Feb 26, 2015 at 12:50 | Source: Moneycontrol.com
The year 2012 was a year for retrospective amendments whereby the Central Government carried out multiple controversial amendments. The move of the Government not only deteriorated the investment climate of the country but also created a fuss as to the certainty of income tax implications under Indian tax laws.
Feb 23, 2015 at 22:10 | Source: CNBC-TV18
According to a central government study, Indian cities faced a shortage of about 1.8 crore houses in 2012. KPMG says that number could go up to 4.4 to 4.8 crore homes by 2022. It estimates a massive investment of USD 2 trillion would be required to build these houses over the next seven years.
Feb 05, 2015 at 22:07 | Source: CNBC-TV18
The 2012 Budget had brought terms such as "retrospective taxation" and "GAAR" - short for General Anti Avoidance Rules - to daily discourse, much to the displeasure of global investors. Three years hence, the call for reigning in these provisions has reached a crescendo with high hopes from the "Make in India" Budget 2015, reports Ashmit Kumar.
Aug 25, 2014 at 16:19 | Source: Moneycontrol.com
CARE Ratings has come out with its report on RBI's annual report 2013-14. According to the rating agency there are signs of a pick-up in the economy. "GDP growth will range between 5.2-5.5% and a clear view will emerge when the impact of monsoon on kharif crop is obtained", says the report.
Aug 18, 2014 at 09:45 | Source: Moneycontrol.com
Arora Fibres had made a provision of Rs 30,246,000 for payment of Excise Duty during the year 2011-2012. This was necessitated by retrospective amendment in the union budget 2012. The Finance Act 2014 as passed by the Parliament has done away with this retrospective amendment providing relief for the Company.
Jul 20, 2014 at 17:37 | Source: PTI
It said that Rs 62,543 crore was pending at the end of March 2011, Rs 70,572 crore at the end of March 2012 and Rs 1,02,581 crore at the end of March 2013.
Jul 11, 2014 at 10:34 | Source: CNBC-TV18
The Budget has proposed raising exemption limit from Rs 1 lakh to Rs 1.5 lakh. There were little over 3.5 crores tax assesses in India in 2013. That means tax payers would have to invest up to additional Rs 175,000 crore to avail this benefit. That's a whooping amount that could be invested in various financial instruments.
Jul 10, 2014 at 16:32 | Source: CNBC-TV18
Hindalco and Tata Power were up 3 percent each while GAIL, Coal India and HDFC were top gainers in the Sensex. Among the losers were Hero Moto, TCS, M&M, SBI and Bharti Airtel. Eventually, Jaitleys Budget did not score high on specific action plans.
Jul 10, 2014 at 15:24 | Source: Moneycontrol.com
A section of the market feels that FM Arun Jaitleys target of 19.7 percent growth in tax revenues for FY15 may appear ambitious, considering that monsoons could be below average, and the economy is still not showing clear signs of recovery. But that may be taking too cynical a view.
Jul 10, 2014 at 15:16 | Source: CNBC-TV18
Hero Moto is down 4 percent while TCS, Bharti, SBI and ICICI Bank are major losers in the Sensex. Arun Jaitleys Budget can be likened to a soccer match that turned dramatically in the second half, judging by the market reaction. The Finance Minister had asked for a five-minute breather midway into his speech, and was granted that by the Speaker.