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Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government, on March 18, 2017, proposed to set up a special purpose vehicle (SPV) to R
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In its 2017-18 budget, the West Bengal government has slashed the stamp levy to 2% from the prevailing 6%-7% and the registration fee to 1% from 1.1%. In order to avail the benefit of R
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There are many with income above basic exemption limit who do not file returns even though it is mandatory. However, stiff penalties proposed to levied in Budget 2017 for late filing would ensure that taxpayers file their returns in time.
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"Such action will allow developers to borrow at lower interest rates and provide tax exemptions to the construction industry that has witnessed a reduction in launches and sales these last few years," Moody's said in a statement.
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A more diversified CPSE ETF should provide plenty of wealth creation and value unlocking opportunities for retail investors, experts say.
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Affordable housing being given Infrastructure status is a welcome move and will help in the Housing to all by 2022 mission – it is a big and positive move for developers, banks and housing finance companies.
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The Budget has a positive tone and is in the right direction. The focus on the infrastructure and manufacturing sector will benefit lubricant manufacturers, since we expect this to boost consumer demand in the B2B and B2C market segments.
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The Union Budget has undertaken a fine balance between fiscal prudence and spending by slightly increasing the fiscal deficit target to 3.2 percent of GDP for FY18.
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Along with experts interpreting the budget, Girija Pande, chairman of the Singapore-based Apex Avalon Consulting Pte Ltd, also applauded the decision to abolish Foreign Investment Promotion Board (FIPB), saying it had "long outlived its utility and was a hurdle to large foreign investments into India".
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From a macro point of view, the Budget presented by the Finance Minister is a growth-oriented one with special focus on rural, agriculture and infra sectors.
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The Budget presented today focusses on ramping up spending on infrastructure, provides the necessary impetus to Housing for All program and continues the structural reforms initiated couple of years ago.
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Association for Democratic Reforms (ADR) keeps a close tab on elections as well as related topics, including on finances of political parties.
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A big infrastructure push along with a substantial hike in provisions for the National Highways in the Union Budget for 2017-18 is a major takeaway and I congratulate the Finance Minister for the growth oriented approach.
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Speaking to CNBC-TV18, Anupam Jindal, Chief Financial Officer of Sterlite Tech, said the company is exploring the possibility of not just supplying fibre optic cables for the project, but also laying them out.
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Finance Minister Arun Jaitley presented the Budget for next fiscal in Parliament yesterday in which he planned to cut fiscal deficit to 3.2 percent and 3 percent of GDP for next financial year and 2018-19 respectively. The deficit in the current fiscal is estimated to be 3.5 percent of GDP.
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It is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make such donations.
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Since Government‘s emphasis on defence preparedness has been the Central theme, we would have been happy if some incentives by way of tax exemption or deferment on loan payments would have been announced for domestic industry.
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The Union Budget 2017 has focused on India‘s agriculture sector and the country's farmers to drive growth in rural India while continuing to propel the nation‘s economic engine.
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In line with the PM‘s vision to dismantle bureaucracy, the FM‘s announcement to abolish the FIPB and further liberalize the FDI policy deserves a round of cheer! The government‘s continuous focus to bolster the digital economy is definitely applause-worthy.
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According to Anant Maheshwari, President, Microsoft India, Finance Minister has presented a balanced Budget, underlined by the continued push to using technology to aid a digital economy.
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Anil Sardana, MD & CEO, Tata Power is of the view that the efforts that the government has undertaken to bring a positive structure into the economy by moving towards a policy based administration with an increased focus on digitisation.
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Gagan Banga, Vice Chairman and Managing Director, Indiabulls Housing Finance is of the view that the Government is on a fast track mode - building a sustainable ecosystem for both developers and home buyers.
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Of the total budget, Archaeological Survey of India would get Rs 924.37 crore while Rs 243.01 crore have been earmarked for centenaries and anniversaries of famous personalities, celebrations and schemes, according to the Budget presented by Finance Minister Arun Jaitley in Parliament .
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The Finance Ministry has increased allocation for its ambitious Namami Gange programme from Rs 2150 crore for the on-going fiscal to Rs 2250 crore for next financial year, according to the Water Resources Ministry.
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MSIPS provides subsidy for capital expenditure - 20 percent for investments in special economic zones (SEZs) and 25 percent in non-SEZs.
