Considering the run up to Union Budget 2017, the expectations of ‘feel-good‘ factors being featured in the budget proposals are pretty high. A few more tax and policy initiatives are required to shore up sentiments among investors, both domestic and foreign.
The FM may also have to sweeten the Union Budget 2017 for the people of India, at large, who have faced some hardships due to demonetisation; and also to promote digital transactions and head towards a cashless economy.
2016 was a busy year of policy overhaul for the energy sector. The government introduced policy reforms, with the new Hydrocarbon Exploration and Licensing Policy (‘HELP‘) replacing the earlier NELP regime.
Ahead of the Budget, CNBC-TV18, Forbes India and BMR Advisors conducted pre-budget poll of select CEOs to ascertain the expectations of India Inc from Budget 2017.
DPP 2016 has unveiled a unique procurement category under the heading ‘Buy – Indian (IDDM)‘ (Indigenously Designed, Developed and Manufactured) as the preferred mode of defence procurements by the government.
In the coming few months, the real estate sector is set to undergo a revolutionary transformation with the onset of Goods and Services Tax (‘GST‘) and the Real Estate Regulation Act (‘RERA‘), both of which are expected to be significant game changers.
"Now today, it feels that the law does take some time, but eventually you get justice. It's a great feeling of relief and I must say that the faith in the judiciary is definitely restored", says Deep Kalra, Chairman and CEO, MakeMyTrip.
While Walmart's ongoing deliberation on introducing private labels might be a genuine compromise on its global multi-brand business model, from a regulatory standpoint it could provide them entry in the market.
In this final edition of our ground report from New Delhi railway station, CNBC-TV18's Shweta Kothari brings you all that has changed in the New Delhi station in last two years and all that hasn't.
Snapdeal's Co-Founder Kunal Bahl believes the government is finally clearing the bottlenecks, which will impact positively for Indian market.
Pranav Sayta, Partner at EY India feels it would have been helpful if a clear roadmap was provided on rationalisation of exemptions and incentives.
BMR Advisors define the expectations from the energy sector from Union Budget 2016
More budgetary support for creation of technological infrastructure is required to complement Government‘s flagship initiatives such as ‘Digital India‘, ‘Start-up India‘, ‘Smart Cities‘ and ‘Skill India‘.
Financial services sector needs a special thrust in the Union Budget 2016, especially given the government‘s desire to augment the existing infrastructure in the country.
To balance the books from the cut, the government will have to withdraw some incentives and benefits. But Parikh isn't sure which exemtions will be removed.
As per the Insurance Laws (Amendment) Act 2015, the foreign investment cap in the insurance sector has been increased to 49 percent, as well as permitting overseas reinsurers to open branch offices to carry out reinsurance business in India.
Special investigating Team (SIT) has come our with its recommendations for Sebi to keep a check on the issue of growing Black Money in India and abroad via equity market. Here, are some experts with the recommendation's pros and cons.
According to a poll, the government still enjoys high approval ratings from corporate India. The two areas where there is clearly some displeasure include maiden Budget and a continuation of tax uncertainty.
Tax authorities are said to have served notices to foreign institutional investors over unpaid Minimum Alternative Tax (MAT) of the previous years, triggering protests from the overseas investors.
Providing an all-new platform for startups in order to discourage them from listing overseas, the Securities and Exchange Board of India (Sebi), has floated discussion paper on alternate listing platform.
Adi Godrej, chairman, Godrej Industries is confident that the constitutional amendment to goods and services tax (GST) will be passed in this Budget session. He expects FY16 GDP to be around 8.4-8.5 percent.
The impetus to Infrastructure, Agriculture and Education sectors is laudable though the much expected big bang reforms are yet in the waiting.
Enhanced budgetary allocation (more than USD 100bn) for investments in next five years towards capacity building and infrastructure development is bold and ambitious.
Union Budget can significantly reduce ambiguity of legislation which will reduce the incessant tendency to litigate, both on part of the taxpayer and the Department. The Government has already initiated that process by choosing not to appeal the transfer pricing cases.
The Budget must exclude standard payments, such as, routine telecommunication / connectivity charges, payments for shrink wrapped software, etc, from definition of ‘royalty‘ in line with conventional and acceptable international standards to reduce unwarranted tax disputes, says BMR