Budget 2018: Rail stocks today fell by up to 5 per cent after the Budget announcement for the sector failed to enthuse investor sentiment. Shares of Stone India fell 4.98 per cent, Titagarh Wagons 4.63 per cent, Kernex Microsystems India 4.60 per cent and Container Corporation of India 0.57 per cent on BSE.
For financial year 2018-19, operating ratio is estimated at 92.8% as against 96% in year 2017-18. There are high hopes on freight earnings with estimated increase of 51 MT in 2018-19. The financial year of 2017-18 has witnessed a reversal of the tendency of low growth in freight loading over the previous 2 years.
Railway Budget 2018: In the Union Budget 2018-19, Railways witnessed a modest increase in allocation compared to previous year’s allocation in the sector. Rs 1.48 lakh crore is allocated this years compared to 1.3 lakh crore allocated during previous year’s budget, implying a modest increase of approximately 13.8% over the last year.
Union Budget 2018: Civil aviation ministry will receive an increased budgetary allocation of Rs 6,602.86 crore in the next financial year, with a significant chunk kept aside for purchase of “two new aircraft” to be used for VVIP flights. The allocation is nearly three times higher than the amount of Rs 2,710.31 crore allocated to the ministry for this fiscal.
Budget 2018: The budgetary allocation for the corporate affairs ministry has been increased by little over 8 per cent to Rs 564.15 crore for the next fiscal. For 2017-18 period, the allocation was at Rs 520.84 crore. According to a document of the Budget for 2018-19, the allocation has been significantly hiked.
Union Budget 2018: With a keen eye on the 2019 Lok Sabha, Finance Minister Arun Jaitley presented the much-awaited budget 2018 earlier today in the Lok Sabha. Speaking on the same are the hot-shot of real estate sector, check out the reaction.
Budget 2018: Congress president Rahul Gandhi on Thursday slammed Narendra Modi government, claiming the latter has not been able to meet people’s expectations. Tweeting hours after Arun Jaitley presented Budget 2018, Gandhi said the government is still making promises and failed to bring jobs for youths.
Budget 2018: Industry leaders today welcomed the budget 2018-19 saying that it addressed key aspects of the economy such as agriculture distress, rural infrastructure, science, technology, health care and impetus to Micro, Small and Medium Enterprises.
Budget 2018: The annual budget attempts to juggle the competing interests of various people to maximize political, fiscal and economic capital. The Budget 2018 made some interesting changes to financial regulations. First, the reintroduction of capital gains tax in Budget 2018 was negative for capital formation in the public markets.
Budget 2018: Finance Minister Arun Jaitley tabled the budget 2018 in Parliament on Thursday. The budget held immense importance as it was the first budget after the introduction of goods and services tax (GST) and is timed just ahead of the union elections to be held in 2019.
Budget 2018: The Union government today proposed in the Union Budget to increase the outlay for AYUSH Ministry by more than 13 per cent to Rs 1,626.37 crore. The allocation to the ministry in the previous Budget was nearly Rs 1,429 crore. The total expenditure on central sector schemes and projects carried out by the ministry has been estimated at Rs 71.36 crore.
Budget 2018: Finance Minister Arun Jaitley in his Budget speech today proposed to increase the cess on personal income tax and corporation tax to 4% from the existing 3%. The move may help the government take care of the healthcare and education needs of BPL and rural families.
Budget 2018: The capital outlay of Rs 99,563.86 crore for military modernisation and procurement of new weapon systems is insufficient when compared to the Rs 26.84 lakh crore that the armed forces had sought over a period of five years under this head.
Rail Budget 2018: Budget 2018 was presented today. Railway budget was also presented today by Finance Minister Arun Jaitley in Parliament. Rail budget was presented along with India budget. In the budget 2018 India, the Modi government has come up with total Revenue receipts in 2018-19 and total Revenue expenditure in 2018-19.
Budget 2018: Delhi Police, which maintains law and order in the national capital, has been allocated Rs 6,946.28 crore while Rs 1,750 crore has been allocated for the development of border infrastructure, amidst tension along the Indo-Pak and Sino-Indian borders.
Union Budget 2018: The government has proposed to allocate Rs 15 crore for setting up a mobile phone tracking system in the country that will bring down the number of counterfeit handsets and discourage theft, said the Union Budget document 2018-19.
Budget 2018: Haryana Chief Minister Manohar Lal Khattar today hailed as pro-poor and pro-farmer, the Union Budget 2018 presented by the Union Finance Minister Arun Jaitley today. The decision to raise the MSP of all crops to at least 1.5 times the production cost will incentivise farming operations and improve the economic lot of the farmers, he said.
Budget 2018: The insurance industry has welcomed the Budget saying the proposals for a national safety net for the poor in particular and the health insurance sector, in particular, will act as a catalyst to increase health insurance penetration.
Budget 2018 was expected to bring in some good news for electric vehicles, given the government’s focus on promoting electric mobility. However, this sector was given a miss by Arun Jaitley and here’s what all could have been done and what the auto sector thinks about it
Budget 2018: The Left parties today called the budget a “big jumla” (rhetoric) of the government which has elections on its mind. “This budget, being the last one for this government, clearly shows it is announcing the schemes keeping in mind the coming Lok Sabha polls.
Union Budget 2018: Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said the Union budget would provide a boost to the farmers’ income. However, the opposition Congress dubbed it as a “misleading budget based on the jugglery of numbers.”
Budget 2018: Even as they lauded the Budget’s emphasis on infrastructure creation, realty industry is “highly disappointed” as the finance minister failed to grant industry status to the sector, a long-pending demand. Arun Jaitley proposed establishment of affordable housing fund in the National Housing Bank to boost the sector.
In the Budget for 2018-19, Finance Minister Arun Jaitley increased customs duty on CKD (completely knocked down) imports of motor vehicles, cars, SUVs, two-wheelers from 10 percent to 15 percent.
Budget 2018: Over two crore toilets will be constructed across the country under the Swachh Bharat Mission (SBM) in the next fiscal, with the government also proposing to launch a new scheme called GOBAR-DHAN for solid waste management in the Union Budget today.
Union Budget 2018: BJP chief Amit Shah today said the Union Budget gives new wings to aspirations of the poor as he cited measures aimed at giving a boost to farmers, infrastructure, rural sector and small and medium enterprises. Shah posted a number of tweets as Finance Minister Arun Jaitley made announcements while presenting his fifth budget to highlight their significance.
Budget 2018: To ensure better returns to farmers, the government today doubled budget allocation to the food processing ministry to Rs 1,400 crore for 2018-19 fiscal and set up institutions to finance agro-processing projects. To encourage each district to focus on cultivation of specific crops, the government will re-orient current schemes and promote cluster-based development of agri-commodities.
Budget 2018: Leading industrialists in the city have expressed mixed reaction to the proposals in the union budget presented by Finance Minister Arun Jaitley today. Chairman of Ambuja Neotia group, H Neotia said it was good budget and focussed on the rural sector, health and the MSMEs which was most needed.