“The Union Budget 2015-16 aims to reduce litigation on tax matters through various measures like introducing Dispute Resolution Bill, raising the threshold limit for the applicability of domestic transfer pricing laws and defining the word ‘substantial’ in the case of indirect transfers. Also, the Budget has other progressive[…]
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Thrust on Infrastructure to Fire up the Indian Economy, says Mr. Yashwant Sinha “The Union Budget 2015-16 is expected to create virtuous cycle as its thrust on infrastructure investment would spur private sector capital formation and consumption in the overall economy. The recessionary trend in the Japanese,[…]
Read MoreBudget to Accelerate Growth, says Mr. Kalantri The Union Budget 2015-16 presented by the Union Finance Minister, Mr. Arun Jaitley has provided the much-needed thrust to infrastructure to accelerate economic growth through the proposed National Investment Infrastructure Fund and a tax free infrastructure bond. The Budget also[…]
Read MoreThe Railway Budget presented by the Union Minister of Railways, Mr. Suresh Prabhu is far-sighted and aims towards long-term futurist reforms necessary to remodel the Indian Railways. The budget announcements focuses on the development of railway tracks, increase in freight capacity and plans to allocate Rs. 8.5 Lakh[…]
Read MoreWe understand that the Government is proposing to increase the existing General Sales Tax (GST) to 27%. The AIAI is of the opinion that the General Sales Tax should not be more than 15% to start with. Mr. Vijay Kalantri, President, All India Association of Industries (AIAI) hopes that[…]
Read MoreWe understand that there is a proposal by the Government to increase the Service Tax rates. The AIAI is of the opinion that if increased, it will have a cascading effect on the inflation. We hope the Government will not increase the Service Tax rate as Industry and[…]
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India has moved with a great sense of priority and speed to turn India’s “Look East Policy” into an “Act East Policy”. ASEAN is at the core of India’s Act East Policy and at the centre of our dream of an Asian century. These observations were made by[…]
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Addressing the session on “Smart Cities and Sustainable Development”, Mr. Nilesh Purey , vice President, ICT, Gujarat International Finance Tec-City Co. Ltd ( GIFT) spoke about GIFT which is being implemented as a globally benchmarked International Financial Service Centre. GIFT is a classic example of a public private[…]
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“The exciting times that we are living in are transformational in nature for India. We can all perform wonderfully well under the present government which is focused in its goals to provide meaningful and inclusive growth. This can be achieved when the 22 percent of the population that[…]
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“Food Safety Standards Act 2006 has undergone a change since its enforcement on August 5, 2011 with a shift from ‘adulteration’ to ‘safety’. The Act has an educative approach with friendly legislation. It has a penalty system for contamination and substandard foods. Unsafe foods would face prosecution. Food[…]
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