Budget 2018: Why salaried women should cheer and others need to worry. Finance Minister Arun Jaitley while presenting the Budget speech for the financial year 2018-2019, once again reinforced Prime Minister Narendra Modi’s vision for women empowerment.
Not only did he offer free LPG connections to 80 million women below the poverty line, but also lowered women’s contribution for Employees Provident Fund (EPF) to eight per cent from 12 per cent earlier. This means that if a woman, for instance, earns Rs 50,000 per month or Rs 600,000 per annum, she would have to pay Rs 4,000 instead of Rs 6,000 earlier. The take-home pay for her would increase by Rs 2,000 per month or Rs 24,000 annually.
The move will aid women in taking more money home besides encouraging them to join the formal employment sector. “Women workers’ contribution towards EPF will be reduced to eight per cent for the first three years, without employer’s contribution being reduced. But other taxpayers should be worried. Budget 2018: End of the road for cryptocurrencies in India? Investors who were looking for some kind of legitimization for cryptocurrencies in India will be disappointed with the Budget.
In his Budget speech Finance Minister Arun Jaitley stated that the Government of India doesn’t recognise cryptocurrencies as legal tenders. He further stated that the Government will take all measures necessary to stop usage of these virtual currencies in financing illegitimate activities or as part of the payments system. Few weeks before the Budget, the Finance Minister had advised people against the usage and investing in cryptocurrencies after equating them with Ponzi schemes.
Although no specific ban on Bitcoin or any other cryptocurrency was mentioned in the Budget speech but what is likely to cause concern amongst cryptocurrency users and investors in the fact that the FM categorically mentioned that the government will take steps to eliminate the usage of the same. Government Regulations and Cryptocurrencies in India.
Live Budget 2018: Union Budget 2018-19 India Highlights, Latest News & Updates. Union Budget 2018 Live Finance Minister Arun Jaitley Full Speech. As Finance Minister Arun Jaitley gets set to present Budget 2018, the last full Union Budget of the Narendra Modi-led central government in its present term, there is an anticipation that he will somewhat shed his prudent stance in favour of a more populist stance one.
The view emanates from the fact that this will be the finance minister’s last chance to please the voters through a Budget 2018 before 2019 general elections. Populism in the government’s annual budget could assume policy decisions like lower tax rate for the salaried class, lower corporate tax rates in tune with Trump’s benevolence for the corporate class in the US and big bonanzas for India’s farmers. If the Economic Survey, prepared by Chief Economic Advisor Arvind Subramanian and his team is anything to go by, Jaitley has all the ammunition that he needs to sound the election bugle for 2019 with this Budget.
All he needs to do is lock, load and fire. Budget 2018 : Live News and Updates on Union Budget 2018 India. Live Budget 2018: Union Budget 2018-19 India Highlights, Latest News & Updates. Budget 2017: Budget 2017 wishlist: Five expectations from the infrastructure sector. Breaking News - The Budget session of Parliament was on Saturday convened to start from January 31, a day before the Union Budget is likely to be presented.
President Pranab Mukherjee has summoned the Rajya Sabha to meet on January 31, an official notification said. A similar notification is also expected from the Lok Sabha secretariat. While the session will begin with the President's address to the joint sitting of the two Houses, the same day the pre-Budget economic survey will be tabled. Budget 2017: Budget 2017 wishlist: Expectations from the real estate sector. Breaking News - The Budget session of Parliament was on Saturday convened to start from January 31, a day before the Union Budget is likely to be presented.
President Pranab Mukherjee has summoned the Rajya Sabha to meet on January 31, an official notification said. A similar notification is also expected from the Lok Sabha secretariat. While the session will begin with the President's address to the joint sitting of the two Houses, the same day the pre-Budget economic survey will be tabled. Budget 2017: Budget 2017 should focus on preventive, promotive healthcare: Mehta of PwC. Breaking News - The Budget session of Parliament was on Saturday convened to start from January 31, a day before the Union Budget is likely to be presented.
President Pranab Mukherjee has summoned the Rajya Sabha to meet on January 31, an official notification said. A similar notification is also expected from the Lok Sabha secretariat. While the session will begin with the President's address to the joint sitting of the two Houses, the same day the pre-Budget economic survey will be tabled. The practice of separate railway Budget 2017 presentation is being scrapped from this year.
Budget 2017: Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit. Breaking News - The Budget session of Parliament was on Saturday convened to start from January 31, a day before the Union Budget is likely to be presented.
President Pranab Mukherjee has summoned the Rajya Sabha to meet on January 31, an official notification said. A similar notification is also expected from the Lok Sabha secretariat. Budget 2017 wishlist: Five expectations from the infrastructure sector. The Union Budget 2017 is expected to give an impetus to infrastructure sector in order to boost industrial growth amid global slowdown and lower corporate spending at home.
A Business Standard report said Finance Minister Arun Jaitley might announce a third straight year of record capital spending, which could be 12-14% higher than the 2016-17 Budget Estimates of Rs 2.47 lakh crore. That would put the 2017-18 capital expenditure at nearly Rs 2.8 lakh crore. From more avenues to fund stuck projects, tax holidays to discount in lending rates, below are five things that Sandeep Upadhyay, Managing Director & CEO, Centrum Infrastructure Advisory expect from the Budget 2017. The source of financing infrastructure projects needs to be subsidised vis-a-vis funding other sectors. Budget 2017 wishlist: Expectations from the real estate sector. Industry size: India’s real estate market is expected to touch $180 billion by 2020Source: India Brand Equity Foundation Employment figure: The Indian real estate sector has backward and forward linkages to approximately 265 ancillary industries.
It employs over 50 million people. In India, real estate is the largest employer after agriculture and is slated to grow at 30 per cent over the next decadeSource: National Skill Development Corp. Farm insurance, credit access schemes expected in Budget 2017: Kakra of PwC. Budget 2017 should focus on preventive, promotive healthcare: Mehta of PwC. Emphasising that expenditure on public health in the country was quite low, Rana Mehta, partner and leader (healthcare), PwC said the government needed to focus on preventive and promotive care.
Mehta also stressed on the need for a robust medical fraud detection engine as part of the insurance claims process. He was responding to questions on a Business Standard live chat on what should be expected from the coming Budget for improving health care in the country. Excerpts: How should government spending on healthcare be increased? Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit. The Union Budget this year seems particularly important in the aftermath of the India’s biggest decision of 2016 – demonetisation and preceding elections in UP. A recent report by Ambit capital suggests that Union Budget is likely to be focussed primarily on reinforcing the ‘black money crackdown’ theme with a secondary focus on delivering token payments to the poor as well as income tax cuts. According to the report by the brokerage firm, the government is expected to announce an ‘anti-rich’ budget with a secondary focus on: delivering token payments to the poor; and tax cuts for the middle class.
Arun Jaitley likely to take the stimulus route to economic growth. GST now set for July 1 roll-out, dual control hurdle finally over. Budget 2017 wishlist: Expectations from the real estate sector. World's most powerful passports: Germany tops list, India at a lowly 78. IIM-A forays into online education with e-PGP for working executives. India ranks 60 on inclusive development, even below Pakistan. R-Jio, Airtel spar over interconnect issue again. Goodbye Gandhian socialism: BJP with Conservative, Christian democrats?
BSE sets initial public offering at Rs 805-806 band, may raise Rs 1243 cr. GST now set for July 1 roll-out, dual control hurdle finally over. Now, you can withdraw up to Rs 10,000 in a day from an ATM. World's richest 8 men own same wealth as 3.6 billion: Study. After 22 hrs of questioning, prosecutors seek arrest of Samsung chief. Is FIFA expanding the football World Cup for the good of the game? Time to end tax havens: Richest 1% own 58% of India's total wealth. Obama's legacy in science, technology and innovation. Watch Video: Jio Filmfare Awards: From Aamir to Alia, here are the big winners. Battery was main cause of Sasung's Galaxy Note 7 fires - source. AirAsia announces one-way tickets at as low as Rs 99 on select routes.
Top 5 biggest life insurance myths. BSE sets IPO price band at 805-806 rupees per share, scheduled for Jan 23. BSE sets IPO for January 23-25, to raise Rs 1,350 crore. Mahatma Gandhi replaced by Modi on 2017 Khadi calendar, employees protest. Bolt, Ronaldo, Murray nominated for World Sportsman of the year. Snapchat to introduce new features in app ahead of IPO. When Obama made Joe Biden cry! Watch video. With a price tag of Rs 1,000, RJio's 4G VoLTE phones can disrupt the market.
3 reasons why the Sensex rallied 486 points on Budget 2017 day. Budget 2017 highlights Modi govt's agenda of transform, energise and clean. CBSE won't conduct exams anymore. No more gloom as Budget 2017 gives people many reasons to cheer: Know how. Budget 2017: Full text of the Explanatory Memorandum to Finance Act 2017. Budget 2017: Finance Bill. Budget 2017-18: Railway companies to be listed on stock market. Read full text of Finance Minister Arun Jaitley's Budget 2017 speech.
Cash dealings above Rs 3 lakh banned from April 1: Jaitley. Highlights of Jaitley's fiscally prudent Budget 2017. Budget 2017: No service charge on online rail tickets. Big relief to middle class! I-T rate for Rs 2.5 lakh to Rs 5 lakh annual income bracket halved to 5% Welcome stress on fiscal responsibility in Budget, reflected in fiscal deficit, borrowing level and revenue deficit. @bsindia on #Budget2017 pic.twitter.com/AVQVJw7PpL— Business Standard (@bsindia) February 1, 2017 Corporation tax reduced to 25% for companies with revenues of less than Rs 50 cr a yearPropose to reduce existing rate of taxation of those with income between 2.5 lakh to 5 lakh from 10% to 5%: FM @arunjaitley #Budget2017 pic.twitter.com/zVLbBxuymb— Business Standard (@bsindia) February 1, 2017 Personal income tax: tax rate reduced to 5% from 10% for those in Rs 2.5-5 lakh bracketBudget Reaction: Draft medical devices rules have been in vogue for quite some time already.
It is encouraging to see that the government will seek to introduce some regulations in the coming year: Anand Mehta, Partner, Khaitan & CoNo corporate tax reduction for large companies.What does it mean? BUDGET LIVE: Budget on schedule, Arun Jaitley leaves for Rashtrapati Bhawan. SECTORS TO WATCH: Agri-related spending increase would be positive for Fertilisers, Consumer Staples, Tractors and 2Ws. 4) A reduction in personal tax rates could benefit Consumer Discretionary and Autos. 5) Higher infra spending would be positive for Cement, Roads, Railways, Logistics and CVs.SECTORS TO WATCH: Where the government spends more, with or without 'stimulus', will have different sectoral implications. 1) Any fiscal transfers to Jan Dhan accounts or move towards "Minimum Basic Income" would be positive for Consumer Staples. 2) Greater focus/spend on Housing would be positive for cement, consumer discretionary, home improvement and financiers.Sensex opens marginally higher, Nifty still below 8,600 ahead of the Union Budget.
1.4 lakh villages, 450 cities declared open defecation free: President. Discuss, debate but do not disrupt: Govt. to opposition on Budget Session. Budget Session Live: President outlines govt's vision, says it's committed to inclusive growth. The government is committed to providing the Divyang jan equal opportunities for development: PresidentFourteen different sectors have been identified under the Vanbandhu Kalyan Yojana for the empowerment of tribals: President Implementation of the 7th Pay Commission has benefitted 50 lakh employees and 35 lakh pensioners: PresidentUniversal Account Number has ensured portability of EPF accounts and has safeguarded the interest of crores of workers: PresidentSeveral measures have been taken for the welfare of the shramik, says PresidentShram-eva jayate is one of the foremost guiding principles of my government, says PresidentPresident outlines government's vision ahead of Budget Session, says it is committed to inclusive growth India's greatest strength- India's youth. pic.twitter.com/2ILFVPp6iR — PMO India (@PMOIndia) January 31, 2017 The government has given a befitting reply to the incursions on our territorial land.
Six expectations of banking sector from Budget 2017. 'Budget 2017 must focus on housing, infrastructure for pro-poor thrust' Budget 2017: Arun Jaitley may hike service tax to 16-18% Statsguru: Budget expectations. Budget 2017 : India Union & Railway Budget 2017 News, Live Updates, Result & Highlights. Consumption, Employment, Growth: Three-point agenda for Budget 2017. Budget 2017: Measures that could impact markets. Budget 2017: What may be in store for IDBI Bank stock. Consumption, Employment, Growth: Three-point agenda for Budget 2017. Budget 2017: Measures that could impact markets. Nifty's one week pre-budget rally biggest compared to last 9 budgets. Investors brace for transaction tax hike, less friendly Budget 2017.
Budget 2017: Last stretch or a turning point? – Medium. Post demonetisation, expectations of measures to boost demand are high: Gautam Chhaochharia Budget 2017: Our discussions with investors and commentary in the local press suggest a near impossible mix of expectations building up from the Budget again. Post demonetisation, expectations of measures to boost demand are high — in the form of personal income tax cuts and higher social spending especially targeted at lower income population.
Hopes of government further supporting a languishing capex cycle remain intact — our view remains public capex role in capex cycle is limited. Allowances component of Pay Commission (0.2% of GDP possibly) may also need to be provided. Of course, most global investors hope for macro stability and local investors presume sustained low interest rate regime — needs fiscal discipline continuity. Historically, equity markets haven’t necessarily done much before or after Budget, though there have been more instances of higher positive returns one-month post.
Budget 2017: Last stretch or a turning point? Budget 2017: Our discussions with investors and commentary in the local press suggest a near impossible mix of expectations building up from the Budget again. Post demonetisation, expectations of measures to boost demand are high – in the form of personal income tax cuts and higher social spending especially targeted at lower income population. Hopes of government further supporting a languishing capex cycle remain intact – our view remains public capex role in capex cycle is limited. Allowances component of Pay Commission (0.2% of GDP possibly) may also need to be provided. Budget 2017: Last stretch or a turning point? - Jessica Blogger. Budget 2017: The 2017-18 budget is an opportunity for the government to concentrate on improving school education for over 260.5 million children who enrolled in elementary and secondary school in 2015-16–children who will form the core of India’s working-age population, one billion by 2030, the largest in the world.
“Business as usual” will not solve the problem, submitted Pratham, an education nonprofit, in a pre-budget consultation with India’s finance ministry. Budget 2017 : India Union & Railway Budget 2017 News, Live Updates, Result & Highlights. Budget 2017: Crisis and opportunities in education sector - Jessica Blogger. Budget 2017: Crisis and opportunities in education sector. Budget 2017: The 2017-18 budget is an opportunity for the government to concentrate on improving school education for over 260.5 million children who enrolled in elementary and secondary school in 2015-16–children who will form the core of India’s working-age population, one billion by 2030, the largest in the world.
“Business as usual” will not solve the problem, submitted Pratham, an education nonprofit, in a pre-budget consultation with India’s finance ministry. “Unless major shifts are undertaken on an urgent basis to build children’s foundational skills, we are losing huge opportunities each year for improving the life chances of an entire generation of children and youth in this country,” the consultation note added. Budget 2017: Crisis and opportunities in education sector - Medium.
The school education and literacy budget increased 3.2% in 2016–17. Sebi wishlist for Budget 2017: Here are the key points. The regulator has recommended lowering the STT for tax trading Ahead of Budget 2017, the capital market regulator Securities and Exchange Board of India (Sebi) has sent its list of recommendations to the Finance Ministry. Sebi has asked the government to encourage stock trading and investments in mutual funds by easing tax rules.
The regulator has also recommended lowering the securities transaction tax (STT) for tax trading and a slew of other measures, a report published in Economics Times said. Budget 2017: Sebi wishlist for Budget 2017: Here are the key points. Sebi wishlist for Budget 2017: Here are the key points – Jessica D'silva. Ahead of Budget 2017, the capital market regulator Securities and Exchange Board of India (Sebi) has sent its list of recommendations to the Finance Ministry. Sebi has asked the government to encourage stock trading and investments in mutual funds by easing tax rules. The regulator has also recommended lowering the securities transaction tax (STT) for tax trading and a slew of other measures, a report published in Economics Times said. Lower STT for trading Increase limit for tax-saving equity mutual fundLTCG on debt mutual fundsHarmonise rules for debt mutual fund, debt securitiesELSS and tweak tax laws The regulator has suggested the ministry to increase ELSS investment limit to Rs 2 lakh from Rs 1.5 lakh under section 80C.
Budget 2017 wishlist: Five expectations from infrastructure sector. Finance Minister Arun Jaitley might announce a third straight year of record capital spending. Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit. A recent report by Ambit capital suggests that Budget may be focused on black money crackdown' The Union Budget this year seems particularly important in the aftermath of the India’s biggest decision of 2016 – demonetisation and preceding elections in UP. Budget 2017 should focus on preventive, promotive healthcare: Mehta of PwC. Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit.
Budget 2017 should focus on preventive, promotive healthcare: Mehta of PwC. Budget 2017 wishlist: Expectations from the real estate sector. Budget 2017 wishlist: Expectations from the real estate sector. Budget 2017 wishlist: Five expectations from the infrastructure sector. Budget 2017: If Budget sounds Greek to you, this could help.
Interesting facts about the Budget. Interesting facts about the Budget – Jessica Dsilva. SC sticks to Feb 1, says no delaying Budget till after polls. Interesting facts about the Budget – Jessica D'silva. Budget 2017: SC sticks to Feb 1, says no delaying Budget till after polls. If Budget sounds Greek to you, this could help. Budget 2017: Interesting facts about the Budget.