The 2018-19 Union Budget unveiled yesterday contains a number of policy measures with the potential to support economic demand and social well being.
India market could see a bit of correction in the short term but the market has been correcting in the last one month even though Nifty rose in the same period.
"The government's promise to bring it down to 3.3% next year is a very credible and realistic step."
In an interview with CNBC-TV18, Samir Arora, Founder & Fund Manager at Helios Capital gave his take on Arun Jaitley's Union Budget 2018 and his outlook on the road ahead.
Companies with a turnover of less than Rs 250 crore in FY17 would be required to pay tax at 25 percent (and not at the erstwhile rate of 30 percent) in FY19.
Live updates from FM Arun Jaitley's open house session with India Inc.
While there was an emphasis on social sector and rural sector schemes, these were balanced with plans to raise revenues, the bank said about the budget presented by Finance Minister Arun Jaitley in Lok Sabha.
"The government says farmers' income will be doubled by 2022. But it's not possible until the agricultural growth is 12 per cent. Until we achieve that ... It is just a hollow assurance," Congress leader Ghulam Nabi Azad quoted Singh as saying after a meeting of opposition parties here.
Prasad, a professor of trade policy at the prestigious Cornell University, said there were no major measures in the budget that could stimulate private investment.
A list of important headlines from across news agencies that could help in your trade today.
In an interview with CNBC-TV18's Shereen Bhan, William Foster, VP-Sovereign Risk Group at Moody's Investors Service, Ravi Bhatia, Director-Sovereign Ratings at S&P Ratings Services, Sumant Sinha, Chairman & CEO of ReNew Power, Neelkanth Mishra, MD & India Equity Strategist of Credit Suisse, Shaktikanta Das, Member of 15th Finance Commission, Ajay Dua, Former Secretary of DIPP, Rathin Roy, Member of PMEAC, Chanda Kochhar, MD & CEO of ICICI Bank, Deepak Parekh, Chairman of HDFC, and Shobana Kamineni, President of CII and Executive Vice Chairperson of Apollo Hospitals Enterprise gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
The food law, under which highly subsidised foodgrains are provided to 84 crore people, has been implemented successfully throughout the country, Paswan added.
Sushil Chandra, the CBDT chief, said all "benefits" of the LTCG obtained by an investor till yesterday (January 31) will not be touched by the tax department as they have been grandfathered.
FM Arun Jaitley has presented the Union Budget for 2018-19 in Parliament. The Budget was perceived as favouring the rural populace but wasn't very well received by financial markets.
Railway Minister Piyush Goyal said he had a plan to introduce an effective and modern ETCS II system - a radio-based cab signaling equipment - on the railway network.
No fund has been earmarked for the muncipal corporations of Delhi in the Union Budget, although the city government had requested for allocation of "Rs 1000 crore as local bodies grant", Deputy Chief Minister Manish Sisodia today said.
The IMF is impressed by a range of important economic issues covered and the depth of the analysis in the survey, a spokesperson said.
Yashwant Sinha, who was here to participate in a farmers' agitation, told reporters the budget had no schemes for the welfare of farmers.
In his budget address, FM Arun Jaitley said the government was developing connectivity infrastructure in border areas to secure India's defence.
In his budget address, Finance Minister Arun Jaitley said the government will develop two defence industrial production corridors and bring out an industry-friendly military production policy to promote the domestic defence industry.
"The key highlight of this budget is that it reflects a timely and appropriate focus on rural India," Chandrasekaran said in a statement.
As part of Budget 2018-19 proposals, the government will initiate a national programme, under NITI Aayog, to direct its efforts in the area of artificial intelligence (AI), including research and development of its applications.
Disappointed over the Budget, Bharatiya Mazdoor Sangh has decided to hold countrywide demonstrations tomorrow.
Tirupur Exporters Association president Raja M Shanmugham welcomed the announcement of allocation of Rs 7,148 crore for Textile Sector
The government is setting up a model aspirational skill centre in every district of the country under Pradhan Mantri Kaushal Kendra Programme, Finance Minister Arun Jaitley said today.