Official Budget 2015 Thread

[MokshaVimukthi]

This budget is a failure because it didn't touch on land and labor reforms.

Land acquisition is extremely difficult for infrastructure projects and building factories. Socialist labor laws are hostile to large-scale manufacturing.

It's disappointing that the new budget hasn't touched on these crucial areas.

India will never take off without completely overhauling her arcane labor and land laws.

Budget do not deal with laws. For that septate bills are passed in parliament.

Budget is just that, Budget. A plan on how to spend your money.

 

[by78]

Budget do not deal with laws. For that septate bills are passed in parliament.

Budget is just that, Budget. A plan on how to spend your money.

Then India is truly fucked until labor and land laws are completely overhauled. No amount of budget magic will change that.

 

[Arya Desa]

how does implementation of GST increase growth by 1%? Can you please explain bro

Companies can claim the taxes they pay back from the government. Currently goods accumulate taxes at each step, from raw materials to producer to distributor to end user. None of those companies can get taxes back, whereas in a GST system, only the end user (consumer) pays taxes.

 

[Abingdonboy]

We Got a Big Bold Budget: Ramesh S Damani


FM has Done 20 out of 23 Things We Asked for: Sunil Kant Munjal

FM has Done 20 out of 23 Things We Asked for: Sunil Kant Munjal

The Budget has a Vision: Rajan Mittal

Budget is Very Pragmatic: Sunil Singhania

Budget Gets the Investment Cycle Moving: Keki Mistry

 

[Abingdonboy]

Budget 2015: With Rs 4,258 crore, Metro expansion on fast track

NEW DELHI: Unlike last year, Delhi Metro has not been disappointed with the central allocation. It is Rs 4258.61 crore, a 22.7% increase over Rs 3460.16 crore given last year. This will help it in completing its Phase III projects on time. With the road and transport infrastructure creaking under the weight of the growing number of vehicles in the capital, timely execution of Metro projects can bring a lot of relief.

Of this amount, however, only Rs 1006.64 crore has been given by the Centre for Phase III. An amount of Rs 125 crore has been set aside for expansion into other NCR areas. A substantial Rs 530.18 crore accounts for land acquisition costs and central taxes. Another Rs 2,596.79 crore is the pass through assistance i.e the amount given as a loan by Japan International Cooperation Agency (JICA).

The total amount sanctioned for Phase III is Rs 42,674.91 crore. This includes extensions to Faridabad and Bahadurgarh as well as all taxes. Of this, JICA is funding 53% while the equity for the Centre and Delhi government is 10.95% each.

......

Budget 2015: With Rs 4,258 crore, Metro expansion on fast track - The Times of India

 

[The_Showstopper]

Surendran,Ramesh and another one guy
are good .Rest of them are stupid.

How is Rahul Eashwar? I've heard him in debates, was a reasonable guy with good debating skills. Is he a BJP member or plans to be one?

 

[SrNair]

How is Rahul Eashwar? I've heard him in debates, was a reasonable guy with good debating skills. Is he a BJP member or plans to be one?

No.He is just a social activist.Not a politician

 

[magudi]

The BSE Sensex jumped 200 points while the 50-share Nifty traded above the key 8,950 on Monday on optimism that Budget announcements will increase corporate earnings and push growth. The BSE Sensex and Nifty neared the previous highs of 29,844.16 and 8,996.60 in morning trade.

The rally on Monday was led by banking stocks, especially private sector lenders. However, cigarette maker ITC continued to see selloff after as the Budget proposed steep hike in excise duty. ITC is the most influential stock in the Sensex and Nifty and selling pressure in the stock has weighed on benchmark indices over the last two sessions.

Mr Jaitley announced Rs. 70,000 crore more to increase spending on the country's infrastructure, a step likely to kick start the investment cycle and put the economy back on track.

He also promised lower-than-expected borrowing despite raising the fiscal deficit target. The finance minister proposed a cut in corporate tax to 25 per cent from 30 per cent over four years; he said GST implementation from April 1, 2015 remained on track.

Mr Jaitley also announced several measures to woo foreign investors, who have been the backbone of the current rally that has seen Indian stocks outperform most emerging markets. He deferred the dreaded General Anti Avoidance Rule (GAAR) by two years and proposed to extend a concessionary rate of 5 per cent for so-called withholding taxes on debt investments by foreign investors by two years, until July 1, 2017.

Most brokerages gave a thumbs-up to Finance Minister Arun Jaitley's Budget proposals. CLSA said Saturday's Budget gave Infra push despite fiscal constraints; faith in growth economic recovery stays intact. Citi said Budget meets bar and aggressively builds on its eco-social thrusts. It's good enough to consolidate market.

Goldman Sachs said the Budget is rightly focused on reviving investments and decentralization. It expects bond yields to continue to come off gradually.

Credit Suisse applauded the Budget for higher allocation to plan expenditure and credible projection about tax collections. Morgan Stanley expects the Reserve Bank to cut interest rates by 125 basis points this year and says a rate cut could come as early as this week. Nomura said the proposal to cut corporate tax rates after a long time is positive.

The Sensex traded 171 points higher at 29,532 as of 09.20 a.m. while the Nifty was up 50 points at 8,952.



Sensex, Nifty near Record Highs on Budget Optimism; ITC Weighs – NDTV Profit

 

[SAMEET]

Lets be realistic, he offered a 5% cut for Corporate tax, but 0% cut for Individual Income Tax

cause last year there was increase in tax slab !

 

[SpArK]

 

[magudi]

Why here?

 

[OrionHunter]

Lets be realistic, he offered a 5% cut for Corporate tax, but 0% cut for Individual Income Tax

Ok, to be fair to him, he's cut corporate tax by 5% but abolished all exemptions. That means the corporates have to pay more. Rahul Bajaj mentioned on TV the other day that abolishing exemptions would mean his companies would be losing Rs 30 crores per annum in spite of reduction of taxes!

 

[magudi]

Ok, to be fair to him, he's cut corporate tax by 5% but abolished all exemptions. That means the corporates have to pay more. Rahul Bajaj mentioned on TV the other day that abolishing exemptions would mean his companies would be losing Rs 30 crores per annum in spite of reduction of taxes!

Both abolition of exemptions and cutting of taxes will occur in a phased manner it's not an overnight process as many seem to belive. Also to be noted is that some exemptions like export exemptions will most likely remain as cutting these wouldn't be prudent

 

[heisenberg]

Then India is truly fucked until labor and land laws are completely overhauled. No amount of budget magic will change that.

Land laws are already reformed right through ordinance and i believe this will turn into law also. Are you sure mate labor reforms can turnaround indian manufacturing. Rajasthan did bring such reforms but no substantial work in manufacruring sector there.

 

[SpArK]

Why here?

I dont know... It appeared there.