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Monthly Archives: February 2015

To abolish wealth tax

To abolish wealth tax

* Replaces wealth tax with additional 2 pct surcharge on super rich

* Proposes to cut to 25 percent corporate tax over next four years

* Corporate tax of 30 percent is uncompetitive

* Net gain from tax proposals seen at 150.68 billion rupees

BUDGET HIGHLIGHTS

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Posted by on February 28, 2015 in Uncategorized

 

BUDGET HIGHLIGHTS

FISCAL DEFICIT

* Fiscal deficit seen at 3.9 percent of GDP in 2015/16

* Will meet the challenging fiscal target of 4.1 percent of GDP

www.capvision.co.in/freetrial.php

 
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Posted by on February 28, 2015 in Uncategorized

 

BUDGET HIGHLIGHTS

GROWTH

* GDP growth seen at between 8 percent and 8.5 percent y/y

www.capvision.co.in/freetrial.php

 
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Posted by on February 28, 2015 in Uncategorized

 

BUDGET HIGHLIGHTS

REVENUES

* Revenue deficit seen at 2.8 percent of GDP

* Non tax revenue seen at 2.21 trillion rupees

www.capvision.co.in/freetrial.php

 
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Posted by on February 28, 2015 in Uncategorized

 

BUDGET HIGHLIGHTS

MARKET REFORMS

* Propose to merge commodities regulator with SEBI

* To bring a new bankruptcy code

* Jaitley says will move to amend the RBI act this year, and provide for a monetary policy committee

www.capvision.co.in/freetrial.php

 
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Posted by on February 28, 2015 in Uncategorized

 

GENERAL ANTI-AVOIDANCE RULES

GENERAL ANTI-AVOIDANCE RULES (GAAR)

* Government defers rollout of anti-tax avoidance rules GAAR by two years

* GAAR to apply prospectively from April 1, 2017

www.capvision.co.in/freetrial.php

 
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Posted by on February 28, 2015 in Uncategorized

 

GOLD

GOLD

* To develop a sovereign gold bond

* To introduce gold monetisation scheme to allow depositors to earn interest

www.capvision.co.in/freetrial.php

 
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Posted by on February 28, 2015 in Uncategorized

 
 
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