Since, house is one‘s biggest financial asset introducing income tax exemption on premium paid will push more people to opt for home insurance.
Goldman Sachs believes near-term demand is likely to be weak due to monsoons, which could lead to seasonal weakness in prices but it remains structurally positive on the medium-term demand and supply outlook (especially after monsoon).
In India, the disbursal of 7th Pay Commission hikes to central government employees, softer lending rates and lower oil prices are expected to support discretionary spending.
As more corporate bonds are issued to a wide array of investors, there is a high possibility that the liquidity in the bond market will improve.
EPC is an micro irrigation company which has been working closely with the farmers, says ED, Ashok Sharma.
Find out how you can benefit from the budget by asking questions and using your knowledge.
Alok Patnia explains government‘s five point agenda for personal taxation in India.
The article captures the impact of Union Budget 2016 on IT and ITES sector.
Mayank Asher, CEO of Cairn India says that 20 percent ad valorem cess will bring slight relief for energy companies.
With this transaction, total sum of securitisation completed during the financial year is Rs 1,567.21 crore.
Measures such as lower corporate rate for small enterprises, increased turnover limit under Presumptive taxation scheme under section 44AD of the Income Tax Act for assessees in MSME category and few others are welcome move for SME players.
The expansion and betterment of roads will not only generate additional jobs, but will also boost commercial vehicle demand, addressing to some extent.
As the Budget has not done anything regarding industry‘s key asks, it would be characterised as neutral for the sector.
While there have not been any sector specific major proposals or any significant reforms and while GST is still a dream, there is a visible shift in the tax regime towards long term stability and reliability.
While finance minster displayed good endeavors to maintain country‘s journey on path of fiscal consolidation, he disappointed big businesses who expected to see FM snip corporate tax rate.
With an aim to ensure uninterrupted supply and give an overall boost to the food sector, the Government has proposed various agrarian driven measures.
Union Budget 2016 revolved around the themes of â€˜Make in India‘ and â€˜Ease in doing business in India‘
The Union budget 2016-17, addresses the key issues of Indoor Air Pollution in Rural Households by emphasising on improved access of subsidized LPG to BPL rural families. A budget allocation of Rs 2000 crore has been made.
This Budget has laid down the roadmap for taking India to the next level of growth. We not only see a clear direction in which the economy is going to be steered but also the key milestones that we need to cross on the way.
The Union Budget for 2016-17 did not address some of the key concerns regarding the oil and gas sector even as it announced a new scheme to encourage the adoption of LPG for cooking in rural India among below poverty line (BPL) households.
Acting in the need of the hour and realising that a robust real estate sector can help push India‘s growth further, the government introduced a slew of measures aimed at reviving the sector and bringing a cheer to the industry players.
Direct tax proposals from the Finance Minister did not seem to be major game changer
Overall budget has tried to strike a balance in promoting manufacturing sector and at the same time keeping fiscal deficit intact through emphasis on Make in India & Skilling India and special focus to key social initiatives
On one hand the industry would take a sigh of relief as this would render such transactions outside the purview of VAT however, on the other hand levy of Service tax would result in significant blockage of funds in credits.
In the words of Chanakya, â€œGovernments should collect taxes like a honeybee, which sucks just the right amount of honey from the flower so that both can survive".