Budget 2018: This is because the Union Budget 2018-19 has introduced long-term capital gains tax for equities; it has not cut the corporate tax for big turnover companies; and there is only marginal relief for the salaried class — Rs 40,000 standard deduction for transport allowance and reimbursement of miscellaneous medical expenses.
Budget 2018: The Budget has provided opportunities to new banking entrants like us to cater to under penetrated, yet high focused sectors of agriculture, affordable housing and MSME. We can see significant growth in lending to these sectors with increased allocation of funds under various schemes of MUDRA and NHB.
Budget 2018: A simple investment so far has now become much more complex as you will now have to manage your returns, too. Suppose your gain for a year is Rs 90,000 and you book the same, there’s no tax.
Budget 2018: The insurance cover of Rs 5 lakh could provide citizens a taste of how insurance products can protect their earnings and could lead them to reduce risks to safeguard other assets such as home and vehicle.
Budget 2018: Mumbai is headquarters to zonal railways– Central Railway and Western Railway– and railway projects are executed and implemented by the Mumbai Rail Vikas Corporation (MRVC), a joint venture of Railway ministry and state government.
Mumbai is headquarters to zonal railways– Central Railway and Western Railway– and railway projects are executed and implemented by the Mumbai Rail Vikas Corporation (MRVC), a joint venture of Railway ministry and state government.
Rail Budget 2018: Three poll-bound BJP-ruled states – Madhya Pradesh, Chhattisgarh and Rajasthan- have seen the highest growth in allocations in rail budget 2018-2019 as compared to the average outlay during 2009-2014 under UPA II regime, according to data provided by Railways today.
Railway Budget for Maharashtra 2018: To boost the Indian Railways network across Maharashtra, the government has announced some big projects. There has been a growth of 468% in Railway Budget allocation from an average of Rs 1,171 crores in 2009-14 to a total outlay of Rs 6,658 crore in 2018-19.
The government’s numerous measures to double farmer’s incomes by 2022 and the announcement to implement the ‘Universal Health Care Scheme’ were the major highlights of the Budget 2018 that can be game changers for India when implemented.
Budget 2018: After Finance Minister Arun Jaitley introduced Long Term Capital Gains Tax on equities in Union Budget 2018, investors would be on the lookout for various strategies to minimise their tax outflow, top fund managers point out that it would be imprudent to sell away all holdings.
The Railway Budget 2018 presented on February 1, which saw the highest ever capital expenditure of Rs 1.48 lakh crore, has set an ambitious target of attaining an operating ratio of 92.8 per cent for financial year 2018-2019, says Alstom.
Budget 2018: The deferral of fiscal consolidation roadmap has left the task of strengthening weak public finances to the next government after the 2019 general elections, Fitch Ratings said today. The target for current fiscal was missed largely because of higher expenditure, Fitch said.
Budget 2018: After Finance Minister Arun Jaitley presented Union Budget 2018 on February 1, Motilal Oswal says that the government has blended pragmatic economics and electoral populism and delivered a budget that places Rural and Agricultural India at the center.
Budget 2018: After Finance Minister Arun Jaitley introduced LTCG tax on equities in Union Budget 2018, leading to a negative sentiment in the stock markets, Rashesh Shah of Edelweiss Securities says that the investors should not get too perturbed by it.
Budget 2018-19 has gone a step further: It clarified that foreign companies in specified infrastructure sectors, which operate in the country with permanent establishment (PE) — read branch offices — but are under Section 44BB, given the facility of paying tax on a presumptive income basis won’t have to dread MAT.
Budget 2018: Finance secretary Hasmukh Adhia has already gone on record to state that if crude hardens, the government would indeed consider cutting the excise duties on petrol and diesel to give relief to consumers and avoid a spike in inflation.
Budget 2018: Speaking to an industrialist at a post-Budget event, Chandra said some companies have been arriving at highly exaggerated valuation where a share worth Rs 10 was being purchased at Rs 10,000 without any proper valuation.
Budget 2018: In many ways this Budget 2018 was a surprise. There was a general speculation on the usual issues like tax limit for salaried employees and tinkering with commodity tax rates.
Budget 2018: It is said that an acceptable level of unemployment means that the government economists, to whom it is acceptable, still have a job.
Budget 2018: Finance minister Arun Jaitley in the Union Budget has announced setting up of a dedicated Affordable Housing Fund (AHF) with the National Housing Bank.
Budget 2018: The government’s stress on developing the nation’s infrastructure was a key point in the Budget 2018-19 presented by finance minister Arun Jaitley.
Budget 2018: Four years ago when the country and the economy were going through one of its toughest times, the BJP stormed to power on the promise of development and ‘achhe din’.
Budget 2018: The Budget proposes a number of interventions, but a close look at the allocations does not convince anyone that there are qualitative difference from the past.
Budget 2018: The Union Budget 2018, presented by finance minister Arun Jaitley, can be seen as a populist one, catering to the needs of the common man and the economy.
Budget 2018: The reintroduction of the long-term capital gains (LTCG) tax on equities may dampen some froth, but if the real economy stays strong, the impact of the tax may just be a little extra revenue for the government.
Budget 2018: But what the finance minister appears to have suggested in his Budget speech, when he said they have already given at least 50% margin in rabi crops, is that they have covered Cost A2, or may be Cost A2+FL, as MSPs are still lower than Cost C2.
Budget 2018: If the flagship National Health Protection Scheme to cover 10 crore poor and vulnerable families with up to Rs 5 lakh per family per year for secondary and tertiary care hospitalisation is properly implemented and monitored, we would have taken an important step towards creating a Swasth Bharat.
Budget passed in Lok Sabha without discussion; Finance bill, Appropriation bill passed by voice vote
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