J&K Finance Minister Haseeb A Drabu announced a slew of sops for industrialists, traders, employees, poor, farmers, cooperative banks, ailing units and Panchyati Raj institutions.
With multiple sops for farmers and industry, the Jammu Kashmir budget also introduced a slew of new initiatives and capital infusion in Central Cooperative Banks in the state besides various amnesties.
If the government is looking at revenue optimisation then there are other ways for them to monetize revenues than tweaking of LTCG, said Sudhir Kapadia, National Tax Leader, EY.
The meeting comes in the backdrop of latest estimates of national income by Central Statistics Office (CSO) which showed that India's growth is expected to slow down to four- year low of 6.5 per cent this fiscal, the lowest under the Modi-led government.
With regards to non-tax revenues, the government has to fulfill its disinvestment targets and monetize surplus land, said Anil Khaitan, President, PHDCCI.
The corporate tax rate for larger companies should be brought down to 25 percent, said Adi Godrej, Chairman, Godrej Group.
One is likely to see pick up in private sector capex in H2CY18 and recovery in corporate earnings in 2018, said Ravneet Gill, CEO, Deutsche Bank India.
The projections are crucial as the finance ministry prepares Budget estimates for the next financial year (2018-19)
Truck sales have recorded rapid growth; companies are showing signs of increased investment and hiring appears to have picked pace.
In many ways, 2017 was a landmark year for the Indian economy
The general-account budget spending for the next fiscal year starting April will total 97.7 trillion yen ($860 billion), the biggest amount ever and slightly more than this year's initial plan to spend 97.5 trillion yen, the Ministry of Finance said.
Finance minister Arun Jaitley has indicated that the Budget 2018—the NDA government’s last full budget in the current term—will see a major thrust on areas such as infrastructure and social sector
Axis Bank chief Shikha Sharma said the move is necessary to make the stressed asset sale more attractive.
This weekend, WeWork BKC will host one of the largest ever hackathons held in India.
Here are 10 key terms related to Union Budget that everyone has to know.
Government sources suggest that there are discussions ongoing to extend the cut in Corporate Tax rate for larger companies in the upcoming Budget, reports CNBC-TV18's Shereen Bhan.
The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.
Jaitley's fifth and the NDA government’s last full budget before 2019 Lok Sabha polls will sport a different look with a lighter `Part B’—the section of the speech that contains tax proposals—with fewer indirect tax changes because of the Goods and Services Tax (GST)
The budget for 2018-19 will mark the beginning of a new public accounting process in India
With a little over 100 days to go for the Budget 2018 - the Centre has formally kick-started its Budget making exercise. The finance ministry has issued the Budget circular 2018-2019. CNBC-TV18's Sapna Das gives a heads-up as to how the whole exercise will proceed from here.
A look at top cues from the domestic and international markets that could have a bearing on D-Street today.
The amount is 53 per cent higher compared to Rs 10,498.90 crore received by the ministry in the same period last year, it said in a statement.
The budget smartphone features a 5-inch, HD IPS display supported with 2.5 D curved ‘DragonTail’ glass for a better user experience on the screen