Budget News - Page 22

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.

Tourism Ministry needs to get more funds from Budget 2015, says HolidayIQ's Hari Nair

What does the tourism industry expect from Budget 2015? HolidayIQ's Hari Nair says the ministry of tourism needs to do much more.

Budget 2015: Politicians' promise on black money half-hearted; no concrete steps likely

To begin with, the Modi government can set an example by making its own political funding details public

Budget 2015: Fiscal consolidation is the most important reform that markets are waiting for

Focus on improving the tax-to-GDP ratio from current 10.6 percent levels, lowering the subsidy bill from over 2 percent of GDP and spending on creation of assets will help the government on its fiscal consolidation path

Budget 2015: Lower prices to help Modi govt meet fiscal numbers, say analysts

As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, analysts said the government is most likely to meet its ambitious 4.1 percent fiscal deficit target, helped by lower oil prices.

Budget session: Coal bill may pass, but land bill may be beaten out of shape

Despite strenuous efforts by the Modi government to keep lines of communication open to the opposition and help it passing crucial reform bills, the chances are the land acquisition law will be mangled out of shape before being passed.

Budget2015: Fiscal discipline must to improve India's credit rating, say BMR experts

The government is also keen to disinvest some stake from many public sector firms but there is no guarantee if it can mop up what it has expected from the market.

Budget2015: Raise medical reimbursement limit from Rs 15K, people to FM

The cost of medication is not just high for serious illnesses but also for general ones.

Jaitley may announce plans to combat black money in Budget speech

Experts and officials said SIT's demand to firm up official protocols vis-a-vis sharing of information between various law enforcement agencies and making amendments in anti-money laundering laws and Income Tax Act could be considered for action in the Budget.

Say no to radical reforms: Why Modi must ignore his cheerleaders

Modi's sobering down is a good signal; the next step should be to lower down the high expectation of the cheer-leading class. He must convince them that reforms cannot be shoved down the throats of people; shock therapy is fine in theory but in alert democracies like India it can unleash reactions in immeasurable ways.

Govt committed to create robust infra for economic growth: Pranab

A robust infrastructure is the engine to economic growth and the government is committed to infuse new vitality in sectors such as highways, ports and railways, President Pranab Mukherjee said on Monday.

Budget 2015: Five things you can expect — and not — from FM Jaitley

On the whole we should be abstemious in expectations of the Budget being a ‘make or break’ one or one that can shake the economy

Budget 2015 should focus on making India safer for women, says Thomas Cook's Madhavan Menon

Madhavan Menon, Managing Director, Thomas Cook India lists what the travel sector needs from Budget 2015.

Budget 2015: These graphics explains what can be done on the tax front

For the finance minister to balance fiscal consolidation and boosting growth, the government will have to initiate far reaching changes on the taxation front including ensuring a non-adversarial tax regime, steps towards GST and benefits on personal tax.

Issues on service tax need clarifications, says Kuoni India's chief Rajeev Wagle

Wagle said his key pre-budget recommendations are prioritisation of key issues such as safety and infrastructure, infrastructure enhancement and rationalisation of taxes.