Budget 2025-26 has limited room for tax cuts but it could have a strong signalling effect on private investment and job creation, says economist and author Ajit Ranade.
Ranade expects crude oil prices to inch up to $90-95 a barrel in the near term, widening the current account deficit.
Speaking to CNBC-TV18 Ajit Ranade, Chief Economist at Aditya Birla Group said that he believes there is a need to increase duration of long-term capital gains window to 3 years from 1 year while maintaining the tax rate at 0 percent.
GST, says Chief Economist of Aditya Birla Group, will benefit manufacturing companies and do away with all hindrances to inter-state commerce. It will help such companies decrease the burden of entry taxes into states and logistics costs.
On industry's demand for anti-dumping duty on copper, Ravi Capoor Joint Secretary Ministry of Commerce and Industry asked the industry to push for safeguard duty as was done in the case of steel.
NITI Aayog Vice-Chairman Arvind Panagariya, Chief Economic Adviser Arvind Subramanian and Reserve Bank Deputy Governor Urjit Patel were present. Besides, the meeting was attended by Finance Secretary Ratan P Watal, Economic Affairs Secretary Shaktikanta Das, Revenue Secretary Hasmukh Adhia and Financial Services Secretary Anjuly Chib Duggal.
Close to a 100 CFOs spent two and a half days huddled at the Fairmont in Jaipur, debating the thought provoking theme 'An Edgy New World'. ...
On scrapping the Planning Commission, Ranade says talks of revamping the Commission had been on since 1990s. The Planning Commission in its latest form had become just a de-facto Budget allocator, he adds, which was not the original idea.
Das said the incoming government needs to abolish at least 70 clearances if manufacturing in the country has to be boosted. There was also a need to reform senseless labour laws and at the same time have a labour welfare fund.
In a panel discussion with Latha Venkatesh of CNBC-TV18, Rashesh Shah Chairman & CEO, Edelweiss Group, Seshagiri Rao Jt MD & Group CFO, JSW Steel, MS Unnikrishnan MD, Thermax and Ajit Ranade Chief Economist, Aditya Birla Group spoke about their expectations from the new government.
It was necessary for the PM to make a statement because if you want to invite investment, says Ajit Ranade, chief economist, Aditya Birla Group.
Ajit Ranade, chief economist, Aditya Birla Group, in his analysis of the tax structure in India on CNBC-TV18, explains that the government in Budget-2013 needs to simplify the tax code, bring in more number of people under the tax net and boost growth and investment.
Shubhada Rao, chief economist, YES Bank and. Ajit Ranade, chief economist, Aditya Birla Group discuss the probability of the much-expected cut in rates and explains other attendant issues on CNBC-TV18.
CNBC-TV18's Lata Venkatesh speaks to Samiran Chakraborty of Standard Chartered Bank, Ajit Ranade of AV Birla Group and Moses Harding of IndusInd Bank to discuss the challenges ahead for the rupee.
The credit policy poll indicates it will probably be a 25 basis points hike in the reverse repo and repo from RBI. But wouldn't that be too little in a situation where inflationary expectations seem to be clearly running away? Experts discuss.