It was expected that the Union Budget this year will highlight issues relating to agriculture and rural sectors than on other sectors of the economy.
The industry normally views the Budget as a key policy document that goes beyond numbers, and underlines the future political and economic priorities.
The Finance Commission's orders have led to a rise in the states' share of the Centre's revenue from 31 per cent in 2014/15 to 41 per cent in the 2016/17 Budget.
Indian women have excelled in every sphere of career and are now playing vital roles in the corporate world. Companies with women in C-suites are among the most successful organisations. With the Union Budget 2016 round the corner a natural thought comes to the mind.
The changes in the global economy can be positive provided India focuses on two key areas - boosting the competitiveness of its manufacturing and services sectors, and leveraging women's talent.
With the current impediments that the government is grappling with on GST, there is still much that government can do to bring the current indirect tax structure closer to GST.
Granted, the Ministry of Environment and Forest (MoEF) is supposed to tackle the problem generated by the electronics sector but then the government as a whole has to see things beyond products' life-cycle and also need to make provisions for electronics' end-of-life phase.
Start-ups are often less influential in representing their interests before relevant authorities, primarily as those are small companies with limited approach in the government and no political connections, linkages or lineages.
As we are steadily climbing notches in the ladder of ease of doing business, a much-needed push to the manufacturing sector is important to sustain and promote an all-inclusive growth.
To propagate more start-ups, the government does not need to come out with schemes geared only towards a class of companies called start-ups, but for all companies.
The rich of India have gained manifold and sometimes at the expense of the common man. All the statistics show that the rich control most of the assets - physical or financial - of the country.
The substantial operational expenses on account of OROP and Pay Commission will deplete/stagnate share of capital expenses to 40 per cent of the Budget or lesser.
There is an urgent need to shift our power supplies from oil, coal, and natural gas to wind, solar, geothermal, and other renewable energy sources.
Here are, in my view, the top four critical aspects in the Act that have pained tax payers for years but have slipped between the representation cracks.
At the same time, the Budget could lead to clarity as to the manner in which corporate exemptions will be removed.
Senior officials of the Indian Revenue at different public forums have indicated that India will implement the changes suggested in Action 13 on TP documentation and CbC reporting with effect from the fiscal year beginning 1 April 2016.
Influencers on Start-up Activities - The Start-up India initiative announced by PM Modi included a number of promises that would enable the start-up ecosystem in India to grow and flourish.
Investors are no longer waiting for the Union Budget to see big bang reforms; they know that these are ongoing and will happen even outside the Budget.
The booming Indian economy, shift in demographics, and higher disposable income, amongst other factors, have led to the spurt in the sector.
Year after year, the salaried class hopes for a 'common-man friendly' Budget that might help manage household budgets, despite inflation.
Budget 2016 will be the third Budget (second full-term Budget) to come from the BJP-led government. The strong middle-class population contributes substantially to the direct tax collections. Hence, this is the time they look up to the Finance Minister to reduce their tax burden.





