IPA Special

Union Budget 2012-13: Retail sector seeks industry status and clarity on FDI

NEW DELHI: The retail sector of the economy has been constantly pushing for allowing foreign direct investment (FDI) in multi-brand retail. Analysts are of the view that in the Union Budget 2012, Finance Minister Pranab Mukherjee should provide clarity on the issue that has been in a state of...

Mar 16 · >

Union Budget 2012: Power firms seek extension of tax holiday

NEW DELHI: Power companies have sought extension of the tax exemption to all power projects, including generation, transmission and distribution. Indian Electrical and Electronics Manufacturers Association (IEEMA) demanded extension of tax exemption to all power projects in line with other infrastructure projects like roads, airports, ports and railways. The...

Mar 16 · >

Union Budget 2012-13: Entertainment industry seeks relief from high tax rates

NEW DELHI: With the government slated to announce the implementation of the Goods and Services Tax (GST) in the Union Budget 2012, the entertainment industry is hoping for some relief from the high rates of taxation. FICCI in its pre-budget memorandum has recommended that cinema exhibitors be exempted from...

Mar 16 · >

Union Budget 2012: All eyes on fiscal deficit numbers

NEW DELHI: A key point which will be tracked in the Budget is the government’s fiscal deficit numbers, said S Raman, chairman, Canara Bank. “There were some initial signs in the railway budget that the fiscal problem would be at rest or at least that there would be a...

Mar 16 · >

Union Budget 2012: Aviation sector seeks changes in FDI policy

NEW DELHI: The Indian aviation sector which has been hard pressed for cash is looking forward to the Union Budget 2012 for a direction on changes in foreign direct investment (FDI) policy. The government has also favoured changing the policy to allow investments by foreign airlines in Indian carriers,...

Mar 16 · >

Budget 2012-13: Excise, service tax rates may be increased

NEW DELHI: Finance Minister Pranab Mukherjee is likely to hike excise and service tax in the general budget, said Dinesh Thakkar, CMD, Angel Broking. “We are expecting excise and service tax to be raised from 10% to 12% as well as some kind of reassurance of implementation of DTC...

Mar 16 · >

Akhilesh Yadav takes over as youngest CM of UP

Lucknow: Akhilesh Yadav, the state president of the Samajwadi Party, was sworn in as the youngest chief minister of the country’s most populous state, Uttar Pradesh, along with 19 cabinet ministers and 28 state ministers by Governor BL Joshi here on Thursday. The ceremony was attended, among others, by...

Mar 16 · >

RBI policy review: Expertview

Analysts view RBI’s comments ‘less dovish’ as it says inflation risks remain and this ‘will influence both timing and magnitude of future rate actions’. VIVEK RAJPAL, INDIA RATE STRATEGIST, NOMURA, MUMBAI “RBI is not as dovish as expected. It has rather sounded cautious on inflation. Though, in their guidance,...

Mar 16 · >

IT industry expects Budget to set right taxation anomalies

Bangalore: With the export-oriented information technology industry facing strong headwinds from the global economic slowdown, the sector is expecting the forthcoming Union Budget to set right what it calls “taxation anomalies”, thereby easing some of the pain. The $88-billion Indian technology industry, which includes IT services & BPO and...

Mar 16 · >

Golbal funding vital to take on climate change: Survey

NEW DELHI: Global funding is vital for countries like India to address concerns related to climate change as mitigation efforts ultimately involve costs, says the Economic Survey 2011-12, which for the first time has made a pointed reference to the challenge posed by climate change. “Global funding through the...

Mar 16 · >
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