The idea of merging state-owned oil companies germinated during the AB Vajpayee years and surfaced during Mani Shankar Iyer’s tenure as the UPA petroleum minister.
Although the Budget 2017 was pro-poor and some tax sops were also announced keeping in mind the middle class, but still a few amendments will have a negative impact on people after the changes become effective within a few months. For instance, they will increase the tax liability of the rich people.
Some of the budget proposals can surely impact the savings of a common man, like while planning to buy or sell one’s property or any financial asset, paying rent to landlord above Rs 50000. Moreover, they will have a direct impact on one’s salary because of the reduced income tax rates.
The long-awaited rail tariff regulatory authority, if in place, would have helped fix tariffs, as the merged budget wished
When the new year dawned, some things were abundantly clear. Firstly, the external environment was no longer benign (rising oil prices and rising protectionism).
DEMONETISATION of high-value currency notes was done to clamp down on black money, among other things. As a fallout of this decision, focus also shifted to urging people to move towards cashless transactions.
The much-awaited Union Budget 2017-18 seems to have maintained a right balance between populism and fiscal prudence. However, a few sectors like insurance and e-commerce felt disappointed as they hardly found a place in it.
While we all intently listen to each and every word that the finance minister spells out in his Budget speech, there is more to the Union Budget proposals than what meets the eye…err ears. If you missed out on the speech, there are many ways to listen to it again.
Attacking the government over demonetisation, he said it has offered no gain for the common man on whom “the State was unleashed”.
Dr. Manmohan Singh knows the art of going to the bathroom with a raincoat on, PM Narendra Modi had said.
The rural markets have been a cause of concern with the demonetisation drive augmenting the woes of the rural populace and the economy.
The Union Budget 2017-18 may not be high-sounding but it focuses on better consolidation and implementation of government schemes, Finance Secretary Ashok Lavasa said on Tuesday.
Assam Finance Minister Himanta Biswa Sarma today presented a Rs 2,349.79 crore deficit Budget for the state for 2017-18 financial year and merged the Plan and non-Plan heads.
Marc Faber the author of the The Gloom, Boom & Doom Report on Tuesday said Union Budget 2017 was good with no negative shocks.
Around 1.24% of the capital spending by the government in FY18 would be supported by internal and extra budgetary resources (IEBR) by the PSUs.
ClearTax, an Income Tax returns e-filing and enterprise compliance service provider, has observed a trend which, if implemented well, will ultimately result in improving the economic infrastructure of the country.
With the Modi government’s stress on affordable housing and its resolve to provide ‘Housing for All’ by 2022, both realtors and homebuyers were looking towards the Budget 2017 with much hope.
The budget has made a prudent beginning and set the stage for the government to push its reform strategy further.
It’s a growth-oriented Budget, but the auto industry wish list remains unfulfilled
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 fourth Union Budget of the current NDA government has once again kept the legacy of contractionary fiscal policies continuing.
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
The problem of subdued power demand ailing the thermal as well as renewable energy sectors was addressed by Union Finance Minister Arun Jaitley in his budget proposals for fiscal 2017-18 on February 1, but there is no “direct, head-on tackling of stressed power assets”, experts say.
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.