RBI's Monetary Policy

Ranen Banerjee, Partner and Leader, Public Finance & Economics, PwC India

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There was no other way to go but maintain status quo in the monetary policy announcement made by RBI. The inflationary pressures are weighing on growth with RBI’s inflation-targeting policy mandate. But, the perplexing situation on prices is the huge gap between wholesale and retail inflation which indicates that the price changes at the level of inputs are not getting reflected in the prices of final consumable products.

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Indian real estate sector remains attractive for the world

Abhishek Goenka, Partner, PwC India

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Liberalisation of the Indian FDI policy in the real estate (RE) sector has increased the momentum of foreign investment and reinforced investor confidence in India.

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GST Bill passed by the Parliament

Our indirect tax experts share their views on the historic tax reform

Blogpost by Pratik Jain

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It's time to roll back the tax on buy back of shares

Suresh Swamy, Partner, Tax, PwC India

Suresh Swamy-Tax-blog

Dividend and buy-back of shares have been commonly used by companies to pay distributable reserves to their shareholders. While payment of dividend is subject to dividend distribution tax (DDT) payable by the company paying the dividend, buy-back of shares is chargeable to tax as capital gains (CG) in the hands of the shareholder.

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India: A potential global Fintech hub

Manoj Kashyap, Global Fintech Leader, PwC US

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During my week-long visit to India I was pleased to witness an industry that is buzzing with FinTech activity. My discussions and one-on-one meetings with various traditional FS firms, FinTech startups, investors and regulators that were organised by PwC India FinTech team and the breakfast session on FinTech - attended by 20+ FS industry leaders - revealed that the industry is bullish specially towards payments, lending, customer experience, personal finance and blockchain which is in-line with our Global FinTech Survey 2016 findings.

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India gears up for the 4th Industrial Revolution

Sudipta Ghosh, Leader, Data and Analytics, PwC India

‘Industry 4.0’ stands for the fourth industrial revolution. It focusses on the end-to-end digitisation of all physical assets and their integration into digital ecosystems with value chain partners. It has been used to describe the journey industrial companies are taking towards a complete value chain transformation.

Across the globe, industrial products majors are investing in digital technologies to either get closer to their customers or drive operational efficiencies. This trend is also very visible in India.

According to the PwC’s Industry 4.0: Building a digital enterprise report, more than a quarter (27%) of the Indian industrial companies in this survey have rated their level of digitisation as high, and this value is expected to rise to 65% within the next five years. Globally, this number is expected to grow from 33% to 72% during this period.

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Impact of the 7th Pay Commission

Ranen Banerjee, Leader, Public Finance and Economics, PwC India

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The Union Cabinet recently cleared the 7th Pay Commission. This is going to have a positive effect on consumption as well as savings and consequently on growth. A part of the payout comes back to the government by way of taxes that will also partially help in meeting the funding requirement.

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100% FDI in Defence and Aviation sector

Dhiraj Mathur, Partner, Aerospace and Defence, PwC India

PwC-FDI-Decode-blog

Government has liberalised the FDI regime in India and has announced 100% FDI in Defence and Aviation.

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Budget 2016: Not enough to start-up the Startup India mission

Abhishek Goenka, Partner, Tax & Regulatory

PwC-Start-up-India Blog

There was much anticipation from Budget 2016 on what it would bring for the vibrant start-up community in India. After the huge fanfare surrounding the release of the Startup India Action Plan, it was expected that the budget would have all the details on how these early stage companies could get some relief.

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Budget 2016: Income Declaration Scheme – too good to be true?

Abhishek Goenka, Partner, Tax & Regulatory

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If there was one proposal that I was least expecting in the recent Union Budget, it was another amnesty scheme. We often lament that it is the anticipation of these schemes and the predictable frequency in which they are announced–whether for black money overseas, or for service tax–that actually encourage the parallel economy. This scheme provides that any taxpayer can declare undisclosed income and pay tax at the rate of 30% on the declared income, surcharge at the rate of 25% of taxable income and penalty at the rate of 25% of taxable income. This translates to an effective tax rate of 45% without any reference to the period of default.

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The opinions expressed in the blogs are personal.