New Delhi: The government is unlikely to raise the allocation for its key tax remission schemes for exporters in the full budget for 2024-25 amid demand for increased support from the exporting community, senior officials said. In the interim budget presented in February, the government earmarked ₹16,575 crore for the Remission of Duties and Taxes … Read more
New Delhi: The central government’s fiscal deficit, in absolute terms, could be slightly better than the revised estimates for FY24, on the back of better than expected revenue receipts, an official said. In the interim Budget in February, the government pegged its FY24 fiscal deficit at ₹17.35 lakh crore, against the budget estimate of ₹17.89 … Read more
Indian government expenditure needs to be focused on development given the growth needs and the interim budget intentions signal that the general government debt-GDP ratio could decline to 73.4 per cent by 2030-31, around 5 percentage points lower than the IMF’s projected trajectory of 78.2 per cent, a research paper by RBI showed. “With recalibration … Read more
This year’s interim budget has come on the back of a turbulent global economic environment marked by slowing global growth and rising volatility. Against this backdrop, Finance Minister Nirmala Sitharaman has very nicely balanced fiscal discipline, welfare necessities and inclusive economic growth. To everyone’s very pleasant surprise, the balance between economic growth and fiscal consolidation … Read more
As Finance Minister Nirmala Sitharaman resisted the lure of populist schemes in an election year but followed the fiscal deficit consolidation path by maintaining its investment-led spending growth strategy, investors have welcomed the interim Budget. It also throws up scores of stock ideas from the world of infrastructure, railways, capital goods, renewables, solar power, tourism … Read more
Interim budget does in no way disturb my thesis – Nifty of 50,000 by 2030. This is more than double the current Nifty level of 22,000. However, over seven years, the CAGR (compound annual growth rate) works out to only 12%. Budgets, such as this one, gently nudge things towards my Nifty target. How? Considering … Read more
The decision to extend tax benefits that were set to expire in FY24 by a year will provide global investors and eligible companies with the clarity and certainty they need to enhance investment and operational planning, experts said. Eligible startups, sovereign wealth funds, pension funds, and units in the International Financial Services Centre (IFSC) GIFT … Read more
Companies with branches in multiple cities will now need to register for input service distribution (ISD) to claim input tax credit for services provided by the head office to the branch office, a move expected to reduce disputes significantly.The interim budget proposed to make this rule mandatory, besides the requirement of a separate registration that … Read more
The Interim Budget which focuses on fiscal consolidation, infrastructure spending, consumption, and capital expenditure can create a ripple effect on many sectors of the economy as the government has set a capex target of Rs 11.1 lakh crore for FY25. Within the confines of the available fiscal space, the government is channeling enough for capex … Read more
New Delhi: The government has prioritised the development of micro, small and medium enterprises (MSME) to allow them to grow and compete globally, finance minister Nirmala Sitharaman said Thursday. “It is an important policy priority for our government to ensure timely and adequate finances, relevant technologies and appropriate training for the Micro, Small and Medium … Read more
