Automobile federation also seeks some other tax sops such as increasing depreciation allowance on passenger vehicles across segments to 33%
Crafting a growth-oriented Budget that is fiscally sound and has wide political appeal is possible. Here's how
Industry body Amfi also asks approval for MF-linked retirement plans
FinMin might announce tax clarity for IDRs; currently, I-T Act does not recognise these instruments, so there is confusion over tax treatment
Jaitley did the bulk of the spadework for a separate legislation on SEZs. Kamal Nath built on it to get the SEZ Act through in 2005
Narendra Modi details sectors and issues where he wants government policy to focus, a month before general Budget
Could be recommended in Finance Commission's Oct report and be accepted
Govt could raise the amount foreign investors are allowed to buy by another $5 billion
The group has also urged the govt to constitute a national-level Commission, which looks into measures to prevent farmer suicides
Developers have demanded lower borrowing cost for the housing sector as well as reduced taxes to promote affordable housing
Seeks cooperation in early implementation of GST, tackling inflation
Demands abolition of ceiling on professional tax
Lenders express concern on rising bad loans and recovery; demand 100% tax deduction on bad debt
Fiscal consolidation, tax reforms should be the key
Government is laying special thrust in promoting the Indian shipping industry
Quoting Capexil data, AIRIA has stated that the import duty on raw materials is highest in India when compared to its neighbours
The industry body urged the UP government to emphasise on the manufacturing sector, including MSME segment
May be limited to a mere Rs 25,000 crore
Could mean costlier cooking gas, kerosene, diesel & rail fares; postponing of income tax relief, food security rollout