Budget 2018: Someone said with great power comes great responsibility. Similarly with great mandate comes great expectations. The expectations from this Government was set in 2014 when they won with a majority which no political party had won since 1984.
Budget 2018: The government will make necessary framework for encouraging investments in “seaplane activities”, Finance Minister Arun Jaitley said today amid efforts to bolster air connectivity. Seaplanes are typically fixed-wing aircraft with much fewer number of seats and can take off from, and land on, water.
Union Budget 2018: E-commerce, defined to mean business activities carried out by digital means, is largely in the realm of non-tangible goods and services provided through the internet. It does however encompass e-tail activities, which mean selling goods and services ordered online.
Budget 2018: As a harbinger to the Budget 2018, though there were many expectations with respect to Indirect taxes, nevertheless the importance of the annual Budget was fairly reduced from an indirect tax perspective in the aftermath of implementation of GST.
Union Budget 2018: Even as Finance Minister Arun Jaitley introduces Long Term Capital Gains tax on equities in Union Budget 2018, Alok Singh, Chief Investment Officer, BOI AXA Mutual Fund tells FE Online that despite some disappointment, equities remain an attractive investment proposition.
Budget 2018: The much awaited budget is finally out. While there may not have been a lot that may directly impact the salaried class, some of the much expected clarity and rationalisation of incentives for corporate sector is welcomed.
Budget 2018: Foreign brokerage Bank of America Merrill Lynch (BofA-ML) today retained its cautious stand on the markets and warned that the Sensex would fall to 32,000 by December 2018, especially after the Budget decided to slap long-term capital gains (LTCG) tax on equity investment.
Union Budget 2018: The government’s emphasis on MSME sector and its decision to reduce corporate tax rate will boost entrepreneurship as well as employment creation, experts said. Finance Minister Arun Jaitley today lowered corporate tax rate to 25 per cent for companies with up to Rs 250 crore turnover.
Budget 2018: Terming Budget 2018-19 “defeatist” and a “big letdown”, the Congress today said the government has “thrown in the towel” and conceded that it has failed to address key issues in the economy. The budget proposals should have been “bold and radical”, senior Congress leader and former finance minister P Chidambaram said.
Budget 2018: The sports ministry today received a hike of Rs 258.2 crore in the Union Budget 2018, presented by finance minister Arun Jaitley in the Parliament here. Jaitley allocated a total of Rs 2196.36 crore for the sports ministry, compared to 1938.16 crore earmarked last year.
Budget 2018: Although the Budget proposals made by Finance Minister Arun Jaitley today left the common man and taxpayers high and dry, the salaried people got a bit excited after hearing the news that the erstwhile standard deduction – which was done away with from Financial Year 2005-06 – has been reintroduced by the government.
Budget 2018: Rail stocks today fell by up to 5 per cent after the Budget announcement for the sector failed to enthuse investor sentiment. Shares of Stone India fell 4.98 per cent, Titagarh Wagons 4.63 per cent, Kernex Microsystems India 4.60 per cent and Container Corporation of India 0.57 per cent on BSE.
For financial year 2018-19, operating ratio is estimated at 92.8% as against 96% in year 2017-18. There are high hopes on freight earnings with estimated increase of 51 MT in 2018-19. The financial year of 2017-18 has witnessed a reversal of the tendency of low growth in freight loading over the previous 2 years.
Railway Budget 2018: In the Union Budget 2018-19, Railways witnessed a modest increase in allocation compared to previous year’s allocation in the sector. Rs 1.48 lakh crore is allocated this years compared to 1.3 lakh crore allocated during previous year’s budget, implying a modest increase of approximately 13.8% over the last year.
Union Budget 2018: Civil aviation ministry will receive an increased budgetary allocation of Rs 6,602.86 crore in the next financial year, with a significant chunk kept aside for purchase of “two new aircraft” to be used for VVIP flights. The allocation is nearly three times higher than the amount of Rs 2,710.31 crore allocated to the ministry for this fiscal.
Budget 2018: The budgetary allocation for the corporate affairs ministry has been increased by little over 8 per cent to Rs 564.15 crore for the next fiscal. For 2017-18 period, the allocation was at Rs 520.84 crore. According to a document of the Budget for 2018-19, the allocation has been significantly hiked.
Union Budget 2018: With a keen eye on the 2019 Lok Sabha, Finance Minister Arun Jaitley presented the much-awaited budget 2018 earlier today in the Lok Sabha. Speaking on the same are the hot-shot of real estate sector, check out the reaction.
Budget 2018: Congress president Rahul Gandhi on Thursday slammed Narendra Modi government, claiming the latter has not been able to meet people’s expectations. Tweeting hours after Arun Jaitley presented Budget 2018, Gandhi said the government is still making promises and failed to bring jobs for youths.
Budget 2018: Industry leaders today welcomed the budget 2018-19 saying that it addressed key aspects of the economy such as agriculture distress, rural infrastructure, science, technology, health care and impetus to Micro, Small and Medium Enterprises.
Budget 2018: The annual budget attempts to juggle the competing interests of various people to maximize political, fiscal and economic capital. The Budget 2018 made some interesting changes to financial regulations. First, the reintroduction of capital gains tax in Budget 2018 was negative for capital formation in the public markets.
Budget 2018: Finance Minister Arun Jaitley tabled the budget 2018 in Parliament on Thursday. The budget held immense importance as it was the first budget after the introduction of goods and services tax (GST) and is timed just ahead of the union elections to be held in 2019.
Budget 2018: The Union government today proposed in the Union Budget to increase the outlay for AYUSH Ministry by more than 13 per cent to Rs 1,626.37 crore. The allocation to the ministry in the previous Budget was nearly Rs 1,429 crore. The total expenditure on central sector schemes and projects carried out by the ministry has been estimated at Rs 71.36 crore.
Budget 2018: Finance Minister Arun Jaitley in his Budget speech today proposed to increase the cess on personal income tax and corporation tax to 4% from the existing 3%. The move may help the government take care of the healthcare and education needs of BPL and rural families.
Budget 2018: The capital outlay of Rs 99,563.86 crore for military modernisation and procurement of new weapon systems is insufficient when compared to the Rs 26.84 lakh crore that the armed forces had sought over a period of five years under this head.
Rail Budget 2018: Budget 2018 was presented today. Railway budget was also presented today by Finance Minister Arun Jaitley in Parliament. Rail budget was presented along with India budget. In the budget 2018 India, the Modi government has come up with total Revenue receipts in 2018-19 and total Revenue expenditure in 2018-19.
Budget 2018: Delhi Police, which maintains law and order in the national capital, has been allocated Rs 6,946.28 crore while Rs 1,750 crore has been allocated for the development of border infrastructure, amidst tension along the Indo-Pak and Sino-Indian borders.
Union Budget 2018: The government has proposed to allocate Rs 15 crore for setting up a mobile phone tracking system in the country that will bring down the number of counterfeit handsets and discourage theft, said the Union Budget document 2018-19.