Budget News - Page 30

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.

Rail fares are already low, no possibility of cut in Budget: MoS Railways

Just a week ahead of the rail budget, the government has ruled out the possibility of reducing train fares

Budget 2015: IESA urges government to set up Electronics Commission

The Commission should make all efforts to encourage the growth of the ESDM sector in the country and will ensure that the country will play an important role in the emerging world information society.

Budget 2015: NASSCOM seeks clarity in several long pending issues

The IT industry body has asked the government to address regulatory and tax challenges for technology startups and SMEs, like difficulties in access to funding for low asset based firms...

Tax holiday for integrated dairy projects: What Devendra Shah, head of Parag Milk Foods, wants from Budget 2015

Devendra Shah, Chairman of Parag Milk Foods Pvt Ltd, India’s largest private dairy, feels that in Budget 2015 a few sectors such as food, pharma, capital goods and infrastructure will get a push.

Service tax norms taking toll on engineering consulting firms: Gadkari to Jaitley

Delayed payment of service tax further attracts huge interest at the rate of 18 percent and for delayed payment beyond six months, interest rate increases to 24 percent and beyond 12 months to 30 percent, the letter said.

Increase spending on education: What KVS Seshasai, CEO of Zee Learn, wants from Budget 2015

The sector is in need of policy reforms, Seshasai said.

YouTube to host first post-budget interviews of Jaitley, Prabhu

With Prime Minister Narendra Modi's emphasis on utilising social media to reach out to people, the first interviews of the Finance Minister and Railway Minister, after they present their respective budgets.

Budget Session: Speaker calls meeting of leaders on 22 February

Lok Sabha Speaker Sumitra Mahajan has called a meeting of leaders of political parties on 22 February to ensure smooth run of the Budget Session

Budget expectations: Accelerate reform process, says Sanjay Rohatgi of Symantec

Sanjay Rohatgi, President of Symantec India, a Fortune 500 company, operating global data-intelligence networks, providing security, backup and availability solutions, tells Firstpost what he expects from the upcoming Budget which will be presented by Finance Minsiter Arun Jaitley on 28 February:

India to unveil more reforms in 2015 budget to woo foreign investment: Swaraj

The new Indian government will unveil more reforms in the coming days, including in the budget this month to woo foreign investment, Sushma Swaraj said in a speech in a Muscat.

Coal auctions to ensure cheaper power instead of state-offered subsidy, says Jaitley

The present government is focusing more on solar and wind energy and the finance minister is likely to announce some tax incentives for the sector in his forthcoming Budget.

Fertiliser industry approaches FM, seeks funds to clear subsidy payment

Faced with liquidity crunch, fertiliser industry body FAI has written to FM seeking arrangement of funds to clear outstanding subsidy arrears

Manufacturing boost: Jaitley may address inverted duty structure

Inverted duty structure refers to taxation of inputs at higher rates than finished products that results in build-up of credits and cascading costs.

Deutsche Bank says MFs to fill FII vacuum, predicts record rally before Budget

Nullifying any fear of outflow of foreign funds from the country, Deutsche Bank CEO Ravneet Gill said that the prevailing global economic conditions coupled with a business-friendly leadership will help the country to ward off any negative impact on its finances.