In an interview with CNBC-TV18, Thomas Rookmaaker, Director, Asia-Pacific Sovereign Ratings at Fitch Ratings shared his views on the Budget 2018 and gave his outlook on the road ahead.
The finance minister touched key points during the open house session, including the LTCG tax, the healthcare scheme and the personal income tax slabs.
The BSE midcap index tanked 2.79 percent intraday on Friday crashing over 482 points aided by stocks including GMR Infra which tanked 10.55 percent followed by Vakrangee which fell 10 percent.
As per the CMIE data, during the first 9 months of FY18, new investment proposals of the government and the private sector dipped by 53 percent and 56 percent, respectively, on a year on year basis.
In an interview with CNBC-TV18, Sridhar Sivaram, Investment Director of Enam Holdings gave his take on Arun Jaitley's Union Budget 2018 and his outlook on the road ahead.
Exchange platforms dealing in controversial cryptocurrencies like Bitcoins today asserted that it's "business as usual" hours after Finance Minister Arun Jaitley declared such instruments as illegal.
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.