in the country.

Need money & long-term policies: Infra cos to Pranab-da

As Pranab Mukherjee gets ready to present Budget 2012 the message is clear - focus on accelerating infrastructure spending and break the policy logjam.

How Budget 2012 can ensure fair play for realty

There is a strong need to set up a real estate regulator to ensure fair play and transparency in the industry.

Budget 2012: What to expect from the Finance Minister

The Union Budget 2012 should focus on introducing GST and DTC, along with growth in rural areas and provision of more education and health facilities through centralized sponsored schemes.

Morgan Stanley has two big hopes from Budget 2012. Will they be fulfilled?

The brokerage predicts the budget will focus on two issues: cut government expenditure and boost private investment.

Budget 2012: What can the aam aadmi expect?

To boost tax revenues, the government could do two things: one, increase tax rates and/or get more people under the tax bracket.

Budget: Diesel tax, excise hike give auto industry the jitters

Analysts reckon if the diesel tax is levied, it could result in the cost of a diesel car increasing by up to 20 percent, causing a further dent on the auto industry's outlook in the immediate term.

Budget 2012 has to create 'our own magic'

Manika Premsingh spoke to Ajay Shah of the National Institute of Public Finance and Policy for Firstpost.

Fix Budget 2012 hole or S&P could downgrade India

Rupa Rege-Nisture, chief economist and general manager of the Bank of Baroda, speaks to Firstpost's Rajanya Bose in an exclusive video interview.

Budget 2012 must merge NREGA with Food security to cut subsidy

Economists are keeping their fingers crossed on what lies ahead. But their prescriptions are clear: fiscal consolidation, energy pricing reforms, and rationalisation of subsidies.

India Inc, don't expect any market-friendly goodies in Budget 2012

The only positive to look forward to, brokerage Credit Suisse says, is that there could be a small boost to consumption.

Budget 2012 primer: What does govt spend money on?

Spending on rural employment takes away much needed resources for building infrastructure. Similarly, any loan waiver program will eat into capital spending on infrastructure.

Bring MNREGA under Food Security Bill in Budget 2012

The priorities for the government while preparing Budget 2012 should be to start looking at the whole situation in a multi-dimensional way and not take growth for granted.

Budget 2012 is for being responsible, minus populism

Manika Premsingh talked to Surjit Bhalla of Oxus Investments on behalf of Firstpost, and he made it plain that "the top priority must be move away from populist measures".

This Budget 2012, shift govt spending focus from consumption to investment

Dr Ashima Goyal of the Indira Gandhi Institute of Development Research in Mumbai told Firstpost's R Jagannathan that it is not the raw numbers that matter to fiscal consolidation, but the quality of the adjustment.

'A 5.6% deficit may not be a problem for India': IGIDR

In an exclusive interview to Firstpost, Ashima Goyal of IGIDR, said the challenge for the government is to rein in the deficit while addressing the issue of slowing economic growth.

DTC: I-T exemption limit should be raised to Rs 3 lakh, says panel

The report suggested that the wealth tax limit be pegged at Rs 5 crore, while the Securities Transaction Tax (STT) be abolished.

'GST, DTC game-changers, Budget 2012 must ensure passage'

The Infosys CFO is hoping for an aspirational budget which must revive the confidence of global investors in the India Growth story.

Budget will test if govt can live within its means: Walker

"The government has boxed itself into a corner, where the only priority is fiscal consolidation," Walker told Firstpost in Hong Kong.

Govt track record says Budget 2012 will be bad: Jim Walker

The government's willingness to cut back subsidies will be on stern test, but it will likely disappoint, says the economist.

Why Budget 2012 is likely to be a non-event for IT sector

While the industry would like to abolish or reduce the Minimum Alternative Tax on SEZs, the likelihood of this getting announced in the budget is almost nil.