Based on the PMs pronouncements about the economic contribution of markets (stock markets, commodity markets, et al.), their utility to the real economy and the low contribution of capital market participants to the national exchequer, there is a worry that long term capital gains on equities might be taxed.
Appropriate initiatives must be taken for processing "timely" input tax refunds to exporters.
The FM in his speech acknowledged the expectations of the common man and keeping this in view, he has made several proposals to mobilise additional revenue and undertake rationalisation measures.
Whenever there is a discussion about the Indian growth story, lack of physical infrastructure is commonly quoted as the key bottleneck and growth constraint.
India is no longer a minor player on the world stage and decisions from the budget will have significant impact on our citizens, our businesses, our international transactions reputation.
We look at what CEOs at India Inc expect from Union Budget 2017-18 speech to be presented by Finance Minister Arun Jaitley on February 1, 2017.
The past year started off with a promise of being one the most profitable financial year for the consumer durable industry in almost four years. Implementation of the 7th pay commission, good monsoon and increase in buying power of the citizens came as a goodwill bearer for the industry which further ascended its flow into the festive season.
The government has set an ambitious target of increasing the manufacturing output from 16% to 25% of the GDP by 2025, which means a promising future for the manufacturing sector and B2B commerce in India.
The year 2016 experienced innovations and developments in the insurance industry that brought changes in the sector aimed towards benefiting the customers. The opening of e-insurance account is one such example that will help the customers in the long run.
The financial market in India is under major transformation with several policy initiatives to bring more transparency in financial transaction and also efforts to offer the banking services to people in far flung areas.
In my years of watching the fiscal developments of India both as an entrepreneur and as a keen citizen of the country, few have been more controversial and also as interesting as those that took place in the last few months.
The 2017 budget can widen the scope of certain income tax exemptions, lower service tax on a number of products, and also incentiviseinvestments in technology startups to improve accessibility and risk assessment.
There are however some mismatch in the way the market has worked vis-a-vis the expectations of the government and thus even after 18 months of formally launching this initiative, the progress is nothing to write home about. So where exactly can the government concentrate to ensure that its aim for housing is met? In my understanding this has to be at three levels.
The alternative lending sector is maturing very rapidly in India. With the technological expertise that the sector possesses, it has been effective in eliminating red-tapism and has been bridging the financing gap that the MSME space and the consumer finance industry face.
Insurance as of today is treated as a compulsion and not as an essential component. The thought needs to be re-classified. The government can do much in changing this perception and help increase the insurance penetration in India.
This year the Union budget is highly anticipated, as it's expected to be the best in comparison to the previous years' budgets and will help in gearing up the current economic slowdownof the Indian market.
The tradition of passing the budget on the last working day of February which was a part of the British administration in India has been done away with and this year's budget would be presented on February 1.
You have brilliantly diagnosed one of the biggest diseases in the Indian economy - black money. And identified the right treatment - digitization - to bring the patient out of coma. Unfortunately, it looks like you've got a set of butchers instead of expert surgeons on the job.
Indian Banks of late had been running on fumes due to huge NPAs, which amounted to a massive Rs 6 trillion as of March, 2016. But after demonetization, reports say that up until 13th December 2016, almost Rs 12.4 trillion has found its way to back to the banks. This means that there is a fairly good possibility of recapitalization of banks through the money that came in through the IDS(Income declaration Scheme).
Demonetization triggers a tsunami of digital payment initiatives. There are tidal waves of launches and promotions for payment applications, Aadhaar based identification with finger print authentications, interfaces to bank accounts, and user incentive programs.
The policy decisions of 2016 have left an air of uncertainty hanging in the real estate markets as scores of undecided potential home buyers are putting aside their decisions to purchase their dream homes.