Meghalaya: BJP likely to declare list of candidates after Union Budget

Speaking to reporters ahead of the Budget Session of Parliament, Modi said, "Our objective should be to reach out to the Dalits, oppressed, underprivileged and to those who did not have any access to these benefits". From farmers to students to salaried class to India Inc, all are keeping their fingers crossed.

"To facilitate cross-border trade and investment without the barrier of double taxation, the Governments of India and the United States should reaffirm the shared commitment to improving tax dispute resolution". It is speculated that govt may come up with a grand plan in this sector. The budget proposals are also expected to focus on addressing tax provisions that impact flagship programs of the government, such as "angel tax" that impacts Start-Up India, and MAT on debt restructuring that worries the working of the Insolvency and Bankruptcy Code.

BOOSTING INFRASTRUCTURE: Infrastructure has also got boost by Modi govt.

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Players in the Fast Moving Consumer Goods sector expect the government to make labour markets more attractive and resume stalled infrastructure projects to create more jobs across sectors. Industry friendly moves like the simplification of Customs procedures and relief in GST rates are among our key expectations. The global market is seeing India with a positive eye. This would certainly have a bearing on overall project costs since developers would be able to raise funds at lower rates and cut down on capital costs, eventually bringing solidity to the realty segment and turning GOI's dream of "Housing for All by 2022" a reality soon.

"We expect finance minister to recognise real estate as an industry in the upcoming budget since it stands as a major contributor in economical growth of the country by providing employment to millions and supporting various ancillary industries".

India imports 80 per cent of its energy requirements, and the government may need to respond to higher crude prices like it did in October, by cutting fuel duties. Collectively, in the last financial year the government raised Rs 52,500 crore in this financial year through myriad divestment avenues, including listing of insurance PSUs and the CPSE and Bharat 22 ETFs.

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"USIBC members believe that unless resolved, the lack of clarity in the government's approach to taxation risk will undermine progress in other areas of the economy and will continue to damage India's reputation among investors", said the memorandum running into 39 pages.

In a break from tradition, finance minister Arun Jaitley is likely to deliver his Budget speech in Hindi.

"We may see policies aimed at eliminating supply side barriers to in agricultural markets while also trying to increase the efficiency with which markets function".

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