Top on the wishlist will be capital infusion in public sector banks in the form of tier 1 capital, which will be a positive move given the under capitalisation in most of the public sector banks.
Forget economic reforms, the government might not even be able to substantially slash its fiscal deficit too.
The cement industry is currently facing a double whammy due to the hike in freight rates and the possibility of an excise duty hike. Any favorable move for the industry will send cement stocks soaring
While vital decisions like FDI in retail, NCTC and insurance reforms are the top issues likely to be discussed this session, a new tormentor has popped up in the form of "federalism" to confront the Congress.
Trivedi is expected to make a special mention of the need for improving connectivity in North-East with the announcement a few trains and new rail line in the region as "socially and economically desirable."
Given the ballooning fiscal deficit, it looks almost inevitable that taxes will be raised to boost government revenues in the new financial year. Tax hikes, however, carry the risk of slowing economic growth even further.
Minister of State for Legislative Affairs Pradipsinh Jadeja moved a motion that Gohil, leader of opposition in Gujarat assembly, be suspended till he apologises to the House for his alleged remarks made two days ago in the state assembly.
Maruti Suzuki, the country's largest car maker, could be one of the worst affected as it derives about 30 percent of its revenues from diesel vehicles.
An attempt at fiscal consolidation might lead to a lower fiscal deficit estimate for the new year, but the key question is, can that target be maintained?
Software icon N R Narayana Murthy is looking forward to the budget turbo-charging the economy and generating more jobs
Realty players wants industry status for real estate, since the sector is a major driver for economic growth and generates countless jobs across its various verticals and associated industries.
"There is a consensus among the members that annual tax exemption limit be raised to Rs 3 lakh," sources said after the meeting of the Parliamentary Standing Committee on Finance.
While PC peripherals like keyboards attract zero import duty, keyboard components keypads, polycarbonate, paints and plastic attracts customs duty of 10 percent which discourages local manufacturing and hence should be corrected.
Commerce Secretary Rahul Khullar has recently said that the country's exports are going to face difficulties during the coming months due to the global economic uncertainties.
In view of the economy's deteriorating health, Prime Minister's Economic Advisory Council has suggested that excise and service tax rates be brought to pre-crisis levels.
The excise collection jumped 6.8 percent to Rs 1.17 lakh crore.The total mop up from customs duty rose 12.7 percent to Rs 1.24 lakh crore during the 10-month period.
Exemption from filing will be permitted only if the person has received a certificate of tax deduction in Form 16 from his or her employer.
The proposal to levy wealth tax on deposits in foreign banks is part of the Direct Taxes Code (DTC) bill which is being scrutinised by a Parliamentary panel.
The finance ministry has agreed to consider a proposal to lower the lock-in period for bank deposits eligible for tax rebate to three years from five years
After Indian tax authorities lost their tax dispute with Vodafone, it looks like the Parliament's Standing Committee on Finance is genuinely concerned about protecting the interests of investors
Under DTC, the income of non-profit organisations are proposed to be exempt.
The government is likely to impose 10 to 12 percent duty on imported power gears in the Budget for the next fiscal.
Far from chasing the illegal money held abroad, the next budget may offer an amnesty scheme to bring back some of the wealth.
BJP leader Yashwant Sinha-headed parliamentary standing committee on finance will meet today to finalise its report on the Code Bill.
The PMO has written to various ministries and departments asking them to furnish notes on the controversial issues that could be raised by opposition in Parliament.