In January, the decline in net inflows was mainly on account of redemption while the sales figure dropped in February
Finance Minister Arun Jaitley moved the Finance Bill 2018, which contains taxation proposals of his fifth and final budget, as well as the appropriation bill that details spendings in various departments, amid din created by slogan-shouting opposition. The bills were passed by voice vote.
The budget session will commence on March 16 and conclude on March 28. The date of presentation of the budget will be announced after a meeting with the Business Advisory Committee.
The LTCG tax burden that is applicable to equity mutual funds does not extend to unit-linked insurance plans.
Equities will remain attractive as it is will help in beating inflation consistently and by a wide margin.
Forex market sentiment turned highly volatile and reacted vehemently to some key Budget announcements triggering panic dollar buying by corporates and importers
As long as the total gain realised in the year of sale is more than Rs.1 lakh there would be LTCG implication even though the appreciation in each year is less than Rs 1 lakh
The government will target fiscal deficit as an operational target and will ensure that the fiscal deficit is 3.0 percent of GDP by 2020-21, clearly a more realistic glide path.
The market breadth was in favour of the declines on Friday morning with 222 stocks advancing while 1383 stocks declined and 409 stocks remained unchanged. On the BSE, 348 stocks advanced while 1766 stocks declined and 64 remained unchanged.
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.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
The monolith has set higher aims to build these and other assets in 2018-19 even though the targets for the ongoing year will be barely half met.
Commenting on the Budget, Rahul Puri, MD of Mukta Arts, said that the Budget was on expected lines.
“Overall - Popular but not populist budget. Budget has targeted a large section of population through govt funded healthcare, increase in agri incomes and tax relief & funding (MUDRA) for SME and MSME, says Viral Berawala, Chief Investment Officer, Essel Mutual Fund.
"Budgetary allocation of Rs 10,000 crore for developing fisheries, animal husbandry can give the necessary boost to these sectors," said Ajay Kakra, Leader - Food and Agriculture, PwC India.
The finance minister proposed to tax long term capital gains exceeding Rs 1 lakh at the rate of 10% without allowing the benefit of any indexation.
Infrastructure development has been one of key interest areas of this government as the allocation has seen a jump of approximately 40 percent in three years’ time
The section provides health insurance or preventive health check-up of a senior citizen, deduction of Rs 30000.
Fiscal deficit is a measure of how much the government borrows in a year to meet part of its spending needs.
Jaitley also said that agriculture ministry will promote cluster-based development among agri-communities and regions.
This is the first time in seven years that the government has completed the disinvestment target.
The raised farm loan target comes amid simmering discontent in India’s villages hit by crashing prices of crops and seasonal shocks.
There are the five factors you should keep a track of while analysing budget 2018.
Paneerselvam said the budget, to be presented tomorrow, would provide funds necessary for various projects as sought by the State.
Chidambaram believed in the principle that lower tax rates would boost compliance and hence make more people and corporates pay taxes.