Assocham Secretary General D S Rawat said at the present juncture, global equity investors have been showing quite a bit of interest in the Indian market.
Given the need for specialized participants in housing finance focused on smaller towns and unexplored customer segments the norm of Rs 300 crore net owned funds may be brought down to Rs 100 crore. This will ensure long term resources and affordable cost for mid level HFCs more focused on the target customer segments.
The Planning Commission today said the biggest challenge before India is to improve investment climate, and the initiativetaken by the government in setting up a review panel on GAAR has sent the right signal.
CNBC-TV18 reports that Prime Minister Manmohan Singh's tenure as finance minister is about holding back nearly all those decisions regarding GAAR announced in Budget 2012-13
Providing comfort to worried foreign investors, Finance Minister Pranab Mukherjee today said the Income Tax Department will not re-open cases where assessment proceedings had been finalised before April 1, 2012.
The Ministry of Petroleum and Natural Gas is demanding an increase in excise duty on diesel cars with a view to discouraging consumption of subsidised fuel by personal vehicle owners.
India's reputation takes a beating as the government plays ducks and drakes with policy
The Finance Ministry is going to reply to the Vodafone notice on the retrospective tax proposal after the passage of the Finance Bill in Parliament as the matter is related to it. Sources said the reply is likely to quote China and UK retrospective amendments in support of the Indian proposal.
SPA Research has come out with its report on auto industry. As per the research firm, demand in tractors may pick up from May, as farmers starts realizing proceeds from rabi crops and improvement in crop prices. The auto industry is expected to grow at a rate of 10-12% in 2012-13.
Maharashtra in its Budget 2012-13 imposed taxes on sale of items like beedis, dry fruits and LPG for domestic use and increased levies on diesel cars and jeeps.
Speaking to CNBC-TV18, HD Khunteta, director of finance at Rural Electrification Corporation says that the company is planning on raising USD 1 billion through FCCB and USD 500 million through the ECB route.
The most laudable aspect about Budget 2012-13 is the launch of the National Urban Health Mission. For years, the healthcare focus has been on the rural poor, ignoring the fact that in the past few decades many of them have been migrating to cities in search of livelihoods.
Speaking to CNBC-TV18, Nilesh Parikh, chairman of Shree Ganesh Jewellery says that the mismatch between import of gold bars and jewellery could be a loophole that jewelers will now look to exploit.
BMR Advisors analyses on tax-amendments and sector overview for budget 2012-13.
R Gopalan, Economic Affairs Secretary, one of the key officials who was involved in the Budget making exercise says that the Budget has delivered on emphasis for growth, fiscal consolidation and tackle inflation.
The market fell a bit on the Budget day and today, we have carried on the downtrend from there. It's not like a huge amount of damage has happened, but counting Budget day in, we have lost about 2.5% in two days which is not very comforting, says Udayan Mukherjee, managing editor, CNBC-TV18.
Maximus Securities has come out with its report on budget 2012- 13.
KRChoksey has come out with its report on Budget 2012-13. Higher fiscal deficit and government borrowings continues to act major macro headwinds.
Dolat Capital has come out with its report on budget 2012- 13.
Get ready to pay more for automobiles as the excise and customs duty has been hiked in the Union Budget 2012-13.
Madhavan Menon of Thomas Cook says, "We expect tour prices to increase due to the cascading effect of the service tax increase- resulting in an adverse impact on the Travel and Tourism industry as a whole."
CNBC-TV18 caught up a panel of guests to discuss their reaction on the Budget and the way forward for the economy. Check out what they say.
CNBC-TV18 catches up with the team from the finance ministry for the first time since the Budget has been presented. Check out the discussion between the expenditure secretary; RS Gujral, finance secretary; R Gopalan, economic affairs secretary and Haleem Khan, disinvestment secretary.
The good thing for Pranab Mukherjee was that few people had any big expectations from the Budget, given the political compulsions of the UPA government.
Given the economic and political circumstances, the FM has presented a pragmatic budget with doses of good intentions for long-term growth but lacked short term punch to get growth going.