Tag: Budget
17 Results
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The right direction, but less than ideal
The common man struggling with the problems arising post demonetisation, had been expecting a lot from the Budget for 2017-18. From that angle, budget seems to have been an underachiever. Income tax exemption limit remained same, though the rate was halved and those with income of Rs.5 lakh got a relief of Rs.12,500. For more …
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February 16, 2017 -
‘National pension plan to get boost in 2017-18’
Expecting a hike in National Pension Scheme (NPS) subscribers, Pension Fund Regulatory and Development Authority (PFRDA) chairman Hemant Contractor on Wednesday said the Budget announcements will support the pension plan. "We are expecting a major boost in the number of NPS subscribers in the private sector,” Contractor said here. It will happen because “in the …
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February 15, 2017 -
Focus of Budget is on tax compliance: CBDT
The Union Budget 2017-18 focuses on increasing tax compliance while at the same time safeguarding the honest tax payers from any harassment, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said on Monday. "The budget this year focuses on the clarity and certainty of the tax laws, while at the same time endeavouring to make …
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February 6, 2017 -
Budget that ignores people’s distress
At a time when there was compelling need for a bold and path-breaking budget to bring relief to tens of millions of people adversely affected by demonetisation, the NDA government has come up with an ordinary, business-as-usual budget which fails to meet expectations of people and the needs of the economy in very critical times. …
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February 5, 2017 -
Ensure full debate
It would be unfair to suggest that in the first “merged” budget speech the finance minister accorded limited attention to the Railways. Yet now that the iron-horse no longer commands an exclusive budget it is imperative that both Houses of Parliament have their customary lengthy discussions on the working of the national “lifeline”. And not …
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February 5, 2017 -
‘Right-size’ riddle
To be fair to the defence establishment, even before the finance minister presented some worrisome figures in his budget it was alive to the unsustainable gap between revenue and capital expenditure in the defence allocations. Though there have been previous attempts at reducing manpower ~ “right-sizing” is the term now preferred over “down-sizing” ~ the …
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February 3, 2017 -
Forces ‘mark time’
After their surgical strikes across the LOC had been fully exploited as a political scalpel, the armed forces had hoped they would be rewarded in the shape of budgetary provisions aimed at honing their cutting edge. Yet the financial blueprint presented in Parliament on Wednesday points to a reluctance of Modi sarkar to put its …
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February 2, 2017 -
Lacklustre show
With a run-of-the-mill budget, an overcautious finance minister appears to have frittered away a historic opportunity to change the way India does business. Given that the bold gamble of demonetisation has paid off in more ways than one could foresee, the FM could have rewritten the way India’s economic administration works. Those who suffered the …
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February 1, 2017 -
‘Budget to have positive impact on job market’
The budget is expected to bring positive impact on job market as the focus on infrastructure and ease of doing business is aligned with the government's vision of job creation, experts say. The government's focus on digitatisation, transparency in governance & politics, upliftment of women & youth, quality of education, rural India is evident in …
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February 1, 2017 -
Budget a damp squib, lacks clear vision, says Rahul Gandhi
Congress Vice-President Rahul Gandhi on Wednesday ridiculed the Union Budget 2017-18 calling it a "damp squib" that lacked vision. "We were expecting fireworks, instead got a damp squib. The budget lacked vision," Rahul Gandhi told the media. The Gandhi scion accused Finance Minister Arun Jaitley's Union Budget of having “no clear vision” as he attacked …
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February 1, 2017 -
‘Rs.2,000 is maximum cash donation to political parties’
Stressing the need for greater transparency in political funding, Finance Minister Arun Jaitley on Wednesday said the maximum amount of cash donation by an individual to a political party could be Rs 2,000 — a sharp drop from the Rs 20,000 amount in cash earlier. Presenting the Union Budget for 2017-18, Jaitley said political parties …
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February 1, 2017 -
Railway Budget: Demands and expectations
With less than 48 hours to go for the Union Budget along with the merged Railway Budget for the year 2017-18, expectations are bound to rise. While most of the Railways Divisions under different zones have already sent their wish lists and demands by now, what actually makes it to the final budget will be …
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January 30, 2017 -
Nifty pauses for breath post 4-day surge; awaits budget
Stocks paused for breath on Monday as traders digested a 4-day advance on the main benchmark and investors worked the math in a market that is trading at fresh 13-week highs. The market is consolidating at current levels as it awaits the annual budget for next financial year on February 1st. Indian markets are already …
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January 30, 2017 -
Budget to be tough exercise post-note ban: Assocham
Notwithstanding the high expectations of cuts in corporate and income tax rates in Wednesday's first Union Budget post-demonetisation, Finance Minister Arun Jaitley will have his task cut out owing to the stress the small scale and rural sectors have felt, as well as the possible impact of implementing GST, industry chamber Assocham said on Sunday. …
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January 29, 2017 -
‘Indian nuclear sector doesn’t expect budget bounty’
After getting a firm commitment of Rs.3,000 crore allocation over the next two decades for atomic power projects in the last Union Budget, the nuclear power sector is not expecting anything new in the upcoming 2017-18 budget, said the Atomic Energy Commission chief. "Unlike other industries, we do not have any new expectations from the …
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January 29, 2017 -
Sensex, Nifty close higher for 4th-straight day; ITC, Wipro decline
Keeping aside lower opening of European equity markets, domestic bourses continued their winning streak for fourth-straight session amid pre-budget buying pressure. The Sensex at the Bombay Stock Exchange (BSE) ended 174 points higher at 27,882 and the Nifty at the National Stock Exchange (NSE) closed 39 points up at 8,641. In the broader markets, BSE …
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January 27, 2017 -
FM may slash taxes, lack of indirect-tax data may make it tough
Battling slump in demand after shock demonetisation, Finance Minister Arun Jaitley may look to spur consumption through lower taxes in next week's Budget, but he faces a peculiar situation as precise projections of indirect tax collection in 2017-18 are unavailable due to GST. Finance ministers usually weave around their welfare spending proposals based on projections …
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January 26, 2017