MFs feared the budget proposal will hurt them as majority of assets under management comes under the debt category
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
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 />
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
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
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.
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
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
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
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)
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.
The Budget contained proposals to increase revenues, but spoke very little about curtailing expenditures.
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 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.
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.
The share market's response to its budgets has been anything but encouraging.
Slow GDP and poor earnings will weigh on the markets, which will see a 'see-saw' change this year.
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.
There is a time for dour defence, and there is a time to go over the top. A place in history awaits 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.
The measures to track tax avoidance introduced by the recent budget essentially means the government is going to get nastier with taxpayers.
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.
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.
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".
This was that kind of budget, bewilderingly muddled about what it wanted to achieve.
The verdict is in on Pranab Mukherjee's budget, and it's not good.
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.
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.
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.
A major chunk of the funds will be invested in Metro Rail Corporations of Delhi, Bangalore, Kolkata, Chennai, Mumbai, Jaipur and Kochi.