Demand For New Government Maiden Budget And Improve...

Expectations to the New Government A to Z *Dr.A.Jayakumar **K.Sumathi Abstract This paper discus on expectation for new government maiden budget and improve governance and fiscal consolidation. This study examine that the current status of the economic development in India. The sector plays a vital role in economic development of the country. It attempts to outline the expectation to the sectors. This paper focus on present budget position and company’s impact are analyzed. Authors suggest that establishment of the sector in India. *Professor of Commerce, Periyar University, Salem -11 **Ph.D Research Scholar, Department of Commerce,Periyar University, Salem-11,email: sumathia148@gmail.com Expectations to the New†¦show more content†¦The new Expectations are high and the government will present an adjustment to the former government s budget implement its own strategy. If the government announces any definite measures which would either lead to broadening of the tax base or increase in tax compliance, a modest increase in revenue cannot be rule out. However, development in tax buoyancy could only result from bringing about structural changes in the tax structure such as implementation of GST and DTC. We also expect the government to take a strong stance on some of the impending tax-related disputes relating to retrospective changes to tax laws, transfer pricing laws and General Anti-Avoidance Rules (GAAR). We would also expect the government to give a clear outline of its intentions on disinvestment which would also help in assessing the resources available for its expenditure. At the rate of 15% investment allowances to the manufacturing companies. New plant investment excess rate of Rs.0.25billion in any year and machinery upto 2016-17 is expected to provide manufacturing companies. Table No: 1 Market expectations Fical Defict Target 4.1% GDP February 2014 Retained Budget 2014-15 Net Revenue Growth 20% 2014-15 Provisional Data for 2013-201 Mild Improvement in Economic Growth 5.0-5.5% 2014-15from the Sub 5% levels in 2012 - 14 The new government