Moneycontrol
Kerala flood LIVE: Death toll climbs to 324; aviation regulator asks airlines to add more flights

or go to

Budget 2018
Last Updated : Jan 17, 2018 07:57 PM IST | Source: CNBC-TV18

CNBC-TV18 Local Circles Budget 2018 poll: Here's India's wish list

Budget 2018 is less than a fortnight away-- CNBC-TV18 in partnership with Local Circles has conducted a mega pan India poll to gauge the mood of the country and what people are expecting from the finance minister. Shereen Bhan caught up with Yatish Rajawat of LocalCircles, Pranav Sayta of EY and S Narayan Former Secy, Finance to discuss the findings of the poll.

CNBC TV18 @moneycontrolcom

Budget 2018 is less than a fortnight away-- CNBC-TV18 in partnership with Local Circles has conducted a mega pan India poll to gauge the mood of the country and what people are expecting from the finance minister.

The poll was conducted across 200 districts, involving over 1.1 lakh respondents who were quizzed online.

38 percent of respondents said they wanted agri and rural sector to get the maximum allocation of funds, 34 percent want infra to be the top focus, only 12 percent want healthcare to be the top priority and only 16 percent want education to be the key focus.

On the question of income tax relief, 37 percent respondents want raise in the tax slabs, 31 percent want exemption limit to be hiked to Rs 3 lakh, 20 percent want peak rate to be reduced to 25 percent and only 12 percent want exemption under section 80C to be hiked to Rs 2 lakh.

On corporate tax, 36 percent respondents want the rate to be brought down to 25 percent in one shot, 25 percent feel that a cut in corporate tax won't improve investments, 23 percent respondents want corporate tax at 30 percent until GST revenue picks up and only 16 percent want the reduction in a phased manner which is 27 percent this year and 25 percent next year.

How to drive faster growth? 29 percent of respondents want hike in public sector investment, 29 percent want SME sector to get priority sector status, 24 percent want incentives for digital transactions and only 18 percent feel that a cut in corporate tax will spur growth.

On angel tax, one of the biggest concern among start-ups-- 57 percent of respondents want this tax to be abolished, 31 percent are fine with angel tax and 12 percent are not sure if it should be continued with or abolished.

CNBC-TV18's Shereen Bhan caught up with Yatish Rajawat of LocalCircles, Pranav Sayta of EY and S Narayan Former Secy, Finance to discuss the findings of the poll.

Watch videos for more….

India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve? Click here for live Budget 2018 news, views and analyses.
First Published on Jan 17, 2018 07:38 pm
Sections
Follow us on
Available On