Новости за 02.02.2020

Realisation that tax performance has been poor for last three years has made the government go for very modest increase of only 8.64% for FY21.

A task force will review the minimum age of marriage for women, study its implications on maternal health and submit its recommendations within six months.

The budget has addressed some aspects with the five-year tax holiday for Esops but has left room for more. The ecosystem can benefit from single window clearances as well as further impetus to ease of doing business.

The Narendra Modi govt has attempted a balancing act between its core support base of middle class and the business community while reaching out to farmers, Dalits, tribals and women, the segments it has been wooing to expand its political footprint.

The budget removes structural bottlenecks, which were hampering investments in the economy and takes steps to boost private investments

Startups have long demanded that tax on Esops must be levied only at the time of sale and not at the time of vesting, as valuation of new ventures remains volatile even as opportunities to sell are rare.

The govt has also extended the deadline for first time homebuyers' to avail additional Rs 1.5 lakh interest deduction on home loans by a year till 31 March 2021.

This year's budget was primarily focused towards rationalising the tax burden of middle income taxpayers.

The Finance Minister's budget speech was an unusual instance of her saving the proverbial best (or at least the most critical from an economist’s perspective) for the middle instead of the last.

Experts said share of J&K in vertical devolution is 0.85% but panel adjusted it to1%. This will result in a minuscule gain to Centre.

On Saturday, the government-mandated online marketplaces, which includes companies like Flipkart, Amazon, Uber and UrbanClap, to deduct 1% tax at source while crediting payments to vendors on their platforms. This charge will be applicable from April 1.

Officials were hopeful of meeting the new target of Rs 2.1 lakh crore in the next financial year, which is double that of the current fiscal year, despite disinvestment proceeds for the current year languishing at Rs 18,094 crore.

Modi says budget will bring pace to the economy, strengthen every citizen financially and solidify foundation of economy.

A special fund for the sector primarily focused on mobile phones and high-value addition components will create the necessary momentum to build the $190 billion mobile phone industry with exports of $110 billion as envisaged in the National Policy on Electronics 2019, said Pankaj Mohindroo, chairman of the ICEA.

A trade deal pegged above $10 billion (more than Rs 70,000 cr) has been slated to be finalised when US Trade Representative Robert Lighthizer visits Delhi.

This will promote and safeguard patents at a time when protecting IPR has assumed global significance, as it had become one of the major talk points in the ongoing US-China trade negotiations.

The budget had no big fiscal stimulus, several protectionist duties, and few steps to revive a slowing economy.

CEO of Greyhound Research says that it is the right time for quantum investment as companies like IBM and Google are going to be investing a tonne of money and infrastructure assets towards Asia, in countries like Japan and Singapore.