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Thursday, 25 June 2015
Sunday, 8 March 2015
Budget 2015-16
BUDGET HIGHLIGHTS ;
ECONOMY & RELATED
ECONOMY & RELATED
Ø Real GDP growth to jump to 7.4%, making India the largest growing economy in the world.
Ø CAD for this year is expected to be 1.3% of GDP
Ø Expect CPI inflation to remain close to 5% by end of the year, FM: Our objective is to keep inflation below 6 percent
Ø Expect to implement Goods & Services tax by April 2016
Ø Incremental change is not going to take us anywhere we have to think in terms of quantu
Ø MNREGA to stay, says FM
Ø Roadmap to achieve Fiscal deficit of 3% of GDP in three years: Target is 3.9% in
2015-16, 3.5% in 2016-17, 3% in 2017-18.
Ø Govt to bring a comprehensive bankruptcy code for the ease of doing business by 2015-16,
says FM Jaitley
PROPOSALS RELATING TO TAX & OTHER LAWS
Ø To abolish Wealth Tax;
Ø Corporate Tax Rate reduced to 25% for over next four years. Exemptions & deductions to be scrapped
Ø Exemptions For Individual Tax Players To Continue
Ø Yoga to be included as Charitable Purpose
Ø To Enact New Law For Black Money
Ø Concealment of income will attract 10 yrs of rigorous imprisonment
Ø Stringent penalties and jail for Black Money holders and evaders
Ø Benami property transaction bill to tackle black money transaction in real estate soon
Ø Foreign Exchange Management Act To Allow For Seizure Of Foreign Assets
Ø FEMA Act to be amended to incorporate Black Money provisions: Finance Minister
Ø To Allow Tax Pass-through For Alternative Investment Funds
Ø To Tighten Reporting Of Cash Transactions
Ø To Have Benami Transaction Prohibition Bill For Domestic Black Money\
Ø Quoting PAN a must for all purchases above One Lakh
Ø 100% deduction allowed for all contributions in Swachh Bharat Abhiyan [except contribution in CSR]
Ø Proposes to rationalise capital gains tax regime for real estate investment trusts
Ø To defer GAAR by 2 years
Ø Tax pass through to be allowed in alternative investment funds to boost small firms, startups
Ø Propose To Rationalise Capital Gains Regime For REITs/InvITs
Ø TO reduce Custom Duty on 22 items
Ø Rental Income from REITS to have pass through facility
Ø Income Tax On Royalty Fees For Technical Reduced To 10%
Ø 2% Addl. Surcharge on Super Rich.
Ø Reduced taxes on Technical Services to 10% from 25%
Ø Tax reduce for foot wear above 1k per pair
Ø Service Tax increased to 14%
Ø 80D Health insurance 15000 to 25000, For senior citizens 30000
Ø 80DDB increased to 80000
Ø Wealth Tax abolished
Ø Tax on royalty income decrease from 25% to 10%
Ø Transport Allowance exemption increased to 1600 pm
Ø Domestic Transfer Pricing limit increased from 5crores to 20 crores
Ø NBFCs with size of Rs 500 cr and above to get parity in recoveries by including in SERFASIA Act as financial institution.
OTHER HIGHLIGHTS
1) 6 crore houses by 2020 biggest ever construction project
2) Outlay upped by 24,000 cr for rail, road
3) Capex for state PSUs to be Rs 3.17 lakh crore
4) Budget 2015: Jaitley unveils budget for growth, investment
5) Universal social security system may prove costly
6) FM has announced three social sector schemes now...after speaking of double digit growth,
7) making India prosperous by 2022, etc etc, as well as talking about rationalizing subsidies,
8) Real GDP growth to jump to 7.4%, making India the largest growing economy in the world.
9) CAD for this year is expected to be 1.3% of GDP
10) Expect CPI inflation to remain close to 5% by end of the year, FM: Our objective is to keep inflation below 6 percent
11) Expect to implement Goods & Services tax by April 2016
12) FM: Incremental change is not going to take us anywhere we have to think in terms of quantum
13) MNREGA to stay, says FM
14) Roadmap to achieve Fiscal deficit of 3% of GDP in three years: Target is 3.9% in
2015-16, 3.5% in 2016-17, 3% in 2017-18.
15) Govt to bring a comprehensive bankruptcy code for the ease of doing business by 2015-16,
says FM Jaitley
16) NBFCs with size of Rs 500 cr and above to get parity in recoveries by including in SERFASIA Act as financial institutions
17) 6 crore houses by 2020 biggest ever construction project
18) Outlay upped by 24,000 cr for rail, road
19) Capex for state PSUs to be Rs 3.17 lakh crore
20) Budget 2015: Jaitley unveils budget for growth, investment
21) Universal social security system may prove costly
22) FM has announced three social sector schemes now...after speaking of double digit growth,
23) making India prosperous by 2022, etc etc, as well as talking about rationalizing subsidies,
24) Tax-free infra bonds proposed for rail, road
25) Budget 2015: India's 2015/16 GDP growth seen at 8-8.5% y/y, says FM Arun Jaitley
26) If Sarfaesi is applied properly, many over-leveraged businesses will go bust
27) Startups will get capital boost of Rs 1000 crore
28) Public Sector Ports to be made firms under Companies Act
29) Construction, CG stocks surge up to 13% as PM begins Budget speech
30) So, both PM and CEA said yesterday that small systemic changes will have a big impact than
30)
31) Need to upgrade 80,000 secondary schools Arun Jaitley
32) Ease of business with ebiz portal, this will get further push
33) Expert panel to prepare draft on easing permissions for doing business
34) Ok, so big hike in spending on infrastructure...that will be a growth booster...especially
34)
35) in the roads sector where multiplier effects are visible quickly...if this extra Rs 70,000
35)
36) cr is actually spend...that's a real growth push
37) 5 UMPPs in power sector to unlock investments of Rs 1 lakh crore
38) The move is positive for stocks like UltraTech Cement, JK Lakshmi, India Cement, ACC, and
38)
39) Kajaria Ceramics
40) Hmm...Rs 20,000 crore annual infrastructure fund and Rs 1,000 crore start-up fund...no
40)
41) quibbles about the infra fund but why only a tiny start up fund?
42) Budget 2015: 4.1% fiscal deficit target to be met; 3% targeted in medium term, says FM
42)
43) Jaitley
44) The S&P BSE Auto Index (0.33 per cent), S&P BSE Healthcare Index (0.21 per cent), S&P BSE
44)
45) Metal Index (0.05 per cent) and S&P BSE IT Index (0.07 per cent) are top sectoral losers
46) Second unit of Kodanakulam N plan to be commissioned in 2015-16
47) Allocation to MNREGA upped by Rs 5,000 crores
48) Nat'l Infrastructure Fund will try to leverage infra companies ; Tax free bonds for Roads ,
48)
49) Railways & irrigation: @arunjaitley #Budget2015
50) How does FM plan to reform PPP projects, most of which are under the water?
51) Corporatisation of government ports (major ports) welcome idea
52) MNREGA cash boost will make it highest allocation ever, rural wages will also get boost
53) Another 5 UMPPs announced. But the earlier ones are still stuck. What happens to those?
54) Budget 2015: India's 2015/16 GDP growth seen at 8-8.5% y/y, says FM Arun Jaitley
55) PM farm plans get Rs 3,000 crore extra allocation
56) To invest Rs 20,000 crore in Infrastructure Fund
57) To spend extra Rs 70,000 crore on boosting Infra this year
58) To spend extra Rs 70,000 crore on boosting Infra this year
59) To address job creation in software sector
60) CRISIL analysis: CRISIL expects CAD at 1.2% of GDP in 2014-15, and 1.1% in 2015-16
61) FMC to be merged with Sebi to strengthen regulation
62) Public debt agency to bring borrowings under one roof
63) Section 6 of Fema to be amended
64) Budget 2015: Jaitley unveils budget for growth, investment
65) Government is stepping in to invest in infrastructure with debt laden private companies
65)
66) floundering and no bankable model for infra funding avialable Will it be an Uncommon Budget
66)
67) for the Common Man? Watch Budget For Achhe Din on ET NOW. 7am onwards on 28th Feb
68) Big infrastructure push to accelerate growth
69) ‘Need to cut subsidy leakage; aiming at rationalising subsidies’
70) Pragmatic view on fiscal deficit
71) Higher NREGA allocation could boost farm wages in the short term
72) Task force to be set up to establish grievance agency for financial redressals
73) CRISIL analysis: Government committed to keeping inflation below 6%, CRISIL expects CPI at
73)
74) 5.8% in FY16
75) Direct Tax plan to get competitive edge
76) GST to bring greater transparency
77) Merger of FMC and SEBI a good idea ... equity and commodity markets will now have a single
77)
78) watchdog. But the capacity, knowledge base and efficiency of this organisation has to be
78)
79) boosted massively from today's levels.
80) Gold monetisation scheme to replace deposit and metal loans
81) Budget 2015: Propose universal social security; Rs 2 lakh accident insurance, says FM
81)
82) Jaitley
83) 5 cr small business to get mudra bank
84) Nifty slips below 8,900 and is near day’s low at 8868.35, up 23.75 points or 0.27 per cent.
85) Budget: Govt to prioritise completion of 1 lakh kilometers of additional roads, says FM Arun
85)
86) Jaitley
87) Ok, he's talking of direct taxes...EPFO...middle class time in the budget speech
88) Markets pare gains, but in green; Tata Steel and BoB surge upto 4%
89) FM said earlier, FMC will be merged with SEBI, something that was widely anticipated...a
89)
90) good move
91) Rs 1000 crore boost to Nirbhaya Fund
92) Rupay Debit Cards to be incentivised. Move towards paperless transactions
93) Am I hearing this correct? All direct tax exemptions to be scrapped?
94) Commodity futures markets will grow in the next few years and mayovertake stock volumes as
94)
95) commodity futures will be considered assecurities regulated by Sebi
96) Visa on arrival for 150 countries from 43
97) Current status of markets
98) #Budget2015 #Arunjaitley: propose to increase visa-on-arrival to 150 countries to increase
98)
99) tourism
100) Gre
101) Aru
102) To merge FMC with SEBI to strengthen regulation; To amend Section 6 FEMA: MCX rallies 8.5
102)
103) per cent
104) Pub
105) RBI powers may undergo a dilution as a new monetary policy committee with government
105)
106) nom
106)
107) hik
108) Reg
109) Ski
110) Bud
111) Bud
112) Nat
113) Rs 15,000 crore scheme to skill rural India
114) Poo
115) Eff
115)
116) cro
117) AII
118) IIM
119) 3 new pharma institutes in Maharashtra, Rajasthan and Chhattishgarh
120) Ban
120)
121) for the business
122) Nat
123) Mer
124) Bud
125) Gov
126) To introduce Gold Monetising Scheme; To earn interest:FM
127) Mer
128) Bud
129) Com
130) Ind
131) A concrete effort by the Centre to improve ease of doing business, replacing slew of permits
131)
132) wit
133) Boo
134) Jew
135) Sou
136) Rs 10,000 crore for women and child development
137) Def
138) Bud
139) Low cost populism manifest in the pension and insurance cover on offer
140) Mar
141) New bankruptcy law to facilitate ease of doing business: KMPG
142) Rs 346.99 billion for NREGA scheme
143) Ind
144) Ext
145) Arm
146) FY1
147) Rs 1,200 crore for fast track corridor between Ahmedabad and Mumbai
148) Tot
149) FY1
150) Sov
151) Bud
152) Alp
152)
153) the ground
154) Bud
155) Sov
156) Fis
157) Uni
158) Rev
159) Pun
160) Gre
161) #
161)
162) is 13.12 lakh cr, and Plan is 4.65 lakh crores
163) FM has dones well to balance needs of all segments
164) Glo
165) Bud
166) FY1
167) Bud
168) FY1
169) Por
170) Inv
171) Mid
172) Cor
173) Cor
174) Cor
175) Gol
176) Wes
177) Ame
178) To launch measures to tackle black money
179) Uni
179)
180) pro
181) Fis
181)
182) spe
183) Bud
184) Gov
185) Uni
186) Ele
187) Bil
188) Com
189) Gre
189)
190) all classes of foreign investors. At present only NRIs can invest in domestic funds. Such
190)
191) inv
192) Pen
193) Bas
193)
194) by reducing exemptions: @arunjaitley #Budget2015
195) Clu
195)
196) red
197) Hid
198) Hid
199) Pha
200) Ata
201) FM: Corporate tax cut to start from next year
202) Ata
203) FM: Corporate tax cut to start from next year
204) Tax evasion in relation to foreign asset will be predicate offence
205) Bud
206) Cut in Corporate tax rate cut to 25 per cent from 30 per cent over 4 years is an excellent
206)
207) ide
208) For
209) FEM
210) Ben
211) PAN must for any sale exceeding Rs 1 lakh
212) Sen
212)
213) per cent over 4 years
214) FM says employees can soon chose between PF and new pension scheme, meaning possibly PF
214)
215) won
216) Eas
217) Big policies on gold...more interest income for those holding the metal...gold bonds and a
217)
218) new gold coin with Ashoka emblem...the new gold coin could be this budget's most popular
218)
219) ann
220) Pro
221) The gold coin is aimed at recycling old gold and preventing gold imports...sounds like a
221)
222) sma
222)
223) coi
224) Cap
225) Lis
225)
226) goe
226)
227) ban
227)
228) wil
229) FM says what other FMs should have said a long back...cut in business tax exemptions and
229)
230) red
230)
231) rea
232) FM announces plan for "ultra mega" power projects. The move will benefit companies like
232)
233) NTP
234) Off
235) Off
236) Nic
236)
237) wit
237)
238) hav
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