Economic Times - Mar 2, 2015 Finance Minister Arun Jaitley's second Budget proved to be a mixed bag for taxpayers. The announcements about a few deductions and new schemes were matched by the rise in some other taxes. So while some of the taxpayers' expectations were met, ...
Business Standard - Mar 1, 2015 The Finance Minister (FM) presented the Budget proposals with a plethora of initiatives to improve investor sentiment and revive economic growth. This has been reflected in the direct tax proposals presented, with promises for further benefits in the future.
Reuters - Mar 2, 2015 MUMBAI (Reuters) - India's new budget is unlikely to have an impact on the country's sovereign credit given the absence of meaningful fiscal reform, credit-rating firms said on Monday, with Standard & Poor's ruling out a rating upgrade for at least a year.
Livemint - Mar 1, 2015 There were several announcements that will affect your financial life in 2015-16 and beyond. In this edition, we take you through what the budget means for your money. Many proposals are intended to push household financial savings which, to an extent, will ...
Economic Times - Feb 28, 2015 MUMBAI: The Indian markets turned volatile after the Union Budget was tabled in the parliament. Traders are seen pressing sales even as the Budget is being hailed as pro-poor and pro-growth at the same time. At 02:00 p.m.; the S&P BSE Sensex is at ...
Business Today - Feb 28, 2015 Union Budget 2015: Impact of indirect tax changes on individual consumers. Deloitte Last Updated: February 28, 2015 | 22:18 IST. Impact from indirect tax on individual consumers. (Photo: Associated Press) ...
Livemint - Feb 28, 2015 Mumbai: Indian bonds are vulnerable to mild falls on Monday after the government unveiled a Union Budget that seeks an additional year to meet its medium-term fiscal deficit target to give it time to focus on economic growth by ramping up investments.
Business Today - Feb 28, 2015 To reduce demand of overseas gold, Finance Minister Arun Jaitley has announced that government will launch a Gold Monetisation Scheme. In his Budget speech on Saturday, Jaitley said: "The new scheme will allow depositors of gold to earn interest in their ...
Business Today - Mar 2, 2015 Credit-rating firms said on Monday that the Union Budget 2015-16 is unlikely to have an impact on the country's sovereign credit given the absence of meaningful fiscal reform, with Standard & Poor's ruling out a rating upgrade for at least a year.
Business Today - Feb 28, 2015 "Correcting the inverted duty structure is a move in the right direction but its impact on the pharmaceutical industry will have to be seen," says D.G. Shah, Secretary General of the Indian Pharmaceutical Alliance (IPA), which has major Indian pharmaceutical companies as its members. ... Hits: Sangita Reddy, Joint Managing Director, Apollo Hospitals Enterprise, says that, while the percentage of budgetary allocation to health care has not increased, theBudget has enabled EPF funds to also go into health care. Also ...
Zigwheels.com - Feb 28, 2015 For the industry to realize sizeable growth in sales of electric vehicles or better infrastructure like charging stations, the investment allotted does not seem to be of much impact. It will however benefit the growth of small bicycle and electric two wheeler makers ...
Economic Times - Mar 1, 2015 The net impact of both — higher daily expenses and greater savings — is likely to squeeze consumers, leaving them with lesser discretionary spend. The 'save more spend less' message the Budget is sending out to middle-class India may be a dampener on ...
Hindu Business Line - Feb 28, 2015 Budget impact: The S&P BSE Sensex was trading down by nearly 0.4 per cent as there were no Big Bang announcements in Finance Minister Arun Jaitley's maiden Budget. FMCG, power, consumer durables and infrastructure stocks were the worst-hit post ...
The Hindu - Feb 27, 2015 12.33 p.m.: The Finance Minister tables the Union Budget, Statement of Receipts and Expenditure and the Finance Bill in Parliament after completing his speech. 12.32 p.m.: DTC - No merit in going ahead with Direct tax Code as it exists today. Net impact of ...
NDTV - Feb 27, 2015 Domestic research agency ICRA also expects upward revision in slabs for personal income tax to offset the impactof inflation and support consumption growth. (Current income tax slabs are Rs. 2.5 lakh to Rs. 5 lakh: 10 per cent; Rs. 5 lakh to Rs. 10 lakh: 20 ...
Moneycontrol.com - 11 hours ago Moody's said the Budget has prioritised growth over fiscal consolidation but it may not have any impact on the country's sovereign rating. "The dilution of an already modest deficit reduction plan underscores its view that India's structural constraints, such as a ...
Economic Times - Feb 28, 2015 NEW DELHI: Finance Minister Arun Jaitley in his Budget speech proposed rationalization of various tax exemptions and incentives to reduce tax disputes and improve tax administration. "With a view to encourage savings and to promote health care among ...
Business Standard - Feb 28, 2015 The government's target of 20 million houses in urban areas and 40 million in rural India by 2022 will also have a cascading impactfor realty companies, financiers (LIC Housing, HDFC, DHFL, Repco, Gruh Finance), steel companies (Tata Steel, JSW Steel, ...
Financial Express - Feb 28, 2015 However, the short term impact arising out of increase in surcharge and service tax are matter of concern. The move to encourage use of financial products and services among a larger proportion of the population as well as the efforts towards monetization of ...
Livemint - Feb 28, 2015 Jaitley also reduced the rates of basic customs duty on certain inputs, raw materials, intermediates and components to minimise the impact of duty inversion and reduce the manufacturing cost in several sectors. Some other changes address the problem of ...
Business Standard - Feb 28, 2015 Finance Minister Arun Jaitley during his Budget 2015 speech acknowledged the concerns of the $150 billion Indian IT industry. Even though he did not announce any big bang measures for the industry, experts said that the fine print of the budget has a few ...
Moneycontrol.com - Feb 28, 2015 Top News >>; Budget impact: Sensex, Nifty end firm; ITC & Bajaj Auto dip 4-5%, banks up · RBI should cut rates by 2% this yr; Rly focus exciting: DB · January core sector growth slows to 1.8% · Infosys inks 5-year deal with Dutch firm TNT · Road projects worth ...
Firstpost - Feb 28, 2015 It remains to be seen how reforms unfold and take shape in terms of GST implementation and TARC recommendations. Impact on prices would be interesting to watch with budget proposals withdrawing service tax exemptions on construction of airports and ...
Zee News - Mar 1, 2015 New Delhi: The hullabaloo about the much-awaited Union Budget 2015-16 is over! Though the FM tried to give relief to corporates in what his party described a ''growth-oriented budget'', he however stopped short of addressing the concerns of the tax payers, ...
International Business Times, India Edition - Feb 27, 2015 The demand for interest subsidy is apparently to offset the impact of high interest rate of 14 percent paid by Indian firms, as against 3 to 4 percent by their competitors in other countries. The report, quoting sources said that this would also enable to tap India's ...
IndianRetailer.com - 3 hours ago With positive consumer sentiments and softening inflation, budget announcements on GST, revision of excise/custom duty structure, fund allocations for Skill development and rural markets development would ensure long-term consumption boom for the ...
Jagran Post - Feb 28, 2015 New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Budgetraises tax deduction limit ...
Business Today - Feb 28, 2015 The Budget has proposed a fourfold hike in customs duty on commercial vehicles to 40 per cent. However, it will not impact Indian players, such as Tata Motors and Ashok Leyland. However, Volvo and Mercedes, manufacturers of the high-end hydraulic ...
International Business Times UK - Feb 28, 2015 It is imperative to nurture the savings mindset imbedded in households through gold accumulation, and then use it to enhance savings, putting it to work for the economy... "This announcement is set to have a healthy impact on India's gold sector, but this can ...
International Business Times UK - Feb 28, 2015 Indian shares were volatile on Saturday, 28 February, as the much-hyped Budget 2015-16 presented by Finance Minister Arun Jaitley failed to live up to expectations of investors in a big way while forex traders see the document as rupee-neutral. The main ... Zee News - Mar 2, 2015 Besides, Moody's said the credit impact of the Budget will depend on whether its implementation facilitates growth that is primarily driven by government expenditure or growth that sets the stage for higher savings, investment, productivity and profitability.
International Business Times UK - Feb 28, 2015 It is imperative to nurture the savings mindset imbedded in households through gold accumulation, and then use it to enhance savings, putting it to work for the economy... "This announcement is set to have a healthy impact on India's gold sector, but this can ...
International Business Times UK - Feb 28, 2015 Indian shares were volatile on Saturday, 28 February, as the much-hyped Budget 2015-16 presented by Finance Minister Arun Jaitley failed to live up to expectations of investors in a big way while forex traders see the document as rupee-neutral. The main ...
Times of India (blog) - 6 hours ago But the collective impact of hundreds of thousands of such micro-entrepreneurs will be huge. So, how does the Budget help stimulate entrepreneurship? A .`100-crore innovation fund, Self-Employment and Talent Utilisation (Setu) and a provision of .
Livemint - Feb 28, 2015 We at Muthoot Pappachan Group have already started to act in this direction with the Muthoot Gold Point initiative at the ground level in a transparent and professional manner that is beneficial to end consumers which in turn also has an impact at the macro ...
Livemint - Feb 28, 2015 ... to mention PAN," said Vanvari. With so many transactions soon needing PAN, maybe it's time for you to memorize this alpha-numeric series. While the additional surcharge may be applicable for the super-rich, more frequent use of PAN has a wider impact.
NDTV - Mar 1, 2015 While presenting the Budget for 2015-16 Mr Jaitley had said the economic growth would be over 8 per cent next fiscal year and double digit growth rate is feasible soon. Hence, he decided to delay to fiscal consolidation programme by a year to put in more ...
Firstpost - 6 hours ago Finance minister Arun Jaitley has, in his first full-year Budget, done reasonably good work, given the resource constraints he faces and multiple demands from various quarters he was hard-pressed to meet. It would be difficult to envisage what more could the ...
Livemint - Feb 27, 2015 New Delhi: Finance minister Arun Jaitley has proposed increasing the service tax rate and education cess to 14% from the current 12.36%, while presenting the government's full-year budget on Saturday. Jaitley said the government plans to introduce direct ...
Reuters - Mar 2, 2015 Credit rating agencies also issued a cautionary note on Monday, saying the budget was unlikely to impact the country's ratings given the absence of meaningful fiscal reforms. Although analysts broadly lauded the budget for seeking to spark an investment-led ...
Moneycontrol.com - Feb 27, 2015 The only key announcement made by the FM in his first full year Budget speech today was the proposal of AIIMS in five new states, three new National Institute of Pharmaceuticals Education and Research in Maharashtra, Rajasthan and Chattisgarh and one ...
IBNLive - Feb 28, 2015 New Delhi: Finance Minister Arun Jaitley on Saturday presented the first full-fledged Budget of the Narendra Modi government aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ...
Nasdaq - 2 hours ago The new budget aggressively addresses things like clean water, sanitation and roads which have a direct impact on the daily lives of citizens. There are currently tens of millions of Indians that live without access to clean drinking water, or for that matter, ...
Economic Times - Feb 28, 2015 I propose to reduce the rates of basic customs duty on certain inputs, raw materials, intermediates and components (in all 22 items) so as to minimise the impact of duty inversion and reduce the manufacturing cost in several sectors," said Jaitley.
CCTV-America - 14 hours ago It was a budget, which was watched closely. There were lots of expectations, especially to create jobs and take India on a high growth path. The Indian finance minister did not let people down by announcing a budget that addressed various concerns.
Zigwheels.com - Feb 28, 2015 Reactions are pouring in from automakers on the proposals made by Finance Minister, Arun Jaitley with respect to automotive industry. Here's a quick glance at these Executive responses –. Rakesh Srivastava, Sr. VP, Sales & Marketing, Hyundai Motor India ...
The Hindu - Feb 28, 2015 I reiterate what I had said in the last Budget that ordinarily retrospective tax provisions adversely impact the stability and predictability of the taxation regime and resort to such provisions shall be avoided. 115. Further, to reduce the associated hassles to ...
Deccan Chronicle - Feb 28, 2015 New Delhi: "India is over the days of incremental change and is waiting for a quantum jump," Finance Minister Arun Jaitley said at the beginning of his Budget speech on Saturday as he read out the government's first, full economic document that is being seen ...
Livemint - Feb 28, 2015 Mumbai: If the big idea of Budget 2014, announced on 10 July, was clearly start-ups, the Bharatiya Janata Party-led National Democratic Alliance government took it a step further by announcing on Saturday an allocation of Rs.1,000 crore to enable information technology (IT) start-ups create additional funding ... He added, though, that the "emphasis on speedy implementation of NOFN to provide connectivity to all villages would benefit the telecom sector as well as have a cascading impact on the economy".
Livemint - Mar 1, 2015 In a report, Deutsche Bank AG said on the revenue side, the phased cut in corporate income tax while eliminating exemptions starting from 2016-17 will have no revenue impact in 2015-16. R. Chandrasekaran, executive vice-chairman, Cognizant India, said ...
Economic Times - Mar 1, 2015 "The impact of this 'unofficial' supply of gold of about 180 tonnes is valued at about $10 billion, leading to a loss in foreign exchange inflow of a similar amount and a loss in revenue of over $ 1 billion on account of customs duty," he said. For more budget ...
Moneycontrol.com - 3 hours ago The FM has described this budget as laying down the road map for accelerating growth, enhancing investment and taking the benefit to the common man for improving quality of life through round-the-clock, round-the-year Government. In the first full Union Budget presented under Modi Government, the FM highlighted the ... allowed to approach the Settlement Commission. The offence will also be covered in other laws so as to have a larger impactincluding confiscation of assets. The FM has also proposed to control ...
Business Standard - Feb 27, 2015 Read our full coverage on Union Budget. The MAT provision would have raised their long term capital gains tax from zero under the current regime to around 20 per cent. The net impact of would have run into tax liabilities for thousands of foreign investors.
The Hindu - Feb 28, 2015 The Union budget for the financial year 2015-16 presented by Finance Minister Arun Jaitley is a big disappointment for the poor and the middle class people. The budget offers no personal taxation relief to tax payers. There is no announcement regarding the ...
Hindu Business Line - 22 hours ago Addressing the audience on the impact of the Union Budget 2015 at an event organised here by Madras Management Association on Monday , he said, "Stronger action is required on the fiscal consolidation side." In the last Budget, the government committed ...
MediaNama.com - Mar 2, 2015 Several measures announced like leaving the choice of Provident Fund to employees, the Rs. 1,000 crore allotted to start-ups and many such decisions will have a long-term positive impact on the country's economy. However, thebudget has not done ...
Livemint - 22 hours ago Mumbai: Indian stock indices rose on Monday, as investors digested the contents of finance minister Arun Jaitley'sbudget and concluded that its impact on the market would range from neutral to positive. While Jaitley's budget for 2015-16 didn't do much to ...
Moneycontrol.com - Feb 27, 2015 Meeting some of the expectations of the hospitality industry, Finance Minister, Arun Jaitley in his full year UnionBudget 2015-16 announced visa on arival to 150 countries from the current 43 countries in stages. This would indeed boost tourism for the country, ...
Moneycontrol.com - Feb 27, 2015 Finance MInister Arun Jaitley Saturday announced an excise duty hike on tobacco to Rs 70 per kg from Rs 60 per kg. The government also increased excise duty on cigarettes by 25 percent for length not exceeding 65 mm and 15 percent for other cigarette ...
Scroll.in - 16 hours ago Extrapolating from the estimated fiscal deficit (Rs 555,600 crore) as a percentage of GDP for the same period, it may be inferred that India's defence budget in the year that will unfold will be under 1.75% of overall national GDP. This figure corresponds with ... Scroll.in - 16 hours ago Extrapolating from the estimated fiscal deficit (Rs 555,600 crore) as a percentage of GDP for the same period, it may be inferred that India's defence budget in the year that will unfold will be under 1.75% of overall national GDP. This figure corresponds with ...
Financial Express - Feb 28, 2015 arun jaitley, union budget 2015, budget 2015, union budget live, live budget Finance Minister Arun Jaitley with MoS Jayan Sinha leaves for Parliament to present the annual budget 2015-16 from his office at North Block in New Delhi. PTI ...
Economic Times - Feb 28, 2015 NEW DELHI: In an innovative way to reduce demand for overseas gold, Finance Minister Arun Jaitley in his budget speech said, "We propose an Indian gold coin. This gold coin will have an Ashok Chakra." "The Indian gold coin will help recycle local gold and ...
India.com - Mar 2, 2015 The service tax of 14% will adversely affect everyone, except the rich. The first full-year budget by Central government saw the corporates getting priority in the budget. The increase in various taxes will increase price of essentials and other commodities, ...
Reuters - Feb 28, 2015 Executives said measures announced by Finance Minister Arun Jaitley in the budget for the coming fiscal year should help rekindle growth, though questions remained over the ultimate impact of a raft of tax changes. In his first full-year budget since Prime ...
Economic Times - Feb 28, 2015 The positive impact on growth could be even higher due to the shift in spending from subsidies to capex, and if the states were to spend some of their increased revenue share on boosting investment demand. With the share of states increasing so rapidly, ...
Hindustan Times - Feb 27, 2015 The stage is set for finance minister Arun Jaitley to present his first full-budget on Saturday amid heightened expectations that he would raise people's spending power by offering tax breaks and would announce measures to make India an investment-friendly ...
Quartz - Feb 28, 2015 The government, however, has also indicated gradual reduction of incentives and exemptions. General anti-avoidance rules, or GAAR, has been deferred for two years with no retrospective effect. Transfer pricing threshold has been increased from Rs5 crore ...
Business Today - Feb 27, 2015 Finance Minister Arun Jaitley announced that there will be no change in the personal income tax regime, while presenting his first full year budget in Parliament on Saturday. The minister, however, said that additional 2 per cent surcharge will be implemented ...
Financial Express - Feb 28, 2015 Real estate is an industry that has a positive effect on many other sectors, and growth in this sector has a high correlation with economic growth. In his speech, Jaitley could have taken up issues that would have have benefited the economy through a growth ...
Economic Times - Feb 28, 2015 The Union Budget 2015-16 presented by the Hon'ble Union Finance Minister could have a high and long lasting impact on society with its emphasis on rural and infrastructure development. The Government's strong intent to boost infrastructure development ...
Business Standard - 20 hours ago S&P's Senior Director (Asia-Pacific Sovereign Ratings) Kim Eng Tan said: "In terms of the structural effects of the Budget, we see the improvement has been not as great as it could have been... We don't see the rating going up in the next year or so.".
The Dollar Business - Mar 2, 2015 When asked what the larger impact of the budget would be, Sharma said, "This budget is not an immediate treatment. It is for the long term cure of the problems and the long term settlement of issues related to the economic situation of the country.
Business Standard - 20 hours ago After the finance ministry in the Budget estimated the Centre's fiscal deficit at 4.1 per cent of India's gross domestic product (GDP) for 2014-15, official data issued on Monday showed the deficit had crossed the Budget Estimate (BE) by seven per cent by ...
Economic Times - Feb 28, 2015 Savings CentreSavings NewsAnalysisCalculatorsPlan your carTax Impact CalculatorHome Loan Refinance CalculatorRetirement Savings Calculator Loan Tenure & Interest CalculatorLoan Break up Calculator Saving Target CalculatorFinal Worth of ...
Huffington Post India - Feb 28, 2015 Each contained key measures that helped liberalisation. But nothing will ever equal the impact of the July 1991 Budget. It was drafted in crisis. Foreign Exchange reserves covering just 14 days of imports. India had pledged gold to cover external obligations.
Firstpost - Mar 1, 2015 In effect, the IFC disrupts existing regulatory structures and recreates a more cohesive, more accountable financial architecture that oversees nine important moving parts - consumer protection, micro-prudential regulation, resolution, capital controls, systemic ...
Financial Express - Mar 1, 2015 Union budget, highlights budget, budget, budget 2015, union budget 2015, arun In Budget 2015-16, Finance minister Arun Jaitley has announced reduction in corporate tax rate to 25 per cent over a 4 year period while pruning down exemptions. Reuters ...
The Hindu - Feb 28, 2015 Hansa Johny, homemaker, said the Budget would not bring any marked difference in the lives of people like her. "As a single woman, it is of no benefit to me. The decision to increase the service tax from 12.36 per cent to 14 per cent will affect my monthly ...
Forbes - Mar 1, 2015 But the rural skills development focus may have immediate impact, given the training required to get young people coming of workforce age ready for the type of jobs in demand. Yoga got its due in the budget, too—it will be included as a "charitable purpose" ...
Business Standard - Mar 1, 2015 After the Budget deferred fiscal consolidation by a year, it was interesting to gauge the response of rating agencies. Atsi Sheth, senior vice president Moody's Investors Service, tells Indivjal Dhasmana that the Budget has not changed the rating agencies views ...
CXOToday.com - Mar 1, 2015 Ashok Chandak, Chairman IESA: "Measures such as encouraging start-ups, addressing disabilities partially, skill development, funds with states, duty benefits for some products etc. will have incremental positive impact on the ESDM sector. This budget will ...
Merinews - 11 hours ago Impact of such steps is their element of surprise. For a highly intelligent person like our FM, to miss out on surprise seems strange. Coming to the third missing face ? the middle, neo-middle class, I think this class must be feeling like orphans in this budget ...
Business Today - Mar 2, 2015 Also, increase in excise to 12.5 per cent would impact prices of goods sold. But overall, it's a progressive Budget. The assurance to speed up GST implementation is a welcome announcement for the industry as it will boost the country's manufacturing ...
Financial Times - Mar 2, 2015 Taken together, the package will have "a positive impact on growth" which in time should filter through to corporate earnings, says Tushar Poddar, a Mumbai-based economist at Goldman Sachs. There were narrower measures of interest to global investors ...
Newsweek - 22 hours ago The Land Bill is the main current left-right battleground with the BJP trying to reduce the crippling impact of the last government's legislative restrictions on the use of agricultural and other rural land for industrial and infrastructure projects. Several Congress ...
Financial Express - Mar 1, 2015 Jaitley has proposed reduction in custom duty on 22 items, including raw materials, intermediates and components, to minimise the impact of duty inversion. There were duty cuts on metal parts used in electrical insulators, magnetron used in manufacturing ...
Business Today - Feb 27, 2015 Suzlon Energy shares gained nearly 4 per cent on the domestic bourses on saturday on hopes of positive measures in Finance Minister Arun Jaitley's maiden full-year Budget. Traders cited speculation that government may increase allocations towards ...
Hindustan Times - Feb 24, 2015 The salaried employee is also looking forward to the budget with great hopes. The salaried class has suffered from low hikes and bonuses since the Global Financial Crisis (GFC) in 2008. This, coupled with high inflation levels under UPA II, eroded their real ...
Economic Times - Feb 28, 2015 The Economic Survey had yesterday said that growth will receive a boost from the cumulative impact of reforms, lower oil prices, likely monetary policy easing facilitated by lower inflation, and forecasts of a normal monsoon in 2015-16. The government ... The Economist - Mar 1, 2015 Protect jobs, as India's labour laws do, and jobs are not created; it is far better to protect people from the impact of joblessness. If this was intended as a first step on a journey to labour-market reform, why not spell that out? Mr Jaitley used the world "road map" ...
Economic Times - 17 hours ago One of the most awaited announcements in the budget was on the ease of doing business in India. The government has proposed to set up a committee to evaluate if businesses could be setup in India without obtaining prior registration which could be a ...
Businessinsider India - Feb 28, 2015 "It is a balanced budget. For job creation and creators, some relaxations have been made. The budget appears to be encouraging more capital spending. It has also talked about less governance, which I feel, will have a goodimpact in the long run," said Birla.
Wall Street Journal (blog) - Feb 28, 2015 While Mr. Jaitley announced that India's corporate tax rate would drop to 25% from 30% over the next four years, some executives were suspicious about what the net effect would be as the finance minister said the lower tax rate would be accompanied by a ...
Huffington Post India - Mar 2, 2015 The focus on infrastructure and housing investments is good, as it will kick-start the economy and have a ripple effect across all Industries. The FM understands the need to kick start infrastructure projects through increased investments, the need to revitalize ...
Financial Express - Mar 1, 2015 For past transactions, the only solace is that in last year's Budget, it had been clarified that new cases, if any, will have to be first referred to a Committee which would decide on merits, whether a particular requires detailed examination. One can hope that a ... In respect of any tax changes with retrospective effect in the future, the government has reassured the investors that, ordinarily, retrospective tax provisions that adversely impact the stability and predictability of the taxation regime shall be avoided. After more than ...
Firstpost - Feb 28, 2015 Many key changes have been announced to improve the ease of doing business, encourage entrepreneurship, expand tax compliance, and improve the delivery of social security benefits to the poor by reducing leakages, but the real impact of these changes ...
Moneycontrol.com - Feb 27, 2015 12.50: Vallabh Bhansali says it is a great Budget it balanced between a lot of subjects. 12.42: The best attempt thisBudget has made is to provide detailed roadmap to curb blackmoney. The intent of the government is very clear and people trying to avoid tax ...
Hindustan Times - Mar 1, 2015 That the budget has not disappointed despite the sky high expectations is in itself creditable. More creditable is that it has not succumbed to populism despite the BJP's loss in the Delhi elections and the forthcoming Bihar elections. The Narendra Modi-Arun ...
Mint Market Info - 12 hours ago Moody's said the Budget has prioritised growth over fiscal consolidation but it may not have any impact on the country's sovereign rating. Though, it said that Union Budget 2015-16 is credit positive for corporates and a mixed bag for the banks.
No motivation for them in this Budget. The fuel hike coinciding with the Budget day hasn't gone down with the common man who is still just around the impact line. Net-net it's a pragmatic Budget, many of the actions outlined need to be closely watched, ...
Quartz - Feb 27, 2015 The Delhi results have come on (Feb.) 10th, which is already quite late so impact on the budget, but I think the pressure on the finance minister will be to present an even better budget than he was planning. This article is a part of Quartz India. For more, follow ...
Financial Express - Mar 1, 2015 This Budget has crossed of most 't's and dotted most 'i's but what is required now is for the government and industry to connect the dots in order to increase impact. And an excellent example of this is the announcement of launching the National Skills Mission ...
Livemint - Feb 28, 2015 In moving towards the direction that it has, the impact of Jaitley's budget will be felt beyond the confines of abudget; he has given the Bharatiya Janata Party (BJP) a distinct economic ideology. So far, bar the trimmings and wrapping, the economic policy of the ...
Economic Times - Feb 28, 2015 The Government has sought to curtail the impact on taxation on indirect transfer of assets situated in India. Certain amendments have been proposed in respect of litigious areas that were left open when the provisions were originally introduced by the ...
Businessworld - Feb 26, 2015 Union Budget 2015-'16 is going to be presented this Saturday (28 February) and as always, Indiand are waiting to see what it holds in store for them. The property sector in particular is very sensitive to the annual budget, because it has a direct impact on how ...
Business Today - Feb 25, 2015 The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on the growth track, curbing the Budget deficit and creating an investment friendly environment. The Budget needs to address issues of simplifying tax regulations, ...
Deccan Herald - Mar 1, 2015 The middle class and individual tax payers may have a grouse that they did not benefit. But the overall impact of the budget on the economy should be positive, though, perhaps, only over the medium term. It can strengthen some of the declared themes of the ...
Zee News - Mar 1, 2015 ... any immediate upgrade in India's sovereign ratings, global and domestic agencies have red-flagged the country's delayed fiscal consolidation roadmap and have warned against any slippages from the "ambitious" disinvestment plan proposed in Budget.
Eshita Surana, Director, Aakash Aath said, "It is overall a very positive budget and will have good impact on the economy. But only one negative point I felt about the budget though you see the media industry is a very growing sector and has huge potential in ...
Financial Express - Feb 28, 2015 "This is likely to dilute the positive impact of reduction of tariff charges proposed by TRAI," PwC India Partner (Indirect Tax) Amit Bhagat said. Commenting on the overall budget, Mathews said telecom industry’s issues has not been addressed. "While a ...
NDTV - Feb 26, 2015 "The various announcements made by the government over the course of last seven to eight months did have a positive impact on the sentiment of the business community; however in order to sustain this buoyancy, it will be important that the process of ...
Business Today - Feb 28, 2015 The Finance Minster has presented a good Budget that is expected to spur India's economic growth and global competitiveness. The proposal to reduce corporate tax from 30 per cent to 25 per cent over the next four years is a positive move that is expected to ...
The Hindu - Feb 28, 2015 Even more worrisome for the State could be the implications of the theory and practice of budget-making that Mr. Jaitley has resorted to and the way the Centre's perceptions about planning and resource devolution are likely toimpact the quantum of funds that ...
Livemint - Feb 28, 2015 The landmark budget presented in 1997 by P. Chidambaram had come after a modest attempt the year before. The same can be said of the second Yashwant Sinha budget in the year 2000. Both had an impact far more than the tax reductions that people ...
Zee News - Feb 28, 2015 The US-India Business Council (USIBC), a business advocacy organisation representing global companies investing in India, said many reforms announced in the budget targeted to encourage infrastructure development, modernise capital markets, reduce ...
Economic Times - Feb 28, 2015 Although intricacies of its impact coupled with withdrawal of exemptions are to be seen, it underlines the Finance Minister's promise to have certainty in the Indian income tax regime. Also, the explicit disposal of the Direct Taxes Code goes hand-in-hand with a ...
Financial Express - Feb 28, 2015 This will definitely have an impact on consumer spending and will create pressure on the margins of businesses," says Rakesh Biyani, chief executive of Future Group, adding, "The state governments are yet to announce theirbudgets and they might increase ...
Economic Times - Feb 28, 2015 ... in future, deferral of GAAR, clarity on the indirect transfer provisions, are welcome steps. Certain provisions may need some tweaks to enhance their impact for the industry participants. (Views are personal). For more budget related news click: Budget2015.
Livemint - Feb 28, 2015 It is also a function of analysts, industry, and the man on the street seeing more in the budget beyond the inflationary impact of the recalibration of indirect taxes. For starters, the budget smacks of realism (like Suresh Prabhu's Railway Budget did two days ago) ... Hindustan Times - Feb 28, 2015 Finance minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Here are the highlights of Jaitley's budgetfor ...
Moneycontrol.com - Feb 28, 2015 Kela: It is a good Budget. It is very well balanced. There is a lot which is being done for the rural economy as well and this reduction of corporate taxation and the clarity, let me repeat the word clarity for the next four years, anyone who is investing in India whether it is a financial investor or whether it is a corporate investor know exactly the road map for .... So if you put all three together for the first time now, we will start to see impact of company valuations and fundamentals coming to the market more than liquidity.
NDTV - Feb 28, 2015 Excise duties were raised on cement, which could impact demand and sales of companies like UltraTech Cement, Ambuja Cements and Star Ferro and Cement. Public sector banks. India will inject $1.3 billion into state-owned banks in the next fiscal year to ...
Mumbai Mirror - Feb 28, 2015 On Saturday, in keeping with its annual tradition, Mumbai Mirror invited eight panellists to view Finance Minister Arun Jaitley's UnionBudget and analyse its impact on the sectors that they represented. This year, those at the table included experts each on ...
Calcutta Telegraph - Mar 1, 2015 New Delhi, March 1: Rating agencies keeping a close track of India's economic progress have decided not to change the country's credit profile but warned that the relaxed fiscal consolidation plan in the budget was a constraint. Moody's said it remained "credit neutral" on India though the budget delayed the fiscal ... There are potential downsides, which could impact the economy, tax collections, stock markets and ultimately the sovereign rating. These could be account of a rise in crude oil prices, which could make ...
Zee News - Mar 1, 2015 Mumbai: Rating agencies have not red-flagged the Budget stretching fiscal deficit target by 0.3 percentage points to 3.9 percent in FY16, but cautioned that higher borrowings should be used for only capacity-building in the economy. "This is a deviation from ...
Financial Express - Feb 27, 2015 The Narendra Modi government's first full-year Budget turned out to be a volatile affair for stocks with the Sensex swinging 700 points, but promise of lower corporate taxes and deferral of GAAR helped the benchmark finally end 141.38 points up — the first rise on a .... In the short term, we can see consolidation till the impact from Realty (would DDT will applicable or not for REIT, no change in individual tax exemption) and Infra (how to move out of stuck projects) is clearly understood since expectation was very high.
Zee News - Feb 28, 2015 New Delhi: The Finance Minister Arun Jaitley on Saturday announced a series of steps to broaden the tax base to garner more receipts. The Service Tax rate is being increased from 12% plus Education Cesses to 14%. The new service tax rate shall subsume ...
Financial Express - Feb 28, 2015 As far as extra funds allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme and infrastructure development is concerned, I don't think that will have an immediate impact on vehicle sales. We would like to see Indian agriculture ...
Moneycontrol.com - Feb 27, 2015 The government was expected to hike service tax rate this time. A two percent service tax rate hike could have yielded over Rs 30,000 crore to the cash-starved government. A service tax rate change would have needed amendment in the Finance Act.
Times of India (blog) - Feb 28, 2015 So the RBI's wings have been clipped, and we will soon have a so-called 'monetary policy committee' – presumably staffed by finance ministry yes-men, to look at all policies that could impact inflation. Good luck, folks. But why fret over four or seven year ...
Times of India - Feb 28, 2015 Guwahati: Prime Minister Narendra Modi government's first full general budget 2015-16, presented in Parliament by Union finance minister Arun Jaitley on Saturday, has made a positive impact on the northeast's business circles, economists and policy ...
Economic Times - Feb 28, 2015 The budget is well balanced towards both consumption and capex. Better balance has also been maintained in both rural and urban spending. Several micro initiatives mean the aggregate positive impact on growth could be decent. While there is some ...
Financial Express - Feb 28, 2015 One area which is perhaps not directly related to the Budget, but where we would like to see some announcement is on labour regulation, which needs to be such that it encourages hiring. It should encourage employment and allow flexibility on training and ...
Financial Express - Feb 28, 2015 The net impact of all tax proposals would be a revenue gain of Rs 15,068 crore. The education cess of 2 per cent and 1 per cent higher education cess is proposed to be continued in the next year for all tax payers. Jaitley said the Indian Economy has turned ...
Deccan Chronicle - Feb 28, 2015 New Delhi: Finance minister Arun Jaitley on Saturday unveiled a Budget that sought to push growth by proposing to cut the corporate tax rate by five per cent over four years to make India competitive with Asean economies and increased public spending. He sought the happiness of people while quoting the Upanishad Om ... The net impact of all direct and indirect tax proposals in the next fiscal will result into a revenue gain of Rs 15,068 crores for the government. While direct tax proposals will lead to a revenue loss, ...
Business Today - Feb 28, 2015 The incentives and reforms announced in other sectors that majorly include taxation and urban-rural development willimpact the home loan businesses. The fiscal target of 3 per cent as announced by the Finance Minister is practical while at the same time it ...
Livemint - Mar 1, 2015 'Is it an Amartya Sen budget?' Critics are saying that you have deferred your fiscal consolidation plan and, at the same time, announced an ambitious increase in central plan outlay. What is the central message of your budget? When we inherited the ... This will have its impact. I am now going to allow railways, highways and irrigation projects to raise money from tax-free bonds. And three, we earmarked separate funds, some I have just announced the contributions. PSUs (public-sector units) will also contribute.
Times of India - Mar 1, 2015 The micro, small and medium enterprises (MSMEs), the backbone of Indian economy, have flayed the Modi government's first General Budget citing absence of hike in excise duty exemption, increase in service tax to name a few. City-based ...
Business Standard - Feb 28, 2015 "The FM has taken comprehensive steps in the budget to address the core issues of fostering growth with equity, boosting investments and creating jobs over the medium to long term. The focus on agriculture, infrastructure, health and education will enhance ...
Hindu Business Line - Feb 27, 2015 The Survey, which sets the tone for the Budget, sent the stock market surging, with the Sensex closing 473 points up on expectations of a business friendly initiative by Finance Minister Arun Jaitley tomorrow. The Survey, authored by Chief Economic Advisor, ...
Zee News - Feb 28, 2015 "It is a positive and growth-oriented budget and we think it will give a kickstart to the philosophy the Finance Minister laid down of economic growth and job creation. We really appreciate the strong focus on curbing black money in terms of ensuring that wealth ...
Times of India - Mar 1, 2015 Apart from the finance commission, the decline in international oil prices too has had a significant impact on thebudget numbers. Apart from the indirect effects, the direct effect alone has translated into the oil subsidy bill falling to less than half to be pegged at ...
Firstpost - Feb 27, 2015 The budget other than being a revenue and expenditure statement of the government is also the time when governments tend to announce their policy stance on various issues. It is also the time around which major economic reforms tend to be announced. .... Therefore, the interactive impact of tax incentives could turn out to be different from the revenue foregone calculated by adding up the estimates and projections for each provision." While there are many assumptions behind the revenue foregone number, it is ...
The finance minister in his budget speech spoke about increasing housing stock. At best, it can be viewed as a 'statement of intent', and since there was nothing concrete in the speech as regards how the implementation will take place - we will have to wait for ...
The Indian Express - Feb 28, 2015 The Union Budget has held out the promise of a cut in the basic corporate tax rate, from the current 30 per cent to 25 per cent over the next four years, accompanied by a pruning of exemptions currently enjoyed by the sector. While industry has broadly cheered the cut in basic rate, for a majority of firms in the manufacturing sector, the proposed cuts in exemptions could mean an increase in overall tax impact, considering that effective tax rate of the manufacturing sector this fiscal is estimated to be at 21.96 per cent ...
Economic Times - Feb 27, 2015 NEW DELHI: Finance Minister Arun Jaitley will present tomorrow the first full year Budget of the NDA government, which is termed as a 'make or break' fiscal exercise widely expected to unveil pro-common man measures and push forward 'Make In India' ...
IBNLive - Feb 28, 2015 In the first full-year Budget of the NDA government that shunned populism, he proposed no changes in personal and corporate income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000. For senior citizens, it will .... Finance Minister said basic custom duty on certain inputs, raw materials, intermediates and components in 22 items is proposed to be reduced to minimize the impact of duty evasion. All goods except ...
Firstpost - Feb 28, 2015 But, one critical area, missing the in the budget speech at least, is the much-needed capital infusion of public sector banks. If the government does not give banks adequate capital support, this can have an adverse impact on India's ailing state-run banks, ...
Economic Times - Mar 2, 2015 Atal Pension Yojana to be launched: FM; Transport allowance exemption increased to Rs 1600 per month: FM; Investor's Guide:Budget 2015 impact on you – Part 1. Atal Pension Yojana to be launched: FM; Transport allowance exemption increased to Rs ... The Motley Fool Singapore - 13 hours ago Investors interested in the growth of India should pay attention to its Budget 2015 delivered last Saturday. In his first ever Budget presentation after his election win, India's Prime Minister Narendra Modi listed out many reforms and proposals which he thinks ...
Economic Times - Feb 28, 2015 "The clarification on indirect transfers is fair and reasonable as it will only impact any change in strategic interest, and not minority stakes. Moreover, the ... However, the festering dispute with Vodafone or similar cases will not end with the Budget clarification.
IBNLive - Feb 28, 2015 New Delhi: Finance Minister Arun Jaitley's Cabinet colleagues have praised him for the Union Budget 2015 calling historical, pro-poor and visionary. Prime Minister Narendra Modi ... no scope of black money left in it. This will have long-term positive impact." ...
Firstpost - Feb 28, 2015 Jaitley has continued to defend not raising income tax exemptions for the salaried class saying that if one considered the lastbudget and this one then no one had ever given the salaried middle class as much tax exemption. He said that the government wanted to encourage people to save more and that too for their future. ... India wants to rise quickly and the law could have animpact on investment, he said. "GAAR raises issues on investment in India...As we proceed on our fiscal thinking we will have to take into ...
ET Auto - Feb 28, 2015 The head of the automotive business at M&M expressed relief over subsidy extension to electric vehicle, but said Rs 75 crore is too little to be spread across the entire eco-system of infrastructure, R&D and product subsidy to have a meaningful impact, he ...
The Hindu - Feb 28, 2015 The promise could be put off for a while; Mr. Arun Jaitley used his interim budget largely to replace beneficiaries of the previous regime with favourites of his party. Otherwise ... If it did that, it would not have to worry about the inflationary impact of larger deficits.
Financial Express - Feb 28, 2015 WITH Budget 2015-16 unveiling plans to tap over 20,000 tonne of gold stocks in the country, Indian housewives, the world's largest hoarders of the metal, will have reasons to let go of their holdings and show off sovereign gold coins adorned with the Ashok Chakra. The finance minister on Saturday proposed to introduce fresh gold deposit accounts by banks, to launch a sovereign gold bond and to bring in India gold coins — aimed at curbing bullion imports to contain its debilitating impact on trade deficit. However ...
NDTV - Feb 28, 2015 Mumbai: Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. Mr Jaitley set the country's fiscal deficit target for the 2015/16 fiscal year at 3.9 per cent of gross domestic product and said it ... IMPACT ON COMPANIES, TAXATION. NITIN JAIN, CEO OF RETAIL CAPITAL MARKETS AND GLOBAL ASSET MANAGEMENT, EDELWEISS, MUMBAI. "I would rate the ...
Deccan Chronicle - Feb 28, 2015 The increase will however impact our software sales. The lack of infrastructure development was a concern and it is well addressed in this budget with clear road maps and allocation. This will contribute to the overall development of the country. Reduction in ...
Business Standard - Feb 28, 2015 Comparing the 2015-16 Budget estimates with the 2014-15 revised estimates, the government has reduced total expenditure by 0.7 per cent while increasing central Plan expenditure by 0.35 per cent. Expenditure reduction has been achieved by reducing ...
Financial Express - Feb 28, 2015 This will impact other foreign investors and taxation of other income. The intended provisions for use of credit cards for transactions and the stringent provisions for offshore assets hoard are steps in the right direction for expanding the tax base.
The Shillong Times - Feb 28, 2015 New Delhi: Shunning populism, the Union Budget for 2015-16 on Saturday proposed a 5 per cent reduction in corporate tax over the next four years, replacing of wealth tax with an additional 2 per cent surcharge on super-rich and raised excise duty and ...
Deutsche Welle - Feb 28, 2015 On February 28, Finance Minister Arun Jaitley announced a host of new measures in the government's first fullbudget, including increased spending in infrastructure, a universal social security scheme and an unprecedented corporate tax cut to 25 percent over the next four years. Jaitley said India was "about to take off" and it was .... primarily through off-budget incentives. These make sense, but absent real changes that will liberalize factor markets (land, labor, capital), their impact will be rather limited I am afraid.
New York Times - Feb 28, 2015 Mr. Modi's government has submitted an executive ordinance that would eliminate the consent clause and the requirement of a social impact assessment if land is to be used in certain ways — for industrial corridors, and affordable housing, among others ...
Daily News & Analysis - Feb 28, 2015 On Saturday, the defence budget was increased by 10.95 % to Rs 2.46 lakh crore for the next fiscal as compared to the revised estimates of Rs 2.22 lakh crore for 2014-15 as the government focuses on 'Make in India' to curtail over-dependence on imports. The defence budget accounts for nearly 13.88 % of the total central ... But I think instead of saying we will spend hundred thousand crores, we would like to hear the impact in quantitative growth terms. After all Modi talked of growth. Can the media take the lead in ...
Daily News & Analysis - Feb 28, 2015 The Union Budget is intended to take the economy to a higher growth trajectory at a time marked by macroeconomic stability. Currently, CPI inflation is around 5.1%, current account deficit is veering around 1.9% of GDP, and fiscal deficit has been contained ...
Firstpost - Feb 27, 2015 The countdown to the NDA government's most important economic statement has begun and this noon Narendra Modi and Finance Minister Arun Jaitley will let us know whether Budget 2015-16 is going to set the Yamuna on fire or will just be more of the same. ... which is sure to recommend a higher level of resource transfers to states; and the report of the Seventh Pay Commission for government employees, which too will recommend pay increases andimpact central and state expenditures from 2016-17 onwards.
Calcutta Telegraph - Feb 28, 2015 The budget also proposed a hike in service tax which, along with the hike in freight rates announced in the railbudget, might have an inflationary impact and reduce the purchasing power of the aam aadmi. Given the reality of revenue realisation lagging ...
Deccan Chronicle - Mar 1, 2015 The Budget should have focused on providing allocations for better seeds, fertilisers and pesticides, improved and wider irrigation techniques, credible credit avenues and effective satellite mapping. ... This will certainly have an all round inflationary impact.
Times of India - Feb 28, 2015 Impact: The effective corporate tax rate for domestic companies having income exceeding Rs 1 crore but not exceeding Rs 10 crore would increase from 32.445% to 33.063% and effective rate of MAT would increase from 20.01% to 20.38%. The effective ...
Business Today - Feb 28, 2015 On a springy Saturday, it was a close contest between cricket and the Budget. Would a nation of 1.2 billion choose to tune into the Cricket World Cup or watch the presentation of a document that would impact their financial destiny in the year to come?
Daily News & Analysis - Feb 28, 2015 As expected, 'Make in India' was the flavour and it was heartening to see the government recognise the value of theimpact being created by start-ups like ours. Being mindful of the brain drain happening from India due ... can propel the economy towards a double-digit growth. However, the positive intent of the budget notwithstanding, the government has to ensure the on-ground implementation of these announcements and build in a framework of measurable metrics to continuously monitor and augment the policy.
The Asian Age - Feb 28, 2015 Finance minister Arun Jaitley on Saturday unveiled a Budget that sought to push growth by proposing to cut the corporate tax rate by five per cent over four years to make India competitive with Asean economies, increased public spending and deferred the controversial GAAR by two years. He abolished wealth tax, but introduced an ... The net impact of all direct and indirect tax proposals in the next fiscal will result into a revenue gain of Rs 15,068 crores for the government. While direct tax proposals will lead to a ...
Business Standard - Feb 28, 2015 Presenting the General Budget for the year 2015-16 in Lok Sabha today, he said macro-economic stability has been restored and conditions have been created for sustainable poverty elimination, job creation and durable double digit economic growth. ..... in the context of promotion of domestic manufacturing and 'Make in India', the Finance Minister said basic custom duty on certain inputs, raw materials, intermediates and components in 22 items is proposed to be reduced to minimize the impact of duty evasion.
Times of India - Feb 28, 2015 Indian companies, especially startups which are increasingly being incorporated overseas, must watch out. The Budget fine print says these companies will now be treated as Indian for tax purposes as long as their senior management is located in the country ...
The Hans India - 11 hours ago The Budget is expected to have a positive impact on the banking industry. A key growth driver of the Indian banking sector includes financial inclusion which will help the banking sector to achieve its aim of expansion and growth. Key measures announced ...
Business Standard - Feb 28, 2015 ... of Jaitley's budget include universal social security with health insurance coverage for the poor, a new bankruptcy law, a fresh gold monetisation scheme, the deferment of much-criticised General Anti-Avoidance Rule by two years with prospective effect, ...
Free press journal - Mar 1, 2015 Hike in service tax is likely to impact large segment and some roll back going forward is not ruled out. Private Banking counters and Pharma stocks witnessed value buying as it had some sops from the budget proposals. Hike in excise duty on tobacco ...
Times of India - Feb 28, 2015 Presenting the budget for 2015-16 in Parliament, Jaitley said the direct taxation should match the transformation in indirect taxes expected to be brought in by the introduction of Goods and Services Tax (GST) April 1, 2016 onwards. He said the 30 percent corporate tax is higher than the rates prevalent in other major Asian economies ... This would minimise the impact of duty inversion and cut manufacturing cost. Other proposals include: - Excise duty reduction on footwear with leather uppers costing more than ...
India.com - Feb 28, 2015 In the first full-year Budget of the NDA government that shunned populism, he proposed no changes in personal and corporate income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000. (Read: LIVE Union Budget 2015-16 by Finance Minister Arun Jaitley ... The net impact of all tax proposals would be a revenue gain of Rs 15,068 crore. The education cess of 2 per cent and 1 per cent higher education cess is .. Lexology (registration) - Mar 2, 2015 Extending the much needed SARFAESI benefits to large NBFCs and introduction of a comprehensive bankruptcy code are measures that will have a significant impact. The Government has also announced various initiatives to facilitate simpler regulatory ...
Business Standard - Feb 28, 2015 ... of Jaitley's budget include universal social security with health insurance coverage for the poor, a new bankruptcy law, a fresh gold monetisation scheme, the deferment of much-criticised General Anti-Avoidance Rule by two years with prospective effect, ...
Free press journal - Mar 1, 2015 Hike in service tax is likely to impact large segment and some roll back going forward is not ruled out. Private Banking counters and Pharma stocks witnessed value buying as it had some sops from the budget proposals. Hike in excise duty on tobacco ...
Times of India - Feb 28, 2015 Presenting the budget for 2015-16 in Parliament, Jaitley said the direct taxation should match the transformation in indirect taxes expected to be brought in by the introduction of Goods and Services Tax (GST) April 1, 2016 onwards. He said the 30 percent corporate tax is higher than the rates prevalent in other major Asian economies ... This would minimise the impact of duty inversion and cut manufacturing cost. Other proposals include: - Excise duty reduction on footwear with leather uppers costing more than ...
India.com - Feb 28, 2015 In the first full-year Budget of the NDA government that shunned populism, he proposed no changes in personal and corporate income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000. (Read: LIVE Union Budget 2015-16 by Finance Minister Arun Jaitley ... The net impact of all tax proposals would be a revenue gain of Rs 15,068 crore. The education cess of 2 per cent and 1 per cent higher education cess is ...
Firstpost - Feb 23, 2015 Another question which is being hotly discussed is whether the drubbing the Bharatiya Janata Party got at the hands of the Aam Aadmi Party in the recently-concluded Delhi assembly elections will impact Budget 2015, and how. Will the government respond ...
Business Standard - Feb 27, 2015 Compared to the budget in 2009-2010 fiscal, the budget for 2010-2011 had significant effect on the automobile sector. As per thebudget for that year, 10 per cent tariff was imposed on small cars. Prior to that small cars benefited from 8 per cent excise tariff.
The Asian Age - Mar 1, 2015 But the expectations of any major changes in how money will be raised and how it will be spent are quite unreal given that a Budgetis pretty well set weighed down by past commitments to programmes — plan allocations, fixed expenses and interest. Interest takes up almost a quarter of any Budget, while ... The other advantage is that this will reduce the incidence and potential for corruption and will hopefully have an overall impact on national character. It will also result in savings, but it is too early to quantify it.
The National - Feb 28, 2015 The Indian finance minister Arun Jaitley yesterday announced a progressive growth-oriented budget, concentrating on macroeconomic stability and increasing investment into the infrastructure and manufacturing sectors. The positive macroeconomic environment has helped in controlling inflation and the current-account ... A slew of measures have been proposed in this regard, and one would have to see the impact it may create. India is a youthful democracy, still in its building stages. With its geographical size and ...
New Kerala - Feb 28, 2015 Union Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi told ANI on Saturday, "We take this budget as the progress of the nation. The budget is trying to involve everyone in the development process. It will have a positive result and impact."
Deccan Chronicle - Feb 27, 2015 This budget should take measures to reduce complex and heavy taxation in terms of both personal and corporate income tax. The economy will benefit with more incentives for the service industry especially tourism. There will be multifold impact of ...
Moneycontrol.com - Mar 1, 2015 The 3.9% FD is tolerable especially in view of the acceptance of the 14thFinance Commission impact and is achievable. We expect RBI to cut interest rates by 50-75bps over FY16. Markets will stay buoyant, if execution matches intent. The FM has targeted ...
BGR India - Mar 1, 2015 Hyun Chil Hong, President and CEO of Samsung India Electronics said, "As a company with deep investments in India, Samsung sees this as a progressive budget, one which provides an enabling business environment for foreign investment. It further motivates us to take our 'Make in India' story to the next level. ... In that context, the service tax rate going up is a concern, because of the impact it could have of driving people to use pirated software. Especially, because of the dual tax on software – the net tax rate for ...
Economic Times - Feb 28, 2015 Whilst the law was introduced with retrospective effect starting from tax year 1.04.1962, Memorandum explaining provisions to Fb 2015 makes curative amendment effective prospectively from 1 April 2016 i.e. financial year 2016-17. One would have liked that ...
onmanorama - Feb 28, 2015 Finance Minister said basic custom duty on certain inputs, raw materials, intermediates and components in 22 items is proposed to be reduced to minimize the impact of duty evasion. All goods except populated printed circuit boards for use in manufacture of ...
Pre-Budget: Now that the Government will achieve its target of 4.1% of GDP as the fiscal deficit, the FM should go ahead with on-course announcement of fiscal deficit of around 3.5 to 3.6% for 2015-16. There can't be any better time than this as the import bill of fuel is at an all-time low. Spectrum auction ... This announcement can have far reaching impact benefitting households as well as the macro economy at large. Pre-Budget: The main concern lies with implementation of GST. Though it's likely to be implemented ...
Business Standard - Feb 28, 2015 Also very significant for its impact as well as for the message it sends to the domestic and foreign community is the impetus that the Budget means to give to entrepreneurship, the development of start-ups and research and development, and the promotion of ...
Moneycontrol.com - Feb 28, 2015 "However, much of the reforms process outlined in the budget proposals needs to be realized through tangible steps over the year. It remains to be seen how reforms unfold and take shape in terms of GST implementation and TARC recommendations. Impact ...
Economy Lead - Feb 28, 2015 However, we'll need to review the notifications before any predictions could be made on the impact on the sector," Ohrie said. Startups such as Wegilant, an IIT Bombay incubated cloud-based mobile app security company with flagship product Appvigil, have ...
Economic Times - Feb 24, 2015 As you can see in the past few weeks, the markets are already a worried lot about Greece, but it didn't affect Italian or Spanish bond yields. Hence, Greece didn't have relevance beyond Europe. And for India to get negatively impacted, the markets would need ...
DeshGujarat - Feb 28, 2015 Shunning populism, the Union Budget for 2015-16 today proposed a 5 per cent reduction in corporate tax over the next four years, replacing of wealth tax with an additional 2 per cent surcharge on super-rich and raised excise duty and service tax rates that will make a host of articles and services costly. In the first full-year Budget of the NDA government, Finance .... The net impact of all tax proposals would be a revenue gain of Rs 15,068 crore. Jaitley said the Indian Economy has turned around dramatically in the ...
NetIndian - Feb 28, 2015 "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. As and when my fiscal capacity improves, individual taxpayers will have a lot to ...
There are high expectations among the common man of the upcoming Budget as they want to see some significant policy changes that would make a positive impact on their day-to-day lives. Clearly, the burden of expectations will be enormous for the finance ...
Outlook - Feb 28, 2015 For the Indian corporate sector, the Union Budget has brought in a lot of cheer, even though the juicy benefits of the proposals would not be realised in the coming financial year. That's because while there would be no reduction in corporate income tax in the ...
Calcutta Telegraph - Feb 28, 2015 Shunning populism in the first full-year budget of the National Democratic Alliance, Jaitley proposed no changes in personal and corporate income-tax rates for 2015-16 (corporation tax will go down to 25 per cent after a year) but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000. For senior citizens, it will go up from Rs ... The net impact of all tax proposals would be a revenue gain of Rs 15,068 crore. Announcing new insurance schemes, ...
Moneycontrol.com - Feb 25, 2015 'Make in India' campaign started by prime minister Mr. Narendra Modi will likely to impact positively to the manufacturing and capital goods segment. Higher capital expenditure initiatives from the central government are likely to be expected. In the budgetone ...
Times of India - Feb 28, 2015 The hike in surcharge will also impact Minimum Alternate Tax with the rate for large companies rising to 21.34% from the current 20.96%. Surcharge hike is also bad news for shareholders, as there is a rise in dividend distribution tax (DDT), which means ...
Business Today - Feb 25, 2015 Will Jaitley come up with a populist Budget? Will he pull back his reform agenda? Will he opt for not cutting down the subsidies? The indications are he might not. In a recent joint press conference with US Treasury Secretary Jacob Lew at the end of 5th ...
"Prime Minister Narendra Modi had earlier given assurances of bringing down inflation but on the other this budget will impact prices that will go up sharply — of medicines, home loans, mobiles, laptop, internet, cable TV, WiFi, hotel stay, air travel and much ...
Calcutta Telegraph - Feb 26, 2015 Indulgent Bharatiya Janata Party workers - themselves equally impatient with the intricacies of economic decision-making - used to smirk over their leader's predictable responses to the budget during the time he was in opposition. Vajpayee's standard responses were that the budget was either "inflationary" or .... It is unlikely that the full impactof the shifts created by the new federal arrangement will be felt in this week's budget. It may be Jaitley's misfortune that his finance bill will be judged within old parameters at a ... Calcutta Telegraph - Feb 26, 2015 Indulgent Bharatiya Janata Party workers - themselves equally impatient with the intricacies of economic decision-making - used to smirk over their leader's predictable responses to the budget during the time he was in opposition. Vajpayee's standard responses were that the budget was either "inflationary" or .... It is unlikely that the full impactof the shifts created by the new federal arrangement will be felt in this week's budget. It may be Jaitley's misfortune that his finance bill will be judged within old parameters at a ...
Last year when FM Arun Jaitley announced the first Modi-led government's Budget, M&E industry was hoping for the tides to turn. This year too, print players and broadcasters were looking forward to the Union Budget 2015. Some announcements made with ...
Real Time News, India - Feb 28, 2015 Basic Custom duty on certain inputs, raw materials, inter mediates and components in 22 items, reduced to minimise the impact of duty inveRs ion. [] All goods, except populated printed circuit boards for use in manufacture of ITA bound items, exempted from ...
The New Indian Express - Feb 28, 2015 ALUVA:In the Union Budget presented on Saturday, the government increased the number of countries for which the Visa on Arrival (VoA) facility is available from 43 to 150, in a move to rejuvenate the tourism industry. The facility will be available at nine ...
Deccan Herald - Feb 28, 2015 "The service tax impacts consumers and citizens as it will make things more expensive. However ... Finance Minister Arun Jaitley, in his Budget 2015 presentation on Saturday, mentioned that the Service Tax will be increased from 12 per cent to 14 per cent.
The Indian Awaaz - Feb 28, 2015 Chandrajit Banerjee, Director General, CII, said the Budget 2015-16 meets the present requirements of the Indian economy and outlines a comprehensive vision for citizens with strong focus on growth, investment, job creation and social security.
VC Circle - Feb 28, 2015 The Finance Minister's Budget speech had all the right notes for the private equity (PE) industry with the government according the much awaited tax pass-through status for the funds. Foreign investors have been seeking clarity on tax pass-through status for ...
International Business Times UK - Feb 28, 2015 India has slashed corporate tax rate by 5%, as the country looks to become more business friendly under Narendra Modi. While presenting the federal budget for fiscal year 2015-16, Finance Minister Arun Jaitley announced that the country's corporate tax rate ...
Definite : Time-bound decisions announced having significant impact on our economy. The long pending implementation of GST will finally see light of the day from April 1, 2016, which will give the much-needed stimulus to the economy. In this budget instead ...
Deccan Chronicle - Feb 25, 2015 There was widespread expectation that it would be a big-bang Budget — like those of Manmohan Singh (July 1991), which changed the face of India, and P. Chidambaram's 1997 "dream Budget", which was hugely pro-business. However, Mr Jaitley's Budget did not have the drama of those budgets. Nor was it pathbreaking in ... Mr Modi is intensely political and has a keen sense of the political impact of economic decisions. He is, therefore, carefully calibrating reformist measures. So far, he has preferred to bring in ...
The Hindu - Feb 28, 2015 Notwithstanding the Union Budget has fallen short of the State's expectations, AP will receive Rs. 2,300 crore less than the projected devolution in the recently released 14{+t}{+h}Finance Commission report. The Finance Commission recommendations ...
Moneycontrol.com - Feb 28, 2015 Finance Minister Arun Jaitley in his first full fledged union budget avoided all sorts of populist measures and delivered a balanced budget. Investors may see the impact of this budget only in the long term. Cut in corporate taxation, commitment to fiscal targets ...
The Indian Awaaz - Feb 27, 2015 NEW DELHI: Expectations of tax breaks ride high on Finance Minister Arun Jaitley"s 2nd budget under the Modi led BJP led NDA government as the Railway Budget has raised hopes of people's comfort and the Economic Survey has predicted robust growth of 8.1 to 8.5 per cent in the coming year based on projections of reduced fiscal deficit, single digit ... Domestic research agency ICRA also expects upward revision in slabs for personal income tax to offset the impact of inflation and support consumption growth.
The American Bazaar - Feb 28, 2015 Rajiv-Theodore NEW DELHI: Scores of 'babus' and their henchmen involved in the annual exercise of producing the Indian Budget, must have heaved a sigh of relief when Finance Minister Arun Jaitley finally read out the Budget for 2015-16, on Saturday.
Myiris.com - Feb 27, 2015 A day ahead of presenting Union Budget 2015-16, Finance Minister Arun Jaitley tabled the Economic Survey in Parliament on Friday which indicates a clear political mandate for reform and a benign external environment now is expected to propel India on to a double digit ... >In the short run, growth will receive a boost from the cumulative impact of reforms, lower oil prices, likely monetary policy easing facilitated by lower inflation and improved inflationary expectations, and forecasts of a normal monsoon in 2015-16.
Telecom Lead (registration) (blog) - Feb 28, 2015 The main negative points that will impact the telecom industry include additional service tax of about Rs 2,500 crore on telecom services impacting consumer and /or operators; excise duty on mobile handsets including cellular phone being increased from 6 ...
Though there will be a bit of a disappointment that there was not much for the individual tax payer, FM Jaitley presented a focusedbudget with incentives for the poor and the industry. ... The net impact of tax proposals is expected to be Rs 15,068 crore.
Pune Mirror - Feb 28, 2015 With a quaint retro-look, the Union Budget presented by Arun Jaitley, walked the Keynesian path of propping the economy on public enterprise, beefing up infrastructure, offering more for engineering and medical education, made welfare state promises and charmed the capital markets with a pull back on corporate taxes. Populism took .... MIRROR In manufacturing, there has been talks of simplifying procedures and dispensing with the initial requirement for permissions, how will that impact business? HALAN
ANINEWS - Feb 28, 2015 ... government has started to implement the promises they had made during the general elections. FICCI's Former President Sidharth Birla called it a 'balanced budget'. He added that the budget talked about less governance which will have good impact in the ...
Bharat Press - Feb 28, 2015 New Delhi: India Inc on Saturday cheered the street map for decreasing corporate taxation, abolition of wealth tax and steps to verify black cash menace, whereas calling the Union Budget a "visionary" doc. "I assume it's a balanced price range. I really feel the ...
New Kerala - Feb 28, 2015 Finance Minister Arun Jaitley Saturday proposed to cut the corporate tax rate by five percent to 25 percent over next four years while increasing the service plus education cess from 12.36 percent to a consolidated 14 percent.
Kaumudi Online - Feb 27, 2015 Aiming for a double digit rate seems feasible very soon," he said while presenting the Budget for 2015-16 in the Lok Sabha. The Central Statistical Organisation (CSO) has recently revised the base year for ... The Economic Survey had yesterday said that growth will receive a boost from the cumulative impact of reforms, lower oil prices, likely monetary policy easing facilitated by lower inflation, and forecasts of a normal monsoon in 2015-16. The government headed by Prime Minister Narendra Modi, which assumed ...
Hindu Business Line - Feb 28, 2015 The expectation was, the Budget would offer incentives to encourage mechanisation in coal mining - especially in environmentally sustainable underground mining - as part of the big-bang agenda to increase fuel production by three times in five years. But the finance minister Arun Jaitley denied looking beyond ... Former CIL Chairman Partha S Bhattacharyya, however, pointed out that the hike in cess may impact the miner's ability for price rationalisation. Traditionally, CIL fetches wafer thin margins on low quality ...
Infotech Lead (registration) (blog) - Feb 28, 2015 However, we'll need to review the notifications before any predictions could be made on the impact on the sector. The economic survey has indicated that a clear political mandate for big bang reforms coupled with a benign external environment can propel ...
The budget retains the focus on financial inclusion, education, health and agriculture. It has increased focus on infrastructure development, housing and manufacturing in India. Overall, budget 2015 is wide in its scope and takes into account the interests of ...
But beyond it, there was no more sher-shairi, as most Budget speeches in the past have been replete with or political taunting of any kind. This ensured that the entire 90 odd minutes speech of the finance minister could be delivered without the customary ...
Computerworld India - Feb 26, 2015 The impact of the inverted duty structure is such that it effectively makes direct import by end customers or trading of IT hardware and ITA goods far more advantageous in comparison to manufacturing of these products in India, thus making Indian ...
NewsHub.org - Mar 2, 2015 10) Although Jaitley tried to present a human face by announcing a slew of low-cost pension and insurance schemes, including the Atal Pension Yojana and the Universal Social Security scheme, the impact of these schemes cannot be assessed for want of ... |
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