Capital Market

Stories by Capital Market

Power: Extend eligibility timeline for benefits

Power: Extend eligibility timeline for benefits

Rediff.com   23 Feb 2010

Considering double-digit peak and normal power deficit, and the industry seeks direct and indirect tax incentives to facilitate acceleration in the pace of capacity additions.

Retail: Allow FDI in retail sector

Retail: Allow FDI in retail sector

Rediff.com   23 Feb 2010

Retail sector seeks industry status, which can reduce the cost of capital and to allow FDI in retail that can increase investments and global competitiveness.

Air transport: ATF should be in 'declared goods'

Air transport: ATF should be in 'declared goods'

Rediff.com   23 Feb 2010

Sector seeks declared goods status for ATF and withdrawal of service tax on first class and business class air tickets.

Computer education: Provide tax breaks

Computer education: Provide tax breaks

Rediff.com   23 Feb 2010

With the thrust of the government to further education and to get the education system up inline with coming times, the sector is poised for growth.

Entertainment: Cut customs duty on set-top boxes

Entertainment: Cut customs duty on set-top boxes

Rediff.com   23 Feb 2010

Also seeks removal of excise duties on set top boxes for free to air transmission, and removal of service tax for broadcasters.

Budget: Oil drilling services seek tax holiday

Budget: Oil drilling services seek tax holiday

Rediff.com   23 Feb 2010

Expects exemption of oil and gas profits from minimum alternate tax and all cess in the nature of excise duty are to be subsumed in GST.

Railways expect clear PPP roadmap

Railways expect clear PPP roadmap

Rediff.com   23 Feb 2010

Indian Railways, which manages the world's third largest rail network under single management, is the backbone of country moving people/ cargo from one place to other with-in the country.

Cement industry seeks status quo on excise duty

Cement industry seeks status quo on excise duty

Rediff.com   23 Feb 2010

The fall in cement prices and improving demand together add cream to the cement product sector, who seek status quo on excise duty and service taxes.

FMCG: Give impetus to rural income generation

FMCG: Give impetus to rural income generation

Rediff.com   19 Feb 2010

FMCG sector analysts say that due to excise free zones, impact of the excise duty hike will be limited, except for Hindustan Lever. The sector wants impetus for rural income generation and no hike in service tax.

Sugar: Unveil policies to promote ethanol

Sugar: Unveil policies to promote ethanol

Rediff.com   18 Feb 2010

Sugar sector has been buoyed up by high sugar prices and seeks policies to promote ethanol as green fuel in the ensuing Union Budget 2010-11.

Allow FDI in retail sector

Allow FDI in retail sector

Rediff.com   18 Feb 2010

The retail sector seeks industry status, which can reduce the cost of capital and to allow FDI in retail that can increase investments and global competitiveness

Paper: Retain customs duty on paper at 10%

Paper: Retain customs duty on paper at 10%

Rediff.com   15 Feb 2010

Paper sector wants the aggregate GST levies by the Centre and State to not exceed 6 per cent.

'Power sector must be given incentives'

'Power sector must be given incentives'

Rediff.com   12 Feb 2010

"This Budget needs to come up with measures that balance the high inflation and sustainable growth. The continuing fiscal problems and revenue deficit will force the budget to take stringent revenue making measures including looking at introducing or extending the stimulus packages to boost revenues," said G Bala Reddy, chairman and managing director, ICSA India.

'Extend tax holiday for hotels by 10 years'

'Extend tax holiday for hotels by 10 years'

Rediff.com   12 Feb 2010

Sushanto Roy, CEO, Sahara Prime City, has in a pre-Budget wish list of expectations said: "Given the pent-up demand for affordable housing which was discovered during the recent slowdown there is a need to reintroduce tax holiday under section 80IB for housing projects constructed after March 31, 2008."

Earthmoving: Retain 7.5% import duty on excavators

Earthmoving: Retain 7.5% import duty on excavators

Rediff.com   12 Feb 2010

The earthmoving and construction equipment industry also seeks restrictions on the imports of used equipments into country and to rectify inverted duty structure.

Direct tax code may hit senior citizens

Direct tax code may hit senior citizens

Rediff.com   12 Feb 2010

Sheilu Sreenivasan, founder president, Dignity Foundation, an NGO that works for the cause and care of the elderly, said "Our biggest worry is not what the government is going to give to senior citizens, but what it is going to take away from them."

Demand for cut in income tax rates

Demand for cut in income tax rates

Rediff.com   12 Feb 2010

In a pre-Budget wishlist, Vinod Juneja, managing director, Braj Binani Group, said, "I expect the finance minister to target the GDP growth of at least 8% or higher for the next 3 financial years."

'Budget must look at fiscal consolidation'

'Budget must look at fiscal consolidation'

Rediff.com   12 Feb 2010

D R Dogra, managing director and CEO, Care Ratings, says that the finance minister should start the process of fiscal consolidation from his Budget 2010-11.

Tyres: Cut Customs duty on raw materials

Tyres: Cut Customs duty on raw materials

Rediff.com   8 Feb 2010

Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres.

Cement: Give abatement on excise duty

Cement: Give abatement on excise duty

Rediff.com   8 Feb 2010

Surplus scenario emerges despite double digit growth in demand on accelerated capacity additions; seeks abatement of excise duty on cement, removal of customs duty on inputs.