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BUDGET 2018

Union Budget Coverage

Budget 2018 As It Happened

Budget 2018 Highlights: Arun Jaitley's booster dose for rural India, bitter pill for investors

  • Feb 01, 09:12 PM (IST)

    WATCH | Udayan Mukherjee decodes Budget 2018, terms it a disappointment for investors

  • Feb 01, 10:41 PM (IST)

    Budget 2018: Indian Railways set to get a major security upgrade
  • Feb 01, 10:42 PM (IST)

    Budget 2018: Jaitley reintroduces standard deduction of Rs 40,000 for salaried individuals
  • Feb 01, 09:11 PM (IST)

    Rana Kapoor, MD & CEO, Yes Bank 
    "In the backdrop of past reforms culminating into early green shoots for investments, a credible rise in allocation for infrastructure by 21% accompanied by broadening of corporate tax relaxation for MSMEs, a chiseled focus on generating livelihood creation in agriculture and rural sectors via new Operation Green and National Health Protection schemes, incentives to enhance employment in labor intensive sectors of textile, leather and footwear will ensure a stronger consumption and investment impetus in FY19. In addition, the global economy led revival in exports will truly allow India’s growth to become multi-dimensional henceforth.The fiscal strategy appears to be channelizing spending to sectors that have the potential to maximize backward and forward linkages in the economy through capacity enhancement and job creation.”
    Vishwavir Ahuja, MD&CEO, RBL Bank, said “The budget has done a reasonable job of balancing populist imperatives and growth orientation. With its stated shift in focus from “ease of doing business to ease of living for poorest”, increased outlays on social objectives, including education, affordable housing, healthcare it has ticked  all the right boxes in the pre-election year….However, there is a slight divergence from our expectations on fiscal deficit levels for both FY18 and FY 19, government’s commitment to fiscal glide path needs to come out more clearly as that is necessary to help ease the prevailing worries in the bond market. The introduction of LTCG without indexation could have been avoided - the revenue expectation of Rs. 20,000 crore could be a steep ask.”
    Zarin Daruwala, CEO, India, Standard Chartered Bank, said, “The Budget has taken in a wide-angle view, attending to the ‘Aam Aadmi’ of the country. The outreach it has managed to achieve cutting across the spectrum - rural and infra sectors, MSME, salaried, and retired classes - while staying on course with fiscal consolidation has struck a fine balance between the needs of growth, social development, and investor confidence which is a commendable achievement in my view.”

  • Feb 01, 09:49 PM (IST)

    Budget 2018: Apple phones may get costlier as govt hikes customs duty on imported mobiles
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Budget 2018 Reactions

Neelkanth Mishra

Reactions on : ALL

Neelkanth Mishra

Head of Equity Strategy India | Credit Suisse

quote_paraBudget is likely to be a non-event as it has been in the past. It is just an arithmetic exercise.

Bimal Jalan

Reactions on : ALL

Bimal Jalan

Bureaucrat | Ex-RBI Guv

quote_paraMaintaining fiscal stability, balancing both fiscal and economic growth key

Johanna Dee Chua

Reactions on : ALL

Johanna Dee Chua

Chief Asia Economist | Citi Group

quote_paraWill term insurance and pension plans get additional tax relief in Budget 2018?

Bimal Jalan

Reactions on : ALL

Bimal Jalan

Bureaucrat | Ex-RBI Guv

quote_paraMaintaining fiscal stability, balancing both fiscal and economic growth key

Manishi Raychaudhuri

Reactions on : Markets

Manishi Raychaudhuri

MD, Asian Equity Strategist, HoR | BNP Paribas Securities India

quote_paraIf long-term capital gain tax is imposed it would hurt sentiment of all market participants.

Johanna Dee Chua

Reactions on : Policy

Johanna Dee Chua

Chief Asia Economist | Citi Group

quote_paraWill term insurance and pension plans get additional tax relief in Budget 2018?

Neelkanth Mishra

Reactions on : Policy

Neelkanth Mishra

Head of Equity Strategy India | Credit Suisse

quote_paraBudget is likely to be a non-event as it has been in the past. It is just an arithmetic exercise.

Bimal Jalan

Reactions on : Policy

Bimal Jalan

Bureaucrat | Ex-RBI Guv

quote_paraMaintaining fiscal stability, balancing both fiscal and economic growth key

Budget and the market

Sector Impact

Select sector to see impact

Leather Products

01 Feb, 2018, 14:38

Bata India 1090.55 2.05
Relaxo Footwear 722.80 -13.15
Khadim India 551.55 -5.65
Mirza Intl 80.20 -0.85

Food Processing

01 Feb, 2018, 12:36

Nestle 10972.55 -17.95
Britannia 3136.60 -10.60
GlaxoSmith Con 7777.65 26.75
Varun Beverages 721.20 -12.75

SS

01 Feb, 2018, 12:27

Interglobe Avi 1060.60 1.00
Container Corp 651.55 2.50
Indian Hotels 149.70 1.30
Apollo Hospital 1244.25 20.75

Retail

01 Feb, 2018, 12:23

Avenue Supermar 1591.95 10.10
Future Retail 540.95 15.35
Aditya Birla F 199.10 0.80
Trent 350.00 0.70

Finance - General

01 Feb, 2018, 12:59

ICICI Prudentia 310.15 -4.00
AU Small Financ 630.20 7.50
Edelweiss 182.35 0.20
IIFL Holdings 481.05 -13.35

Computers - Software

01 Feb, 2018, 12:20

TCS 1989.25 5.60
Infosys 705.60 9.10
Wipro 333.10 -5.65
HCL Tech 960.35 -18.15

Banks - Public Sector

01 Feb, 2018, 12:02

SBI 289.15 0.55
Bank of Baroda 111.30 -0.65
IDBI Bank 61.00 -0.70
PNB 72.65 1.30

Banks - Public Sector

01 Feb, 2018, 12:29

SBI 289.15 0.55
Bank of Baroda 111.30 -0.65
IDBI Bank 61.00 -0.70
PNB 72.65 1.30

Electricals

01 Feb, 2018, 12:16

Bharat Elec 82.40 -1.70
CG Consumer 225.25 -1.70
Dixon Technolog 1960.50 -13.45
Genus Power 29.45 -0.40

Electricals

01 Feb, 2018, 12:27

Bharat Elec 82.40 -1.70
CG Consumer 225.25 -1.70
Dixon Technolog 1960.50 -13.45
Genus Power 29.45 -0.40
income tax impact
Housewife

"Silent saver of the economy – the homemaker is worried again. After a relatively peaceful year of low inflation the rising crude oil prices are hinting towards higher inflation ahead. Union Budget 2017 took small steps for the betterment of the women by launching scheme of Mahila Shakti Kendra at village level with an allocation of Rs 500 crore in 14 lakh ICDS Anganwadi Centres.."

Businessman

"A list of disruptions such as implementation of GST, RERA in CY2017 rocked the business landscape of India after demonetisation blow in November 2016. The formalisation of economy wherein the business moves from unorganised to organised sector has benefitted the law abiding businessmen. However, it has its own costs in terms of increased cost of compliance."

Salaried Person

"This is the last full-fledged budget by Arun Jaitley before the Parliament goes for general elections in 2019. No wonder salaried income tax payers have high hopes from the central government in terms of reduced tax impact. Last year, the salaried individuals had high hopes from Budget 2017 after demonetisation. However, the Finance Minister offered minimal tax relief to the salaried tax paying segment."

Senior Citizens

"Falling interest rates on fixed deposits and small saving schemes have made most senior citizens worry over their regular income. Some of them are forced to take additional risks by investing in equity funds and balanced funds launched by mutual funds. The situation worsened at the beginning of the CY2018 when most public sector non-life insurance companies decided to raise the health insurance premium. As the Union Budget 2018 is round the corner, the senior citizens are looking up to the Finance Minister for some relief."

Investor

"A new high on the Nifty at regular intervals is a way to look at the second half of the CY2017. However that does not mean all the investors made money. Many sat on the side lines and many are still grappling with their investments in real estate. Those who made investments in stocks and equity mutual funds are now wondering if the finance minister will change the rules pertaining to the long term capital gains, in Budget 2018. Investors have seen introduction of tax on dividends received in excess of Rs 10 lakh in a year, in the budget 2016. "

Student

"Demographic dividend will decide if India will emerge as the fastest growing nation over the next decade. But to ensure that it happens, the Indian youth need a conducive regulatory framework and policy support. In Budget 2017 finance minister Arun Jaitley declared youth as a focus area of his union budget. Budget 2017 announced investments in quality education. A portal offering more than 350 online courses – SWAYAM, was launched. Finance Minister also announced launch of National Testing Agency along with extension of Pradhan Mantri Kaushal Kendra (PMKK)."

Broker

"Booming stock markets have cheered the investors and stock brokers throughout CY2017. The Nifty clocked 28% returns over the year and the small and mid-cap indices further enriched investors with higher returns. The talk of a possible tax on long term capital gains from stocks or change in definition – increasing the time from one year to two year to be eligible for tax free long term capital gains, make the markets nervous ahead of budget. In Budget 2016 Finance Minister raised securities transaction tax (STT) on options to 0.05 per cent from 0.017 per cent. "

Calculate Your TAXES

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Q

1986-87 | This budget announced a new tax that evolved into the current day goods and services tax (GST). Which tax is this?

  • One India, One Tax proposal

  • Modified Value Added Tax (MODVAT)

  • Combined Value Added Tax

  • Integrated VAT & Service Tax proposal

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