The 2018 Budget Session of Parliament adjourned sine die or with no plan to resume. on April 6,
With funding support from increased budgetary allocation, and higher Internal and Extra Budgetary Resources(IEBR) including debt funding from institutions like LIC, EPFO, most of the infrastructure segments are expected to witness the increased pace of contract awarding and execution in 2018-19, it said in a statement.
The 2018-19 Budget had after a gap of 14 years reintroduced 10 percent tax on LTCG exceeding Rs 1 lakh from sale of shares.
Passage of the Budget Bill as a money bill (which allows the government to take the combined strength in both houses to push through a bill without debate) is both curious and worrisome
The Vice Chief of Army Staff Lt Gen Sarath Chandhas had earlier told the Parliamentary Panel on Defence that the 2018-19 Budget ‘had dashed their hopes’.
The labour and the finance ministry will carry out further deliberations over the issue.
In conversation with Moneycontrol, Pravir Pandey, vice chairman of IWAI, said that the amendment to Central Road Fund Act, 2000, to address the financial need for development of waterways is ‘significant’
After inaugurating the 'Magnetic Maharashtra' Investors Summit in suburban Bandra, he said the budget was not limited to outlay, its focus was on the outcome.
The website, www.arunachalbudget.in, presents some economic data about the state to help the people put forward their suggestions for the Budget to be presented in the Assembly next month.
Watch the interview of Economic Affairs Secretary Subhash Chandra Garg, where he spoke about why the Budget 2018 hasn't spoken much about solar and biomass sectors.
The budget also announced the set-up of 24 new Government Medical Colleges and Hospitals along with an upgrade to existing district hospitals in the country.
Blockchain, Artificial Intelligence, 3D Printing, Robotics found a special mention in the FM’s speech.
The IMF has welcomed the fiscal deficit target set by India in its annual budget and noted that the country is returning to the path of gradual fiscal consolidation.
In the budget, Jaitley had announced a mega healthcare plan to provide 10-crore poor families with insurance cover against hospitalisation that will cost up to Rs 12,000 crore annually.
To understand how significant the provisions of the Budget are, one must go back in the past where gold was largely been treated only as a commodity – albeit a precious one.
LTCG Tax is applicable only on equity-oriented mutual funds which hold more than 65% of assets in equities. There is no change in debt fund taxability.
The mega healthcare scheme is likely to be launched either on August 15 or October 2.
According to Panagariya, the argument that protection would help the MSMEs needs to be carefully scrutinised.
India’s infrastructure financing requirement has been estimated as approximately Rs 50 lakh crore in the next five years
The scheme, which would be the world's largest government healthcare programme, was announced in 2018-19 Budget for providing medical cover of up to Rs 5 lakh to over 10 crore poor and vulnerable families, constituting 40 percent of India's total population.
As a result of the tax benefit, as many as six crore active folio holders in mutual funds would now have more incentive to invest in ETF, says Neeraj Kumar Gupta
The parliamentary affairs ministry said that first phase of the session yielded a total of seven sittings of the Lok Sabha and eight sittings of the Rajya Sabha.
The MPs' success is linked to the party's performance, the prime minister told the BJP parliamentary meeting, the leaders said.
The customary post-budget meeting is taking place this time against the backdrop of hardening bond yield and apprehensions that interest rates may rise.
Economic Affairs Secretary Subhash Chandra Garg touched upon the reasons why the Budget 2018 proposals will be beneficial for the India's economic growth.