There may be an increase in the ceiling of deduction under Section 80C from the existing Rs 1,50,000 to Rs 2,00,000.
We have spoken to experts on D-Street and collated a list of taxes which retail investors are looking for some relaxation.
Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
In this year's Budget, the government strategy will most likely to clearly focus on creating value for CPSEs.
As in the case of any new law, the IBC too has certain loopholes and implementation-related issues, which came to the fore as the process progressed.
A report criticised Budget allocation of finances, saying “women and children deserve a better deal in expenditure outlay”.
This survey recorded responses from experts ranging from economists to fund managers of brokerage houses.
A Single Brand Retail Trade (SBRT) entity is now permitted to set off its incremental sourcing of goods from India for global operations during the initial five years, beginning April 1 of the year of the opening of the first store
Challenges before the Finance Minister would be on how to sew up all the promises made by the government during its four years of existence.
This is the last full budget of the government, prior to general elections in 2019. Therefore, it can be expected that the upcoming budget announcements will be put under scanner.
Besides, the industry has sought incentives for setting up warehousing and cold chain facilities and efforts to increase Foreign Direct Investment (FDI) in the sector.
The common man’s expectations are high as this could be the last regular Budget of the NDA government which has been looking to rationalize the current tax system.
The US tax reforms and significant lowering of US tax rates has added to the pressure.
The government should pay attention to skill development initiatives in the upcoming Budget.
"This year, we are spending nearly Rs 70,000 crore. However, from next year we expect spending to be around Rs 1,40,000 crore and for fiscal 2019-20, we are expecting it to be around Rs 1,60,000 crore, said Gadkari
In 2018 “Housing for all” will be the top agenda of the government.
“Basic income, in its essence, has to be above the poverty line. It surely is a good idea. I think the economy is ready for it. It can be implemented over a period of two years. In terms of subsidies, we can begin by reducing subsidies and merging them,” said Jalan.
Since it’s the last one, the street expects it to be populist. However, giveaways can only come from either excessive fiscal slippage or higher revenues, most brokerage firms see the possibility of both.
In an interview with Times Now television broadcast tonight, he also pledged that his government will stay on the course of the reforms agenda that has pulled out India from being among the 'fragile five' economies of the world to being a 'bright spot'.
Srinivasan, the Samuel C Park Jr Professor Emeritus of Economics at Yale University, further said there is no economic theory to link job losses to demonetisation and implementation of the Goods and Services Tax (GST).
A list of important headlines from across news agencies that could help in your trade today.
Soon after the presentation of Union Budget, it is a customary practice for the finance minister to address the boards of the SEBI and the RBI.