Expert Take

Updated : Jan 23, 2017

A budget for elections 2017, not the economy

Rural initiatives will not be value accretive this fiscal.

Pravin Agrawal, Director, Deloitte Haskins and Sells LLP

Updated : Mar 9, 2016

Budget 2016: FM bats for fiscal prudence, growth for India Inc.

As indicated by the FM in last year's budget speech, the government has started process of gradually phasing out various tax exemptions and incentives available to corporates in the Income-tax Act, 1961.

Updated : Mar 4, 2016

Union Budget 2016 - International tax proposals

With the adoption of the BEPS package, OECD and G20 countries laid foundations of a modern international tax framework under which profits would be taxed where value creation occurs.

Updated : Mar 2, 2016

Budget 2016 - What it holds for individual tax payers

A common man had a lot of expectations from the Budget 2016. Let us see if the expectations have been met and what is in store for the individual tax payers. 

Updated : Mar 2, 2016

Budget 2016 - Mixed bag for auto

The auto industry had built up lot of expectations from this Budget given the Government push on ease of doing business and promotion of &#039;Make in India&#039; initiative.

Updated : Mar 2, 2016

The 'Country-by-Country reporting' wave hits Indian shores

When countries around the world were walking on the path paved by the Organisation for Economic co-operation and Development (&#039;OECD&#039;) for curbing Base Erosion Profit Shifting (&#039;BEPS&#039;) by way of their 15 Action Plans; Indian multinational enterprises waite

Updated : Mar 2, 2016

Union Budget 2016: Transfer Pricing Update

Finance minister Mr. Arun Jaitley presented the 2016 Union budget on February 29. This article summarizes some of the key amendments made under the Union budget impacting the transfer pricing (TP) provisions in India.

Updated : Mar 2, 2016

Budget 2016- Financial Sector reforms

The budget seems to have thought through the bank capitalisation agenda well. Whilst on the face of it Rs 25,000 crore seems too small (market estimates capital requirements of Rs 2,50,000-3,50,000 crore by 2019), the finance minister has focused on reforming the banking sector as envisaged in the economic survey.

Updated : Mar 2, 2016

Budget- Indirect tax proposals

From indirect taxation point of view, the first and foremost expectation from the trade and the common man were - one road map for Goods and Service tax and two proposals to align the existing indirect taxes to the impending GST.

Updated : Mar 2, 2016

Budget 2016: Proposals affecting corporate sector

Reduction in corporate tax rate, phase out of tax exemptions, focus on Make in India, measures to aid ease of doing business, reduction of litigation, road map towards implementation of BEPS Action Plans, were high in terms of expectations.

Updated : Mar 2, 2016

Cities need to get smarter in funding Smart City initiatives

Many 'Smart City Watchers' may have been dismayed by the absence of even mention of core urban sector schemes in the Finance Minister's speech.

Updated : Mar 2, 2016

Some good, some disappointments

Glad that fiscal deficit is being targeted at 3.5 per cent for FY 2016/17. This is a good signal to foreign investors that financial discipline will be maintained.

Updated : Feb 29, 2016

Demand oriented budget, thrust on farming sector

Middle class and rural incomes and consumptions should increase based on the multipliers from the Govt spends.

Updated : Feb 29, 2016

Budget's focus on macro-economic stability laudable

The Budget's commitment to fiscal consolidation is also enhanced by the quality of allocations that would promote not just the recent initiatives the government has announced but also focus on agriculture and social reforms and the much needed investment in infrastructure.

Updated : Feb 29, 2016