Measures expected from India’s annual budget that could impact markets

Govt set to announce additional details behind GAAR, which will be implemented starting April 2017 Investors in India are bracing for higher taxes and less incentives from the government’s annual Budget 2017 to be unveiled on February 1 as the focus shifts to wringing out revenues to finance giveaways and higher public investment to support… Continue reading Measures expected from India’s annual budget that could impact markets

Investors brace for transaction tax hike, less friendly Budget

Govt can offset any negative impact by lowering corporate tax rates, mitigating note ban impact Investors in India are bracing for higher taxes and fewer incentives from the government’s annual Budget 2017 on February 1, as the focus shifts to wringing out revenues to finance giveaways and higher public investment.   While Prime Minister Narendra Modi’s administration… Continue reading Investors brace for transaction tax hike, less friendly Budget

Prez Pranab Mukherjee okays change in rules for rail budget merger

The government will present the Union budget 2017-18 on February 1 President Pranab Mukherjee has approved changes in government rules to allow merger of rail Budget 2017 with the central budget. The Department of Economic Affairs has been entrusted with the work relating to preparation of central budget including rail budget, as per a recent… Continue reading Prez Pranab Mukherjee okays change in rules for rail budget merger

Budget 2017 : No decision over taxing cash transactions yet, says finance ministry

Chandrababu Naidu-led panel recommended taxing cash transactions of at least Rs 50,000 The finance ministry on Wednesday said it had not taken a decision on the banking cash transaction tax (BCTT) a day after speculation arose that it could be introduced in the Budget 2017 for 2017-18 because a panel on digitalisation had made a… Continue reading Budget 2017 : No decision over taxing cash transactions yet, says finance ministry

Budget 2017: Experts fear govt will take too many fiscal risks

Jaitley is looking at how to fund giveaways to taxpayers and higher public investment India’s finance minister is likely to borrow more than originally planned when he presents the Budget 2017 Date on Feb. 1, senior aides and officials said, despite counting on revenues from a national sales tax whose launch date is still unknown.… Continue reading Budget 2017: Experts fear govt will take too many fiscal risks

Fin Min may give sops to PoS, micro ATM makers in Budget 2017

Budget 2017 The government has announced excise duty exemptions till March 31, 2017 To promote digital payments, the upcoming budget may offer incentives to companies which manufacture equipment like PoS machines and micro ATMs.   According to sources, the government may cut or eliminate excise duty on manufacturing of micro ATMs, finger print readers, biometric… Continue reading Fin Min may give sops to PoS, micro ATM makers in Budget 2017

Budget 2017: Crisis and opportunities in education sector

Budget 2017 The school education and literacy budget increased 3.2% in 2016-17 The 2017-18 Budget is an opportunity for the government to concentrate on improving school education for over 260.5 million children who enrolled in elementary and secondary school in 2015-16–children who will form the core of India’s working-age population, one billion by 2030, the… Continue reading Budget 2017: Crisis and opportunities in education sector