The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
The Budget has evoked mixed reactions from Silicon Valley investors.
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
The sector faces many challenges and calls for prompt corrective action.
Income will be higher as spectrum in 2,100-MHz band will also be auctioned
There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
Key relaxations traced in final regulations.
With Jaitley preferring continuity over change, good days might take a little longer to arrive, says Shankar Acharya.
Why is the BJP playing 'competitive politics' where there is scope or room for none? The release of 5 Indian fishermen on death row in Sri Lanka was a victory for India's quiet diplomacy of long years in the matter -- and not for loud politics by parties in the country.
The prime minister's August 15 address was undoubtedly inspirational and outlined important economic and social objectives, such as making India a global hub for manufacturing, ensuring bank accounts for all poor families, major thrusts in sanitation and cleanliness, and a radical restructuring of the Planning Commission.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.
With prices unlikely to run up sharply, genuine buyers can start readying deals before the festival season starts.
Real estate sector cheers reforms in the Budget.
Income from renting of properties is taxed at a flat rate of 10%.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
Transport Minister Nitin Gadkari puts them out of the ambit of Motor Vehicles Act; experts say some regulation, licensing and driver training will be necessary
The industry's reactions to the Budget have been mixed.
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