Business Today

Finance Minister has addressed expectations

The removal of service tax for less than 60 sq metres house and an additional exemption for housing loans up to Rs 35 lakh will help in catalysis for the housing infrastructure sector, which has suffered low demand for over three years.

Dinesh Aggarwal        Last Updated: February 29, 2016  | 18:47 IST
Dinesh Aggarwal, Joint Managing Director, Anchor Electricals
Dinesh Aggarwal, Joint Managing Director, Anchor Electricals

The removal of service tax for less than 60 sq metres house and an additional exemption for housing loans up to Rs 35 lakh will help in catalysis for the housing infrastructure sector, which has suffered low demand for over three years.

The government's commitment on a stable taxation regime, aggressive outlay for infrastructure growth and skill development will ensure that foreign investors retain and grow their interest in India, as a market and as a manufacturing base.

The lowering of Income Tax rate for small companies, tax holiday and speedy registration for start-ups will ensure development of the ancillary ecosystem and encourage innovation and new technologies & business models.

HIGHLIGHTS:Union Budget 2016

Thus, overall the Budget is in line with government's thoughts last year and it combines well a very strong and critical social objective with the fact that our country should continue to be seen as a favored destination for investment by ensuring that the macro indicators remain positive, governance of financial markets remains strong and the rural sector is fully included in our economic growth.

The Finance Minister has addressed all my stated expectations in the pre-budget quote, namely the ease of creating & doing business, ease of creating IP, ease of running business and providing support to small and medium manufacturers.

 

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close