Implementation of corporate tax rate in India for digital companies with multiple country presence have been tricky. Apart from the budget, there are other requirements that need to align with the global framework.
There is a need to do away with the concept of MAT, which has been the subject matter of protracted litigation
Finance Minister Nirmala Sithraman will be presenting the first full Budget of the Modi 2.0 government on July 5 amid high expectations from the industry for a big push to the slowing economy.
We expect some announcements/recommendations, including an increase in the refinance support to micro, small and medium enterprises and housing sector- the key focus segments of NBFCs/HFCs, to bolster their liquidity position
Most experts feel the government could focus more on infrastructure and revive the capex and investment cycles. Apart from addressing the liquidity situation, new measures are likely to aid the distress in the agriculture/rural sector
Village electrification done, it’s time for universal access. The road is tough. But a mix of policy and fiscal interventions can turn the dream into reality
All that glitters is not gold. This overegged aphorism perfectly describes the Indian equity market today
Favorable regulations across different online gaming verticals can make the sector more enticing for foreign as well domestic institutional investors, believe industry players.
The travel and tourism industry in India accounts for more than nine percent of the country's GDP
The organisation said the budget should encourage domestic manufacturing with a focus on imports substitution.
There has been delay in payment of salaries to Air India employees as per published reports just like another PSU BSNL
The government needs to ensure that it maintains a fine balance between fiscal prudence and investment-driven growth; an imbalance could either lead to a slowdown or spike inflation
While the government will continue to provide recapitalisation fund of Rs 20,000-30,000 crore each year through the Budget, for which it will use RBI’s surplus reserve transfer, Elara Capital analysts said
The Government must enhance funding allocation for the renewable energy sector to support the development of renewable energy parks and for augmentation of inter-state transmission infrastructures
Most experts feel the government could focus more on infrastructure and rural spending, which are key areas to bring growth back on track
The case for fiscal stimulus is well presented. But that’s not all. For India to become a $5 trillion economy by 2024, doubling down on fiscal reforms cannot be overstated
New project announcements fell 87 percent from a year ago
Indian government should be cautious that global investors have other choices and if the policies and fiscal laws are not eased, the country may become a second choice destination for such investors
There is a lot of talk swirling around the need to reintroduce wealth tax. Since there is an absence of a universal social security cover, taxing wealth additionally may be viewed as a dis-incentive to wealth creation, which is key to retirement
Our prescription is a continued reduction in interest rates while concurrently resolving the transmission challenge, possibly via mandated policies
The 2017-18 survey contains several messages that the government should use in formulating medium-term policy
It’s necessary for household savings to rise to ensure there are enough funds for capital formation in the economy. If savings do not go up, the current account deficit will bloat when the capex cycle turns.
Capex fell during the first two months of the fiscal year
It come at a time when the consumption demand is not growing fast enough, investment is tapering and exports are falling.