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Budget News

  • Fiscal discipline, not a choice but a necessity

    Fiscal discipline, not a choice but a necessity  

    The midyear review of the economy by the chief economic advisor makes a strong case for fiscal loosening next year. The review argues that private investment and global growth are likely to remain anaemic.

    05 Jan 2016, 11.52 am  |  Source: Moneycontrol.com

  • Fiscal deficit target must be realistic and credible: ICRA

    Fiscal deficit target must be realistic and credible: ICRA   

    The government's Mid Year Economic Review, released last week, had said the government should consider revising fiscal year 2017's fiscal deficit target from 3.5 percent currently -- with media reports pegging the new target at 3....

    05 Jan 2016, 11.52 am  |  Source: CNBC-TV18

  • UDAY may not bring sunrise to states` fiscal health

    UDAY may not bring sunrise to states' fiscal health   

    The Union Government may have come out with the UDAY scheme to bail out stressed state power distribution companies (discoms) but the scheme's plan to shift discoms' debt burdens to state governments is likely to throw their fisca...

    05 Jan 2016, 11.52 am  |  Source: CNBC-TV18

  • Govt spent Rs 7,637 cr for metro projs so far this fiscal

    Govt spent Rs 7,637 cr for metro projs so far this fiscal  

    Urban Development Minister M Venkaiah Naidu said during the Question Hour that various measures are being taken to improve public transport and parking spaces in various cities.

    05 Jan 2016, 11.51 am  |  Source: PTI

  • Committed to maintaining FY17 fiscal deficit target: Govt

    Committed to maintaining FY17 fiscal deficit target: Govt  

    The Ujjwal Discom Assurance Yojna (UDAY) scheme, to bail out the various state power distribution companies, may put an additional burden on the fiscal target.

    05 Jan 2016, 11.51 am  |  Source: CNBC-TV18

  • Economy to grow over 8% this fiscal: Panagariya

    Economy to grow over 8% this fiscal: Panagariya  

    In the first half of the current fiscal, the GDP growth stood at around 7.2 percent and is expected to cross the 8 percent-mark in 2015-16, Panagariya said.

    05 Jan 2016, 11.51 am  |  Source: PTI

  • GST being delayed for `collateral reasons`: Jaitley

    GST being delayed for 'collateral reasons': Jaitley   

    Addressing the annual general meeting of industry chamber Ficci, Jaitley said, "I have no doubt in my mind that attempt to delay (GST) is entirely for collateral reasons. And the only collateral reason I suspect is if I couldn't d...

    05 Jan 2016, 11.50 am  |  Source: PTI

  • India did well in year of global economic turmoil: Jaitley

    India did well in year of global economic turmoil: Jaitley  

    Voicing "great satisfaction" over performance of the Indian economy in "a year of turmoil and volatility" globally, Finance Minister Arun Jaitley today dismissed grumblings about the economy not having taken off as "cynicism -- a ...

    05 Jan 2016, 11.50 am  |  Source: PTI

  • FM says almost certain GST rate will be much less than 18%

    FM says almost certain GST rate will be much less than 18%   

    GST is intended to create a single market and boost commerce in India's $2 trillion economy, but the bill, which was passed by the lower house of parliament, has been blocked in the upper house where Prime Minister Narendra Mo...

    05 Jan 2016, 11.49 am  |  Source: Reuters

  • Is GST a boon for FMCG sector or not? EY expert decodes

    Is GST a boon for FMCG sector or not? EY expert decodes   

    Reports suggest the FMCG sector contributes a significant USD 6.5 billion in direct and indirect taxes.

    05 Jan 2016, 11.48 am  |  Source: CNBC-TV18

  • GST doable in 2016; in constant touch with Congress: FM

    GST doable in 2016; in constant touch with Congress: FM  

    GST, which seeks to simplify and harmonise the indirect tax regime across the country with a single uniform rate, has been stuck for many years in a political gridlock.

    05 Jan 2016, 11.48 am  |  Source: PTI

  • May see one RBI rate cut post Budget: JP Morgan

    May see one RBI rate cut post Budget: JP Morgan   

    The RBI has cut repo rate four times (125 basis points) since January 2015. But the banks, Governor Rajan highlighted, have passed on less than half of the rate cuts to customers.

    05 Jan 2016, 11.47 am  |  Source: CNBC-TV18

  • FinMin asks states to follow J&K`s Budget format

    FinMin asks states to follow J&K's Budget format  

    "The new budgetary format and classification rolled out by Jammu and Kashmir government earlier this year is being emulated by all the states in the country," an official spokesman said.

    05 Jan 2016, 11.47 am  |  Source: PTI

  • India proposes federal budget hike for social sectors

    India proposes federal budget hike for social sectors  

    The government plans to raise its sanitation and drinking water budget by 60 percent to USD 2.15 billion, while the child welfare budget will rise by a quarter to USD 2.68 billion.

    05 Jan 2016, 11.47 am  |  Source: Reuters

  • Govt hopes to follow 2015/16 budgeted fiscal gap target:FM

    Govt hopes to follow 2015/16 budgeted fiscal gap target:FM  

    Jaitley has pledged to narrow the deficit to 3.9 percent of GDP in this fiscal year from 4.0 percent in 2014/15.

    05 Jan 2016, 11.46 am  |  Source: Reuters

  • Modi seen pivoting from roads to fields in next budget

    Modi seen pivoting from roads to fields in next budget  

    Modi splurged on roads and railways this year in a strategy to spur economic growth. But it came partly at the expense of federal programmes for farmers and the poor, suffering through back-to-back drought years.

    05 Jan 2016, 11.46 am  |  Source: Reuters

  • Hope GST gets passed in next Budget session: Rajan Mittal

    Hope GST gets passed in next Budget session: Rajan Mittal   

    Here is what Rajan Mittal, Vice Chairman and Managing Director of Bharti Enterprises have to say about the delay in goods and services tax (GST) bill.

    05 Jan 2016, 11.46 am  |  Source: CNBC-TV18

  • Budget 2016: Exempted items in excise list may get shorter

    Budget 2016: Exempted items in excise list may get shorter   

    The government may bring down the number of exempted items to around 90 goods from current 300, which is closer to the number of items exempted by the state value added tax

    23 Dec 2015, 7.56 am  |  Source: Moneycontrol.com

  • Is govt planning to hike service tax rate in Budget 2016?

    Is govt planning to hike service tax rate in Budget 2016?  

    Since coming to power, the NDA government has already increased the service tax rate once. It was increased from 12.36 percent to 14 percent this fiscal year, along with an imposition of Swachh Bharat cess of 0.5 percent on all se...

    22 Dec 2015, 3.01 pm  |  Source: Moneycontrol.com

  • Corporate tax may be cut by 1% in Union Budget, say sources

    Corporate tax may be cut by 1% in Union Budget, say sources   

    The government is trying to cut corporate tax from the current 30 percent to 25 percent in the next four years.

    24 Nov 2015, 3.51 pm  |  Source: CNBC-TV18

  • FinMin seeks public comments for Budget 2016-17

    FinMin seeks public comments for Budget 2016-17  

    The annual financial statement, which lays out the government's taxation proposals and expenditure plans for the fiscal, is generally presented on the last working day of February.

    23 Sep 2015, 10.18 am  |  Source: PTI

  • Sensex can slip to 22K, FY16 GDP sliced to 6.8%: Ambit Cap

    Sensex can slip to 22K, FY16 GDP sliced to 6.8%: Ambit Cap   

    China's slowing economy will take a heavy toll on the Indian economy with high chances of Sensex sliding to 22,000 by year-end, warns Ambit Capital's Saurabh Mukherjea.

    01 Sep 2015, 7.39 am  |  Source: CNBC-TV18

  • FinMin advances Budget preparation exercise by over 2 mths

    FinMin advances Budget preparation exercise by over 2 mths  

    The budget exercise, which normally starts during later part of October, involves consultations with several interest groups like industry, traders bodies and trade unions.

    21 Aug 2015, 10.37 am  |  Source: PTI

  • Union Budget 2015: TDS rules on fixed deposit interest become more stringent

    Union Budget 2015: TDS rules on fixed deposit interest become more stringent  

    The budget proposes to make present TDS limit for tax deduction applicable in respect of fixed deposits with all the branches taken together, as compared to each branch earlier

    23 Jun 2015, 11.44 am  |  Source: Moneycontrol.com

  • Union Budget 2015: REIT should be more tax efficient : Colliers International

    Union Budget 2015: REIT should be more tax efficient : Colliers International  

    Real estate sector saw some cheer in last budget when Finance Minister announced some positive measures for real estate sector. The forthcoming budget should offer tax efficiency to REIT, more incentives to housing among other muc...

    08 May 2015, 6.22 pm  |  Source: Moneycontrol.com

  • Union Budget 2015: Re-introduce interest subvention: Cushman Wakefield

    Union Budget 2015: Re-introduce interest subvention: Cushman Wakefield  

    Real estate sector has high hopes from the forthcoming Union Budget. Sanjay Dutt of Cushman Wakefield lists sector expectations from budget.

    08 May 2015, 6.22 pm  |  Source: Moneycontrol.com

  • Give big tax breaks for single home buyers: Rohit Gera

    Give big tax breaks for single home buyers: Rohit Gera  

    The government should modify registration act and deny registration of property if TDS Certificate and Completion Certificate are not produced.

    08 May 2015, 6.20 pm  |  Source: Moneycontrol.com

  • GST- A positive development for Real Estate

    GST- A positive development for Real Estate  

    The Government could also play a part in softening its position relative to Mutual Agreement Procedure in the treaties, specifically by allowing for bilateral Advance Pricing Agreements (APAs) even in cases where Article 9(2) deal...

    08 May 2015, 6.19 pm  |  Source: Moneycontrol.com

  • Budget 2015: Increased tax sops can propel demand for homes, says Pride

    Budget 2015: Increased tax sops can propel demand for homes, says Pride  

    If the annual budget increases the tax deduction on home loans, it becomes an additional incentive for people to buy homes

    08 May 2015, 6.18 pm  |  Source: Moneycontrol.com

  • Committed to cut corp tax to 25% in 4 yrs: Jayant Sinha

    Committed to cut corp tax to 25% in 4 yrs: Jayant Sinha   

    The government is hoping to roll out the GST from April 1, 2016 and the ideal rate for it will be the one which is revenue neutral, Sinha added.

    30 Mar 2015, 9.25 am  |  Source: CNBC-TV18

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