Page 117 - Budget 2022 News

Budget 2018: Cut in petrol, diesel excise duty in Oil ministry's wishlist

Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.

Budget 2018: Govt to extend Modi's flagship PMJDY scheme, double overdraft

The financial inclusion scheme could also reportedly see the overdraft amount sanctioned under it double as the government looks to use it to promote entrepreneurship by providing bank loans

Budget 2018: Disinvestment dept asked to bring Rs 1 trillion before March

The impressive numbers will come in handy for Finance Minister Arun Jaitley to hew close to the budgeted fiscal deficit number of 3.2% of GDP

Budget 2018: Fiscal deficit number to be close to target of 3.2% of GDP

In what could be the first time for the rail ministry, the finance ministry may cut its GBS by Rs 150 billion

Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow

All short-term crop loan accounts are being Aadhaar-linked from the current year

Budget 2018: Increase tax exemption limit to Rs 300,000, says SBI report

The government has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15

Budget 2018: Rs 30 bn for 1.2 mn CCTVs in all 11,000 trains, 8,500 stations

Currently, there are about 395 stations and about 50 trains that are equipped with CCTV systems

Union Budget 2018: Raise funds for education, tax relief under GST, says Assocham

Actual public expenditure over the years even after the additional revenue garnered through levies of education cess surcharges for education, however, was only around four percent

Budget 2018: Centre ready to take a hit over crop minimum support price

The scheme could cover all commodities for which the Centre fixes MSP, except wheat and rice

Expecting a populist Budget 2018? FM's hands could be tied by fiscal constraints

The Finance Minister is in an unenviable position of having to meet multiple expectations ranging from that of corporates or businesses seeking "relief" after GST implementation

For Budget 2018, FM Arun Jaitely skip WEF 2018 summit at Davos

Jaitley will present the Union Budget, the fifth and final one of the current the government, on February 1

Union Budget 2018 to bring income tax cheer? Here's why this EY survey thinks so

About 59% of the respondents were of the view that multiple outdated deductions would be replaced with a standard deduction in order to reduce the tax burden of employees

Budget 2018: Expect rural boost, relief for middle class through tax cut

The focus on infrastructure spending to revive the capex cycle should see higher allocations for roads, railways, power programmes

PM Modi indicates Budget 2018 may not be populist, open to more changes in GST

The PM also rejected criticism of providing jobless growth, saying "lies" were being spread about employment generation

Budget 2018: Budgetary support for Indian Railways to be cut by 27% in FY18

The revised support for 2017-18 will be 13% less than the Revised Estimates (RE) of Rs 463.5 billion in 2016-17

Union Budget 2018: This is what the automobile sector wants from FM Arun Jaitley

The automotive industry wishes for fewer GST slabs for vehicles and streamlining of compliance processes. Automotive component GST rates may be standardised to 18%.

Jaitley should contain fiscal deficit in Budget 2018: Noted economist

The government is aiming to contain fiscal deficit for the current fiscal at 3.2 per cent of GDP

Domestic, global taxation: Will Budget 2018 clear the haze around BEPS?

The government is already under pressure to lower the corporate tax rate to 25%, especially after US rates were cut from 35% to 21%

Budget 2018 to be historical; Railways' capital investment to triple: Goyal

Goyal also said that the Mumbai local train would soon be revamped and all issues would be solved in the coming five years

Budget 2018: Animal rights body wants funds for cow shelters, grazing land

The Federation of Indian Animal Protection Organisations has also demanded increased funds for street animal care through the Animal Welfare Board of India