APN News

  • Thursday, September, 2023| Today's Market | Current Time: 10:40:14
  • Disappointments for IT industry, Budget Reaction from CFO, CSS Corp

      Mr. Veerasundar Veluswamy EVP & Chief Financial Officer CSS Corp. Negatives: No major incentives for  IT/ITES industry; Contrary to industry expectations, Minimum Alternate Tax (18.5% including surcharge & cess) still continues to apply for SEZ’s . Also there was no indication about  time lines for removal or reduction of MAT rates There is no […]

    Overall, this was a good budget and will stimulate growth

    The biggest announcement for the real estate sector was SEBI being directed to introduce REITs in India. We expect the entry of this much-awaited investment instrument to provide alternative funding channels to the realty sector. Going forward, it will also act as a key enabler for capital markets in the country, and provideinvestors with exit […]

    Mr. Ved Prakash Mahendru, Chairman and Managing Director, Eon Electric Limited

    “The Union Budget has introduced fiscal prudence and balanced it with growth triggers, revealing a strong intent on part of the Government to lead the country on a sustained growth path. Reducing fiscal deficit and controlling inflation were two measures which called for immediate attention to redress. This is exactly what the Government, which has […]

    Chemical Industry : Mr Nadir Godrej, Chairman, CII National Committee on Chemicals

    “CII National Committee on Chemicals welcomes the growth-oriented budget presented by Hon. Finance Minister Mr Arun Jaitley. The reduction in customs duty is welcomed as it helps address our demand for correcting the inverted duty structure and will also help boost domestic manufacturing. The budget also proposes to introduce a new urea policy, increase connectivity […]

    CII Bhopal organised live budget viewing session

    Confederation of Indian Industry (CII) has organised ‘Live Budget Viewing Session’ at Hotel K International, Bhopal here today. The event was chaired by Mr C P Sharma, Chairman CII Bhopal Zonal Council, he compliments the Finance Minister and said that budget has looked at critical issues like inflation, job creation and inclusive growth of common […]

    Prajapati hails FM for people friendly budget

    Mumbai  : Complimenting Union Finance Minister Arun Jaitley for presenting a very progressive, budget, leading Navi Mumbai-Raigad realty developer Mr. Rajesh Prajapati welcomed it for being a people friendly budget.“ This budget has shown the long term vision of the present Government.The announcement of Real Estate Investment Trusts – modified REITS, will reduce the pressure […]

    Emerson Network Power: Budget Quote

    Sunil Khanna, President and Managing Director, Emerson Network Power in India “Emerson Network Power believes that this has been a pro-industry budget and the proposal to develop 15000kms of new gas pipelines through PPP will spur growth. Additionally, allocation of funds to create solar power projects across states will help in alleviating the power crisis […]

    Mr. Vinay Jain (CMD, AVJ Group)

    “There are lots of positive things announced in the budget.  Special funds for banks to finance long term infrastructure projects are really positive.  FM increased the taxable income limit to 2.5 lakh from 2 lakh. 80 C limits increased to 1.5 lakh from Rs. 1 lakh. Interest exemption on housing loan increased from Rs1.5 lakh […]

    Subroto Das, Director – India & South Asia, WD

    “As expected, the current government has acknowledged the importance of technology and has demonstrated vigour to promote it for socio-economic growth. Earmarking Rs 500 crore for broadband connectivity in villages, exempting all inputs/components used for manufacturing personal computers from 4 percent special additional duty (SAD),  proposal to develop 100 smart cities, and more such pro-technology […]

    Ms. Vidya Bala, Head – Mutual Funds Research, FundsIndia.com

    Budget 2014-15 may not go down as the most impactful budget for your moola, although its wide reach in terms of macroeconomic and social development would all have an indirect impact for you. For now, let’s take a quick look at some of the direct tax proposals and their impact on your money and investments: […]