Expert Zone

Straight from the Specialists

Budget 2012: Need for innovative incentives

Photo

(The views expressed in this column are the author’s own and do not represent those of Reuters)

Every year as winter gives way to spring, a nation of over a billion wakes up to different expectations on Budget day.

The salaried listen in to the finance minister’s speech looking for tax sops on housing loans and higher tax exemption limits.

The corporate sector would read the fine print on excise duty harmonisation, any changes in depreciation rates, dividend distribution tax changes and service tax items.

India Inc hopes for action on GST

Photo

(The views expressed in this column are the author’s own and do not represent those of Reuters)

India Inc has time and again expressed its desire for early implementation of Goods and Service Tax (GST). While implementing GST may take at least a year, the 2012 budget will clearly indicate the Centre’s seriousness in implementing GST.

Keeping fingers crossed in the run-up to Budget 2012

Photo

(The views expressed in this column are the author’s own and do not represent those of Reuters)

It’s interesting that in India, the run-up to the annual Budget means individuals, companies and industry associations keep their fingers crossed in the hope their annual budgets don’t get affected by the announcements of the Finance Minister.

Union Budget 2012: Need for a concrete plan

Photo

(The views expressed in this column are the author’s own and do not represent those of Reuters)

Like every budget since the subprime crisis of 2008, the one on March 16 will see the Finance Minister walking a tightrope between fiscal consolidation and growth. The only difference being — this time the government is really constrained to provide a fiscal boost to consumption.

Budget 2012: Common man’s expectations

Photo

(The views expressed in this column are the author’s own and do not represent those of Reuters)

The weeks before the Union budget are days of wishful thinking for the common man. It is always the expectation that the threshold and tax exemption limits will be increased. This year is no exception, and the common man would definitely be happy if his wishes are met.

Budget 2012-13: Expectations and exigencies

Photo

(The views expressed in this column are the author’s own and do not represent those of Reuters)

The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased.

Budget 2011: Good news for mutual fund industry?

An employee counts rupees at a cash counter inside a bank in Mumbai June 21, 2010. REUTERS/Rupak de Chowdhuri/Files(The views expressed in this column are the author’s own own and do not represent those of either Principal Pnb or Reuters)

When it comes to the mutual fund industry, the 2011-12 budget has good news and not so bad news.

Budget 2011: Between a rock and a hard place

(The views expressed in this column are the author’s own and do not represent those of Reuters)

The Union Budget will be introduced at the end of February and market expectations are quite high. There is a conundrum for the government this year: it needs to provide near-term income support for the poor without compromising medium-term fiscal consolidation, in order to maintain its power while pursuing efforts to tame inflation.

Budget 2011: Need to focus on fiscal reform

(The views expressed in this column are the author’s own and do not represent those of either Principal Pnb or Reuters)

Let’s begin with what could be seen as the most crucial drivers of our economic fortunes in fiscal 2012 and topping the list by far is inflation, followed by the combination of fiscal and current account deficits and finally the need to maintain the pace of growth.

Pressures on the 2011 Budget

(The views expressed in this column are the author’s own and do not represent those of Reuters)

Finance Minister Pranab Mukherjee in New Delhi January 19, 2011. REUTERS/B Mathur/FilesThe economy is under some stress. Inflation has relapsed and interest rates have jumped. Industrial growth has plunged but exports have been performing well. Parliament is paralysed. That puts the 2011 budget under pressure.

  • Editors & Key Contributors