Stocks to watch: BHEL, L&T, IRB Infra and Suzlon
Railway Minister Suresh Prabhu faces a stiff dilemma on whether to raise fares and freight rates in his second Rail Budget.
Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue losses on account of GST for 2019-20.
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
Toyota, M&M and Honda are making tough adjustments to their growth plans as uncertainty over diesel vehicles and fuel emission norms rises
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
2015 is going to witness new agreements on climate change.
The government and the farmers must come back to the negotiating table with only the interest of the country in mind, suggests Vivek Gumaste.
A raise in the I-T exemption limit has been sought by many.
The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.
Options include raising both excise and service tax rates in FY16
Transportation via inland waterways is cost-effective and more environment-friendly than rail or road transportation
'Modi is still immensely popular and, therefore, he can sustain any number of policy failures.' 'Modi himself has worn multiple faces so it would be naive to think that the Modi of 2021 will be the same Modi that will be campaigning for re-election in 2024.'
The Budget proposal will help startups with better incubation, talent and capital
'You can't consume clean air if you won't pay for it just because it's a 30-day problem,' says T C A Srinivasa-Raghavan.
Auto sector has nothing to look forward to in the Budget.
However, truckers have spared other vegetables, fruits, fuel and milk from the strike.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
Modi said the Goods and Services Tax has within one year of its launch led to over 70 per cent jump in indirect taxpayer base, demolished check-posts and merged 17 taxes and 23 cesses into one single tax.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Note ban, diesel ban have little impact as Mercedes posts marginal decline, while BMW sales rise 14 pc.
"We refuse to grant any relief," the SC said.
Roland Folger has told the ministries concerned that they are cutting India off from the rest of the world by making it a highly protected market, the Mercedes Benz India CEO & MD tells Ajay Modi.
Sectors throw up a wishlist for the Finance Minister.
Airlines likely to be allowed to operate with smaller aircraft.
Principal economic advisor, Ila Patnaik, is coordinating the work on Economic Survey 2013-14.
'On the tax front, most of the Budget proposals are sensible'.
'Toll system can never end though the rates may vary from time to time. Toll is my brain child'
"After the meeting which took place in Srinagar last week, it is safe to say that GST will be levied across the country starting July 1," Gangwar told ANI.
The most experienced administrator in the country seems to have sat back and allowed bureaucrats and policemen to manage the lockdown, observes Jyoti Punwani.
The Centre will grant Rs 500 crore for each of the smart cities.
This would include state capitals and 53 cities with a population of 10 lakh each.
Govt may not announce any new concessions in excise duty
The NITI Aayog's views are in contrast to the National Health Policy.
Buying medical insurance? Make sure that you know what you are getting and what you are not.
Finance Minister Nirmala Sitharaman on Friday hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
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