Expectation from General Budget Budget 2015-16
· Simplification
of rules for
Investments by non-resident Indian (NRI) from US in
Indian Mutual Fund schemes
· Make Indian
equity market accessible to overseas market participants like in other Asian
countries.
· Separate
regulator for Mutual fund to focus on the growth and penetration of Mutual
Fund.
· Systematic Investment Plan (SIP) in equity exchange-traded
fund (ETF) and Index related funds should
be made eligible investments under section 80 CC and the exclusive limit should
be given up to Rs. 50000
· Some allowance
should be given to 'Asset
Management Companies (AMCs) for opening offices in tier2 and tier 3 cities to promote
MF business in these areas.
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| Photo ET Advt |
· Focus on Reforms
like road map for implementing Goods and Service Tax (GST) which will give higher revenue
to both centre and state.
· Subsidies will
reduce by will reduce due to nil under recovery by Oil companies in respect of
petrol and diesel
· Additional
revenue of Rs. 50,000 cr by way of increase excise duty on petrol and diesel
done during current year.
· Custom duty on
crude oil of 5% may be restored back in the current budget which will give
addition revenue.
· Access on direct
tax and services tax may be levied to generate revenue for Clean India
Campaign.
· Some measures towards consolidation of Banks
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