A strong showing will be vital to Narendra Modi's chances of a second term.
Arguably one of the toughest engineering challenges in hand, the Indian Railways plans to complete the Chenab bridge in Jammu and Kashmir by 2016, making it the world's highest rail bridge.
Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain exemptions availed by the industry.
Boost to dairy sector will generate jobs
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
It is time to take a few macroeconomic risks to kick start the growth.
Finance Minister Nirmala Sitharaman on Thursday said Pradhanmantri Suryodaya Yojana will enable one crore families to get up to 300 units of free electricity monthly and help them save up to Rs 18,000 annually. "There is provision of Rs 10,000 crore for rooftop solar (scheme) in the Budget," said finance secretary T V Somanathan in press conference on Budget later in the day. Earlier in the day Sitharaman in her interim Budget speech said through rooftop solarisation, one crore households will be enabled to obtain up to 300 units of free electricity each month.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
Rail Budget showcases a vision to reorganise, restructure and rejuvenate Railways
The Union Budget 2016-17 has cheered the NBFC sector
In September 2013, FMC was brought under the Finance Ministry.
The allocation was part of the budget 2014-15 presented by Finance Minister Arun Jaitely on Thursday.
Petrol price will go up by Rs 3.18 per litre, diesel by Rs 3.09.
The touch-screen BlackBerry Z10 phone, which goes on sale in India from Tuesday, will compete with iPhones and Galaxy series phones.
The capital outlay to cover the modernisation programmes have got a hike of 10.05 per cent.
The Budget decides to take the lead in revving up infrastructure.
To begin, the Budget has no doubt attempted to address uncertainty.
The divestment department has lined up a host of companies.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
The minister of state said the requirement of the ministry was more and resources were limited.
Overall, the populist/ electoral elements in the budget have remained measured with the finance minister being clearly aware of a higher-than-expected rise in oil prices, less-than-planned tax revenues and the wider deficit for FY 17/18, constraining his margin of maneuver, says Claude Claude Smadja.
Markets rallied because of huge inflows by overseas investors.
Arun Jaitley will aim for jumps in other revenue streams for the government.
The words that appeared more often in the speech included tax, income, lakh and crore.
The additional amount will be exclusively earmarked for the hospitality and related segments to help them recover to pre-pandemic levels. Presenting the Budget 2022-23 in Parliament, the finance minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds.
The government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. "Spectrum auctions will be conducted in 2022 to facilitate the roll-out of 5G mobile services within 2022-23 by private telecom providers," Sitharaman said. She said the telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities.
The government on Tuesday announced revoking of anti-dumping duties on certain steel products imported from countries including China, a move aimed at containing high prices of metals and promoting domestic manufacturing.
There is a link between objectives and commitments.
The allocation for health ministry for 2017-18 is Rs 47,352.51 crore in comparison to allocation in 2016-17 of Rs 37,061.55 crore.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Budget will get a welcome reception from the international biz.
Budget was a mild disappointment. Yet, the bull run continues.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
The party said it is "considering opposing" the proposal for taxing the PF corpus in Parliament.
For the first time in the history of Budget-making in India, a single Budget will touch 65 crore Indians, says Shailesh Haribhakti.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
Finance Minister Arun Jaitley underlined that defence of every square inch of our mother land comes before anything else.
Investors and manufacturers have long advocated the GST.
