Expectations

Updated : Jul 10, 2014

Budget 2014-15: Govt may ease tax burden on middle class

Sources said that the government is considering a proposal to raise the tax exemption limit to Rs 3 lakh from Rs 2 lakh.

Updated : Jul 9, 2014

Arun Jaitley's maiden Budget ranks high on expectations radar

For boosting investment, Jaitley is expected to announce tax incentives for industry. As a prelude, the government has already extended the excise duty concessions for automobile and consumer durable sectors till December.

Updated : Jul 9, 2014

Budget 2014: Experts seek boost to manufacturing sector, tax reforms and reviving infrastructure

Business Today organised a pre-budget panel discussion with Ajit Ranade, Chief Economist, Aditya Birla Group; Arvind Virmani, former chief economic advisor to the finance ministry; Satya Poddar, Partner, EY; and Dhiraj Mathur, Executive Director, PricewaterhouseCoopers.

Updated : Jul 9, 2014

Budget should simplify tax rules for start-ups, say entrepreneurs

"(The) current scenario expects start-up compliance to be on a par with a high-scale business set-up, often acting as a bottleneck to new entrepreneurs to focus on business," says Aprameya Radhakrishna, Co-founder, TaxiForSure, an online taxi booking platform.

Updated : Jul 7, 2014

Arun Jaitley may peg FY15 fiscal deficit at 4.3%, says Goldman Sachs

"We expect a fiscal deficit target of 4.3 per cent of GDP for FY15, slightly higher than the 4.1 per cent presented in the interim budget by the previous government, but lower than our previous estimate of 4.8 per cent," Goldman Sachs said in a statement.

Updated : Jul 7, 2014

Budget 2014: Retailers seek official industry status

Tata firm Infiniti Retail CEO & MD Ajit Joshi said granting of an official industry status will give boost to the sector.

Updated : Jul 7, 2014

Higher education needs a fair deal in Budget 2014

Today, 27 million youth are pursuing higher education in 36,000 Indian colleges and 610 universities. However, around 100 million young Indians do not have access to higher education.

On achieving the goal of universal health coverage for all, the report urges the government to use the public-private partnership route.

Updated : Jul 5, 2014

Budget 2014-15: Pharma sector calls for creating global capacities, says report

In its latest July 2014 report on the Indian Pharmaceutical industry, the Associated Chambers of Commerce & Industry of India (Assocham) urges the government to "promote the setting up of vertically integrated manufacturing facilities for essential drugs, at a competitive scale."

Updated : Jul 5, 2014

Budget 2014-15: IDSA asks govt to give more sops to MSME sector

In a budget wishlist, IDSA has asked the government to create a conducive environment to attract more FDI in the country which will create more employment opportunities.

Updated : Jul 5, 2014

Investors expect Budget to be fiscally prudent

"Most investors, including FIIs, are putting new money in the market on hopes the Budget will lead the way to a revival in the economy. Build-up of positions has already started," said Deven Choksey, managing director, KR Choksey Securities.

Updated : Jul 4, 2014

Budget 2014-15: Assocham seeks tax incentives, infra status for ports

The industry chamber batted for reduction in customs duty on import of equipment for port projects; exempting port projects from Minimum Alternate Tax (MAT) and granting infrastructure status to the port industry.

"The economic situation in this country demands that more jobs be provided for the young, talented, well-educated and even the semi-skilled and unskilled people of India," Narendra Modi said in his June 14 speech at Panaji. PHOTO: Shailesh Raval

Updated : Jul 4, 2014

Budget 2014 will have to balance economic realities with political hopes

The frenzy of Budget accounting and planning is now divided between North Block (which houses the finance ministry) and South Block (where the Prime Minister's Office is located) on Raisina Hill, which offers a panoramic view of Lutyens' Delhi.

The travel industry is hoping for a relaxation in ATF for cheaper air travel and introduction of FDI in the Railways

Updated : Jul 3, 2014

Tourism industry seeks steps to promote growth in Budget

The Union Budget is just around the corner. With a prime minister in Narendra Modi who understands the benefits of tourism, there is much hope bobbing in the air.

FM Arun Jaitley during the Halwa Ceremony marking the beginning of printing of Budgetary documents, in New Delhi on Tuesday. Also seen Minister of State for Commerce & Industry Nirmala Sitharaman. Photo: PTI

Updated : Jul 2, 2014

Budget 2014-15: Arun Jaitley for fiscal prudence over mindless populism

Listing out the challenges before the country, Finance Minister Arun Jaitley said fiscal deficit is high, inflation is beyond acceptable limits and the fallout of Iraq crisis looms large on the economy.

Updated : Jul 2, 2014

Union Budget 2014: Pharma sector expects steps that incentivise innovation

Given the optimistic mood in the country about the reform process, Satish Reddy, President of the Indian Pharmaceutical Alliance (IPA) and Chairman at Dr Reddy's Labs, said that "the industry will be looking for signals of revival of the growth story".