According to Finance Secretary Arvind Mayaram, The budget will revolve around growth-promoting policies. The govt will soon introduce new FDI policies. The govt will focus on reviving manufacturing sector which has seen a slump. Declogging the infrastructure is of priority as also the simplification of procedures and timelines will be set to ensure no delays to … [Read more...] about Budget To Focus On Growth Policies
FDI
Treat Foreign Investment Over 10% In Listed Firms As FDI: Panel
Recommendations by the panel on rationalising definitions of FDI and FII, headed by Finance Secretary Arvind Mayaram: Treat foreign investment of over 10% in a listed company as FDI. Treat investments by NRIs on a non-repatriable basis as domestic investment. Treat foreign investment in an unlisted company as FDI. Allow investment below 10% and treat it to FDI subject … [Read more...] about Treat Foreign Investment Over 10% In Listed Firms As FDI: Panel
Boosting Market Investments
Although share market values have been on the rise, a revival of the markets has not been achieved yet. Reasons: Often there is a time lag between the conception of a project and its financing through stock market route. Due to reduction in Investments and savings coupled with govt failures, a number of infrastructure projects have not been executed. Although the govt … [Read more...] about Boosting Market Investments
India Inc Demand For Conducive Tax Reforms
Demands presented to the Union Finance Minister by India Inc: Fiscal consolidation without compromising on the quality of adjustment. Lowering of taxes. Raising tax exemption limit to Rs. 5 lakh from the existing Rs. 2 lakh. Easing curbs on gold imports. Clarity on retrospective amendment laws. Amendments to the Income Tax Act for simple, prospective taxation. Early … [Read more...] about India Inc Demand For Conducive Tax Reforms
RBI’s Bi-Monthly Policy
RBI’s, in its first bi-monthly policy after elections has: Reduced the Statutory Liquidity Ratio (SLR) by 50 basis points to 22.5%. This will: Give banks more freedom to expand credit to the non-govt sector increasing their lending to private sector. Opens up the possibility of a large reduction of govt debt holdings by banks. Help infuse around Rs.40,000 crore into … [Read more...] about RBI’s Bi-Monthly Policy