corporate-impact News

From Corporate Impact 2 years ago

Infrastructure spend to boost steel demand, move to preserve resource welcomed

With the announcement of increase in infrastructure spending in FY11-12 and rise in export duty on key steel raw materials, the Indian steel industry surely has a reason to cheer the current Budget.

From Corporate Impact 2 years ago

Retail sector disappointed with no mention of FDI

The Union Budget 2011-12 had nothing much to offer retailers in terms of liberalised FDI norms, or reduction in service tax on rentals. While this has disappointed most retailers, others expect the FM’s proposal for exemption of excise duty on cold storage infrastructure to impact the sector positively.

From Corporate Impact 2 years ago

Auto sector encouraged to drive the green road

To encourage the country’s automotive sector to move towards greener technologies, FM Pranab Mukherjee on Monday announced the setting up of a National Mission for Hybrid and Electric Vehicles to promote greener technologies after consultation with various stakeholders.

From Corporate Impact 2 years ago

Budget raises home loan limit, SEZs come under MAT of 18.5%

The Urban middle income housing consumers, who have been reeling under the pressure of spiraling prices, seem to have been left out of any meaningful benefit in the Budget 2011-12, industry players feel.

From Corporate Impact 2 years ago

High export duty hits mining cos

The Budget proposal to impose uniform 20% duty on shipments of iron ore is set to hit mining companies like Sesa Goa, Essel Mining and MSPL.

From Corporate Impact 2 years ago

Excise & customs duty sops fail to impress industry

The 280 MILLION tonne domestic cement industry feels the announcements made in the Union Budget will have negligible impact. The finance minister announced the replacement of excise with ad valorem duties, with reduction in customs duty on pet coke and gypsum to 2.5% from 5%.

From Corporate Impact 2 years ago

Double whammy for IT-BPO

The $76-billion Indian IT-BPO industry was slapped with a double whammy—minimum alternative tax on SEZs and withdrawal of tax exemption under Section 10A/10B.

From Corporate Impact 3 years ago

Proposal to form Nilekani panel will bring in transparency

For the IT sector—this is a welcome Budget, where the government has taken decisive steps by supporting policies like SEZ. Reduction in corporate surcharge from 10% to 7.5% will bring some respite to the industry however...

From Corporate Impact 3 years ago

STPI Non-extension, Mat hike break the code for techies

Non-Extension of the ten-year tax-holiday under the Software Technology Parks of India scheme proved to be a major disappointment for the $50-billion software services export sector.

From Corporate Impact 3 years ago

Breaking through the Sisyphean hurdle?

Finance Minister Pranab Mukherjee has attempted the breakthrough by creating the right balance between politics and economics.

From Corporate Impact 3 years ago

Host of measures will help power sector

India was one of the first countries to adopt counter-cyclical measures to combat the slowdown and this helped our economy emerge from the slowdown in the shortest possible time.

From Corporate Impact 3 years ago

Annual survey to map district health profiles

The FM’s concern for the aam aadmi’s health shines through in the Budget. The allocation for Ministry of Health & Family Welfare has risen from Rs 19,534 crore in 2009-10 to Rs 22,300 crore.

From Corporate Impact 3 years ago

Pharma sector gets booster dose for innovation

Through this Budget, the government has given a clear message to the pharma industry to take that next big leap towards becoming innovator companies by adding value to their predominantly generic manufacturing mould.

From Corporate Impact 3 years ago

Thrust on SEZs will create jobs

This Budget reminds me of a verse from Bhgavad Gita: “annad bhavanti bhutani” all living bodies subsist on foodgrain. To me Budget proposals prima facie seems to be designed for food security, to facilitate infrastructure growth and arrest inflation.

From Corporate Impact 3 years ago

There is no special emphasis on the healthcare sector

It is a good and balanced Budget but nowhere near what the healthcare industry was expecting. There is no special emphasis given on this sector.