Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Auto sector has nothing to look forward to in the Budget.
Tax incentives to have cascading effect on the capital goods industry.
Chief Economic Advisor Arvind Subramanian's interview.
Indian economy about to take-off
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