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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.
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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
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According to the TMC MP, the Aadhaar Bill 2016 lacks transparency
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She also announced that the government would invest widely in agricultural infrastructure and support private entrepreneurships in driving value-addition to farmers' produce from the field.
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"The government has addressed both these issues in the interim budget," said infrastructure experts.
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In an interview to CNBC-TV18's Shereen Bhan, Anita Kapoor, Chairperson of CBDT & Kaushal Srivastava, Chairperson of CBEC, gave their take on Arun Jaitley's Union Budget, the projections made therein and reflect upon the tax changes the government has brought in.
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Rohan Shah, Managing Partner, ELP told CNBC-TV18 that in the short-term the tax for Corporate India has gone up and the hike in service tax was also on cards.
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In an interview to CNBC-TV18's Shereen Bhan, Arvind Subramanian, Chief Economic Advisor and Rajiv Mehrishi, Secretary, Finance gave their take on Arun Jaitley‘s Union Budget.
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In an interview to CNBC-TV18's Shereen Bhan, Aradhana Johri Secretary, Divestment and Hasmukh Adhia Secretary, Financial Services gave their take on Arun Jaitley‘s Union Budget.
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In the Union Budget 2015-16 the Finance Minister Arun Jaitley announced a divestment target of Rs 69500 crore, higher than the previous fiscal's target of Rs 58,425 crore. Speaking to CNBC-TV18, Revenue Secretary Shaktikanta Das said the target looks realistic.
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Watch the interview of Sudarshan Sukhani, s2analytics.co, Siddarth Bhamre, Angel Broking, Prakash Diwan of Altamount Capital Management and Mehraboon Irani of Nirmal Bang Securities in which they shared their readings and outlook on market, specific stocks, Union Budget 2015 and on the road ahead.
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On extending the timeline for the 3 percent fiscal deficit target by one year, Jaitley said sticking to the earlier deadline would have meant having to cut down on public spending to achieve the target.
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In an interview to CNBC-TV18's Menaka Doshi, Senthil Chengalvarayan and Anuj Singhal Dharmesh Mehta of Axis Capital & Gautam Trivedi of Religare Capital Markets gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
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Adi Godrej rates Finance Minister Arun Jaitley‘s Union Budget an 8 on 10. He says Jaitley‘s Budget will help revive the country‘s GDP as it lays a lot of emphasis on social infrastructure and Indian agriculture.
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However, Gautam Trivedi of Religare Capital Markets too agrees that this Budget did not do much to revive domestic consumption. With the service tax hike, it is in fact a little negative, he adds.
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DIPP secretary Amitabh Kant said the government is clearing indicating its intentions of making India a 'job creators' country rather than 'job seekers' and is trying to drive entrepreneurship. The government has eased the process of doing business in the country to quite an extent.
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In an interview to CNBC-TV18, Kaushik Chatterjee of Tata Steel shares his views on the Union Budget 2015-16 announced today.
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Jaitley said that the states have now become financially more powerful now that they stood to get 62 percent of the centre‘s tax revenues. In fact, certain Congress-led states stood to gain more than BJP-ruled states under the parameters for the revenue sharing.
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Has Jaitley`s second budget lived up to expectations? The answer should be a cautious yes. While the big ticket investments needed to revive growth have been limited by the need to keep the fiscal deficit roadmap on course, there are major changes in taxation and other areas that are truly reformist.
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In an interview to CNBC-TV18's Latha Venkatesh & Sonia Shenoy, Corporate Lawyer HP Ranina and Dinesh Kanabar of Dhruva Advisors gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
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Finance Minister Arun Jaitley presented his first full fledged Budget on February 28, 2015.
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Sunil Munjal, joint managing director of Hero MotoCorp and senior member of CII expects finance minister Arun Jaitley to focus on manufacturing, infrastructure and logistics sectors.
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In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy & Anuj Singhal, Nilesh Shah of Kotak Mahindra AMC and Nirmal Jain of IIFL gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
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In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy & Anuj Singhal, Chetan Ahya of Morgan Stanley gave his take on Arun Jaitley's Union Budget and his outlook on the road ahead.
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Ashok Wadhwa, Group CEO, Ambit Holdings Pvt Ltd believes the finance minister may increase service tax rate. If concessions are provided to any sector, then the government should not bring legislations through backdoor. He hopes the finance minister is forthright enough to plan things for a five year period.
