'Restriction on poll-funding is laudable', ace Supreme Court lawyer
Sairaj Iyer Legendary tax-lawyer Dinesh Vyas believes that cash-capping of political donations at Rs. 2000 will help in bringing better transparency and control corruption. Vyas a Senior Advocate at Supreme Court, was speaking at a post-budget analysis organised by the Indian Merchants Chamber at Mumbai. “Political parties will have to maintain accounts, file returns, in addition to these restrictions and controls,” he said. He believed that the scheme is also innovative as it involves issuance of electoral bonds which would further help retain the secrecy of donors. “Donors like business houses do not want their names to be revealed, which was hindering the process of transparency. Now with the announcement of issuance of electoral bonds controlled by RBI, subscribed either by cheque ...
US industry bodies applaud fiscally balanced Indian Budget
The Dollar Business Bureau “I am in complete agreement with Finance Minister Arun Jaitley: When you look around the world today and witness all the retrenchment and chaos underway from Russia to China to Brazil, India stands out as a beacon of stability and predictability,” said Ron Somers, founder and CEO of India First Group. In its appraisal of Union Budget 2017, The US-India Business Council (USIBC) applauds Finance Minister Arun Jaitley for presenting a 'forward looking' budget. Mukesh Aghi, President, USIBC, said that the FM has, despite a challenging global environment, done an admirable job in announcing propelling measures for domestic economy and supporting foreign investors. Ameliorating recessionary impact of demonetisation, investing in skilling Indian youth, and enhancing ease of doing business, without compromising on a strong fiscal deficit target is a great feat achieved by ...
Budget 2017-18: Govt proposes incentive schemes for electronics sector
The Dollar Business Bureau The Government of India on Wednesday announced several measures for country’s electronics sector including a ‘record allocation’ of Rs.745 crore for incentive schemes such as EDF and M-SIPS and exemption of duty on POS machines, but the measures fell short of the expectations of enthusing local manufacturers. M-SIPS (Modified Special Incentive Package Scheme) offers subsidy on capital expenditure – 20% for investing in special economic zones (SEZs) and 25% in non-SEZs.While presenting the Budget 2017-18, Finance Minister Arun Jaitley said that a large number of world leaders and mobile makers have set up manufacturing facilities in the country. “I have therefore exponentially increased the allocation and incentives of schemes like M-SIPS and EDF (Electronic Development Fund) to Rs.745 crore in 2017-18, this is an ...
Union Budget 2016: Pulse(s) of the matter
The Union Budget 2016 announced on Monday had a renewed focus on the agricultural sector with increased funding to pulse production, crop insurance, irrigation schemes and e-market for farm produce Shivani Vig | The Dollar Business The Union Budget 2016 announced on Monday had a renewed focus on the agricultural sector with increased funding to pulse production, crop insurance, irrigation schemes and e-market for farm produce. Among the major budget announcements giving major push for agriculture was allocation of Rs 500 crore for enhancement of pulse production to cover 622 districts under the National Food Security Mission. Union Finance Minister Arun Jaitley also made the announcement of the government approving creation of buffer stock of pulses through procurement at Minimum Support Price (MSP) and ...
