All BUDGET EXPECTATIONS
The Budget per se has very little leg room to manoeuvre given that it is in the middle of the year and they had very little time to think over it. So, to expect much from the Budget other than statements of intent or directionally what they want to d
Expect applicability of Section 43D of Income Tax Act. The other is the provisions that are created for NPAs, tax rebate on those provisions which is open to banks and housing finance companies but not yet open for NBFCs.
There has been a lot of commentary on how the GST is now more likely to be a 2015 affairs and not so much for FY14 and that's very good.
Shashi Kiran Shetty
Chairman & MD
Encouraging Coastal shipping & inland waterways through subsidies to manufacturers/exporters will not only decongest the roads but also promote energy saving and cost efficiency in transportation.
Chairman & Country Head
We require a single-window clearance for affordable housing projects, as well as additional incentives in the form of waiver of registration costs, stamp duties, etc.
Head - Financial Planning
I will urge the finance minister to at least double increase in the benefits available under Section 80 C, 80 CCC and 80 CCD(1) to Rs. 2 lacs to boost saving and investment in the country which is the need of the hour.
The ongoing crisis in Iraq, its impact on crude prices and fears of weak monsoon at home, could make Finance Minister Arun Jaitley's job difficult as he may not be able to roll-out subsidy cuts.
MD - Institutional Equity Research
Expect to see a few sops being granted to sectors that are huge job creators - such as textile, construction, SME, among others
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