This year’s budget turned out to be in line with the government’s vision and policies so far. The announcements regarding the startups impacted it both directly and indirectly. Here are the top announcements concerning startups:
The time period of profit-linked deductions available to the startups has been increased to 7 years from the current 5 years. However, the tax breaks are still available on the profits made by startups for three years. Continue reading
The goods and services tax (GST) is important as it acts as a stimulant for the much needed economic growth. There is a lot of apprehension relating to the proposed GST regime and its effect on the Indian Economy.
Taxation both direct and indirect promotes economic growth as well as equitable distribution. GST transforms the existing basis of indirect taxation towards free flow of goods and services within the economy. The expectation from the GST is high. Continue reading
The Budget 2017 laid emphasis on the infrastructure sector as well. The last three budgets have made it clear that the government has finally realized the importance of focussing on the infrastructure sector as well.
This year the expectations regarding the infrastructure were high from budget 2017 and the expectations were met. Infrastructure mainly roads and railways remain at the forefront of the budget. A budget of Rs 3.96 lakh crore was allocated to the sector which is 10% over FY17 revised estimate. Continue reading
What is Corporate Governance?
The accountability of the board of directors to all stakeholders of the corporation is referred to as corporate governance. The board of directors works towards giving a corporation fair, efficient, and transparent administration.
Corporate Governance in India
The main objective of the corporate governance is to make sure that the administration of the organization acts in the interest of the organization and its stakeholders. To accomplish the objective, the Government of India has put a statuary framework in place. Continue reading
At the union budget 2017, Arun Jaitley, the Union Finance Minister highlighted the importance of tourism and hospitality sector as a major employment generator. The tourism industry had some takeaways but the long pending demands of conferring the industry status and reducing tax burden had no response.
The Federation of Associations in Indian Tourism & Hospitality (FAITH) had suggested the “Holiday in India”, however, it did not make it to the final list. The final list had the five new special tourism zones. The budget also announced the launch of “Incredible India- II” across the world. Continue reading