Experts share their view on the Budget

buy canada goose jacket cheap It is surprising to see that there is no direct focus being given to the IT industry in the budget this year. buy canada goose jacket cheap

World over, this decade is defined as a decade of information technology driven inclusive growth and the lack of focus on IT in the budget would not do any good to the already deteriorating image of India as an investment destination.

Having canada goose outlet nyc said this, there are lots of indirect opportunities that will arise as the government lay specific focus on areas such as skill development, micro finance banks, national land bank, custom duty relaxation on mobile phone parts, etc.

canada goose Companies who can focus on these priority segments from an IT standpoint are poised canada goose outlet paypal to benefit from the large scale that India offers. canada goose

Telecom, manufacturing and infrastructure are the key verticals to focus on. Flexibility on VC investments, opening up of Adhar platform, etc. would also provide ample opportunities to tech focused startups, says Praveen Bhadada, Director, Market Expansion, Zinnov.

canada goose clearance Overall, there is no announcement in terms of direct initiative for the Indian Shipping industry in the Budget. canada goose clearance

canada goose coats on sale The customs duty on ships, which was introduced in canada goose outlet the Budget last year, has canada goose outlet authentic now been notified to canada goose outlet orlando be withdrawn with retrospective effect. This was however implemented soon after the last year’s budget itself. canada goose coats on sale

There are positive opportunities that could arise for canada goose outlet houston the Indian shipping industry from canada goose outlet online the various initiatives announced for the power, steel https://www.canadagoosepark.com and ports sectors. These initiatives will help the specific sectors in their ongoing projects and growth plans.

These sectors being substantial users of Indian shipping services, the support canada goose outlet edmonton provided to them over the next two/three year period would have a positive impact for shipping companies.

buy canada goose jacket The amendments in service tax, including Negative List and Exempted List, together with the finalisation of Place of Supply Rules, will need to be studied in detail for any positive impacts on availment of Cenvat for the Shipping industry, says AR Ramakrishnan, MD, Essar Shipping. buy canada goose jacket

This budget was as per expectations which were low. No bold economic announcements were made which is the need of the hour. However the budget did have some positives including:

i) External commercial borrowing for low cost housing projects besides road construction and power.

ii) Extension of interest subvention scheme for low cost housing

Canada Goose online iii) Investment of up to Rs 50 lakh crore in the 12th five year plan, with half of this from private sector for Infrastructure development Canada Goose online

iv) Service tax exemption on low cost mass housing up to an area of 60 square metre

cheap Canada Goose v) Increasing the limit of tax free bonds for financing of infrastructure projects from Rs 30,000 crores to Rs 60,000 crore in 2012 13 cheap Canada Goose

vi) One year extension of sun set clause on tax incentives for infrastructure projects under 80 IA

vii) Rs 1,000 crore allocated for national skill development fund for 2012 13

viii) Full exemption from import duty on certain categories of specified equipment needed for road construction, tunnel boring machines and parts of their assembly

ix) Allocation of Rs 5,000 crore exclusively for creating warehousing facilities under RIDF

However the following were not considered:

i) Increasing the tax exemption limit on home loan interest

Canada Goose Outlet ii) Tax reforms for SEZ’s Canada Goose Outlet

iii) FDI in retail as well as further FDI reforms in real estate

Canada Goose sale iv) Industry status for townships, mass housing projects, industrial parks, etc. Overall the budget was a balancing act when bold steps were required. Reforms in the insurance sector, banking, retail and manufacturing, besides clear implementation structure for Direct Tax code, are required urgently. Canada Goose sale

I hope post budget the Government focuses on timely implementation of infrastructure projects and various other schemes announced in the budget and more importantly announce major economic reforms required to stimulate the economy for a higher growth, Anshuman Magazine, Chairman and Managing Director, CBRE South Asia Pvt.

The Union Budget for fiscal 2013 is a pragmatic exercise aimed at growth and stability in the backdrop of the challenging year gone by and the broad consensus needed for various policy measures. It goes further to set a direction for fiscal consolidation to ensure long term stability and sustainability.

Fiscal 2012 has been a challenging year for the Indian economy. Both global and domestic factors resulted in a canada goose outlet michigan moderation of economic activity, led to persistent inflationary pressures and contributed to deterioration in the current account and fiscal position.

The Union Budget for fiscal 2013 has to be seen in the context of these developments. The Union Budget seeks to address the imperative of fiscal consolidation. In this context, the intention to contain subsidies at 2.0 per centof GDP next year and 1.75 per centof GDP within three years is canada goose victoria parka outlet laudable.