Entry tickets to museums, zoo and tiger reserves would become cheaper, while business class air travel, investment in MFs and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from tomorrow.
As it is, all industrial units set up across the country post 2005 as well as fresh investments made in existing factories post 2005 qualify for an additional depreciation of 20% in the year of investment but industrial units set up in backward regions of these two states between April 2015 and April 2020 would be eligible for a 35% additional depreciation.
The Nifty was also a life time high as markets cheered the RBI's decision to cut monetary rates, a decision that it sees as a boost for industrial growth.
Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs.
With the Finance Minister Arun Jaitley attempting to discourage cash transactions, you may soon have to pay by card if you have incurred bill of over Rs 5,000 while eating out at a four or five star hotel.
The moot question is what does the exemption to yoga portend and take within its sweep? Standalone yoga activities would definitely enjoy this exemption without any doubt. But would profit from sale of ayurvedic products often forming an adjunct of yoga activities as is the case with Ramdev’s Pathanjali Yoga organization also make the grade for exemption?
The new set-up will help the RBI escape from the mud-slinging from the finance ministry every time there is rate hike, but will also reduce its powers
The views correspond with those of analysts who lauded the budget for seeking to spark an investment-led boom but lamented the lack of structural reform, with the government leaving major welfare schemes untouched and cutting fuel subsidies only because of a drop in international oil prices.
If the government has to succeed in meeting at least 60 percent of the target, it has to keep the FIIs in good stead
Stimulus and reforms don't go together. Let's see if Jaitley and the Modi government are able to prove that wrong. Only time will tell. But with 282 members in the Lok Sabha, Jaitley should have kept his promise to bring down the fiscal deficit on 28/2.
The Elephanta Caves near the city is set to get a much needed facelift thanks to the Union Budget.
The 30-share index rose further by 209 points, or 0.71 per cent, to 29,570.50.
The finance minister Arun Jaitley during the course of his budget speech today remarked: “After taking into account the tax concession given to middle class tax payers in my last Budget and this Budget, today an individual tax payer will get tax benefit of Rs 4,44,200.”
The two unexpected game-changers in Budget 2015-16 are in the financial sector: the move to legislate the Indian Financial Code will put the domestic consumer at the centre of finance; the other, GIFT, will make Gujarat an offshore financial centre.
The budget fails to address the urgent requirements in the healthcare sector
The FM has taken heed of the global slowdown and the inherent opportunity and risk that lie there
The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean"
Despite no apparent mention of income tax incentive for the common man, finance minister Arun Jaitley provided certain reliefs in Budget, that will allow the aam aadmi to save more.
The Budget may have plenty of positives from a 12-month perspective, but it will no longer be a talking point for the market beyond the next couple of weeks
Finance Minister Arun Jaitley’s Budget 2015-16 delivers a raw deal to the agriculture sector, seems to be the consensus view among bodies representing farmers.