The current financial year has been a roller-coaster ride for the automotive industry.
The allocation for children in this year’s Finance Bill remains stagnant, with a dismal 3.32% of the total Budget being allocated to them—a trend that has sadly remained unchanged in the last few years.
The fundamental value proposition of equity, access and excellence on which education policy rests could be realised through budgetary allocations, he says
The Budget is short on specific initiatives aimed at directly enabling job creation
Along with the really sector, homebuyers too had big expectations from the Union Budget 2017 as they believed that their dream homes were still beyond their reach and even tax incentives on home loans were inadequate.
The proposed reduction in the general corporate tax rate to 25% from 30% hinges on expansion of personal income tax payer base to protect revenues, a top government official has said.
While finance minister Arun Jaitley duly recognised the contribution of the salaried class to tax revenues in his Budget speech, he did not do much to meet their expectations.
Softer lending rates are expected as the Budget will help banks cut rates by 50-75 bps by September to offset the impact of demonetisation in the second half of the current year, says a report.
Finance Minister Arun Jaitley presented the Union Budget on February 2, and a lot of focus went to Digital India and Make in India. With an aim to further the push for local manufacturing, the finance minister introduced a Special Additional Duty (SAD) on the import of PCBs.
We take a look at 5 charts that explain how your tax outgo will change post Narendra Modi government’s Union Budget 2017:
The finance minister has used the positive macroeconomic profile of the country to his advantage while striking the balance between expanding the spend on focus areas and garnering the requisite resource base.
FM has achieved this by tightening his purse strings; total expenditure for next year is `21.47 lakh crore, an increase of 6.57%
While the government should have attempted bolder reforms in the area of direct taxes and tried to improve compliance, it has instead created room for some arbitrage by lowering the income tax for the slab between R2.5 lakh and R5 lakh to 5% from 10%.
The real issue is not the fiscal slippage target but whether the government’s expenditure patterns are really addressing the need and the funds are utilised with right strategy.
Following the announcement of Union Budget 2017-18, we appreciate the government’s efforts to bring more emphasis on greater formalisation and efforts on digitisation of the economy.
Though some measures could encourage compliance, Budget 2017 does nothing to change the fact that the top rate kicks in early
Even our reactionary bureaucracy cannot halt the power of an idea whose time has arrived
With political funding being a preferred channel to launder black money in the country, finance minister Arun Jaitley announced a R2,000 cap on donations where the source need not be disclosed—well below the current R20,000 one—in his Budget speech in Parliament on Wednesday. The finance minister stated that the situation had “only marginally improved” since […]
Ever since this government assumed power, it has been focusing on themes such as inclusive growth for all sections of society, skill building to develop long-term capability and the ‘Make in India’ programme to promote manufacturing competitiveness.
Capital and development works, cleanliness, finance and accounting reforms the other main concerns for the railways
In an effort to revive private sector participation in Metro projects in India, finance minister Arun Jaitley has proposed a new Metro Rail Policy and bringing in a new Metro Rail Act to focus on innovative models of implementation and financing of metro projects.
How would Indian Railways generate funds for the proposed RRSK? They would need to take the same route as the last NDA government — a safety surcharge on passengers.
In his fourth Budget after the National Democratic Alliance came to power in May 2014, finance minister Arun Jaitley is attempting to cleanse the 70-year-old opaque political funding system.
The Union Budget 2017-18 assumed more importance than a conventional Budget because of the extraordinary environment in which it was being presented.
The Budget has allocated R3,96 lakh crore to the infrastructure sector as a whole to spur economic activity and create more job opportunities.
T his Year’s union Budget has struck a fine balance between fiscal prudence and providing growth boosters to the economy.
Stocks rallied smartly on Wednesday after the government clarified that categories I & II foreign portfolio investors (FPIs) would continue to be exempted from indirect transfer provisions.