Budget 2017: Because of Aadhaar, around 110 crore people in India now have a unique identification, Finance Secretary and Secretary (Expenditure) Ashok Lavasa has said. According to Lavasa, there is no parallel for this in the world.
Budget 2017: Reiterating what Finance Minister Arun Jaitley said in his Budget speech this year, DEA Secretary Shaktikanta Das today said that demonetisation will have a transient effect on the economy.
Revenue secretary Hasmukh Adhia said the Rs 3-lakh limit set by the Budget for cash transactions was “too high”, even though it may not be practical to lower it at this juncture.
The cuts in import taxes in the Budget for renewable energy equipment might not suffice to increase the competitiveness of domestic manufacturing, industry players feel.
The government has announced several measures for infrastructure in the next financial year, which would provide massive growth.
The emphasis is squarely on growth with a slew of initiatives including higher allocation to infrastructure, increased emphasis on affordable housing and higher disposal income in the hands of India’s middle class.
The economy had lost some momentum due to the demonetisation. Hence, all eyes were on the Budget to provide an antidote to the distress caused by the cash squeeze.
The budget’s extensive focus on the real estate and transportation sectors will provide a significant fillip to the construction sector.
The government has succeeded in ensuring that the Indian economy is buoyant despite the prevailing uncertain environment and global headwinds.
Only tax breaks can’t ensure investments, ease of participation needed for the success of such schemes
On the face of things, the Budget’s plan for a big, integrated oil PSU is a sound one, even an old one.
Though PoEM can’t be triggered without adequate evaluation, the guidelines have little on the appellate process
The Budget has been extra-careful and conservative about the impact of DeMo on the economy. It is very likely that GDP growth for FY17 will close in on a number above 7%. It is probably the most brilliant economic and political document since the path-breaking 1991 Budget.
In his budget speech, finance minster Arun Jaitley highlighted that the country’s direct tax collection is not commensurate with the income and consumption pattern of the country’s economy.
In a webinar BMR & Associates LLP tax experts Gokul Chaudhri and Rajeev Dimri analyse the fine print of Budget 2017. Chaudhri shed some light on the area of taxation, focusing primarily on foreign investors, who he says will have to do with only a single demand being met from the list they had sent, […]
In light of the slowdown in the GDP growth after the note ban, the Budget has made a concerted effort to stimulate economic activity through a combination of modest tax cuts and higher spending, while remaining committed to paring the fiscal deficit.
Union Budget 2017 was a classic act of laying down the foundation of budget being a guide map of fiscal prudence and canvassing of big picture rather than dealing into details of country’s fiscal management.
The BSE mid-cap index ended the Friday’s session at 13285.41, just 3% short of its all-time high of 13,713.
The finance minister has focused the Budget on the farmers, the youth, the rural population by announcing sops and schemes and on providing thrust to infrastructure and the digital economy.
The Union Budget 2017 witnessed the end of colonial-era tradition of presenting the Budget on the last working day of February.
Budget 2017-18 has stayed on the path of fiscal consolidation by pegging the fiscal deficit for FY18 at 3.2% of GDP and remains committed to achieving 3% in the following year as recommended by the FRBM review committee, despite the committee providing an ‘escape clause’ for deviations up to 0.5% of GDP.
Finance Minister Arun Jaitley said setting up a ‘bad bank’, which is a kind of asset reconstruction company to buy NPAs of banks could be a possible solution to deal with the festering problem.
Most of the fiscal and revenue targets set in the Budget are achievable and it reaffirms the government intent of gradual fiscal consolidation apart from signalling continued commitment to broad-base the reform agenda with a greater focus now on widening the tax base, says the global rating agency Fitch.
Post the demonetisation phase, the union budget expectations had soared high. The budget to some extent matched the desire of a common man, but it is likely to impact rich taxpayers negatively with the overload of the heavy surcharge.
The overall approach in Union Budget was to improve spending for growth to pick up, said Finance Minister Arun Jaitley at an event today.
Overall I would give a thumbs up for the budget, however, due consideration towards the few ‘missing’ links could have made me happier.
Finance Minister Arun Jaitley’s historical Budget was unveiled on February 1st to mixed reactions from the general public. Built around underlying themes of digitization of the economy and easier tax norms, this edition of the Budget was presented a month earlier than before.