Even our reactionary bureaucracy cannot halt the power of an idea whose time has arrived
Though the finance minister has raised the budgetary allocation for the Bharat Net project by 66% to Rs 10,000 crore for 2017-18, nothing was mentioned with regard to the timelines by when the project will be completed.
With political funding being a preferred channel to launder black money in the country, finance minister Arun Jaitley announced a R2,000 cap on donations where the source need not be disclosed—well below the current R20,000 one—in his Budget speech in Parliament on Wednesday. The finance minister stated that the situation had “only marginally improved” since […]
The government has taken a number of measures towards reducing and controlling the generation and accumulation of unaccounted incomes or black wealth in India or by Indians, the demonetisation exercise being the most visible one.
The Budget has continued with the process of pushing for a digital economy set in motion in the aftermath of the demonetisation of high-value currency notes.
With the ministry of finance projecting a promising 7.1% annual GDP growth in FY17, India continues to sustain its consistent economic performance despite global sluggishness.
Ever since this government assumed power, it has been focusing on themes such as inclusive growth for all sections of society, skill building to develop long-term capability and the ‘Make in India’ programme to promote manufacturing competitiveness.
Capital and development works, cleanliness, finance and accounting reforms the other main concerns for the railways
It is usual to have a plethora of expectations from the Union Budget, and a yearning for so-called “big-bang” reforms and announcements.
Home buyers can look forward to more affordable housing, as the government has bolstered the segment, giving it infrastructure status in the Union Budget for 2017-18.
In an effort to revive private sector participation in Metro projects in India, finance minister Arun Jaitley has proposed a new Metro Rail Policy and bringing in a new Metro Rail Act to focus on innovative models of implementation and financing of metro projects.
Finance minister Arun Jaitley’s largesse for rural areas, what with a total allocation of Rs 1,87,223 crore for rural, agriculture and allied sectors for FY18, the highest ever by any government, is sure to give a substantial push to the purchasing power of people in rural areas.
How would Indian Railways generate funds for the proposed RRSK? They would need to take the same route as the last NDA government — a safety surcharge on passengers.
The budget essentially continued the pattern of the FM’s past reformist budgets, and was directed towards implementing the government’s desire to bring about greater transparency in governance, reduce corruption and create conditions for faster economic growth.
In his fourth Budget after the National Democratic Alliance came to power in May 2014, finance minister Arun Jaitley is attempting to cleanse the 70-year-old opaque political funding system.
Existing state-run companies may be merged; LNG customs duty cut to boost move towards gas-dependent economy
Finance minister Arun Jaitley put up an eloquent defence of demonetisation, calling it a tectonic policy step akin to the goods and services tax and flagging its potential to boost tax compliance, but projected a rather modest 12.3% increase in tax receipts in 2017-18 and a very economical 6.6% rise in the Budget size.
The 4,700-odd start-ups in the country can now look forward to the benefit of certain tax sops with the Centre extending the profit-linked deduction for start-ups to three out of seven years from the earlier norm of three out of five years.
Budgetary outlay for national highways increased to `64k crore; private players cheer hike
Granting infrastructure status to affordable housing will give developers access to more funds
Finance Minister Arun Jaitley has presented a positive Budget, amid concerns over mounting economic slowdown and weak global economy. This
Prime Minister Narendra Modi has moved to clean up political funding with limits on cash donations and new “election bonds”, but some politicians and election officials said the measures would have limited impact.
We welcome the Union Budget 2017-18, as it is mainly focused on spending on rural sector, agriculture and infrastructure, which is expected to create jobs.
With successful implementation of demonetisation, the current Budget an awaited event.
With the GDP projected to grow at 7.1% and the industrial sector 5.2%, a well-defined Budget with a focus on boosting consumer confidence and reviving long-term business growth was the need of the hour.
Welcoming the “forward-looking” annual budget presented by Finance Minister Arun Jaitley, industry bodies in US have said it builds on economic reforms enacted over the last three years.
The Union Budget 2017-18 assumed more importance than a conventional Budget because of the extraordinary environment in which it was being presented.