Real estate developers' apex bodies CREDAI and Naredco have also expressed disappointment over the Budget as their demand of one-time restructuring of builders' loan was not met
Finance minister clarified that only Indian income of NRIs is proposed to be taxed under the new provision
Knight Frank's Baijal said unless demand picks up across all price segments, there won't be any real recovery in real estate
Disillusioned corporates feel measures are unlikely to spur consumption
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
Experts further said that e-commerce companies already deduct 1 per cent TDS under the Goods and Services Act
As nearly 30-40% of premium inflow draws support from tax incentives, private insurers stare at weak earnings growth in FY21
Slowdown in economic growth has taken a clear toll on revenue growth
The tax proposals are aimed at stimulating growth, simplifying tax structure, bringing ease of compliance and reducing litigation
This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year
In the highways sector, the debt of the National Highways Authority of India has weighed down on the projections for next year
Experts see the Budget announcement positive for investments both in InvITs and the toll-operate-transfer mode (TOT)
This includes loans from NSSF at Rs 1.36 trillion
Finance minister had announced hiking the deposit insurance limit to Rs 5 lakh for each bank depositor
Despite tight fiscal conditions, the budget makes room for higher capex
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income
The Union Budget had proposed on Saturday that NRIs have to pay up taxes on global earnings, if they're not paying in any other jurisdiction or country, generating much debate
Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"
Expectations remain high but fiscal constraints could lead to the emergence of implementation challenges in many of the schemes during the year