Page 94 - Budget 2022 News

Budget 2018: Restrictions on using capital gains bonds to save tax

Gains from asset classes apart from property have to be invested in other instruments

Budget gave Rs 120-bn relief to salaried class, senior citizens: Jaitley

Observing that India has missed the tag of fastest growing economy by 0.1 per cent, Jaitley said, that as per the IMF, India will again become the fastest growing economy

Centre's FY19 mop-up from cess, surcharges to be higher than budgeted capex

The govt hopes to collect Rs 3.02 trillion from cess and surcharges in 2018-19; by comparison, entire capital expenditure for FY19 is pegged at Rs 3 trillion

Budget 2018: How Jaitley's circle rate move will impact real estate deals

If a property's sale value is up to 5 per cent below its circle rate, the buyer and seller won't need to pay additional tax

Budget 2018 to aid growth, but with higher inflation, weaker fiscal balance

The inescapable inference is that govt now finds it extremely difficult to get the deficit down to 3%

Be ready to pay more at restaurants as dining out could become costlier

With the customs hike on imported foodstuff and key ingredients in Budget 2018, dining out is set to get dearer

Budget 2018: Allocation for affordable housing doubled to Rs 8 billion

Budget revises allocation for EWS and LIG categories under PMAY

Higher MSPs won't help: Budget 2018 has other steps to allay rural distress

MSPs for many crops are already higher than 1.5 times the paid-out costs and the estimated value of family labour

Budget 2018: Digital India needs a big step up

The Budget's focus on inclusivity is expected to translate into an increase in domestic demand accompanied and driven by technology

Centre sees its GST compensation to states at Rs 900 billion for FY19

Estimated compensation to states is almost 4% of total Budget size; the amount is likely to stay unchanged for FY20 and FY21 as well

There was no application of mind while preparing Budget 2018, says Sinha

The budget did not follow the FRBM (Fiscal Responsibility and Budgetary Management) Act as well, FM said

Task to strengthen public finances left to next govt after 2019: Fitch

However, the budget target revisions are modest, and are balanced by positive reform momentum and a strong economic outlook, the US-based agency said

Budget 2018 LIVE: LTCG tax upsets market, Jaitley punctures Bitcoin bubble

Finance Minister Arun Jaitley delivered Union Budget 2018-19 speech. Get live updates on Budget 2018

RBI to turn hawkish, keep rates on hold through middle of 2019: Poll

When asked at what level of inflation the RBI would consider taking rates higher, the consensus was 6 per cent, the upper limit of the central bank's inflation target

Markets slump: Will govt scrap LTCG tax? Adhia says will 'look into' fixes

Finance Secretary Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley

Budget impact: RBI in a fix, market eyes rate hike amid confidence crisis

Governor Urjit Patel needs to keep interest rates low to ensure Prime Minister Narendra Modi can bridge a widening fiscal deficit

Budget 2018 I-T relief for individuals: No more notices for filing mismatch

I-T department will stop sending demand notices to individuals even when it finds discrepancies in the income reported by them in their returns when matched with the data from third-party entities

Budget impact: RBI may keep policy rates unchanged, talk tough on inflation

We expect the Monetary Policy Committee to tilt towards a hawkish tone from its neutral tone, say economists

Budget 2018: Jaitley creates two funds worth Rs 100 bn for animal husbandry

Taken together, the value of new funds is around 30% more than total budgetary allocation for entire agriculture ministry

CRISIL SME TRACKER: Budget 2018's focus on MSMEs to spur job creation

The MSME sector employs over 111 million people and contributes nearly 31 per cent of India's GDP