ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar

ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar

“Given the recent election results fell short of expectations for the NDA, there might be a renewed focus on social expenditure, particularly in rural areas, to boost consumption, and drive economic activity,” says CA Arun Kumar Poddar, CEO & Executive Director, Choice International Ltd. In an interview with ETMarkets, Poddar said: “For the next six … Read more

Budget 2024: Tariffs, duties & nuisance tax – Here’s what electronics industry wants from FM Nirmala Sitharaman

Budget 2024: Tariffs, duties & nuisance tax – Here’s what electronics industry wants from FM Nirmala Sitharaman

The electronics industry wants Finance Minister Nirmala Sitharaman to reduce the number of tariff lines and streamline the duty structure for sub-assemblies and input parts, along with removing nuisance tariffs of 2.5% on some parts in the upcoming budget The India Cellular & Electronics Association has demanded that the government consolidate the tariff lines into … Read more

ETMarkets Smart Talk: Reforms to attract FDI, simplification of tax regime & green energy likely in Budget 2024: Gurpreet Sidana

ETMarkets Smart Talk: Reforms to attract FDI, simplification of tax regime & green energy likely in Budget 2024: Gurpreet Sidana

“We also foresee reforms to attract foreign investment, simplification of the tax regime, and prioritization of sustainability and green energy,” says Gurpreet Sidana, CEO- Religare Broking Ltd. In an interview with ETMarkets, Sidana said: “Initiatives to boost the rural economy, MSME sector and job creation should also be in focus,” Edited excerpts: We are trading … Read more

auto parts gst: Union Budget 2024: Incentivise capex, rationalise GST rates on EVs, components make part of ACMA’s Budget wishlist

auto parts gst: Union Budget 2024: Incentivise capex, rationalise GST rates on EVs, components make part of ACMA’s Budget wishlist

Auto components industry body ACMA on Monday called for incentivising capex expenditure, increasing depreciation rates on plant and machinery and rationalising GST rates on EVs and its components, ahead of the upcoming Budget 2024-25. In its recommendations submitted to the Ministry of Finance and the nodal ministry for automotive industry, the Ministry of Heavy Industries, … Read more

ETMarkets Smart Talk: We could see tweak in corporate & personal tax to boost consumption in Budget 2024: Samir Bahl

ETMarkets Smart Talk: We could see tweak in corporate & personal tax to boost consumption in Budget 2024: Samir Bahl

“We might also see some change in corporate tax rates along with lowering tax rates for certain categories of individuals to boost consumption,” says Samir Bahl, CEO – Investment Banking, Anand Rathi Advisors. In an interview with ETMarkets, Bahl said: “Government might provide more aid to MSMEs through schemes for supply chain development, manufacturing facilities … Read more

ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni

ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni

“The IT sector is currently a dark horse, influenced more by the global economic regime than India’s policy framework,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. In an interview with ETMarkets, Kulkarni said: “The stock markets will likely trend upward in the next six months. The upcoming budget will be a critical factor … Read more

Budget: India likely to present Budget on July 22

Budget: India likely to present Budget on July 22

Union Budget 2024 is expected to be presented on July 22, sources told ET. This will mark the first full Budget of the Modi 3.0 administration. The main policy priorities for Prime Minister Modi’s government will focus on addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue … Read more

jobs india: ‘Unemployment is not a problem’: Arvind Panagariya’s prescription to FM Nirmala Sitharaman ahead of Budget

jobs india: ‘Unemployment is not a problem’: Arvind Panagariya’s prescription to FM Nirmala Sitharaman ahead of Budget

Finance Commission Chairman Arvind Panagariya believes India’s main challenge isn’t creating jobs but reallocating capital to more labor-intensive sectors. Too much capital is tied up in industries that don’t hire many workers, he said. “The problem lies in the industry’s composition, especially manufacturing,” Panagariya told NDTV in an interview. The lack of jobs was the … Read more

Capital gains tax changes approved in House of Commons, Conservatives oppose – National

Capital gains tax changes approved in House of Commons, Conservatives oppose – National

The House of Commons voted Tuesday to approve the Liberal government’s capital gains tax changes despite the Conservatives opposing the measure. Prime Minister Justin Trudeau voted in person along with his government for the tax changes, which will increase the inclusion rate for taxable capital gains. They are now set to take effect June 25. … Read more

Capital gains changes set to be introduced Monday. Here’s what to expect – National

Capital gains changes set to be introduced Monday. Here’s what to expect – National

The Liberal government is set to introduce proposed changes to capital gains taxes in Canada. Finance Minister and Deputy Prime Minister Chrystia Freeland announced on Sunday that the long-awaited changes, which were originally part of the 2024 federal budget, would be coming Monday. The proposal, which has spurred a wave of controversy since the announcement, … Read more