Commitment to simplify laws, ease administrative processes and move up on the parameters of 'ease of doing business' are not quantified by the markets but do benefit over long term...Read more
India Infoline News Service | Mumbai February 28, 2015 14:17 IST
Though the Union Budget is essentially a Statement of Account of public finances, it has historically become a significant opportunity to indicate the direction and the pace of India’s economic policy, said FM Read More
Union Budget 2015-16: Balancing ActThe finance minister has delivered a practical budget that addresses many crucial areas topping the government agenda. The Budget would please rating agencies given its visibly significant control over the twin deficits and inflation with growth targeted at 8-8.5%. The GAAR applicability deferment by two years and the commitment to prospective taxation would certainly win the confidence of foreign investors.Read more
Union Budget Preview 2015-16: Laying the CornerstoneThe Union Budget 2016 would be a growth enabler, as well as one that adheres to the path of fiscal consolidation. We believe the Finance Minister will be in a position to balance both objectives of spurring growth and fiscal consolidation, by budgeting for higher divestment of holdings in listed companies, telecom and coal auctions to increase revenue and partly curtailing non-Plan expenditure. ... Read more
Agricultural income under stress, increasing investment in infrastructure, decline in manufacturing, resource crunch in view of higher devol... Read more
Financial savings have much better incremental capital output ratio than money that goes into gold and real estate, Sankaran Naren says... Read more
The roundtable discussion included BMR chairman Mukesh Butani, Shriram Capital’s chairman Arun Duggal, Phillips India MD Krishna Kumar and... Read more
It is just the perfect Budget that the Indian economy needed to achieve sustainable growth... Read more
- I had expected him to reduce taxes more for the 30% segment. Very unfair.
- 80,000 secondary schools to get upgrade. Positive for Educomp.. This will benfit the Bschool sectors but the question arise will there be governmental school build up at higher level for the rural or no urban areas
- GST to bring greater transparency and tax inflows. The tax problem is a issue in India not for the richer people as money goes and come but for the poor people money goes but difficult to come. Tax plan should be in such a way that there is a no harm financially to the poverty line people who working hard for bread of their life
- Public dept mngmt office to be set up this year . not just setting departments but also making it work ethically, efficiently and effectively is a bigger challenge in India
- will efforts be taken in providing education fracility and job opportunities for the rural areas and backwards areas residing in corners of India
- Focus has been towards the hinterland of India – agriculture, rural and overall infrastructure. Rationalisation of excise and service tax is a step towards migration to GST. Promised reduction in corporate taxes and deferment of GAAR are positives for the market. Higher Focus on the rural economy would aid rural consumption in the long run.
- Though the previous FY17 fiscal deficit target of 3% has been rolled over to FY18, the budget has laid roadmap towards growth, lot depends on execution now
- NCC, J Kumar , Simplex Infra and KNR Construction as well as developers like Sadbhav Engineering and Ashoka Buildcon will be key beneficiaries because of construction push
- big disappointment was the paltry allocation to the re-capitalization of public sector banks – which is deemed necessary to break the logjam that currently exists in that space. Last year only Rs 120 billion was allocated for this purpose, which was clearly deemed insufficient. Expectations of a much higher allocation this year were belied with only Rs 80 billion being allocated.
- A key shortcoming of previous Budgets has been a significant overestimation of tax revenues. It was clear at the time of the Budget that either nominal GDP or assumption of tax buoyancy were ambitious, and therefore if they did not pan out, something else (read capex would need to give). Therefore, the revenue assumptions of this Budget were always going to be closely watched.
Economic Survey 2014-15
A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2014–15 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session..Read more
All About The Budget - The Union Budget this time makes a good attempt to guide the economy in the right direction: it raised outlay on infra spend by 33% including on roads, railways and rural infra, made minimal increase in tax rates and yet targets to lower the fiscal deficit (FD) to 3.9% of GDP in FY16. Read the complete details of Union Budget FY16 here...Read more
May All Be Happy, said FM after the budget. Are you happy with this budget?
AD-VALOREM DUTIES These are the duties determined as a certain percentage of price of the product.
AD-VALOREM DUTIES It is a statement of receipts and expenditure of states for the financial year, presented to Parliament by the government. It is divided into three parts: Consolidated Fund, Contingency Fund and Public Account.