FinMin pins hope on global pension funds to buy into India’s infra play
Global pension funds with $40 trillion of assets under management will now look at India’s infrastructure sector more favourably because of the elimination of dividend distribution tax (DDT), senior officials in the finance ministry said.
NCLT approves ArcelorMittal's Rs 2,360 cr bid for Odisha Slurry Pipeline
A two-member bench of the NCLT Cuttack gave a go ahead to the resolu...
Sitharaman takes dig at Chidambaram's doctor remarks
Taking a dig at Congress leader P Chidambaram, Finance Minister Nirmala Sitharaman on Tu...
Economy not in trouble; green shoots visible: FM Sitharaman
India is not in trouble and the economy is moving towards the $5 trillion goal, Sitharaman has insisted.
Dividend tax to hit Rs 1.1 lakh crore pipeline, fear InvITs, REITs
Investors and developers said they met officials in the FM to remove this double taxation.
Budget 2020: Sitharaman unveils new infra road map to lend a cutting edge to flagship NIP scheme
The main focus of the infra sector is on the Rs 1.03 lakh crore National Infra Pipeline scheme.
View: Bridging the urban infra deficit
There are already immense deficits in quality and quantity of basic urban facilities, causing traffic congestions, inadequate solid waste management facilities, drinking water scarcity, pollution, etc.
Nirmala Sitharaman says LIC IPO to benefit retail investors
Finance Minister Nirmala Sitharaman on Friday said the IPO of the state insurer LIC will bring retail investors into the picture and that the government would come up with steps to simplify the tax regimes.
View: Efficient implementation of steps crucial for growth
A good attempt is being made to draw foreign capital into infra: The budget makes a much-needed move to attract sovereign wealth funds into infrastructure by offering full tax exemption on interest, dividend and capital gains income for investments with a lock-in of three years. This would benefit the roads and highways sector.
View: It's a test match innings by FM to consolidate economy
FM has opted for a pragmatic approach that aims to weed out inefficiencies in the Indian economy when crafting the budget for FY21.
View: Boosting growth within fiscal consolidation framework
Total budgetary provision for the rural sector is poised to grow by 13.4% in FY21 after a significant jump of 34.8% in FY20.
ET View: Growth unlikely to revive in a hurry; budget couldn’t have changed this reality
Those looking for the budget to revive growth will be disappointed, although in reality there are no shortcuts.
Funding National Infra Pipeline would be a 'challenge': Economic Survey 2019-20
To achieve GDP of USD 5 trillion by 2024 – 2025, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become a constraint to the growth of Indian economy, the survey said.
View: National Infra Pipeline does not have a credible financing strategy
The NIP document is thin on the strategy, barring one page on the Central contribution to the same
View: Structural reforms boost growth
Over the next week, markets will likely obsess about the minutiae of fiscal and monetary policy. Reams will be written about the implications for growth and financial conditions from the fiscal deficit expanding or declining this year and next.
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