Posted at 4:24 PM , on February 28, 2015
The Union budget has interesting implications for corporate and individual taxation. While there are no big bang tax reforms, the budget has made a small attempt to reach out with benefits to Indian corporates and individuals.
It needs to be understood that with a higher allocation for defense and infrastructure the leeway for cutting taxes was limited. However, the government has made an attempt to give some benefits to tax payers. Continue reading
Posted at 3:25 PM , on February 28, 2015
The Union Budget has met a lot of expectations on the infrastructure and reforms front. Some of the highlights are as under:
Where the budget met expectations: Continue reading
Posted at 3:22 PM , on February 28, 2015
The Union Budget will be assessed on the basis of the promises inflation, fiscal deficit and growth. The government has done well on all these fronts. Inflation is likely to be held at around 5% and the fiscal deficit has been slightly raised for 2016 from 3.6% to 3.9% and for 2018 from 2% to 3% to keep additional level buffer for pump priming.
Financial inclusion seems to be the major theme of the Union Budget with the JAM combination (Jan Dhan, Aadhar and Mobile) to be leveraged to focus on financial inclusion and ensure direct transfer of subsidy benefits. The government has also committed to stick to its commitment of implementing the GST on April 1st 2016. Continue reading
Posted at 8:28 PM , on February 27, 2015
The Economic Survey presented today, effectively, forms the backdrop for the Union Budget that will be presented tomorrow. In fact, the broad theme of the Union Budget will be determined by the Economic Survey. Hence it is essential to understand the kind of growth, inflation, fiscal deficit and expenditure numbers that the government is talking about. These projections will set the tone for the Union Budget. Continue reading
Posted at 4:01 PM , on February 27, 2015
by- Sunil Godhwani, MD & Chairman, Religare Enterprises Ltd .
The annual budget exercise is always a keenly watched event. But this year’s Union Budget, which will be tabled in Parliament on February 28 is already generating lot of expectation and curiosity. This will be the first full budget of the Narendra Modi-led government, which won a handsome mandate nine months ago on the promise of kick starting the economy. The budget is expected to take steps to simplify norms, cut red tape, further ease FDI rules, and make it more convenient to set up businesses and factories. Importantly, the budget comes in the backdrop of a slump in energy prices, particularly oil, even as economic growth continues to be anemic and way below its true potential of 8-9%. Continue reading