Page 130 - Budget 2022 News
Fiscal calculations may not upset the budget plans
Govt has opportunity to borrow substantially more from market without crowding private investment
 "Fiscal calculations may not upset the budget plans")
Banks look forward for incentives to promote digital payments
There are about 40 crore smartphones while e-wallets have risen to 23 crore in less than 1.5 years
 "Banks look forward for incentives to promote digital payments")
PM Modi to meet economists tomorrow, cash crunch, demonetisation may figure
The meeting is coordinated by NITI Aayog
 "PM Modi to meet economists tomorrow, cash crunch, demonetisation may figure")
Farm allocation set to go up
Allocation for drip irrigation could be doubled to at least Rs 3,000 crore from existing Rs 1,500 cr
 "Farm allocation set to go up")
Budget to assume crude oil price of $55-$60 bbl for FY18
Opec announced it will reduce production by 1.2 mn barrels to 32.5 mn barrels a day from Jan 2017
 "Budget to assume crude oil price of $55-$60 bbl for FY18")
Exporters have high hopes from Budget 2017
EEPC Chairman TS Bhasin said demonetisation, digitisation of economy will be beneficial in long run
 "Exporters have high hopes from Budget 2017")
Govt may announce package for leather sector in Budget
The commerce ministry has asked for about Rs 7,000 crore for this programme for three years
 "Govt may announce package for leather sector in Budget")
Budget 2017: Big infra push likely to counter demonetisation impact
FY18 capital outlay could be 12-14% higher than previous financial year
 "Budget 2017: Big infra push likely to counter demonetisation impact")
FM Jaitley to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML
Fiscal deficit, gap between expenditure, revenue for entire fiscal is pegged at Rs 5.33 lakh crore
 "FM Jaitley to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML")
Poor railway performance may mar merged Budget
Railways may have to seek government loan to meet revenue shortfall
 "Poor railway performance may mar merged Budget")
Pre-Budget Rally defies history, odds
Market players say share prices are rallying on sky-high expectations from this year's Budget
 "Pre-Budget Rally defies history, odds")
Niti Aayog to come out with 3-year action plan soon
Action plan will also take into account the impact of demonetisation on the economy
 "Niti Aayog to come out with 3-year action plan soon")
The Budget should cut corporate tax rates drastically
However, the Confederation of Indian Industry has urged a reduction in the corporate tax rate to 18%
 "The Budget should cut corporate tax rates drastically")
Budget 2017: Government likely to consider dole for jobless poor
The unemployment benefit is planned as a substitute for the universal basic income
 "Budget 2017: Government likely to consider dole for jobless poor")
Don't fritter away macro gains via giveaways: Urjit Patel
He said steep interest rate subventions, large credit guarantees would impede allocation of funds
 "Don't fritter away macro gains via giveaways: Urjit Patel")
NAREDCO seeks infra status for housing sector in Union Budget
Govt should introduce necessary reforms in the upcoming Union Budget to revive real estate sector
 "NAREDCO seeks infra status for housing sector in Union Budget")
Job creation likely to be key thrust area of this Budget
This would allow workers in agriculture and services to migrate to the formal sector
 "Job creation likely to be key thrust area of this Budget")
Law on taxing indirect transfer of shares likely to be amended
Industry trackers expect Budget 2017 to see the announcement of the amendment
State governments seek more borrowing freedom to fund growth plans
Arun Jaitley has also been urged by the states to release funds under centrally sponsored schemes
 "State governments seek more borrowing freedom to fund growth plans")
Government set to overhaul public spending
Govt intends to uplift 10 million households, across 50,000 panchayats, out of poverty by 2019
 "Government set to overhaul public spending")
