Here is what experts ranging from macroeconomic, infrastructure to banking sector have to say on Budget 2016
Out of Pocket expenses figures by World Bank for India stand much higher at 86 per cent for the year 2012.
While maintaining the existing deductions, it might be beneficial to provide tax incentives for transformational R&D efforts
In spite of the likely improved tax administration, the tax payers have significant expectations from this year’s Budget
Rural roads can actually be linked with the agricultural sector as the last mile connectivity of farmers to the mandi is hindered by the absence of such roads
Although there is a higher limit of deduction for senior citizens for medical insurance but for the day to day medical needs there is no deduction
Assocham has asked the government to increase the personal income tax exemption limit in budget to Rs 4 lakh from Rs 2.5 lakh for all individual taxpayers.
Politburo member Brinda Karat today said the 2016-17 Budget should have more allocations after one year of "crime" against people by cutting allocations for welfare schemes.
The Jamaat-e-Islami Hind (JIH) has made some suggestions related to social sector, rural development and interest-free farm credit for inclusion in the Budget for 2016-17.
The Indian Council of Medical Research (ICMR) today said a large number of biomedical research projects being undertaken by 32 scientific organizations across the country have been stuck due to resource crunch.
HelpAge India also demanded that Central allocation for old age pension be increased to Rs 500 per month per person for those between 60-79 years and Rs 1,000 per month for those over the age of 80 years.
With Centre's pre-budget consultations getting underway, CPI today demanded "substantial" increase in allocations for social sector schemes in light of "unprecedented inequalities" caused by pursuit of neo-liberal economic policies in the country.
An apex body of the healthcare sector today urged the government to exempt healthcare services from Goods and Services Tax (GST), increase tax exemption on preventive health checkup and set up healthcare infrastructure medical innovation funds.
Trade unions today asked government to increase tax exemption limit to Rs 5 lakh, raise minimum pension to Rs 3,000 and a minimum wage of Rs 18,000, as Finance Minister Arun Jaitley underlined the need for providing social security to unorganised sector workers.