Budget 2014
The Department of Industrial Policy and Promotion (DIPP) has urged the Finance Ministry to increase the budget outlay for the prestigious Delhi-Mumbai Industrial Corridor (DMIC) by 11 times – to Rs. 7,478 crore – in FY15. The manifold increase proposed by the DIPP for the FY15 budget outlay for DMIC will give a substantial push [...] Continue Reading »
In order to revive the slump in the industries and safeguard the interests of the MNCs and large conglomerates, Corporate India has requested the Finance Minister Arun Jaitley to exempt special economic zones (SEZ) developers and units from the levy of minimum alternate tax (MAT). The previous government did not pay any heed to this [...] Continue Reading »
ASSOCHAM (The Associated Chambers of Commerce and Industry of India) has presented its demands before the introduction of the first Union budget under Narendra Modi-led government. They want an early roll out of GST (Goods and Services Tax), revival of SEZ (Special economic zones) a stable tax regime, slashing of tax rates and tax incentives [...] Continue Reading »
