Budget 2018: After this year’s Union Budget, the government may give a detailed performance-based outcome document indicating the target of each ministry in Parliament said NITI Aayog.
Budget 2018: Though the Budget did not specify which cost will be used, chances are the lower A2+FL will be used. In the case of paddy, for instance, MSPs will need to be raised by around 11%, 18% in the case of cotton, 41% for jowar, etc, using even this lower cost as the base.
Budget 2018: Provisions of the proposed J&K Employment Code are not in public domain. Indeed, the Budget speech suggests it is still work in progress. But there are some clear principles that should drive any such initiative.
Budget 2018: In the Economic Survey 2017-18, it is noted that the recoveries from investment slowdowns, especially those associated with balance-sheet difficulties, tend to be stickier and hence the slowdowns can be prolonged.
Budget 2018: For small cohesive groups with common interest, raising and investing resources to achieve their common goals is a lot easier and plausible compared to large diverse groups with diffused interests.
Budget 2018: While tax administrators complain that traditional factors are no longer sufficient, taxpayers believe that the sanctity of these time-tested factors cannot be disturbed.
Budget 2018: Direct tax—hits and misses On the tax front, following the trend of previous years, the Budget continues to focus on increasing taxpayer base and moves away from providing tax exemptions—it is a combination of various hits and misses.
The budget’s promise of MSP-based deficiency payments, should the government not be able to procure all crops at the MSP, could cost around Rs 80,000 crore based on conservative estimates.
Railway Budget 2018: Modi government in their last Union budget 2018 before the 2019 Lok Sabha elections announced many game changing projects to uplift the Railway sector of the nation. Here are state wise Railway budget allocations and project announcements.
Budget 2018: The Union budget for fiscal 2018-19 has proposed electrification of 881 km of rail network in West Bengal at a proposed cost of Rs 771.54 crore, a senior railway official said here today. The project will be undertaken in seven zones of West Bengal.
Railway Budget for Uttar Pradesh 2018: Modi government has announced many game changing projects to enhance UP’s Railway network. Currently, there are 73 on going railway projects in Uttar Pradesh, worth Rs 64,279 crore. These projects are under the execution phase and cover a length of around 6,475 km.
Budget 2018: The Budget allocation to the corporation in 2017-18 was Rs 1.02 lakh crore (RE) and in the next year, it is budgeted to receive Rs 1.38 lakh crore. However, it is a fact that CPSE capex has been, especially over the last couple of years, a pillar of strength for the government in its effort to boost the economy, in the absence of strong private investments.
Budget 2018: Talking about the Budget allocation, Puri said his ministry has been allocated Rs 41,756 crore in 2018-19, up nearly 3% from Rs 40,617 crore in 2017-18. The announcement of a dedicated AHF will go a long way in meeting the requirement.
Budget 2018: The government said the total amount of exempted capital gains from listed shares and units was around Rs 3,67,000 crore for AY 2017-18. It expects to mop up Rs 20,000 from the tax on LTCG from equities.
Budget 2018: SEBI’s ban last year on P-Notes from taking naked derivative positions in the Indian market created concerns that futures trading on Indian stocks may move to offshore exchanges such as Singapore Exchange.
Budget 2018: This is because the Union Budget 2018-19 has introduced long-term capital gains tax for equities; it has not cut the corporate tax for big turnover companies; and there is only marginal relief for the salaried class — Rs 40,000 standard deduction for transport allowance and reimbursement of miscellaneous medical expenses.
Budget 2018: The Budget has provided opportunities to new banking entrants like us to cater to under penetrated, yet high focused sectors of agriculture, affordable housing and MSME. We can see significant growth in lending to these sectors with increased allocation of funds under various schemes of MUDRA and NHB.
Budget 2018: A simple investment so far has now become much more complex as you will now have to manage your returns, too. Suppose your gain for a year is Rs 90,000 and you book the same, there’s no tax.
Budget 2018: The insurance cover of Rs 5 lakh could provide citizens a taste of how insurance products can protect their earnings and could lead them to reduce risks to safeguard other assets such as home and vehicle.
Budget 2018: Mumbai is headquarters to zonal railways– Central Railway and Western Railway– and railway projects are executed and implemented by the Mumbai Rail Vikas Corporation (MRVC), a joint venture of Railway ministry and state government.
Mumbai is headquarters to zonal railways– Central Railway and Western Railway– and railway projects are executed and implemented by the Mumbai Rail Vikas Corporation (MRVC), a joint venture of Railway ministry and state government.
Rail Budget 2018: Three poll-bound BJP-ruled states – Madhya Pradesh, Chhattisgarh and Rajasthan- have seen the highest growth in allocations in rail budget 2018-2019 as compared to the average outlay during 2009-2014 under UPA II regime, according to data provided by Railways today.
Railway Budget for Maharashtra 2018: To boost the Indian Railways network across Maharashtra, the government has announced some big projects. There has been a growth of 468% in Railway Budget allocation from an average of Rs 1,171 crores in 2009-14 to a total outlay of Rs 6,658 crore in 2018-19.
The government’s numerous measures to double farmer’s incomes by 2022 and the announcement to implement the ‘Universal Health Care Scheme’ were the major highlights of the Budget 2018 that can be game changers for India when implemented.
Budget 2018: After Finance Minister Arun Jaitley introduced Long Term Capital Gains Tax on equities in Union Budget 2018, investors would be on the lookout for various strategies to minimise their tax outflow, top fund managers point out that it would be imprudent to sell away all holdings.
The Railway Budget 2018 presented on February 1, which saw the highest ever capital expenditure of Rs 1.48 lakh crore, has set an ambitious target of attaining an operating ratio of 92.8 per cent for financial year 2018-2019, says Alstom.
Budget 2018: The deferral of fiscal consolidation roadmap has left the task of strengthening weak public finances to the next government after the 2019 general elections, Fitch Ratings said today. The target for current fiscal was missed largely because of higher expenditure, Fitch said.