The longest ever Budget speech had several noteworthy highlights, but offers a little glimpse of the government’s plans for economic revival By Kulraj Ashpnani and Sneha Ghosh In the midst of an acute economic slowdown, the Union Finance Minister and her team had the responsibility to steer the Indian economy and restart the growth trajectory.
Bantwal Ramesh Baliga, CEO, Watertec India shares his take on the Union Budget 2020-21 by underlining key proposals that are likely to have a multi-faceted impact on stakeholders. How will the Budget proposals impact your company vis-à-vis vendors, employees, end-customer, investors, and others? Our company shall benefit with the proposed changes in Dividend Distribution Tax
Presenting the maiden Union Budget of the third decade of 21st century, Finance Minister Nirmala Sitharaman, today proposed a series of what she described as a “far-reaching” reforms, aimed at energising the Indian economy through a combination of short-term, medium-term, and long-term measures. Here are the key steps announced in Union Budget 2020-21 that may
The growth of building products industry hinges on the booming real estate sector. As the Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2020 on February 1, Rajesh Mehra, director and promoter of Jaquar Group shares the wishlist that he feels would boost the realty should the Modi-led government accept them.
As the countdown to the Union Budget 2020-21 has begun, KE Ranganathan, managing director of Roca Bathroom Products Pvt Ltd is hoping that the Finance Minister Nirmala Sitharaman will rationalise the Goods and Services Tax (GST) rates for the domestic bath fittings industry. “We would urge the centre to rationalise GST to 5% from the
Kamlesh Patel, chairman and managing director of Gujarat-based Asian Granito India Ltd has his wishlist ready for the Finance Minister Nirmala Sitharaman: 1. Tiles and sanitaryware should be brought in the 12% GST slab from 18% currently as it is no more a luxury item. Making the tiles and sanitaryware more affordable will help the
As the real estate sector is one of the major contributors of the country’s GDP and a significant job creator, Madhusudhan G, chairman and MD, Sumadhura Group says that the government should consider the following measures “to bring back growth” in the real estate sector. Firstly, the government should take more developer and investor-friendly initiatives
In view of the ongoing economic slowdown, the Finance Minister Nirmala Sitharaman will likely announce strong policy measures and reforms to propel investment, consumption and growth for all the sectors, Sanjay Goyal, CFO, Duravit India, says. “The government has already proactively reduced corporate tax rates to incentivise companies. Change in personal tax rates, sector-specific initiatives