The textile ministry will likely see a substantial jump in fund allocation for it in the coming Budget as the government steps up focus on labour-intensive sectors.
To harmonise the peak customs duty on industrial goods at 7%, Prime Minister Narendra Modi met economists and sector-experts ahead of the Budget 2017-18.
Speaking on budget related issues, the NITI Aayog vice chairman said: “There was discussion on how to bring down the tax rate.”
Prime Minister Narendra Modi today said advancing the date of budget presentation would help getting funds authorised for different sectors at the start of the financial year.
Economists and experts at NITI Aayog on Tuesday discussed steps that could be taken in the upcoming Budget 2017.
The government is in a “sweet spot” in terms of fiscal situation and has space to roll out stimulus in the Budget for FY18, Madhusudan Kela said.
The departments of commerce as well as industrial policy and promotion are focussing on measures that are important and yet have “limited budget implications.”
As the Budget 2017-18 is drawing closer, a significant moderation in the direct tax incidence on a vast majority of taxpayers is increasingly looking certain.
GJF Chairman GV Shridhar said the government should consider increasing the amount beyond which PAN card is necessary for purchase of gold and jewellery to Rs 5 lakh.
Nilesh Shah, MD, Kotak AMC on Thursday said that Budget 2017 needs to boost the consumer sentiment by cutting taxes.
Naveen Patnaik today said the state generates an annual revenue of over Rs 15,000 crore for Indian Railway and sought a Rs 5,870 crore package for development of railway infrastructure in the state.
FE Online decided to ask tax experts on how realistic is it to expect such a massive increase in the exemption limit.
Budget 2017: Auto major Maruti on Wednesday said that it expects Budget to support industry and manufacturing.
As the Indian Railways is saddled with under-recovery of over R32,000 crore from the passenger segment, an across-the-board hike in fares could be expected soon.
Representatives of the financial sector, in a pre-Budget meeting with finance minister Arun Jaitley on Tuesday, sought a slew of tax incentives to deal with the impact of demonetisation and the surge in non-performing assets.
Mahajan highlighted the various issues related to the Industrial Sector and requested the State Government to resolve the same in the Budget of 2017-18.
Stating that Budget 2017 will focus on wealth redistribution, CLSA’s Senior Economist Rajeev Malik on Tuesday said that the government may look at increasing exemption limit for personal Income tax.
At a pre-budget with Arun Jaitley, bankers urged the Finance Minister to hike the TDS (Tax Deducted at Source) exemption limit on fixed deposits for senior citizens to Rs 50,000 from the current Rs 10,000.
Finance Minister Arun Jaitley on Tuesday indicated that no populist measures will come through for the railways when its budget will be merged with the general budget from the next fiscal.
The Centre’s decision to advance budget 2017-18 presentation by about a month has been criticised by Janata Dal (United).
The Union Budget 2017-18 will be presented on February 1. Here are five reasons that make this Budget different from the earlier ones..
Incentives are on the cards for merchants promoting use of plastic money and income-tax benefits could be offered to those making payments electronically, sources said.
Speaking at the Pre- Budget Consultative Meeting, FM Arun Jaitley said that the Software Development and Information Technology Enabled Services industry had emerged as one of the most dynamic and vibrant sectors in India.