Budget News - Page 29

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.

Budget 2015: Here's how FM Jaitley can get his fund allocation right
There’s a pressing need to plug the huge infrastructure gap the country faces and it is infrastructure which is going to give the growth engine a big shove.

Budget 2015: Markets to trade as usual on Budget day
Capital markets regulator Sebi today asked the stock exchanges including, the BSE and the NSE, to keep the markets open on Budget day, following requests made in this regard.

Budget 2015: First assess the progress of Rs 100 cr projects announced in Budget 2014
In previous budget, a number of new projects were piloted with an allocation of Rs 100 crore. The 2015 budget needs to assess the progress of these projects and provide appropriate allocations to take them forward...

Budget 2015: Hike exemption limit in PF, PPF, says an entrepreneur
In the last Budget, the government had increased the slab by Rs 50,000 from the existing Rs 1 lakh bringing cheers to many but still it isn't sufficient.

FM should focus on growth, not worry about deficit targets: Bimal Jalan
Bimal Jalan: Don't be so dogmatic about trimming the fiscal deficit that you crimp economic growth.

Budget 2015: What Microsoft, Cisco, Dell, AMD want from Jaitley
The first full budget of the Modi government will be out on February 28. Here’s what India heads of IT giants such as Microsoft, Cisco, Dell, and AMD expect from Union Finance Minister Arun Jaitley's upcoming Budget.

'FM will have to take concrete steps to implement GST'
According to Lakshminarayanan, partner, Deloitte Haskins & Sells, first and foremost the govenrment will have to pass the Constitution Amendament Bill in Parliament

Budget 2015: Raise tax exemption limit to Rs 3 lakh, says advertising professional
For advertising professionals Srijoyee Ghosh and Sanhita Ghosh in Bengaluru routine expenses eat into much of their salaries.

Budget 2015 should have roadmap for India, says Sushil Muhnot, CMD of Bank of Maharashtra
If the government manages to encourage individuals to invest in financial assets, this money can be, in turn, channelized to fill the investment gap in infrastructure sector, Muhnot said.

Budget 2015: For economy to grow at 7.5%, financial sector should grow 20%, says E&Y's Abizer Diwanji
Boosting financial services sector is critical to ensure sustainable growth of the economy and the budget needs to incentivize the growth of the financial services sector, says Abizer Diwanji, Head of financial services, at EY.

Budget 2015: Reconsider increase in excise duty sops, urges Anirudh Dhoot, Director, Videocon
The government’s decision not to extend excise duty concession has come as a setback to the consumer durable industry, says Anirudh Dhoot, Director, Videocon.

Union Budget 2015: Did you know it all begins with halwa?
Before the Finance minister of the country presents the budget to Parliament on the last day of February, a lot of hard work goes on behind the locked doors of the Ministry of Finance in North Block. Here’s what you might have missed on the budget preparation process.

Salaried class wants IT exemption limit to be Rs 3 lakh: Assocham
The survey was able to target employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 percent).

Photo of the day: FM stirs new Budget recipe
Finance Minister Arun Jaitley participating in the Halwa Ceremony to celebrate printing of Budget document.

FM makes 'Halwa' to celebrate printing of budget document
The process of printing documents for the Budget 2015-16 began today with the ritual 'halwa ceremony', which was attended by Finance Minister Arun Jaitley in the North Block office.