Demonetisation will help in transfer of resources from tax evaders to government, he said.
There is nothing specific announced for Chemicals Industry, however, reduction in customs duty
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
Railway Minister Suresh Prabhu said Budget-making was guided by the Prime Minister's words of the government being there to protect the interests of the common man.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
It has been over two decades since the cabinet cleared the BharatNet project, earlier known as National Optical Fibre Network. However, progress of the programme has been slow. While the government had set the target of connecting 100,000 gram panchayats by 2013, it took another four years to achieve this target in December 2017. Progress under the current administration has improved, but the government has again missed its targets.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
India's share in world tourist inflows was only 0.64 per cent in 2012. It could only attract 6.97 million foreign tourists during 2013.
Over 900 listed firms yet to comply with new Sebi requirement due in less than 90 days
Some of the world's wealthiest Indian billionaires, such steel magnate Lakshmi Mittal and mining and metals tycoon Anil Agarwal, are based in London.
Delhi Police Crime Branch raided the office of a petrochemical co.
KPMG's global board will meet in India next week
The central bank may need to further ease the rates by 50-75 bps.
Arun Jaitley presented the Budget in Parliament on Saturday.
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Most of the railway-related stocks, which had seen smart gains in the past few days ahead of the Rail Budget, saw profit-booking as Railway Minister Sadananda Gowda presented the Budget.
Budget should be a platform for govt to take bold steps.
Decoding four important provisions in the Finance Bill 2018.
The redevelopment of stations is good news for construction companies.
'Well done, Mr Jaitley, now go and implement your schemes. No leakages, no lapses and no laziness.'
Capital markets can be used as a major source for meeting funding requirements of the country.
JLR yet to decide on the exact location.
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
The estimated market borrowing by these two companies during current fiscal were pegged at Rs 13,800 crore (Rs 138 billion) from markets, as per the interim Railway Budget for 2014-15 tabled in February.
The government spends nearly 4.2 per cent of the gross domestic product in subsidising various commodities and services.
Road Transport Minister Nitin Gadkari said highways sector continues to be a focus area for the government and announcements of multi-modal logistics parks and multi-modal passenger stations will be a game changer.
Association will write a letter to Finance Minister Arun Jaitley to demand a rollback.
Urban Development Ministry had in June last year released the guidelines.
Choosing a term insurance policy is an economical way of getting life insured but choosing the most economical term insurance policy will help you to get life insurance on a tight budget also
Uttam Ghosh on how rail passengers will benefit from the Railway Budget.
Lumia 640 XL will begin rolling out globally in March.
About 65 per cent of the CFOs are positive about India's growth
SC wanted to know how it encashed securities deposited with RBI.
Gulliver had about $7.6 million pounds in a Swiss account in 2007.
It suggested reforms in the real estate sector.
The finance minister may stagger some of the recommendations.
According to DMK, the voters are already consolidated on ideological lines, hence the impact of anti-incumbency, whether against the BJP Centre or the DMK state may not be too much, notes N Sathiya Moorthy.
Entrepreneurs to get support from the government
Vaibhav Aggarwal's Change.org petition has been shared widely on Twitter and Facebook and continues to gather more signatures rapidly.
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