Tech firms seek clarity on taxes, GST implementation in Budget
Technology majors, software services firms and industry bodies like Nasscom expect the Modi government to focus on leveraging ICT for economic growth.
Jul 06, 2014, 12:42 PM IST
Jaitley to present maiden Budget amid expectations of tax sops
As a prelude to the Budget, the government has already extended the excise duty concessions for automobile and consumer durable sectors till December.
Jul 06, 2014, 12:34 PM IST
PwC seeks scrapping of minimum alternate tax in Budget
Consultancy firm PwC has called for removal of minimum alternate tax (MAT) in the coming budget as a sop for the IT industry.
Jul 05, 2014, 18:09 PM IST
Bring policy to check API import from China: IPA to govt
The India Pharmaceuticals Association (IPA) urged the Finance Ministry to come up with a policy framework with regard to incentives to drug innovation and ease dependence on import of essential APIs (Active pharma ingredients) from China.
Jul 05, 2014, 17:01 PM IST
'Nifty likely to touch 8,650 points by year-end'
In January, RBS had made year-end estimate of 7,700 points for the Nifty, but has revised it upwards citing the prospects which the economy holds for a bull run.
Jul 05, 2014, 15:30 PM IST
Hike income tax exemption limit to Rs 3 lakh: PwC
The budget should raise basic exemption limit to Rs 3 lakh from Rs 2 lakh and also introduce a special basic exemption for women at Rs 3.25 lakh beyond which they will come into the tax bracket, the consultancy firm said.
Jul 03, 2014, 20:53 PM IST
Exports, manufacturing require Budget's focus: FIEO
Reducing the cost of credit for traders and boosting exports as well as manufacturing require special attention in the forthcoming Budget 2014-15, exporters' body FIEO said Wednesday.
Jul 02, 2014, 23:36 PM IST
Balance inflation-growth trade off, lower cost of trade: FIEO
Exporters body FIEO has laid out the five major challenges confronting the Finance Minister in the upcoming Budget, which include balancing inflation-growth tradeoff, lowering cost of credit and stimulating manufacturing, among others
Jul 02, 2014, 21:03 PM IST
Stocks climb new peaks, rupee strengthens on budget optimism
Stocks on Wednesday made new life-time highs and the rupee rose the most in seven weeks as overseas funds poured in on growing optimism that the Modi government would unveil strong measures in the Budget next week to put finances and the economy back on track.
Jul 02, 2014, 20:51 PM IST
Rupee rises 38 paise to 59.69 Vs dollar, most is 7 weeks
The rupee on Wednesday appreciated 38 paise -- its biggest single-day rise in seven weeks -- to close at 59.69 against the US dollar on optimism that the budget next week would contain strong measures to put finances and the economy back on track.
Jul 02, 2014, 18:29 PM IST
'Set up gold bank, gold deposit a/c to minimise smuggling'
The government should establish a gold bank and introduce a gold deposit account operated through scheduled commercial banks to minimise smuggling of the yellow metal, industry body Assocham said Wednesday.
Jul 02, 2014, 18:24 PM IST
Sensex, Nifty hit new highs as budget optimism grows
The Sensex and Nifty Wednesday hit new life-time highs and closed at record levels after Finance Minister Arun Jaitley's comments added to optimism that the Union Budget next week would outline strong steps to pursue fiscal prudence and revive economic growth.
Jul 02, 2014, 16:49 PM IST
Printing of Budget document begins with Halwa ceremony
The process of printing documents for the Budget 2014-15 started off Tuesday with the ritual 'halwa ceremony' which was attended by Finance Minister Arun Jaitley in North Block office.
Jul 01, 2014, 19:56 PM IST
Nasscom for special measures in budget on startups, others
In its pre-budget proposal, IT-BPO industry body Nasscom has pitched for special measures to foster the eco-system for entrepreneurs, startups and innovation.
Jun 30, 2014, 21:57 PM IST
CREDAI seeks tax sops on affordable homes, lower interest rate
Realtors body CREDAI Monday sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 percent in their budget wish-list to boost growth in the sector.
Jun 30, 2014, 21:46 PM IST
Budget may focus on tax reforms, lower subsidies: Barclays
The Narendra Modi government is expected to propose a pro-growth budget focused on tax reforms, lower subsidies and asset sales, global financial services company Barclays said here.
Jun 30, 2014, 21:43 PM IST
Sensex up 314 pts on Budget hopes, logs best quarter in 5 yrs
The Sensex Monday wrapped up the best quarterly gain in almost five years after rallying 314 points on hopes of strong economic reforms in the first budget under the Narendra Modi government
Jun 30, 2014, 16:52 PM IST
PowerMin may seek scrapping of proposed duty on solar gear
The Power Ministry may seek dropping of the proposal to levy anti-dumping duty on imported solar power equipment on the plea that the current manufacturing capacity is not sufficient to meet the requirements of electricity generating firms in the sector.
Jun 30, 2014, 14:56 PM IST
Stock market may see pre-Budget rally this week on reform means
Stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy, say experts.
Jun 29, 2014, 20:07 PM IST
Govt may cut 2% import duty on gold in budget: BoAML
The union government is expected to cut two percent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said.
Jun 29, 2014, 18:58 PM IST
