Pharma industry wants Budget to offer clarity on tax structure

Budget 2017 IDMA said all excisable goods used for R&D purposes should be exempted from central excise duty The pharmaceutical industry has asked the government to bring in more clarity in terms of tax structure and provide incentives on research and development (R&D) as part of its Budget wish-list. The industry players also want the… Continue reading Pharma industry wants Budget to offer clarity on tax structure

Note ban distress leaves scant room for giveaways in Budget 2017

India Budget 2017 Jaitley is under pressure to offer tax giveaways and step up capital and welfare spending Prime Minister Narendra Modi’s decision late last year to scrap high-value bank notes has put his finance minister in a bind ahead of the annual Budget next month. Arun Jaitley is under pressure to offer tax giveaways… Continue reading Note ban distress leaves scant room for giveaways in Budget 2017

Budget 2017: Railways to get Rs 1 lakh crore for safety on tracks

Budget 2017 Railways to get Rs 1 lakh crore for safety on tracks The government is looking to infuse Rs 1 lakh crore towards Rashtriya Rail Sanraksha Kosh (RRSK). This wish was long pending one, reported the Indian Express. Finance Ministry has given the Railways Rs 55,000 crore for 2017-18 as Gross Budgetary Support. The… Continue reading Budget 2017: Railways to get Rs 1 lakh crore for safety on tracks

Oil & gas: Budget 2017-18 wish list

Budget 2017-18 Industry size: Third largest consumer of crude oil and petroleum products in the world and second largest refiner in Asia. FDI inflows into the sector totalled $6.7 billion in FY16   – Employment figures:    1. Total manpower employed in oil and gas sector CPSEs at 110,675 (as on March 31, 2016) has… Continue reading Oil & gas: Budget 2017-18 wish list

Budget 2017 wishlist: Five expectations from infrastructure sector

The Union Budget 2017 is expected to give an impetus to infrastructure sector in order to boost industrial growthamid global slowdown and lower corporate spending at home.   A Business Standard report said Finance Minister Arun Jaitley might announce a third straight year of record capital spending, which could be 12-14% higher than the 2016-17… Continue reading Budget 2017 wishlist: Five expectations from infrastructure sector

Budget 2017 wishlist: Expectations from the healthcare sector

Budget 2017  Health care services to be exempt under the new GST regimen, says Rana Mehta Sector size: $110 bn (2016) Employment figure: 4.2 mn (2016) (Source PIB.nic.in) Contribution to GDP: 4.7% of GDP is spent on healthcare (Source World Bank.org) Key issues or areas of concern for each sector Need for introducing universal health… Continue reading Budget 2017 wishlist: Expectations from the healthcare sector

EC seeks govt’s response on procedure followed to delay Budget

Union Budget 2017 The Election Commission has sought fresh details from the Cabinet Secretariat, including the procedure followed by the government to delay the presentation of the Union Budget in 2012. In another letter to the Cabinet Secretariat written yesterday, the Commission has asked for a response by tomorrow morning, sources said. The poll watchdog… Continue reading EC seeks govt’s response on procedure followed to delay Budget