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.
Budget 2018 has evoked a plethora of reactions in international media. Noted global media houses covered India’s Budget 2018 extensively and discussed how the Modi government will fulfill promises made by Finance Minister Arun Jaitley.
Union Budget 2018: The focus on the rural sector in Budget 2018-19 was a clear indication that the BJP-led government was alarmed by the Gujarat poll result and realised that the rural population was moving away from it, the Shiv Sena said today. The saffron party, in an editorial in its mouthpiece ‘Saamana’, also said Finance Minister Arun Jaitley had had merely repackaged old schemes as new in his budget presentation yesterday.
Budget 2018: Former Prime Minister and economist Manmohan Singh has found little merit in the Union Budget of India 2019 presented by Finance Minister Arun Jaitley on Thursday.
Budget 2018: 2017 was a year of transformation for the real estate sector, legislatively. In the wake of the Real Estate (Regulation and Development) Act, 2016, Goods and Services Tax, and a number of other factors working in favour of the real estate sector (such as reduction in interest rates), expectations of the industry from the Union Budget 2018 were high.
Budget 2018: Just day after Finance Minister Arun Jaitley presented budget 2018 in the Parliament, ratings agency Fitch has warned India saying that its high debt burden plays obstacle to rating upgrade. On the budget day Arun Jaitley had said in his speech that IMF has made forecast in its latest update that India will grow at 7.4 percent next year.
When Finance Minister Arun Jaitley said, ‘I do not propose to make any further change in the structure of the income tax rates for individual’, in his Budget 2018 speech, it left the middle-class sulking. But Arun Jaitley defended his decision, and so did some of the experts.
Budget 2018: The RSS-affiliated Swadeshi Jagran Manch has cautioned the government against engaging foreign insurance companies for providing health cover to the poor under a flagship programme announced in the Union budget. Finance Minister Arun Jaitley announced the world’s largest government-funded health care programme in his Budget 2018 speech yesterday.
Budget 2018: After Finance Minister Arun Jaitley provided the much needed rural infrastructure boost, by hiking of agricultural credit target for the next fiscal by Rs 1 lakh crore to Rs 11 lakh crore while aiming to increase farmers income by 1.5 times, top brokerages from Motilal Oswal and IDFC said that the government has done well by blending pragmatic economics and electoral populism.
Budget 2018: The Union Budget 2018 presented by the Finance Minister in Parliament, has been a landmark Budget. The said Budget has looked at various kinds of allocation in different sectors. Of particular importance is the fact that Budget 2018 has recognized the significance of digital economy.
Budget 2018 has focused primarily on incentivizing the agricultural sector and bringing in reforms for benefiting farmers. There has been certain relief to salaried employees and micro, small and medium enterprises as well.
LIVE Budget 2018 impact, reactions, analysis: Finance Minister Arun Jaitley’s last full budget before General Elections 2019 has received mixed reactions from experts, industry and political parties.
Budget 2018: The much awaited Union Budget 2018 was delivered by the Finance Minister, Mr. Arun Jaitley, today. While it was expected to be a people-pleasing budget, being the final budget pre-election, it focussed more on the poor people. In so much so, it did not do much to save companies undergoing insolvency proceedings from becoming bankrupt, the “poor” amongst companies.
Budget 2018: Even as the equity markets turned jittery on Thursday, after the introduction of long term capital gains tax for profits on equities exceeding Rs 1 lakh, Finance Minister Arun Jaitley said that it was a tough call for the government, and the move had been pending for years.
Budget 2018: Some were curious to see how the Goods and Service Tax amendments would pan out as this was the first budget after the roll out of a seminal yet maiden tax regime. Excise duties (to a large extent) and service tax have been subsumed in GST, along with corresponding duties on imports.
Budget 2018: The non-employee subscribers, interested in investing in NPS, must be feeling escalated with the Finance Minister proposing 40 percent exemption of the total amount payable to the pension scheme subscriber on closure of his account or withdrawing his case. It ensures that the non-salaried people now come at par with the salaried individuals, after budget 2018.
Budget 2018: Nothing is more powerful than an idea whose time has come. With the total market capitalization of the cryptocurrency universe at more than USD 500 Billion, many are wondering whether these digital currencies represent that big idea.
Union Budget 2018: Finance Minister Arun Jaitley in his speech in Lok Sabha on Thursday made many references to the advancements in the field of technology made by Narendra Modi government.
Budget 2018: After providing a big boost to agriculture and rural infrastructure push by hiking of agricultural credit target for the next fiscal by Rs 1 lakh crore to Rs 11 lakh crore while aiming to increase farmers income by 1.5 times in Union Budget 2018, Arun Jaitley said that the government wanted to provide thrust to areas that need its support.