In the upcoming financial budget, the government should allocate 2.5% of GDP for health care sector, says Dr. Reddy’s Laboratory, India’s second largest drug manufacturer. This is the right time to incentivize and encourage the penetration of the health care reach and delivery. Dr. Reddy’s Laboratory “A good way to start would be to signal […]
The Indian Government may make some he changes in the upcoming financial budget, by increasing the tax rates. On the other hand, the government is giving room to the Reserve Bank of India to decrease the tax rates for sustaining higher growth, the Reuters reported Friday, said Pronob Sen, principle advisor to the Planning Commission. […]
At the time when the Govt. is fighting hard to control the Inflation and ever rising prices of consumer goods in India, it looks like one thing that is probably going to take a hit during the upcoming Budget 2012 is the Power Tariffs. Here is why? The power distribution companies in India are already […]
If anyone possesses property above Rs. 1 crore including watches and paintings, then the person have to pay extra property tax for that, Pranab Mukherjee going to announce this in the financial budget 2012. The proposed Direct Tax Code (DTC) was supposed to replace the existing Income Tax Act 2012, has suggested to pay 1% […]
Sam Pitroda, adviser to PM and Anil Kakodkar suggested to improve the security issues in train in this Railway Budget 2012. This recommendation was done by keeping 23 million regular commuters in Indian Railways every day. Unlike other experts in the past, Pitroda haven’t discussed about increasing railway fares and why railway is running in […]
The Non-Residential Indians (NRIs) expects from the Finance Minister to reduce the Tax Reduction at Source (TDS). NRIs are charged with TDS and they want some relaxation, whereas Resident Indians are charged with TDS only when income exceeds a certain limit. There is no such rule for the NRIs. Financial Budget 2012 for NRIs The […]
Finance Ministry is on a go to recover the fiscal deficit. As a part of this the government is planning to put back the excise duty cut on diesel. According to the data given by the oil ministry officials the government will be able to get a minimum Rs.35, 000 crore only by increasing the […]
The Finance Minister, Pranab Mukherjee on Sunday announced that, all the nationalized banks will get enough capital to fight against the economic short comings in the country. During the inauguration of the new corporate office of the Oriental Bank of Commerce, Mukherjee added that, “Government is working on the way to provide adequate capital to […]
