Page 32 - Budget 2018

Farm credit poser

Focus on targeting instead of quantum

Budget bonanza: Govt likely to do away with dividend distribution tax

There has been discontent about this tax, because any corporate which pays dividend has to pay two taxes - the income tax on its profits and the DDT

Budget 2018: From FDI to unified market, challenges ahead for retail sector

Indian retail industry is projected to grow at a promising CAGR of 10% to reach $1.1 trn by 2021

GST Council may lower rates for farm gear, electric vehicles next week

The GST Council meeting will be its last one before the presentation of the Union Budget on February 1

Budget 2018: What Pranab, Chidambaram & Jaitley did & didn't do in the past

Here are the key highlights of the Union Budgets from 1997 to 2017

Budget 2018: Amfi wants debt-linked savings scheme included in Section 80C

A look at the mutual fund industry's budget expectations from finance minister Arun Jaitley in Union Budget 2018

Budget 2018: Expecting a greater spend on healthcare, says Biocon chairman

'India has affordable access to healthcare, but the need of the hour is a greater investment in this sector'

M&A deals in FMCG sector outlook: Prospects look good, onus on Budget 2018

New Delhi, 10 JanuaryAfter two years of surge in merger and acquisitions (M&A) deals, 2017 proved to be a quiet year for the fast-moving consumer goods (FMCG) sector. The sector not only witnessed the least number of deals but the cumulative valuation also went down sharply - thanks to macro-level policy changes and knew-jerk reactions offered by the government.In 2015, according to data available from UK-headquartered accounting firm Grant Thornton, the cumulative value of M&A transactions surpassed ~405 billion. The following year, the number went past ~460 billion or 13.6 per cent higher year-on-year (y-o-y) as major players like Hindustan Unilever (HUL), Emami and Godrej Consumer Products picked up stakes in personal care product companies. While, HUL completed acquisition of hair care brand Indulekha for ~3.3 billion from Mosons Group, Emami bought another hair care brand Kesh King for ~16.5 billion. However, last year not only the number of deals fell to 16 from 21 in ...

Govt may exceed direct tax collection target of FY18 Budget estimates

Taxmen have been asked to stress on cash collection out of tax arrears and current tax demand raised by the tax department

Domestic miners seek export duty abolition on iron ore up to 62% Fe content

Mines industry has sought scrapping of 30% export duty on iron orewith up to 62% ferrous content in order to able to sell their surplusstockpiles overseas.At present, there is nil export duty on iron ore up to 58% Fe content.Federation of Indian Mineral Industries (FIMI) and Goa Mineral OreExporters Association (GMOEA) both have sought abolition of exportduty on iron ore with up to 62% Fe content.In a presentation to the central government FIMI has said, "Sincethere is no domestic demand for iron ore upto 62% Fe, then onlyalternative is to export."The iron ore from Odisha and Jharkhand can be exported only fromHaldia, Paradip, Vizag and Dhamra ports. An undertaking can be obtained from the mine owners that the iron orebeing exported from these ports are of Odisha and Jharkhand origin,FIMI said.Due to the slowdown in steel industry, domestic demand of iron ore isvery subdued. As against the production of 191 million tonnes in2016-17, domestic demand was only 107 million tonnes.About ...

Budget 2018 wish list: Smooth launch of REIT, infra status to real estate

The year 2018 is likely to be steady in terms of institutional investment into real estate

Focus on jobs, farms, and fiscal consolidation: Economists tell PM

Economists also favoured re-imposition of the long-term capital gains tax on listed securities and mutual funds

PM-economists meet: Job, farm, manufacturing and exports among focus areas

Niti Aayog Vice- Chairman Rajiv Kumar said over 40 economists and experts shared insightful views on various aspects relating to the economy and policy-making

Ahead of Budget 2018, PM and economists brainstorm on ways to revive growth

The meeting with over 40 economists and sectoral experts came weeks before the NDA-government presents its fifth and final full budget

Arunachal Deputy CM seeks suggestions for doubling farmer's income

The deputy chief minister also called on veterinary and fishery departments to increase their activities, and propose schemes that can supplement the agriculture and horticulture income of the farmers

Budget 2018: Crop insurance scheme likely to get allocation of Rs 130 bn

Under the upgraded crop insurance scheme PMFBY, launched early 2016, farmers pay a very nominal premium and get a full claim for the crop damage

Ahead of Budget, Centre relaxes FDI norms in airlines, retail, construction

The government also relaxed FDI policy for medical devices and audit firms associated with companies receiving overseas funds

Rupee reverses two day steep fall, ends at 11 paise at 63.26 against dollar

The rupee lost a whopping 34 paise in last two days

FDI not worth much without technology transfer, says Subramanian Swamy

Swamy's comments happen to come on a day when the government has announced big bang FDI reforms ahead of the budget next month

Budget 2018: Andhra CM writes to FM for grant through NABARD for projects

He requested that certain projects be funded in the form of 'grants' instead of loans from external agencies