The estimate for next year is based on prudent assumptions for tax revenue growth
India is already enjoying the reputation of being the first country to impose Equalisation levy
A serious illness can be a crushing financial burden for many Indian families, with out-of-pocket expenditure constituting well over 50% of the country's total health spending
FY18 collections lower despite additional RBI transfer
There is a promise in the Budget of smoothening out the frictions faced by MSMEs in doing business
The fertiliser subsidy is projected to rise eight per cent to Rs 701 billion in 2018-19, as against Rs 649.7 billion in the Revised Estimates for 2017-18
The FM has talked of income tax buoyancy of 1.9 to 2.1, and using a nominal GDP assumption of 11.5% for FY 19, yields the desired numbers
The fiscal deficit for 2017-18 is 3.5% of GDP, 0.3% higher than presented in last year's budget
In his Budget speech, Finance Minister Arun Jaitley said there was potential for domestic value addition in certain sectors
There is little on the economic vision side with which anyone would disagree
In this Budget, a 10 per cent tax has been imposed on the dividend paid by equity mutual funds. Earlier, the dividend was tax-free in the hands of the individual investor.
Dividend/surplus of the RBI, PSBs and financial institutions is budgeted at Rs 548.17 billion in FY19
With double the allocation for Digital India, the government is clearly committed to improving accessibility across the country
The budget has shown fiscal prudence by limiting the fiscal slippage from the target set earlier
The revision in the fiscal deficit target for the year 2018-19 to 3.3% of the GDP is an area of concern
The result of the Budget will also get sufficient time to be understood and absorbed
There has been no substantial reduction announced in taxes on petrol and diesel
I am happy with the push to Mumbai suburban rail network with a budget allocation of Rs 11 billion
Again, this year no provision is made towards culture-building and the arts, this is a massive oversight that will cost us dearly in the future
I am sure the Budget will gain some political mileage for the present government. But it's okay as long as something good comes out of it