Budget 2018, the last Budget of the current government ahead of the General Elections in 2019, was touted as pro-farmer and pro-poor Budget, Credit rating agency Moody’s has said that the Budget will benefit the corporate, infrastructure and insurance sector.
Budget 2018: After Finance Minister Arun Jaitley presented fixed the fiscal deficit target at 3.3% in FY19, global rating agency Moody’s Investor Service said that a “slight” slippage in fiscal deficit has no material impact on overall economic strength of the country.
Budget 2018: In Union Budget 2018, presented by Finance Minister Arun Jaitley last week, the government has allocated a whopping Rs 1,290 crore to promote the bamboo sector. We explore the strategic importance of this “Green Gold.”
Union Budget 2018: The Budget for 2018-19 strikes a balance between fiscal prudence and growth, and a “slight” slippage in fiscal deficit has no material impact on overall economic strength. The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP
Budget 2018: Amid rising confusion and rumours flying around on the treatment of long term capital gains on stock market transactions after Finance Minister Arun Jaitley introduced LTCG tax on equities in Union Budget 2018, the government has come out with a 24-point clarificatory note on the subject.
Budget 2018: Finance Minister Arun Jaitley in his budget speech 2018 on 1 February said the government will offer farmers a minimum support price (MSP) that’s 50 percent above the production costs for remaining rabi crops as well as kharif crops.
Budget 2018: Long Term Capital Gain Tax (LTCG) is not new to the Indian market, but last time when it was removed from equity related gains, the Securities Transaction Tax (STT) was introduced with the objective of better tax compliance.
MoRTH has invariably laid hands on bulk of the fund and enjoyed the discretion to allocate the monies to various highway projects implemented by itself and the NHAI. The ministry also allocates the funds to states and Union Territories for roads and for inter-state connectivity projects.
Fiscal deficit in 2017-18 would go up a notch to 3.6%, instead of 3.5% estimated by the Centre, if the CSO’s advance estimate of nominal GDP at Rs 166.28 lakh crore is taken into account.
The government accepted this long-pending demand of the industry which will now provide employers the flexibility in hiring that will gradually bring more private investments, resulting in more job creation.
This year’s Budget recognises this concern and seeks to address it through various initiatives and measures. The key amongst these is the concept of moving from blackboard to digital board, with digital technology going to play a significant role in improving the quality of education through introducing conceptual learning methods.
Budgetary allocations are strategic in nature and specific to changing conditions of the economy. So, comparison like this year’s allocation is about 4% more (not considering inflation) than the previous year may have a mathematical significance, but not much socio-economic significance.
Minister Jaitley reiterated that improvement in quality of teachers could improve the quality of education in the country. The question is, how a bunch of individuals entering the teaching profession reluctantly only to make a livelihood can be the agents of change?
Budget 2018: The mega healthcare plan for the poor, as announced in the Budget, will cost about Rs 1,00,000 crore annually and curtail states’ autonomy to design their own policies in the sector, says a research paper, authored by a professor at economic think tank NIPFP.
Budget 2018: An estimated 2.53 lakh central government jobs were generated in the last two years, reveals an examination of Union budget 2018-19. According to the budget documents, presented by Finance Minister Arun Jaitley on Thursday, the estimated workforce of central government establishments will be 35.05 lakh as on March 1, 2018.
Budget 2018: As you all know, on 1st February, 2018, Finance Minister Arun Jaitley delivered the fifth and the last full Budget of the Modi government. It was a crucial one as it was presented before the upcoming elections in 2019 and amidst the various challenges faced by the Indian economy.
Budget 2018: The Congress on Saturday termed the Modi government’s Budget announcement of a mega health service insurance scheme for the poor a “jumla” and said it was made without adequate funds.
Budget 2018 squarely addresses rural and farm distress through targeted measures. There are no general subsidies and nothing that can be immediately classified as wasteful expenditure. Whether it’s the linking of Minimum Support Prices (MSP) to input costs or the provision of a reasonable level of health insurance to just fewer than 40% of our population, measures announced in the budget pinpoint the root causes of distress and provide solutions.
Budget 2018 was awaited with bated breath and Finance Minister Arun Jaitley did not disappoint, mainly on social and welfare schemes. While income tax slabs, which is what most taxpayers look forward to, remain the same with a slight relief for the salaried class, the biggest takeaway without a doubt this Union Budget was the healthcare sector.
In Budget 2018 speech, finance minister Arun Jaitley announced that the minimum support price (MSP) for crops will be such that it guarantees farmers a 50 per cent return over their production cost. However, this decision after the Budget 2018 has paved the way for the question that what really constitutes the ‘cost of production’.
Budget 2018: A day after Budget 2018-19, which spooked markets with the news of fiscal slippage, economic affairs secretary Subhash Chandra Garg asserted the Centre is serious about fiscal consolidation and the 3% deficit target would be achieved in FY20.
Budget 2018: An investment policy for PSUs adopted by the government two years ago has yielded rich dividends — while the economic conditions required higher public spending, PSUs have invested whopping amounts over the last couple of years and are poised to do so in the next year as well.
Budget 2018: The much-awaited Union Budget 2018 was announced on Thursday by the honourable finance minister. The Budget holds great significance for the reason that this was the last Budget under the current government. It was crucial for them to delicately balance the expectations of the common man along with the growth objectives for the country. […]
Budget 2018: This year’s Budget, presented by finance minister Arun Jaitley, laid a strong focus on driving inclusive development and boosting the economic growth. The measures introduced to bolster fields such as agriculture, infrastructure, SMEs, youth skilling and rural economy are commendable. The growth focus around ease of living is laudable, and we are hopeful […]
Budget 2018: The government’s determined focus to make real estate as one of its key drivers has been amply evident in the last couple of years. The Union Budgets have played a significant role in this, augmenting the sector with initiatives such as infrastructure status for affordable housing, extension of income tax benefits up to 60 sq metre-sized apartments, amendments in Real Estate Investment Trusts (REITs).
Budget 2018: Real estate and its allied sectors are the second largest employers in India, next only to agriculture. Most estimates believe that real estate in India will touch the $180-200 billion mark by 2020 and is expected to grow by 30% over the next decade. The importance of the housing sector can be gauged from the fact that it alone contributes about 5% of the GDP.
Budget 2018: Finance minister Arun Jaitley presented the Budget against the backdrop of unprecedented optimism and renewed macro-economic vigour demonstrated in the Economic Survey 2018. Arguably, the economy’s rebound from temporary setbacks of demonetisation and GST has been remarkable, as the pace of GDP growth has seen a spike in H2 of FY18.