Budget News - Page 26

Not good enough: Subsidy cuts in Budget 2015 may disappoint investors

India may slash its food and fuel subsidy bill by about $8 billion in the budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi's first full budget.

Inheritance tax no good, instead change culture of saving too much for children, says Rajan

His views come amidst some voices seeking an inheritance tax in the forthcoming Budget

Modi govt braces for tough Budget Session, 44 bills on the agenda

An official release said that the financial business (11 items) include presentation of and discussion on general and railway budget, voting on demands for grants, supplementary demands for grants for 2014-15 and excess demands, if any, for 2013-14. The rail budget will be presented Feb 26, Economic Survey Feb 27 and general budget Feb 28.

PM Modi faces torrid Budget Session, he needs backup plans to get laws through

With the opposition spoiling for a fight, the Modi government has a tough fight on its hands to get its various ordinances through. To negotiate this opposition, it will need to be both smart and flexible. It needs a Plan B and a Plan C.

Budget 2015: A make or break for investor confidence; Modi walking tight rope

The momentum of high investor optimism has indeed taken a pause, and is, probably, waiting for strong cues from the budget

Disinvest companies like LIC, Air India before nobody wants them: Deepak Parekh

Parekh also hoped the first full Budget of the Narendra Modi government would focus on reforms without much populism, and pitched for incentives for companies to launch new projects and give a boost to the 'Make in India' campaign.

Budget 2015: Govt may announce incentive package for medical services sector

The government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers.

Rajan’s lone voice against ills of 'Appellate Raj' deserves to be heard

Rajan’s comments on the risks of moving to “Appellate Raj” should be heard by the government and FSLRC with due seriousness in the interest of the banking system. After all, banks are the guardians of public money.

Budget 2015: Centre to introduce draft Bill on Small Factories Act

The NDA government is all set to move amendment proposals to Child Labour (Prohibition and Regulation) Bill and Factories Act, 1948

Budget 2015: Govt may cut plan outlay for electronic dept to Rs 2,500 cr

The government may reduce the plan outlay for Department of Electronics and IT (DeitY) to about Rs 2,500 crorein Budget 2015

Budget 2015: Expectations, lead FPIs to stage a come back

FPIs became net buyers in the Indian equities market for the week ended 20 February on the back of high expectations from the Budget 2015

Govt to bring amendments to Arbitration Act in Budget Session: Gowda

Law Minister DV Sadananda Gowda on Tuesday said the Centre will introduce amendments to Arbitration and Conciliation Act 1996 in the coming budget session of Parliament to make the country investor-friendly.

Budget should increase tax benefits for small investments: Governor Rajan

For increasing the saving rate, which has dipped to 30 percent, Rajan also advocated for increasing the tax benefit for small investments in financial instruments like PPF, PF, insurance policies etc under Sec 80C.

Why Arun Jaitley should not develop a fiscal deficit obsession in budget 2015-16

Europe and Japan have followed the US in easing up monetary policy while trying to run a tighter fiscal ship. It has resulted in less growth and more asset inflation. India should avoid the same trap.

Govt will simplify tax structure in Budget 2015, says chief economic adviser

India Inc. wants the finance minister to cut corporate taxes and restrict the minimum alternate tax to 10 percent to boost manufacturing.

Arun Jaitley should practice the saffron KISS on Union Budget 2015-16

Indian budgets have never innovated much - not in terms of tax proposals, but in terms of the budget-making process itself - since colonial times. Shouldn't Jaitley be changing all that?

Budget 2015: Jaitley hints at not raising tax rates, sops for manufacturing

While referring to various revenue sources for the government including divestment, dividend and spectrum sale, the finance minister said as economic activity picks up, the government's capacity to raise revenue will also increase.

Budget 2015: Dear Jaitley, salaried class deserves exclusive tax benefits

The income-tax law indeed is caught in a time warp especially for the salaried class

Budget 2015: Finance Ministry may hike lock-in period for PPF

The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.

Budget 2015: FY16 divestment aim may be around Rs 43,000 cr

Finance Minister Arun Jaitley, in the Budget 2015, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.

Subsidy reforms to GAAR: What investors expect from Arun Jaitley in Budget 2015

The 2015/16 budget is billed as a "make-or-break" event for Prime Minister Narendra Modi's eight-month-old government.

Budget 2015: Government may cut duty for iron ore exports from Goa

Centre may soon announce a special package for miners in Goa by pruning duty on exports of the steel-making raw material from 30 percent.

Budget 2015: Bill to amend EPF Act likely in session

The government is likely to introduce a bill to amend the EPF & MP Act in the budget session of Parliament with the objective of bringing more workers under the social security benefit among other things.

Budget 2015: CII seeks cut in Minimum Alternate Tax to 10%

CII sought a reduction in Minimum Alternate Tax (MAT) on special economic zones at 10 percent in the upcoming Budget to boost investments.

Budget 2015: Govt may consider reducing gold import duty by 2-4%

The government may consider 2-4 percent reduction in gold import duty in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery

PM seeks CMs' views on Budget 2015 at NITI Aayog meet

At the first meeting of Governing Council of NITI Aayog on 9 February, Prime Minister Narendra Modi will seek views of Chief Ministers and Lt Governors on Budget 2015-16

Auto makers wants excise duty reduction in Budget 2015

Automobile industry body SIAM wants Finance Minister Arun Jaitley to reduce excise duty on automobiles in the upcoming Budget to help the sector combat demand slowdown.

Rail Budget 2015 to focus on inter-city AC rakes for daily commuters

Introduction of AC rakes in the inter-city services to make the journey more comfortable will also be proposed in the Rail Budget 2015-16.

Budget 2015: Tyre makers seek doubling of import duty

Indian manufacturers have asked the government to double import duty on tyres to 20 percent in the Budget to bring it at par with natural rubber in order to provide a level-playing field to the domestic industry.