Says govt spending alone can't be enough
At a post Budget interaction at a CII event here, the minister said the government was there to facilitate the industry
Around 55 per cent recruiters anticipate new jobs as well as replacement hiring to happen in the first half of the year
Disillusioned corporates feel measures are unlikely to spur consumption
India Inc tax collections to fall 8% in FY20
Budget was a disappointment for the market but why despite six previous flop shows, the business community had fervid belief that the seventh time would be any different?
Head (treasury) of Lakshmi Vilas Bank R K Gurumurthy said tinkering with the personal tax and some structural changes in the way DDT
India Inc on Saturday termed the Budget as "growth provoking and welfare inducing" but said that urgent implementation of the measures proposed will be crucial for achieving desired outcomes, while acknowledging that Finance Minister Nirmala Sitharaman had "little room" to manoeuvre. Soon after Sitharaman unveiled the Union Budget for 2020-21 in Parliament woven around the themes of aspirational India, and economic development for all and caring society, India Inc took to Twitter to share views on the announcements. The finance minister proposed new slabs and reduced tax rates under them for an individual income of up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions. She also proposed to remove dividend distribution tax on companies, and henceforth the tax will be shifted to recipients at the applicable rate. "Amidst global turbulence and nations dealing with bushfires & corona virus, FM Sitharaman has looked to craft a granular long-term ...
Analysts said the lower utilisation of its UK plant due to Brexit would lead to higher production cost for each unit and squeezing its margins
From Air India's brand retention clause to Lalit Modi's asset sale claim, here are the top 10 business headlines
Taking off
In FY16, return on invested capital for the BSE 500 companies was 10.45 per cent; at the end of FY19, it had improved to 11.55 per cent
Budget should reverse two-year slide towards closed economy
Market players say access to equity capital will give companies the confidence to chalk expansion plans to benefit from an upturn in the economy
"One of the most important issues is job creation...the most fundamental drive has to be growth with jobs," Srinivasan said
Move follows hectic lobbying by industry groups
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business
While there are tentative signs of recovery in certain areas of the shadow bank sector, a funding squeeze has kept borrowing costs high
Madan Sabnavis, chief economist at CARE Ratings, said the problem of low investments could be blamed on surplus capacity in the private sector
Reliance Industries chairman Mukesh Ambani, Tata group chairman emeritus Ratan Tata, Mahindra group chairman Anand Mahindra among others participated in two hour discussion