Budget 2018: “To care for those who cared for us is one of the highest honours” is what Finance Minister Arun Jaitley said while he presented some of the measures to the senior citizens of India. In a last-ditch effort to woo the senior citizens and stressing on the need for the ‘Ease of Living’ for the common men in India before the next general elections
Union Budget 2018: Medical device manufacturers have been left disappointed by the Budget 2018-19, saying their concerns have not been addressed. Although they welcomed Finance Minister Arun Jaitley’s mega healthcare proposal saying it was a step in the right direction.
Budget 2018: Seeking to allay concerns about the funding of the National Health Protection Scheme (NHPS) announced in the Union Budget, Health Minister J P Nadda today assured that finances will never be a problem and said the Centre was working out the nitty-gritties of the programe.
Budget 2018: Aadhaar-issuing body UIDAI has been allocated nearly 15 per cent more funds at Rs 1,375 crore for 2018-19, which are expected to be used for technology upgradation and strengthening the overall capacity. The Unique Identification Authority of India (UIDAI) was given Rs 900 crore in the last Budget, but later the allocation was revised to Rs 1,200 crore.
Budget 2018: Finance Minister Arun Jaitley today said the world’s biggest health cover plan announced in the Budget will be cashless and not a reimbursement scheme, and promised more funds if required depending on the rollout later next financial year.
Railway Budget 2018: A railway employees’ association today said the Union Budget for 2018-19 was “anti-workers” as there was nothing for their welfare. In a statement, the All India Railwaymen’s Federation (AIRF) said the budget came as “a dampener” for the entire sector.
The budget speeches in India are becoming as long as they could. Incumbent Finance Minister Arun Jaitley has emerged as the Union finance minister with the second-longest budget speeches on average. But, then who is the first to give a mammoth speech in the parliament on the Budget Day?
Budget 2018: CBDT Chairman Sushil Chandra told PTI that it has come to the notice of the taxman that while many such investors “did not pay advance tax” on the benefits which they have accrued, some others have not explained these investments in their tax returns in the past.
With a whopping 50% increase from the last Budgetary allocation and a 20% hike from the revised estimate, the infrastructure sector continued to remain one of the thrust areas for the Narendra Modi government in the Union Budget 2018 as well. But there’s one clear winner.
Budget 2018: Finance Minister Arun Jaitley has brought back the Long Term Capital Gains tax on equities and equity funds by the way of insertion of Section 112A under the I-T Act,1961. Here’s how it will impact you.
Budget 2018: With the Union Budget providing tax relief to MSMEs, corporates having turnover of over Rs 250 crore have expressed disappointment saying the move will make “India uncompetitive” and the government failed to keep its promise.
Budget 2018 has been read by economic and political observers in varying ways. When will the next General Elections actually take place? First, considering Modi’s habit of surprising pundits, it is unlikely that Narendra Modi will go for simultaneous elections with a few states later this year.
Budget 2018: Yoga Guru and FMCG giant Patanjali head Baba Ramdev has reacted to the Budget 2018. He called the Budget 2018 pro-poor but accepted that there are reasons for the middle class to be disappointed by the Budget. He himself wished for a change in the income tax slabs.
Budget 2018: In a major offshoot of Union Budget 2018 presented by Finance Minister Arun Jaitley yesterday, the 30 share Sensex registered its biggest single-day fall in two-and-a-half years, and plummeted by more than 840 points to close the week at 35,066, 1,000 around points below its previous close last week.
Budget 2018: Yesterday, Finance Minister Arun Jaitley proposed to lower corporate tax rate to 25 per cent for businesses with turnover up to Rs 250 crore. Retail engagement platform Netree CEO Desi Valli said the move will invite many smaller players to join the formal sector and bring transparency.
Budget 2018: Investment advisers and research analysts are set to attract huge penalties of up to Rs 1 crore for violation of Sebi norms, according to a proposal in the Budget 2018-19. Failure to comply with regulations by individuals with respect to alternative investment funds (AIFs), infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) would also attract similar quantum of penalties.
Union Budget 2018 : A slew of measures announced in the Budget 2018 will transform the farm sector in a big way, increase farmers’ income and help achieve higher growth, Agriculture Secretary S K Pattanayak has said. “It is a pro-farmer budget, very much focused on developing the entire farm sector.
Budget 2018: Finance Minister Arun Jaitley today defended not giving away major relief to middle class by saying the government has already done enough in the past Budget and will further provide succour in the future depending on fiscal space.
While Finance Act 2016 had introduced Equalisation levy to tax India sourced online advertisement revenue, the Finance Bill 2018 proposes to bring in a new nexus rule by amending the definition of ‘business connection’ to include “significant economic presence” based on threshold for “revenue” and “users” in India.
Budget 2018: Contrary to widespread expectations, the Modi government’s last full Union Budget failed to bring anything significant for the common man, although senior citizens were given some tax relief, while the poor got some sops.
Budget 2018: After Finance Minister Arun Jaitley presented the Union Budget 2018 in Parliament yesterday, the consensus assessment of top mutual fund managers is that it was a balanced budget overall. We take a look at what they have to say.
The last full Budget of the present Narendra Modi government played big on its flagship healthcare coverage, which was later dubbed as ‘ModiCare’. But there are three sides to India’s healthcare story, here are the hits, misses and the wild cards.
Budget 2018: A heavy jolt has been observed in the Indian stock markets with over 2,400 companies trading in red as Sensex plummets 748 points after FM Jaitley tabled India Budget 2018 on Thursday in which he brought LTCG under tax net and fixed a higher fiscal deficit target for FY19.
Budget 2018: Even as the stock markets feel the jitters of the introduction of LTCG tax on equities by Finance Minister Arun Jaitley, analysts point out that small investors need not worry about their investments as the tax applies only to stock market gains exceeding Rs 1 lakh.
Budget 2018: Union Finance Minister announced ‘world’s largest healthcare programme’ in his Budget 2018 speech. Two new initiatives will be launched under the Ayushman Bharat Programme. Under the programme, Jaitley announced a new flagship National Health Protection Scheme, providing a health insurance cover of ₹5 lakh a family per annum which will cover 10 crore vulnerable families, with approximately 50 crore beneficiaries.
Budget 2018: In a rebuttal of the criticism of Budget 2018-19 pandering to the farm sector in a pre-election year at the expense of the middle class and the corporate sector, Finance Minister Arun Jaitley on Friday showed how his latest budget exercise is actually designed to boost overall economic growth with the help of all segments.
Budget 2018: The Hon. Finance Minister of India in his budget speech yesterday mentioned that Securities and Exchange Board of India (SEBI) might look to ask corporates to finance as much as one-fourth of their funding needs from the corporate bond market.