Fiscal deficit for 2017-18 pegged at 3.2% of GDP and to achieve 3% in 2018-19 Total expenditure for 2017-18 has been placed at Rs. 21.47 Lakh Crore States and the Union Territories with legislatures allocated Rs. 4.11 Lakh Crore in 2017-18, as against Rs. 3.60 Lakh Crores in be 2016-17 Defence expenditure excluding pensions provided… Read More »
Agriculture to grow more than 4 percent as Government announces a slew of pro-farmer measures in General Budget 2017-18 Farm credit fixed at a record level of Rs 10 lakh crores; Irrigation fund hiked to Rs 40, 000 crores Finance Minister announced setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of… Read More »
Rural, Agriculture and Allied sectors to get about Rupees, One Lakh 87 thousand crore in the Budget 2017-18 , 24 % higher than the previous year Centre announces Mission Antyodaya to bring 1 crore households and 50 thousand Gram Panchayats out of poverty by 2019 MGNREGA gets the highest ever allocation of Rs 48,000 crore… Read More »
Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh. Finance Minister appeals to all citizens to contribute to Nation Building by making a small payment of 5 per cent tax if their income is falling in this slab. A simple one- page… Read More »
Total allocation for Infrastructure Development stands at Rs. 3,96,135 crores in 2017-18 2,000 kms of roads identified for construction for better connectivity with ports and remote villages 1,55,000 kms of Optical Fiber Cables laid; high speed broadband connectivity to more than 1,50,000 gram panchayats by end of 2017-18 The Union Minister for Finance and Corporate… Read More »
First combined Budget of Independent India, that includes Railways, presented Total Capital And Development Expenditure of Railways pegged at Rs. 1,31,000 crores Government to focus on ‘Swachh Rail’; Rs. 1 lakh crores ‘Rashtriya Rail Sanraksha Kosh’ to be created in 5 years Cashless reservations go up from 58% to 68% The Union Minister for… Read More »
FIPB to be phased-out in the next fiscal, Bill to be tabled in Parliament soon to crack down on ponzy schemes High net worth NBFCs can now participate in IPOs at par with Banks and Insurance Companies Computer Emergency Response Team for Financial Sector to be set up While presenting the General Budget 2017-18 in… Read More »
Finance Minister unveils string of measures towards Ease of Doing Business Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore; Threshold for maintenance of books for individuals and HUF more than doubled Individual Insurance agents earning below taxable limit to be exempted from 5% TDS off commission after… Read More »
Allocation for welfare of SC, ST and Minorities to be enhanced Aadhar based smart cards containing health details for senior citizens to be introduced The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the Government is giving special importance to implementation of… Read More »
Political Parties cannot receive donation above Rs. 2,000 in cash from one person; entitled to receive donations by cheque or digital mode from their donors;. Have to file its Income-Tax Return within the prescribed time limit Banks to issue Electoral Bonds to enable donations to Political Parties The Union Minister for Finance and Corporate Affairs,… Read More »