Budget – 2014-15 – Focus on Efficiency & Execution

Budget – 2014-15 – Focus on Efficiency & Execution

NDA- II Budget FY2015

Budget FY2015 highlighted the new government’s rational approach towards policies for taxation, government spending and growth.  Now the focus is back to Infrastructure, housing and finance sectors were among the biggest winners.

Most importantly, to us is the Fiscal prudence was maintained, sticking to a 4.1% fiscal deficit target. While the tax revenue assumptions may still be a bit on the optimistic side, but a key area where the budget math differed from the vote on account was in its assumption of higher non-tax receipts.

Few highlights –

Among other key positives, foreign direct investment (FDI) limit in defense equipment and insurance sectors has been increased to 49%.

1)      Focus back to GST

2)      Small change in direct tax

3)      Tax holiday extended in power sector

4)      Adverse Impact on debt Mutual Fund & FMP

5)      Focus on REIT- Big positive for cash-crunched real estate

 

Read these two report (better to use in Google chrome)

 

MOTILAL OSWAL BUDGET REVIEW -2014 HDFC SECURITIES BUDGET REVIEW 2014-15

HDFC SECURITIES BUDGET REVIEW 2014-15

 

 

 

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3 Comments to Budget – 2014-15 – Focus on Efficiency & Execution

  1. […] Budget – 2014-15 – Focus on Efficiency & Execution NDA- II Budget FY2015 Budget FY2015 highlighted the new government’s rational approach towards policies for taxation, government spending and growth. Now the focus is back to Infrastructure, housing and finance sectors were amongst the  […]

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