The technological advancements made in the rail sector give a positive message but demand huge capital investment, which will require private participation.
These bonds are fixed debt instruments issued by the government -- either in domestic or foreign currencies -- and it's as good as raising a loan in the international market.
The stock market was left deeply disappointed by two measures in the Budget
The SEBI Employee Association (SEA) has written a letter to the Prime Minister’s Office (PMO) seeking revocation of the proposal, saying that it will affect the autonomy of the regulator and hamper its working and that of the securities market
The government’s move to resolve the Angel Tax issue by eliminating scrutiny around valuation of share premium will act as a catalyst in driving investment towards the start-up segment.
"Doing away with the scrutiny of valuation of documentation on angel tax is an excellent step that will help facilitate funding," Nasscom Executive Council member Kunal Bahl said.
The Centre’s plans to take Internet connectivity to every panchayat of the country, through its ambitious Bharat Net program will ensure the entire country benefits from the digital revolution.
Overall, the budget has responded comprehensively to the sector’s requirements by way of adequate fund allocation, better understanding of regulatory shortcomings and streamlining foreign investments into the economy.
Services of exploration, mining or drilling of petroleum crude or natural gas or both, witness a GST rate revision from 18 percent to 12 percent. In the coal mining industry, this will improve the inverted-duty structure situation a bit
Clear winners from the Budget are NBCC, L&T; and Cement manufactures such as UltraTech Cement, ACC. Infrastructure push to continue with more rigour
The industry expects this move to promote the growth of startups as people will be encouraged to invest in the sector for tax exemptions.
The Finance Minister said she hoped normalcy in the NBFC space would be restored in six to seven months’ time and that the RBI should see NBFCs quickly address the problems
According to the TMC MP, the Aadhaar Bill 2016 lacks transparency
The special additional excise duty will increase government's gross revenue collections from petroleum products, which ultimately helps Centre to keep fiscal deficit in check and fund expenditure.
Sitharaman added that business establishments with an annual turnover of Rs 50 crore would have to provide digital payment modes to customers at no extra charges or merchant discounts, on either customers or merchants.
Finance Minister Nirmala Sitharaman presents her maiden Budget in Parliament today. Here are the key takeaways from the Budget speech.
One of the aims is to direct the much needed flow of investments to the country's infrastructure sector via debt instruments.
Sitharaman added that the government would expand the women self-help group interest subvention programme to all districts and provide loans of up to Rs 1 lakh.
While India Inc would want a reduction in corporate tax and relief with regard to Minimum Alternate Tax and Angel Tax, the middle class is hoping for a reduction in income tax.
The first budget after a general election should see the most fiscal discipline because the political cost is the lowest, he said in an interview with CNBC-TV18.
Now that the NDA has got its thumping mandate, it’s time for the real deal. The first Union Budget in NDA 2.0 and the first one by Nirmala Sitharaman, the freshly minted finance minister.
Group Consulting Editor at Moneycontrol, Manas Chakravarty, talks about India's growth story and compares it with other countries.
"If the impact of stress in the NBFC sector spills over to this year as well, it may lead to lower credit offtake from NBFCs, which may dampen growth in consumption spending," the Survey said.
The Indian banking sector has been reeling under the pressure of rising bad loans. However, lenders, including state-run banks, showed improvement in the asset quality.
In this edition of Budget Bytes, Nilesh Shah, MD of Kotak AMC, talks about the expected reforms from the budget, and other recommendations.