The benefits to the MSMEs would be much lower than what the Budget speech shows. In fact, that’s the general trend in the Budget; the FM has talked about many good things- from rejuvenating rural India to universal health coverage to doubling farmers’ income. But when it came to fund allocations...
PrefaceThe Union Budget 2018-19 which held humble expectations and was the first post-GST and the last full Budget of the Government led by Prime Minister Narendra Modi before the country goes to polls in 2019 was widely expected to be rural centric and was bang on expectations, the budget laid emph...
This is the second year that the rail budget has been merged with the Annual Budget of the government of India. This is why the railway sector has lost its prominence as a matter of discussion. Harindra Rao, General Manager, the Eastern Railways, said that matters like introduction of new trains and...
The Finance Bill, 2018 ( Bill No. 4 of 2018 ) was presented in Parliament by the Finance Minister on February 01, 2018, to give effect to the financial proposals of the central government for the Financial Year, 2018-19. The main object of the Finance Bill relating to Direct Tax is to amend the Inco...
Agriculture and the rural economy was the first subject on which the Union Finance Minister Arun Jaitley focused in his budget speech. He outlined a slew of measures to boost agricultural production and the rural economy, announcing new projects as well as enhanced support for existing schemes to th...
Indian Finance Minister Arun Jaitley, while placing the Union Budget 2018, said, “Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 lakh crore against estimated expenditure of Rs 1.22 lakh crore in comparison t...
Arun Jaitley in his Budget speech stated that the government has made many positive changes in the personal income-tax rates for individuals in the last three years and there would be no changes to the individual income-tax rates. Based on data of tax paid for financial year 2015-16, Jaitley called ...
The approach and content of an annual budget of an economy depends on the existing context of both internal and global economic situations. The present global economic situation is being more and more favourable. At present, most of the European economies are doing well, similarly Japan. Considering...
In India two annual publications present the assessment of the economy for the policy makers’ hindsight – Economic Survey (prepared by the Chief Economic Advisor of the Ministry of Finance) and RBI Annual Report (prepared by the Governor of the Reserva Bank of India). Actually both these reports...
This year’s budget has primarily focused on three key sectors namely agriculture, healthcare and infrastructure. The proposed plan of the government to provide 10 crore poor and under-privileged people with medical treatment coverage of up to Rs 5 lakh is indeed a laudable step.The general e...