Budget 2014
Kalraj Mishra, the new minister for micro small & medium enterprises (MSMEs) mentioned that the Ministry is working on sweetening the bankruptcy pill for the sick units. The government is working on developing a bankruptcy framework to offer easier exit routes to the sick companies while helping to revive those with viable options. It is [...] Continue Reading »
Gujarat government has been in newsflash for its several ambitious projects. The idea to connect each village of the state with a road network is one of such aspiring schemes. The government has decided to indulge non-government organisations for funding of these schemes/projects. Nitin Patel, Gujarat State Road and Building Minister announced the agenda during [...] Continue Reading »
The CEO and Managers of prominent companies give their opinion on whether the new budget will open the door for real estate growth and development in the country. R. Nagaraj, President of CREDAI Karnataka, is optimistic about this year’s Union Budget allocation towards infrastructure and real estate development. According to him, domestic and Foreign Direct [...] Continue Reading »
It seems good times could well be back for the consumer goods sector. In the last few months the retail sector and the consumer goods sector have seen some surge in the sales figures. The rise in consumer demand is, however, yet to translate into growth in core sector products such as steel and cement. [...] Continue Reading »
There is some good news for India’s entertainment and other industries as the government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India). This will pump in a total investment of Rs 2,326.72 crore into the Indian economy. However the government has not only cleared the FDI proposals, [...] Continue Reading »
After the formation of the new government led by Prime Minister, Narendra Modi, the finance ministry had a tough task of preparing a budget that could help answer the problem that the Republic of India has been facing. However it cannot be expected that all the problems will get answered at once. The people of [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
A government official stated that the government is still in dilemma on whether the much controversial general anti-avoidance tax law or GAAR should be started as scheduled and whether they have enough time to review it. Shaktikanta Das, the revenue secretary said during a post budget interaction along with an industrial body CII that, in [...] Continue Reading »
The government is yet to decide on whether the controversial general anti-avoidance tax law GAAR should be implemented as scheduled or not. They have enough time to review that, and should look into all the aspects before taking the final call. The Revenue Secretary Shaktikanta Das mentioned in a post-Budget interaction with industry body CII (Confederation [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
