ô€‚‰ô€‚‰ Clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution and independent judiciary for greater assurance is underlying theme of tax proposals. ô€‚‰ô€‚‰ Tax Administration Reforms Commission to be set up. ô€‚‰ô€‚‰ In short…
Union Budget 2013-2014: ENVIRONMENT.!
ô€‚‰ô€‚‰ Support to municipalities that will implement waste-to-energy projects. ô€‚‰ô€‚‰ Government to provide low interest bearing fund from the National Clean Energy Fund (NCEF) to IREDA to on-lend to viable renewable energy projects. ô€‚‰ô€‚‰ ‘Generation-based incentive’ reintroduced for…
Union Budget 2013-2014: Three promises..!
ô€‚‰ô€‚‰ Promises made to woman, youth and poor. ô€‚™ We stand in solidarity with our girl children and women. And we pledge to do everything possible to empower them and to keep them safe and secure. A fund - “Nirbhaya Fund” - to be setup with Government contribution of Rs. 1,000 cr…
Union Budget 2013-2014: Insurance Sector..!
ô€‚‰ô€‚‰ A multi-pronged approach to increase the penetration of insurance, both life and general, in the country. ô€‚‰ô€‚‰ Number of proposals finalised, in consultation with IRDA such as empowering insurance companies to open branches in Tier-II cities and below without prior approval …
Union Budget 2013-2014: Capital Market..!
ô€‚‰ô€‚‰ Proposal to amend the SEBI Act, to strengthen the regulator, under consideration. ô€‚‰ô€‚‰ Number of proposal finalised in consultation with SEBI. ô€‚™ Designatged depository participants, authorised by SEBI, may register different classes of portfolio investors, subject to compli…
Union Budget 2013-2014: Textiles Sector...!
ô€‚‰ô€‚‰ Technology Upgradation Fund Scheme (TUFS) to continue in 12th Plan with an investment target of Rs. 1,51,000 crore. ô€‚‰ô€‚‰ Allocation of Rs. 50 crore to Ministry of Textile to incentivise setting up Apparel Parks within the SITPs to house apparel manufacturing units. ô€‚‰ô€‚‰ A…
Union Budget 2013-2014: Foreign Trade..!
ô€‚‰ô€‚‰ Support to measures to be taken to boost exports of goods and services. FINANCIAL SECTOR ô€‚‰ô€‚‰ A standing Council of Experts to be constituted in the Ministry of Finance to analyse the international competitiveness of the Indian financial sector. Banking ô€‚‰ô€‚‰ Compliance of publ…
Union Budget 2013-2014: Industrial Corridors..!
ô€‚‰ô€‚‰ Plans for seven new cities have been finalised and work on two new smart industrial cities at Dholera, Gujarat and Shendra Bidkin, Maharashtra will start duing 2013-14 ô€‚‰ô€‚‰ Delhi Mumbai Industrial Corridor (DMIC) to be provided additional funds during 2013-14 within the shar…
Union Budget 2013-2014: INVESTMENT, INFRASTRUCTURE AND INDUSTRY
ô€‚‰ô€‚‰ Communication with investors to be improved to remove any apprehension or distrust, including fears about undue regulatory burden. ô€‚‰ô€‚‰ Need of new and innovative instruments to mobilise funds for investment in infrastructure sector. Measures such as: ** Infrastructure Debt …
Union Budget 2013-2014: Cabinet Committee on Investment
ô€‚‰ô€‚‰ The Cabinet Committee on Investment (CCI) has been set up. Decisions have been taken in respect of a number of gas, power and coal projects. New Investment ô€‚‰ô€‚‰ Companies investing Rs. 100 crore or more in plant and machinery during the period 1.4.2013 to 31.3.2015 will be…