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Budget News - Page 21
If Budget 2015 isn't game changer, nothing will move further: MAIT chief
Anwar Shirpurwala, Executive Director of India's apex body of IT hardware manufacturers, MAIT, explains how India has a big opportunity in ICT manufacturing and how Budget 2015 can meet them.
Budget 2015: Jaitley should unveil a solid plan to refuel NPA-ridden public banks
Until the time the government remains the majority owner in state-run banks, it can’t escape from the responsibility of funding these entities
Budget 2015 offers FM Jaitley a chance to unleash some bold reforms. Will he?
The government could address various tax issues pertaining to the real estate investment trust and infrastructure investment trust regime to make it more attractive.
Budget 2015: Relief from double taxation on software a must
The government in its upcoming budget must ensure a simplified tax regime to relieve the burden of exorbitant taxes on this account.
Crystal ball gazing: Wear blue to avoid budget blues, Bejan Daruwalla's advice to Jaitley
The Budget will take the Modi government one step higher if not 10 steps. Thanks to PM Modi, Arun Jaitley will present a budget which will attract investors from across the globe to India. Jaitley will focus on Below the Poverty Line people, widows, orphans and those who want to grow with the funds the government will provide under various schemes.
Finance Comm gives more power to states but the Finmin just watered down co-operative federalism
The action taken report by the finance ministry says it has accepted the recommendation on Centre-state transfers “in principle”
Mutual fund investors cannot buy or sell on Budget day
MF houses do not allot net asset value of debt or equity funds on non-business days and the allotments to funds are resumed on the following business day.
Jaitley risks the wrath of rating agencies if Budget 2015 fails to deliver
A rating action will prove costly for local firms in the form of heightened risk perceptions and corresponding increase in their borrowing costs
Reforms to decide whether India's sovereign rating will be upgraded, says Moody's
Finance Minister Arun Jaitley, in his first full-fledged Budget on February 28, is likely to lay down the roadmap for economic reforms and fiscal consolidation with a view to boost growth.
Budget 2015: Given the good they do nation, infrastructure bonds should be open to all
The government even while encouraging tax culture must not look down upon tax savings through infrastructure-centric investments
Defence exports could touch $17 bn by FY22: report
India is the world's largest importer of defence equipments with tens of billions of dollars in annual purchases of critical equipment for the armed forces.
Finance Commission report: Modi's federalism gets boost with bonanza for states
The Commission headed by former Reserve Bank of India governor, YV Reddy, has gone a step further beyond the resource sharing recommendations all Finance Commissions do and outlined a new paradigm of Centre-state relations.
Budget 2015: Funds for infrastructure is key to drive tourism, says Yatra's Dhall
The tourism sector plays a very strategic role in the country’s economy and we are hoping infrastructural improvement especially in the smaller towns and cities that house key tourism destinations, says Sharat Dhall, president, Yatra.com.
Boost for Modi's federalism: 42% of taxes collected will go to states
The 14th Finance Commission report has been tabled in parliament today. Here are some of the key recommendations that Firstpost has been able to put together from reports available so far
Budget 2015: Check out the Finance Commission's tips to fix fiscal deficit
The Commission has patted states on the back for largely meeting the fiscal consolidation targets set for them, while rapping the Centre on the knuckles for not being disciplined enough and amending the FRBM Act and Rules at its will.
Budget 2105: Only an overhaul of tax system can plug the revenue leakages
With the absolute majority of this government, this might be India's only chance to bold and grassroots administrative reform
Finance Commission upbeat on GST roll out, moots fund to compensate states
The government tabled the GST bill in the Lok Sabha in December and is hopeful to pass the landmark legislation in the budget session.
Budget 2015: Eliminate entertainment tax as it hurts broadcasting sector
It is imperative that the entertainment tax be eliminated or at least the rate of tax be moderated.
Budget 2015: CEO Opinion Poll shows expectations run high, says CII survey
According to majority of CEOs, the revenue deficit target for the coming year would be between 2.6–2.8 percent.
Budget 2015: Direct benefit transfer only way to cut govt's subsidy burden
The only way out for the government will be widening the coverage of direct benefit transfer or DBT.
Budget 2015: Here’s what IT industry wants from you, Mr. Jaitley
the Indian IT industry has pinned hopes on the Modi government to push reforms and policies that will bring stability to the sector and maximize growth.
Budget 2015: Eliminate physical cash, says TechProcess CFO
The Govt must introduce rules to deem cash transactions above certain value illegal; charge a fee on large cash withdrawals with additional scrutiny; and announce tax rebate for businesses accepting electronic payments.
Finance Commission suggestions: Now alter central govt sponsored schemes as needed, PM tells CMs
In a letter to all Chief Ministers, Modi said the states are free to change Centrally Sponsored Schemes and plan the course of their development.
Stock markets riding for a fall unless Modi govt's first full Budget delivers
A sell-off in stocks and debt could send the rupee tumbling, with some analysts predicting it could fall as low as 64-65 to the dollar, levels last seen when the currency was recovering from an all-time low of 68.85 struck on Aug. 28, 2013.
Budget 2015: Change tax laws to make pensions, annuities plans attractive
The finance minister in his maiden budget speech had announced the concept of universal KYC and a single demat account across asset classes.
Budget 2015: Accord infrastructure status to housing finance industry
The government could hasten the development of the nascent low-cost housing industry and specific satellite townships by providing tax incentives, says Edelweiss Housing Finance Limited president Anil Kothuri.
Budget 2015: Integrating IT within India’s growth story
Though, the Government has aptly recognized skill development as an engine for economic growth, the industry expects that weighted tax break be extended to the IT/ITeS sector, to incentivise training and skill development.
Budget 2015: Rational tax policy will help put India on investors radar, says Acer
Burdensome procedures and costs for BIS certifications which are duplication of efforts and in addition impacting timely market launches should also be done away with immediately.