Budget 2018

The Economic Survey 2017-18 showed that India jumped 30 places to break into the top 100 for the first time in the World Bank’s Ease of Doing Business (EODB) Report, 2018. The rankings reflect the...
Mar 21, 2018
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The Finance Minister recently announced that India had leapt 30 ranks in the World Bank’s ease of doing business index for 2017, climbing up from its previous rank of 130. The index comprises...
Mar 06, 2018
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The Central Board of Direct Taxes (CBDT) has said 'eproceeding' facility is well in place and, hence, all I-T process will faceless now.   This, however, will not apply to search-related...
Feb 13, 2018
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Cryptocurrencies have the potential to be like ponzi schemes and they pose a threat to the financial stability of the country, said former economic affairs secretary Shaktikanta Das.  ...
Feb 13, 2018
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The Budget has given Rs 120 billion benefits to salaried class and senior citizens, said Finance Minister Arun Jaitley in Lok Sabha on Thursday.   He was responding to a debate on the Budget...
Feb 09, 2018
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Tax

The Union Budget has proposed to reintroduce standard deduction for salaried individuals to the tune of Rs40,000 a year.    Finance Minister Arun Jaitley said, “Income tax data analysis...
Feb 02, 2018
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Prime Minister Narendra Modi has congratulated Finance Minister Arun Jaitley for presenting a Budget, which will help strengthen ‘New India’ vision.     "From food processing to fiber optics,...
Feb 01, 2018
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The government has projected fiscal deficit target at 3.3 per cent of GDP for the fiscal year 2018-19.    The target is higher than 3 per cent as projected in the fiscal consolidation roadmap...
Feb 01, 2018
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Tax

The government is proposing a long-term capital gains tax for investing in stocks, according to people with knowledge of the information. The news has sent both equities and the rupee lower.  ...
Feb 01, 2018
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Budget Highlights: Economy will grow at 7.2-7.5% in second half of 2018-19 PSU banks are ready to support growth and achieved 7.5% average growth in 3  years of NDA govt We have decided...
Feb 01, 2018
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Rise in crude oil prices increases the subsidy outgo on cooking gas and kerosene, but higher prices also bring in higher revenues for the government.   Analysts from Jefferies India Pvt Ltd...
Jan 31, 2018
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Tax

The government is facing a revenue squeeze that may make it difficult fulfil its promise to lower corporate tax rate over time to 25 percent from 30 percent.   Tax competition around the world...
Jan 30, 2018
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The Economic Survey 2017-18, tabled in Parliament on Monday, advised the government to avoid ambitious fiscal deficit target for the fiscal year 2018-19.   The Survey, which was prepared by the...
Jan 30, 2018
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Addressing bad loan crisis of the public sector banks (PSBs) and GST roll-out last year have the potential to raise the GDP numbers of the Indian economy, said Finance Minister Arun Jaitley, who...
Jan 29, 2018
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The Economic Survey, presented today by the Union Finance Minister Arun Jaitley in Parliament, highlighted 10 new economic facts on the Indian economy.   1. Goods and Services Tax (GST) has...
Jan 29, 2018
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The government will likely allocate more funds in the Budget for infrastructure and rural development and offer sops for politically important constituencies such as the middle class, farmers and...
Jan 29, 2018
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Tax

Finance Minister Arun Jaitley will be under pressure from India Inc. to fulfil his promise of reducing corporate tax rate to 25% to boost job creation and drive investments.   “Topping the...
Jan 24, 2018
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Mutual fund managers say that the Budget will play a very important role in determining the future course of markets. “I think the Budget does play a role because it guides us on what government...
Jan 24, 2018
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The disinvestment department has been told to bring a sum of Rs 1 trillion to the Budget table for FY18. Fresh from the success of crossing the annual disinvestment target for the first time, the...
Jan 23, 2018
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Tax

As the Modi government prepares to present its last complete budget before the 2019 general elections, we reflect on the current fiscal year and evaluate the key target areas for the financial and...
Jan 23, 2018
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SBI’s pre-Budget report called Ecowrap states expectations based on principles of inclusive growth and meeting the medium term objectives set by the government. According to the report, the budget...
Jan 23, 2018
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The Minister for Finance Arun Jaitley is likely to deliver speech to the boards of Sebi and Reserve Bank of India on February 10, a senior official told PTI.   It is a practice for the finance...
Jan 22, 2018
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The government may tweak income tax slabs and rates in the upcoming Budget 2018, though it will not make any changes in the current taxation of dividends, a survey by EY has revealed.   The tax...
Jan 22, 2018
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With about 36 companies lined up for asset-sale, the government may increase its divestment target for the next financial year 2018-19.   According to a report by ET, the government has raised...
Jan 18, 2018
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Tax

EY India has said that the Finance Ministry might tax dividend in the hands of shareholders and do away with the dividend distribution tax (DDT) in the Budget.   In its pre-Budget expectations...
Jan 15, 2018
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Dividend distribution tax (DDT) might be done away with by the government in the upcoming Union Budget. Sources said that there have been considerable discussions on the topic among various...
Jan 12, 2018
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FICCI has urged the government to lower the corporate tax rate to 28 per cent from 30 per cent in the forthcoming Budget, which would help the industry  tide over the problems created by the US tax...
Jan 05, 2018
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Finance Minister Arun Jaitley, on Wednesday, met the consultative committee members attached to the finance and corporate affairs ministries and sought their views on the Budget 2018-19.    The...
Dec 28, 2017
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The government feels it tough to provide more sops for the rural and agriculture sector in the 2018-19 Budget.   According to a Business Standard report, top government officials are not in...
Dec 20, 2017
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