Budget News - Page 28

Budget 2015: Road Min seeks Rs 50,000 cr to fast-track highway projects

Citing the need to fast-track highways development and meet the ambitious plan of building 30 kms of roads a day, the Road Transport and Highways Ministry sought the doubling of its budgetary allocation to Rs 50,000 crore.

Budget 2015: Reduce export duty on iron ore pellets, says FIMI

Miners' body Federation of Indian Mineral Industries (FIMI) has sought bringing down export duty on low-grade iron ore and pellets to nil in Budget 2015

Budget 2015: Foreign cos may to be allowed to claim deduction on dividend tax

Govt is contemplating tweaking tax laws to allow foreign firms to claim deduction in home countries for the dividend tax paid by subsidiaries in Budget 2015

Budget 2015: FM to clarify on applicability of MAT on foreign portfolio investors

FM Arun Jaitley is likely to clear the air about applicability of Minimum Alternate Tax (MAT) on Foreign Portfolio Investors (FPIs) in the Budget 2015

Budget 2015: Consumer durables industry seeks excise duty cut

Industry body CEAMA has sought reduction in excise duty on consumer durables in the Budget 2015 to help the sector combat demand slowdown.

Budget 2015: Commerce ministry seeks Rs 100 cr to set up Project Development Fund

Federation of Indian Export Organisations too said that the Project Development Fund would push India’s project exports, helping both the merchandise and services sector.

Budget 2015: Jaitley may seek to re-introduce customs duty on crude oil

Given that there is no customs duty on imported crude oil, the CST levy places domestic producers at a significant disadvantage vis-à-vis imported crude, government sources said.

Budget 2015: A 6-point agenda for Modi to make education accessible and affordable

Key policy reforms and sound policy initiatives to stimulate growth and sector-specific reforms for the education sector are in anticipation

Union Budget 2015: FM to set limit for taxing indirect share transfer by MNCs

Government is likely to define in the forthcoming budget the term 'substantial value' to tax MNCs for selling Indian operations by fixing 50 percent of their total asset base as the threshold.

Budget 2015: Why Jaitley shouldn't increase public spending until fiscal deficit is in control

The mainstream view now seems to be getting around to the idea that the government should forget about the fiscal deficit, during the next financial year and spend more money, in the hope of creating more economic growth.

Budget 2015: What steps will the FM take to tackle malnourishment in children?

In the Budget 2015, Will the FM take steps to address the malnourished children problem.

What WPI deflation means for Budget 2015: Jaitley must go full-tilt for growth

The negative trend in the WPI tells us that growth is the real challenge facing us now, and not inflation. Jaitley must thus address this issue, and not put fiscal deficit at the top of his agenda. That way lies disaster

Budget 2015: 9 things FM Jaitley should do to help the taxpayer save more

As this Budget will be the first full-fledged budget by the new government, the expectations all around are high

Will Budget 2015 boost manufacturing? Here's what India Inc wants

The Budget 2015 is just a few days away and India Inc has a long wish-list . CNBC-TV18 in its special show Budget 2015: The Make In India Budget spells out the wishes and misses of India Inc.

GST from 1 April, 2016: What Adi Godrej wants from Budget 2015

Firstpost catches up with industrialists to assess what they'd like to hear from the Finance Minister in Budget 2015.

Budget 2015: Renewable energy ministry seeks incentives for solar sector

The renewable energy ministry has sought incentives such as excise duty exemption and 10-year tax holiday in the forthcoming budget 2015 to give a boost to the solar energy sector.

Budget 2015: Tax incentives likely for investments in Swachh Bharat, Clean Ganga

Finance Minister Arun Jaitley is likely to provide tax incentives in Budget to encourage companies to participate in Swachh Bharat Abhiyan and Clean Ganga campaign as part of mandatory two per cent CSR spending.

Budget 2015: FM may cut social spending allocation to give states more say in them

Finance Minister in Budget 2015 is expected to incorporate Finance Commission's recommendations and cut government allocation for social sector spending by 25-30 percent.

Why Budget 2015 will be different: it may push fiscal federalism harder

The forthcoming budget should make a clear break from the past by actually shifting more resources and economic power to the states. Over time, this should shrink the relative share of the Central pie relative to states.

Budget 2015: Industry hopes for clear GST roadmap but politics may be a stumbling block

The implementation of GST may get delayed, if the passing of the Constitution Amendment bill in the budget session hits a roadblock

Budget 2015: Give boost to realty by tax sops for affordable housing, hike in I-T exemption

JDA is gaining prominence as a mode of transaction in the sector since it does not involve immediate cash outflow to the developer, says Neeraj Bansal, Partner and head of real estate practice, KPMG in India.

Budget 2015: Electronics dept seeks steps to revive Nokia plant

the electronics department has suggested to Finance Minister Arun Jaitley that some measures be taken to revive the Nokia plant in Chennai.

Budget 2015: Three graphics that explain FM Jaitley's task on deficits

A higher fiscal deficit means the government will borrow more from the market through issuance of government securities.

Budget 2015: Govt may relax LTC norms in Budget to boost tourism

The LTC/LTA is available to the individual and his family including spouse, two children, parents, brothers and sisters, who are wholly dependent on the assessee.

Budget 2015: Realtors seek tax sops, lower interest rates to revive demand

The real estate industry has sought more tax incentives and lower interest rates for the home buyers in the upcoming Budget to revive demand.

Budget 2015: Give more funds to arts and humanities sector, says Suweksha Gupta

College student Suweksha Gupta wants the next Budget to do away with this imbalance and favours adequate budgetary allocation for educational institutions dealing with arts and humanities.

Budget 2015: Food and fuel subsidy bill may be cut by 20%

India may slash its food and fuel subsidy bill by 20 percent, or about $8 billion, in the annual budget to be presented next week, two government sources said.

Budget 2015: Aptech bats for credit guarantee fund in education sector

For rural students, banks should offer loans at concessional rate and with 100% guarantee from the trust. Also, in case of default, the trust will need to pay 75% of the loan to banks.

Budget 2015: Make in India is still a hurdle, says Harkirat Singh of Woodland

Harkirat Singh, Managing Director of Woodland wants manufacturing to be given recognised status. Here's what else he's hoping for.