The Budget for FY18 has not disappointed, despite heightened expectation in its run-up, and the challenging backdrop of the recent demonetisation exercise.
Shares of cigarette major ITC hit a fresh life-time high on BSE on Thursday a day after the finance minister announced a lower-than-expected hike in excise duty on cigarettes in his Budget speech
The Budget has allocated Rs 6,227 crore for the textile ministry for the next fiscal, representing a 36% hike from the budgetted level of Rs 4,595 crore a year earlier, as the government steps up focus on labour-intensive sectors to create more jobs.
While prices of oil stocks climbed up as union finance minister Arun Jaitley in Budget announced creation of a single oil & gas company through merger of the existing state-run oil and gas PSUs, experts feel that this can lower the prices of petroleum products by at least 5% since it will cut down on the overhead expenditure as well as on the operating capital.
The government has tabled a Budget that has an overall focus on infrastructure, agriculture, boosting spending power, creating jobs and improving rural income.
While finance minister Arun Jaitley duly recognised the contribution of the salaried class to tax revenues in his Budget speech, he did not do much to meet their expectations.
In his first interview post the announcement of Union Budget 2017, Finance Minister Arun Jaitley said that UPA had a terrible record when it came down to the handling of fiscal deficit.
A day after the presentation of the Union Budget 2017-18, Finance Minister Arun Jaitley, today said that the objects of the budget were clear and its not difficult to implement new policies.
Social media platform Twitter today said it had recorded 7.2 lakh tweets with the hashtag #Budget2017 between January 30 and February 2.
A day after Finance Minister Arun Jaitley presented the Union Budget 2017, senior Congress leader P Chidambaram today claimed that the people have stopped talking about the budget within 24 hours of its release.
Finance Minister Arun Jaitley’s focus on agriculture, rural employment and infrastructure in his Budget for 2017-18 shows Narendra Modi government’s ability to balance growth with prudence, billionaire Gautam Adani said today.
Having witnessed a prolonged slowdown and hit had by the recent demonetization drive, the real estate sector was betting big on the Budget 2017 for revival of fortunes. It was expecting, among other things, income tax incentives for first-time home buyers apart from higher tax savings on housing loans and house insurance premiums.
Former defence minister A K Antony today slammed the Union Budget saying it has allocated substantial amount to capital expenditure while it should have focused on strengthening security system in the light of spate of terror attacks last year.
Government’s proposed reforms in political funding are “inconsequential” as they will continue to remain opaque while the proposal to limit cash donations at Rs 2,000 is flawed in terms of accountability, disclosure and political will, according to think-tank ADR.
Union Budget 2017-18 shows India’s commitment to improve fiscal performance but heavy debt burden and weak public finances remain key rating constraints, S&P Global Ratings said today.
While the questions of ambition and populism for this year’s Union budget have been doing the rounds even before it was presented, it is now clear that the government is clueless about the employment generation area.
A well balanced budget is presented by Finance Minister today with a focus on addressing the three fundamental needs of education in India: access, quality and equity.
Softer lending rates are expected as the Budget will help banks cut rates by 50-75 bps by September to offset the impact of demonetisation in the second half of the current year, says a report.
Union Urban Development Minister M. Venkaiah Naidu on Thursday appreciated the Union Budget, saying it will help in achieving Prime Minister Narendra Modi’s dream of building a resurgent India.
Finance Minister Arun Jaitley presented the Union Budget on February 2, and a lot of focus went to Digital India and Make in India. With an aim to further the push for local manufacturing, the finance minister introduced a Special Additional Duty (SAD) on the import of PCBs.
“From a macro point of view, the Budget presented by the Finance Minister is a growth-oriented one with special focus on rural, agriculture and infra sectors,” Dr Singhania said.
The Union Budget 2017 promises to continue economic reforms, control inflation and prudent fiscal management. However, it provides little impetus in the short term to the real estate sector other than a boost to the affordable housing segment.
Union Budget 2017 disappointed many, especially the opposition parties.
Proposed listing of the three railway PSUs gives a glimpse into government’s plans for meeting its disinvestment target of Rs 72,500 crore — its most ambitious to date.
Stating that the the focus of the government on the youth of the country is commendable, Professor Vijaysekhar Chellaboina, Deputy Dean – Academics, Mahindra Ecole Centrale on Thursday said that Union Budget 2017 was very positive for the education sector.
We take a look at 5 charts that explain how your tax outgo will change post Narendra Modi government’s Union Budget 2017:
Ameera Shah, MD & Promoter at Metropolis Healthcare Ltd on Thursday said that Finance Minister Arun Jaitley made many positive announcemnets for the healthcare sector in the Union Budget 2017.