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2017 budget

India's fiscal deficit reaches 91.3% of full-year target in September

India's fiscal deficit reaches 91.3% of full-year target in September

Tue, Oct 31, 2017

India reported fiscal deficit of 4.99 trillion rupees ($77.09 billion) for April-September or 91.3% of the budgeted target for the current fiscal year that ends in March 2018. The deficit was 83.9% of the full-year target during the same period a year ago.

Budget allots Rs 1.84 lakh crore to women, child welfare in FY18

Budget allots Rs 1.84 lakh crore to women, child welfare in FY18

Wed, Feb 01, 2017

For the welfare of women and children under various schemes across all Ministries, Finance Minister, Arun Jaitley, in his budget speech on Wednesday said that the allocation has been increased to Rs 1,84,632 crores in 2017-18.

Not a replacement but an add-on to social programmes; Universal Basic Income explained

Not a replacement but an add-on to social programmes; Universal Basic Income explained

Tue, Jan 31, 2017

The proposal for the provision of a Universal Basic Income (UBI) in the Economic Survey document began with quotes by Mahatma Gandhi.

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Economic Survey: Eight interesting facts about India

Economic Survey: Eight interesting facts about India

Tue, Jan 31, 2017

The flagship annual document of the Ministry of Finance was released on Tuesday by Finance Minister Arun Jaitley and Chief Economic Advisor, Arvind Subramanian who held the press conference thereafter. Here are eight facts about India that were revealed in the survey.

Inter-state labour migration increases to 9 million; Goa, Maharashtra among popular choice: Economic Survey

Inter-state labour migration increases to 9 million; Goa, Maharashtra among popular choice: Economic Survey

Tue, Jan 31, 2017

New estimates of labour migration in India revealed that inter-state labour mobility was significantly higher than previous estimates, Ministry of Finance said while presenting the Economic Survey on Tuesday.

Economic Survey: Has the government spread enough JAM across India?

Economic Survey: Has the government spread enough JAM across India?

Tue, Jan 31, 2017

Jan Dhan, Aadhaar, Mobile have been in focus for a period of two years now and it was one of the central themes of last year’s economic survey.

Railway budget: Officials pin hopes on Rs 20,000 crore safety funds

Railway budget: Officials pin hopes on Rs 20,000 crore safety funds

Mon, Jan 30, 2017

With the increased number of railway accidents and mishaps that took place in 2016, railway officials are pinning their hopes on ‘safety’ funds to be allocated to the Indian Railways.

SAIL seeks removal of cess on coking coal in Budget

SAIL seeks removal of cess on coking coal in Budget

Sun, Jan 29, 2017

Ahead of the Union Budget, country's largest steel maker SAIL today said it expects the removal of clean energy cess on coking coal and reduction of import duty on metallurgical coal as the steel industry is reeling under high raw material costs pressure.

Finance Minister may hike service tax to 16-18% in Budget

Finance Minister may hike service tax to 16-18% in Budget

Sun, Jan 29, 2017

Finance Minister Arun Jaitley may hike service tax rate to 16-18 % from the current 15 % in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout.

Budget expectations: Women seek cheaper essential goods, healthcare

Budget expectations: Women seek cheaper essential goods, healthcare

Sun, Jan 29, 2017

Tax relief on essential commodities and services, and maternal and medical benefits are some of the expectations of women from Finance Minister Arun Jaitley, who is set to unveil the budget for fiscal 2017-18 on February 1.

Lower fees, cheaper gadgets, jobs: Young India's budget expectations

Lower fees, cheaper gadgets, jobs: Young India's budget expectations

Sun, Jan 29, 2017

Curtailment of education fees, cheaper electronic gadgets and more focus on jobs are some of the expectations Young India has from the budget for fiscal 2017-18 that Finance Minister Arun Jaitley will table in parliament on Wednesday.

E-commerce players seek sops on digital transactions in Budget

E-commerce players seek sops on digital transactions in Budget

Wed, Jan 25, 2017

With the government`s emphasis on a less-cash economy, stakeholders in the country`s digital space have sought incentives in the upcoming Union Budget on February 1. The incentives would help to promote e-commerce -- an essential component of non-monetary transactions, they said.

Budget 2017: Looking forward to clarity in FDI norms in retail for level playing field, says RAI CEO Rajagopalan

Budget 2017: Looking forward to clarity in FDI norms in retail for level playing field, says RAI CEO Rajagopalan

Tue, Jan 24, 2017

Head of the apex body of Indian retailers, Kumar Rajagopalan, CEO, Retailers Association of India on Monday said that he was awaiting clarity in foreign direct investment (FDI) norms in the sector.

Budget 2017: 8-10% cigarette tax, rural stimulus imminent, says FMCG experts

Budget 2017: 8-10% cigarette tax, rural stimulus imminent, says FMCG experts

Sun, Jan 22, 2017

The upcoming budget has all eyes turned to how the government will calm the seas after the demonetisation and Goods and Service Tax (GST) storm in 2016.

Finance Ministry finalising fund infusion for PSBs to exceed Rs 25,000 crore

Finance Ministry finalising fund infusion for PSBs to exceed Rs 25,000 crore

Sun, Jan 15, 2017

The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.

Assocham calls for a Budget that revives economy post note-ban

Assocham calls for a Budget that revives economy post note-ban

Sun, Jan 15, 2017

Industry chamber Assocham on Sunday appealed to political parties to ensure that the Union Budget for fiscal 2017-18 to be presented to Parliament on February 1 aids the revival of economic sentiment at a time of depressed demand and investment.

Government may lose Rs 25,000 crore if it moves income tax slabs

Government may lose Rs 25,000 crore if it moves income tax slabs

Wed, Jan 11, 2017

Finance Minister, Arun Jaitley’s stance on levying income tax stands to be ‘making taxation more reasonable;’ however, this could cost the government Rs 25,000 crore in FY18.

Five demands of Oxfam from India's budget

Five demands of Oxfam from India's budget

Tue, Jan 10, 2017

Ahead of the Union Budget, international confederation of charitable organisations – Oxfam has passed around a petition labelled, ‘Call for an Economy that Works for Everyone, Not Just the Few!’

Simpler documents, merger of rail and union budgets; what to expect in budget FY18

Simpler documents, merger of rail and union budgets; what to expect in budget FY18

Tue, Jan 10, 2017

Speculations over this year’s budget being simpler in nature, among others, have come to light as analysts expect a ‘rigorous approach’ in the preparation of the same.

Finance Ministry seeks Twitterati vote on focus of Budget 2017-18

Finance Ministry seeks Twitterati vote on focus of Budget 2017-18

Fri, Jan 06, 2017

With less than a month remaining for budget presentation, Finance Ministry today invited suggestions from Twitterati on what should be the focus of the Budget for 2017-18 to be unveiled on February 1.

Budget 2017: Tax exemption on interest paid of home loans may increase

Budget 2017: Tax exemption on interest paid of home loans may increase

Wed, Jan 04, 2017

Union Budget 2017 may see an increase in deduction limit for interest paid on home loans by Rs 50,000, a report by Business Standard said on Wednesday.

Budget to be presented on February 1: Govt official

Budget to be presented on February 1: Govt official

Tue, Jan 03, 2017

Union Budget 2017 will be presented on February 1, 2017, a government official confirmed on Tuesday.

Budget 2017: CII recommends lower corporate tax

Budget 2017: CII recommends lower corporate tax

Tue, Dec 27, 2016

Currently, average corporate tax rate for the industry sector in the country is around 22-23%.

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