The climate for 'doing business' remains forbidding, taxtortion is still rife, corruption at state and district levels has increased, oil prices remain extortive with high taxation, and the continued red tape has kept the enterprise system as stifled as before, points out Debashis Basu.
Market experts believe the retreat is because of uncertainty.
As many as 24 special economic zone (SEZ) developers including Dr Reddy's Lab and Tata Consultancy Services have sought more time from the government to execute their projects.
While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
Financial shares were among the top Sensex gainers along with auto and pharma shares.
Sectors throw up a wishlist for the Finance Minister.
To revive BSNL and MTNL, DoT is taking various initiatives.
It proposes to bring down the corporate tax from the current 35 per cent to 15 per cent, significantly lower individual tax rates, and eliminate several tax rates like the death tax.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
The logic of deregulation was that the consumer was protected no matter what the price of crude. But now the reverse has happened. The government is protected no matter what the price of crude, observes Aakar Patel.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
This time, the global appetite for risk is in favour of India.
Arun Jaitley said he would put the DTC Bill in cold storage.
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
The plan is to de-notify the entire SEZ.
Realty players want single window clearance for all affordable projects, reports Karan Choudhury.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
Sebi had last year put in place a separate regulatory regime for REITs.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
Alternative investment funds (AIFs) - pooled investment vehicles catering to high net worth individuals (HNIs) - saw a 30 per cent increase in investment commitments during financial year 2022-23 (FY23). At the end of March 2023, the total investment commitments raised stood at Rs 8.33 trillion, up Rs 1.92 trillion from Rs 6.41 trillion at the end of March 2022. A commitment is the money clients are willing to put into AIFs.
This finance minister has come of age. That's not condescension. It is a praise, says Omkar Goswami.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
Ranbaxy Laboratories on Wednesday reported widening of its consolidated net loss to Rs 1,029.72 crore (Rs 10.29 billion) for the third quarter ended December 31, 2014
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
'If you look at this Budget, except for the Rs 2 increase in petrol and diesel, there is no positive or negative impact from the Budget for the common man.'
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Analysts question negative net worth because of dividend payout ahead of IPO.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
Dalal Street is bullish on invest
Indian market has been plagued by negative sentiment and triggers
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
