All BUDGET EXPECTATIONS
The budget has clamped down heavily on the use of unaccounted-for money and given more incentives for the use of online money payments and transfers.
Chairman & Country Head
For the common man, though the cumulative savings implied by various provisions are stated to be to the tune of Rs 4.44 lakh, this is assuming a certain magnitude of personal investments into pension funds and health insurance.
Head - Equities
The union budget factors a higher GDP growth of 8 - 8.5% for the next year and aims at a fiscal deficit target of 3.9%.
The 2015-16 budget presented today, is very progressive budget, which has measures on one hand to propel India to a new trajectory of growth, and on the other, seeks to provide support to the weaker sections of society.
Except for REITs and curbing of benami transactions there was no specific mention alluding to the Real estate sector this time around unlike the last budget presentation.
'Innovative steps to improve ease of doing business' The proposal to progressively reduce corporate tax to 25% in 4 years time is a move towards rationalizing the corporate tax regime.
Group GM & CEO
A mix of big long-term reforms and some sharp short-term measures, it is just the perfect Budget that the Indian economy needed to achieve sustainable growth.
RSM Astute Consulting
In order to instill the foreign investor confidence and to promote new technologies in India, this budget has proposed to restore the rate of royalty or FTS at the rate of 10% which is a welcome move.
MD & CEO
Currently, over 78-80% of health care expenses are funded by the Indians out of their own pocket and this move of increasing tax benefits for health insurance will encourage people to increase their coverage.
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