Budget News - Page 24

No retro tax on debt schemes: MFs say relief only partial, will not help industry

MFs feared the budget proposal will hurt them as majority of assets under management comes under the debt category

In Tweedledum Vs Tweedledee, Jaitley gave the game away to Chidambaram

In a debate between Arun jaitley and P Chidambaram, neither combatant was willing to do more than shadow-boxing. Jaitley was unusually non-combative, and lost the debate on points to Chidambaram

Budget to take care of 'inverted duty structure' in manufacturing

Many issues related to inverted duty structure, which has adversely impacted domestic manufacturing, may be addressed in the coming budget, a senior government official said today.<br />

Will Jaitley bring back banking cash transaction tax ? Don't bet on it.

The Parthasarathi Shome panel on tax administration has called for the reinstatement of the fringe benefits tax and the banking cash transaction tax. Neither is likely to happen

Chidu's fiscal legacy debunked: Jaitley and CEA break free with bold new gameplan

The NDA's Mid-Year Economic Analysis under a new Chief Economic Advisor is unusually bold and clear-headed in what needs to be done. It breaks from Chidambaram's fiscal fundamentalism

Excise duty concessions for auto sector to go: Jaitley is right to remove industry's crutches

The auto industry has got more than its fair share of duty relief this year. It is good if Arun Jaitley ends the duty concessions on 31 December.

Modi's investment stimulus of Rs 2-3 lakh crore will be 2 pc of GDP

The NDa government has indicated that is is planning to raise Rs 2-3 lakh crore through various routes to kickstart public investment and spur growth

Forget Delhi polls: Modi-Jaitley must focus exclusively on 3R's — reform, reform, reform

The global economy is down and the US is the only growth engine left. But it is not strong enough to pull all economies out of slowdown as China is slowing. India's revival will depend entirely on domestic reforms and investment

Don't tax the tax-paying rich even more; find more bakras

Taxing the rich or super rich who are already paying taxes is not the best way to raise more resources. It's better find more rich people who currently don't pay tax

Budget 2013: FM promises to make equity scheme RGESS attractive

Concerned over the reluctance of savers to park surplus funds in financial instruments, Finance<br /><br /> Minister P Chidambaram today said he would modify the Rajiv Gandhi Equity Savings Scheme (RGESS)

Mr FM, tax relief for P-notes is akin to aiding black money

If P-notes are not taxed, it is tantamount to winking at black money. In fact, there is a good case to tax FIIs too on short-term capital gains.

Video: Dissecting Budget 2012 with Firstpost

The Budget contained proposals to increase revenues, but spoke very little about curtailing expenditures.

Vodafone to examine Budget's tax fine print

After losing its case in the Vodafone-Hutchison case in the Supreme Court in January, the government has decided to fight back by bring in an amendment, which will be applicable on a retrospective basis.

Budget 2012: Everything retail investors need to know

Budget 2012 was nothing to write home about, overall. But it did offer individuals and retail investors some reason to smile with the cut in STT and hike in income tax limit.

Budget 2012: FM slams the door on investors

The only demand by the investing community of removal of the Securities Transaction Tax, which is the tax on trading stocks) has not been met be the finance minister.

P or C? The markets preferred Chidu's budgets to Pranab's

The share market's response to its budgets has been anything but encouraging.

'With slowing GDP, 2012 won't be a smooth year for mkts'

Slow GDP and poor earnings will weigh on the markets, which will see a 'see-saw' change this year.

Will it, won't it? Nifty on the cusp of a pre-budget rally

The NIfty closed above 5,200 on Friday. If it crosses 5,280, we could see a decent rally in the index before the budget.

Why Union Budget 2013 could be Chidambaram's easiest

There is a time for dour defence, and there is a time to go over the top. A place in history awaits Chidambaram.

Raise LPG cylinder cap, reduce tax: Cong's budget wishlist to Chidambaram

Briefing the leaders, Chidambaram told the leaders that the Indian economy was undergoing a difficult period and the global recession has impacted the growth rate.

Pranab's real message to taxpayers: we don't trust you

The measures to track tax avoidance introduced by the recent budget essentially means the government is going to get nastier with taxpayers.

FM's fiscal number is bull; UPA's options are now lose-lose

The FM's fiscal deficit is a piece of fiction, even if he raises oil prices. The UPA is in a lose-lose situation no matter what the FM does this year.

Budget 2012 is not good news for entrepreneurs

There is a Budget proposal to tax at 30 percent any investment received by closely held companies where the aggregate investment exceeds the fair market value of shares.

Indian budget lacks 'game changing reforms': US industry

The US India Business Council (USIBC), in an unusual short reaction, called Union Finance Minister Pranab Mukherjee's Union Budget "measured but without game-changing reforms".

Budget 2012: Why it's difficult to believe the FM this time

This was that kind of budget, bewilderingly muddled about what it wanted to achieve.

The day after: Pranab's Budget seen as a flop, a missed chance

The verdict is in on Pranab Mukherjee's budget, and it's not good.

The end of budget as defining document

The budget this year has been reduced to an accounting statement with no roadmaps on how it is going to achieve its various goals, says Raghav Bahl.

Video: What Budget 2012 means for markets

The markets did not expect much from the Union Budget and the Budget did not give much to the markets either. In that sense, it met market expectations.

Why I hate budget speeches

The minister drones on and on to make a point I don't understand. He throws in a bit of shayari or an extract from Shakespeare to lighten matters. But it hardly helps.

Budget 2012: Big funds to Metro rail projects

A major chunk of the funds will be invested in Metro Rail Corporations of Delhi, Bangalore, Kolkata, Chennai, Mumbai, Jaipur and Kochi.