Diabytes
Budget 2017 wishlist News
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The major infrastructure focus should be on ports, railways and roads to reduce the logistics cost which is probably one of the highest in the world for movement of goods.
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The infrastructure sector`s stakeholders expect a rise in budgetary allocation for 2017-18 and tax breaks to reinvigorate the industry.
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With the government`s emphasis on a less-cash economy, stakeholders in the country`s digital space have sought incentives in the upcoming Union Budget on February 1.
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Days before Finance Minister Arun Jaitley is to present his fourth Union Budget, British oil firm Cairn Energy Plc on Wednesday asked him to use the opportunity to repeal the retrospective tax legislation that continues to create a barrier for international investors.
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Over the financial year 2016-17, the central government allocated Rs 43,554 crore to school education and literacy, and Rs 28,840 crore to higher education.
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Section 54 EC of Income Tax Act, 1961 provides an option to save tax on capital gain arising from transfer of long-term capital asset subject to certain conditions.
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The dometic gems and jewellery industry, which went through a lot of turmoil in 2016, has urged the government to increase the mandatory PAN card limit to Rs 5 lakh and above and reduce the import duty on gold to atleast 5 percent in the Union Budget 2017-18.
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In order to increase insurance penetration in India, the insurance industry is seeking higher tax exemptions in the upcoming budget.
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Government should restrict corporate tax at 25 percent with cesses and surcharges, PHD Chamber of Commerce and Industry has said.
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Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
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Ahead of the Union Budget, a top body of broadcasters has written to the government seeking "Infrastructure Status" for the broadcasting industry.
Miners' body Federation of Indian Mineral Industries (FIMI) has sought for abolition of export duty on the low-grade iron ore in the upcoming budget.
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With more economic activity entering the tax net post demonetisation, government should lower the corporate tax rate to 18 percent, said CII in its pre-Budget memorandum to the Finance Ministry.
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With just a fortnight left for the presentation of the Union Budget, students are hoping that the forthcoming Budget would see some special announcemts being made by the Finance Minister.
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Every household is run by the women on a certain Budget and the impact of the Union Budget is directly proportional with their expenditure.
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