GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
The fundamental debate remains where you stand on the long-term growth question. That is what every investor must monitor and come to their own conclusions, suggests Akash Prakash.
The 'angel tax' and notices to start-ups and angel investors from the income tax department was certainly a dampener. However, a bigger factor is the lack of exits.
IT and BPO companies are looking at tier II locations in the country to support global delivery.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
Incentives for industries have been rolled back and teachers have gone without salary for months as the state grapples with the after-effects of the ban
Hinduja Group Chairman S P Hinduja on Saturday hailed the Modi government's Budget as "socially inclusive" that lays a clear roadmap for placing India on double digit growth trajectory in the medium term.
BJP's reversals in rural Gujarat has prompted many policy watchers to predict that the Budget would have incentives for the agriculture sector and the rural economy.
A majority of the CEOs are expecting the economy to show growth in the next financial year on the back of rising consumer spending and a sharp turnaround in rural India.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
While India Inc seems to be generally pleased with the budget, there are, however, some discordant voices with the shipping, FMCG and education sectors saying there is nothing in the budget for them.
India can be rated as among the best performing economies in the world
The Institute of Public Policy Research, which has close ties with the ruling Labour party, said in a new report that Britain could lose out on sought-after skills offered by mobile immigrants if they re-migrate to other countries.
One of the most favoured duty reimbursement schemes among exporters - the Duty Entitlement Passbook (DEPB) scheme - is likely to be scrapped, as the government gears up to introduce the Goods and Services Tax (GST) from April 1.
How investors can tweak their fixed income investments to earn more in the current environment.
'The CEA suggested that could be as high as 19 per cent.'
Trade tensions between India and the US have been rising with President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".
They say it will have severe impact on their financial strength
General Motors India on Tuesday sought incentives for owners of cars driven on alternative fuel and tax rate cuts to encourage adoption of such eco-friendly vehicles.
'Equities are likely to be range-bound with a downward bias for the remaining part of the year.'
Casa Everz Gmbh, the owner of Germany-based healthy footwear brand Von Wellx, will be shifting its entire shoe production of over three million pairs annually in China to India with an initial investment of Rs 110 crore, according to a top official of the company's licensee Iatric Industries Pvt Ltd. A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd as part of an understanding with the state government.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
The government on Friday conceded to two major demands of exporters with a view to make Indian products competitive in international markets at a time global demand is shrinking and other exporting countries are resorting to similar export incentives.
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against coronavirus disruptions, fresh support may be only around 60 per cent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden the bond market, says a report.
Arun Jaitley said he would put the DTC Bill in cold storage.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
The people of the nation co-operated and patiently waited for the government's promised "ache din", and now they want their just rewards, says Adhil Shetty.
'The success of the country's economic policies is affirmed by receipt of FDI of $15 billion last year, the highest in the Asia-Pacific after China and India, and well ahead of Indonesia, Australia, Singapore, Malaysia and Thailand,' notes Ambassador Talmiz Ahmad.
India's IT services sector witnessed 4.2 per cent growth in 2012-13.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Germany has invited Indian companies to invest and set up manufacturing facilities in East Germany. The country is offering a slew of tax rebates and other financial incentives measures. German deputy minister Engelbert Lutke Daldrup said technology-based companies can benefit most from East Germany as it provides with huge investment potential. There are about 20 Indian companies in East Germany employing around 2000 people. Daldrup hoped this number will double in 2-3 years
A raft of new incentives in the financial rescue package will reap immediate benefits for renewable energy providers.
Finance Minister Pranab Mukherjee on Tuesday said the government had no exit strategy for incentives announced as part of the stimulus packages, even as there has been a 28 per cent fall in indirect tax collections till July.He further said the government was ready to take improved measures to combat drought, which has affected 272 districts in the country.
Banks are in need of government support to manage the stressed assets
Govt may not announce any new concessions in excise duty
To incentivise the Micro and Small enterprise is to offer them lower rates of interest based on their business turnover
The Budget should look at giving suitable fiscal incentives both under direct and indirect tax proposals such as accelerated depreciation and nil customs/ excise levies on capital goods, say experts on the industry.
