Finance Minister Arun Jaitley on Thursday presented the fifth Budget of the ruling government and brought an end to all ancipations that built before the budget.
Startup experts decode Budget 2018 in this panel discussion.
The government today proposed to amend the Finance Act 2013 to levy commodities transaction tax (CTT) on options trading from April 1, 2018.
The Union Budget 2018 was presented by the Finance Minister Arun Jaitley in Parliament on February 1.
Tabling the government's last full budget ahead of 2019 general elections, FM Arun Jaitley also said the ambitious Bharatmala project was going to be milestone for connectivity in the country.
Terming the Budget proposals as "populist and election-oriented", India Inc has said the finance minister's initiatives will give a further fillip to growth, especially in the hinterlands.
In an interview with CNBC-TV18, Adi Godrej, Chairman of Godrej Group & Mohandas Pai, Chairman of Aarin Capital gave their take on Arun Jaitley’s Union Budget.
The Budget, LK Advani said, had made India proud.
Jaitley said government will soon announce measures for effectively addressing non-performing assets and stressed accounts of MSMEs.
Low-cost carrier SpiceJet too lauded the emphasis on airport expansion.
Finance Minister Arun Jaitley earlier today had announced to fix support price of Kharif crops like paddy at least 50 percent higher than the cost of production.
The government has completed phase 1 of Bharat Net project under which it is providing high-speed broadband connectivity to 1 lakh gram panchayats.
Regional Director of World Health Organization's South- East Asia Region Poonam Khetrapal Singh commended the new schemes and initiatives planned to "holistically" address problems confronting the health sector.
SEBI has already started work on the front and has set up a separate department to roll out this measure, which was part of the 2016 HR Khan committee report, on the fast track.
While there is no change in the rate of tax for individuals -- whether male/female resident, senior citizen or super senior citizen -- the rate of education cess, which is levied on tax payable, has been increased from 3 percent to 4 percent.
In an interview with CNBC-TV18, Yogendra Yadav, Founder, Avik Saha, Leader and Kiran Vissa, Leader of Swaraj India rated the Union Budget and discussed whether Budget 2018 delivered on the promises it made.
In an interview to CNBC-TV18’s Shereen Bhan, Pawan Goenka, MD of Mahindra & Mahindra, Kiran Mazumdar Shaw, Chairperson & MD of Biocon, Vinayak Chatterjee, Chairman of Feedback Infra, Arvind Panagariya, Former Vice Chairman of NITI Aayog, Ajay Singh, CMD of SpiceJet, Naina Lal Kidwai, Chairman of Max Financial Services, and Ashok Wadhwa, Group CEO of Ambit gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
The Centre has also not earmarked any funds to local bodies of Delhi, even though the AAP dispensation had requested for an allocation of Rs 1,000 crore as local bodies grant.
Largest lender State Bank of India (SBI)chairman Rajnish Kumar said the Budget is "very comprehensive" with key measures that will have a positive impact on various segments.
Describing the budget as "pragmatic", noted economist Arvind Panagariya today said the coverage of 100 million families for expenses up to Rs 500,000 under government-funded health care is the most significant programme announced by Union Finance Minister Arun Jaitley.
Official entertainment arranged at the Rashtrapati Bhawan on behalf of the Vice President and the Prime Minister, reception on national days, investiture are covered under this head.
The Labour Ministry's total expenditure has been pegged higher at Rs 7,700 crore for 2018 -19 against the revised estimate of Rs 6,580.90 crore for the current fiscal, according to the Budget 2018-19 document.
The 10-digit Permanent Account Number (PAN) would be used as Unique Entity Number for non-individuals.
The allocation for passenger comfort has gone up from Rs 1,100.90 crore in 2017-2018 to Rs 1,657 crore in the Union budget presented by Finance Minister Arun Jaitley.