A top policy maker in the NDA government told The Indian Express that the surcharge will have the “most deleterious” impact on investments in the country and push out unicorns and discourage the inflow of high quality human capital that India was just beginning to attract.
Seven per cent growth will be totally insufficient to create wealth or enhance welfare. Seven per cent growth will not generate the millions of jobs that are required. Seven per cent growth will not raise the per capita income of the lowest deciles (the bottom 20 per cent) of the population.
Hyundai Kona SUV launched: S S Kim, MD and CEO, Hyundai India Limited, told The Indian Express that while the car will contribute in setting some electric vehicle culture in Indian market, lack of infrastructure is the biggest challenge.
Describing the Budget proposals unveiled by India's first full-time woman finance minister Nirmala Sitharaman as "unconventional", Kumar said it has covered a very wide canvas in a bid to lay down the roadmap for the next 10 years.
Unemployment being one of the biggest challenges of the government, the new education policy is looked at with high hopes. While the budget is not disappointing, a lot more could have been done to improve Gross Enrollment Ratio in higher education.
Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.
Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that she hopes that India won't raise customs duties in the Vote on Account on February 1 since it would mean taking a more protectionist stance.
Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.
Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.