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.
Rahul Gandhi alleged the government came out only with fancy schemes during this period and did not provide employment to the country's youths.
Hailing the rural-oriented Budget, the fast moving consumer goods industry today said the improved rural economy would augur well for the sector.
CPI leader D Raja said the Union budget shows the "desperate attempts of the government to hoodwink the people" in 2018, in which several state polls will take place and "probably the Lok Sabha polls too".
In an interview to CNBC-TV18, NK Singh, Chairman of the Fiscal Responsibility and Budget Management Act (FRBM) Committee gave his take on Arun Jaitley’s Union Budget and the outlook on the road ahead.
Khorakiwala gave 6.5 points out of 10 to the budget said chronic shortage of medicines, lack of infrastructure and skilled manpower could pose challenge in rolling out the ambitious National Health Protection Scheme (NHPS) that aims to provide Rs 5 lakh health insurance to 10 crore poor families.
While this year Union Budget was a mix bag of both expectations and a few surprises, we list out a few broad points which will have an impact on how you save, invest, borrow, and insure.
In an interview with CNBC-TV18's Latha Venkatesh and Surabhi Upadhyay, Feroze Azeez, Deputy CEO of Anand Rathi Financial Services, Ketan Dalal, Founder of Katalyst Advisors LLP, Samir Kanabar, Partner at EY, and Parizad Sirwalla, Partner & Head – GMS at KPMG India where they decoded key tax related headlines from Budget 2018.
The National Bank for Agriculture and Rural Development (NABARD) Chairman Harsh Kumar Bhanwala today said the union budget proposal to form a Rs 8,000 crore fund will strengthen the dairy infrastructure in the country.
An allocation of INR 10,000 crores has been announced on expansion of telecom infrastructure under various government projects in the country, however, the Union Budget does not bring any cheer to the telecom sector.
This scheme will cover 50 crore people across the country
With several changes carried out in personal tax rates in last three years, the finance budget 2018 have kept the tax rates unaltered
The CII North East Council, the Indian Chamber of Commerce and the Federation of Industries North East Region appreciated the government's effort to increase employment and encourage entrepreneurship through various measures.
While the amendment through Budget Speech look procedural and routine, the devil is in the detail. In my view, the Finance Bill, 2018 is going to have significant change in securities laws and might impact some of the pending cases as well.
Brands like Apple and Google will be hit as they are heavily dependent on imports
Investors and startups say that the Finance Minister should provide more clarity on angel tax, exit clauses, GST and cryptocurrencies outside the Budget.
All dividends in Equity and Equity Oriented Funds will now be taxed at the rate of 10 percent
The Centre introduced long-term capital gains tax of 10 percent on stock market gains exceeding Rs 1 lakh, resulting in volatility in forex market.
Foreign brokerage Bank of America Merrill Lynch (BofA-ML) today retained its cautious stand on the markets and warned that the Sensex would fall to 32,000 by December 2018, especially after the Budget decided to slap long-term capital gains (LTCG) tax on equity investment.
The government today announced a dedicated affordable housing fund under the National Housing Bank (NHB) to boost demand and supply of low-cost homes.