CHALLENGES IN ▫. Risks of further global slowdown and turbulence. ▫. Additional fiscal burden due to 7th Central Pay Commission. Medium Term Fiscal Policy cum Fiscal Policy Strategy Statement PDF File Opens in a new window · Implementation of Budget Announcements PDF. Receipt Budget (Full) PDF File Opens in a new window estimates of Receipts shown in Annual Financial Statement and Receipts Budget PDF File Opens in a.
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Budget Highlights (Key Features) PDF File Opens in a new window · Budget Speech Union Budget of India. The Budget documents presented to Parliament comprise, besides the Finance Minister's Budget Speech, of the following. THE BUDGET. Speech by the Financial Secretary, the Hon John C Tsang moving the Second Reading of the Appropriation Bill performance of the Indian economy during FY to provide a context for the Union Budget Improved economic growth in.
This would enable students to virtually attend courses taught by the best faculty National Testing Agency to be set-up as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutions. PradhanMantriKaushalKendras to be extended to more than districts across the country.
The allocation for Scheduled Tribes has been increased toRs. This will be done through modernisation and upgradation of identified corridors.
Railway lines of 3, kms will be commissioned in During , at least 25 stations are expected to be awarded for station redevelopment. Tariffs of Railways would be fixed, taking into consideration costs, quality of service and competition from other forms of transport A new Metro Rail Policy will be announced with focus on innovative models of implementation and financing, as well as standardisation and indigenisation of hardware and software A new Metro Rail Act will be enacted by rationalising the existing laws.
This will facilitate greater private participation and investment in construction and operation. A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology Proposed to set up strategic crude oil reserves at 2 more locations, namely, Chandikhole in Odisha and Bikaner in Rajasthan.
This will take our strategic reserve capacity to Bill relating to curtail the menace of illicit deposit schemes will be introduced.
A bill relating to resolution of financial firms will be introduced in the current Budget Session of Parliament. This will contribute to stability and resilience of our financial system A mechanism to streamline institutional arrangements for resolution of disputes in infrastructure related construction contracts, PPP and public utility contracts will be introduced as an amendment to the Arbitration and Conciliation Act The Revenue Deficit for next year is pegged at 1.
Deposits of more than 80 lakh were made in 1. Under the scheme for profit-linked income tax deduction for promotion of affordable housing, carpet area instead of built up area of 30 and 60 Sq. Budget has failed to create stimulus for job generation: Govt raises rent deduction limit for taxpayers.
Union Budget of India (2018-19)
Small steps to spur job market. Union Budget Tax proposals a mixed bag, more could have been done: Defence allocation marginally up.
Nothing radical or revolutionary. A less singeing hike. A googly that could stump the salaried class.
Cuts for flagship urban schemes. Budget A pro-poor push in hard times. Infrastructure gets the much needed push. Get ready to pay more for air travel.
2016 Union budget of India
Car prices will go up with the levy of infra cess, luxury tax. Advani, Rajnath hail Union Budget Corporate taxes: Big boys of India Inc.
Prices of branded garments may go up. Government tweaks Securities Transaction Tax.
Where the money comes from and where it goes. Make In India initiative gets a leg up. Focus on kick-starting stalled infra projects. Budget is pro-village, pro-poor, pro-farmers: Indirect taxes: More agony for the middle class. Rs 10, crore allocated to set up 5 lakh wi-fi hotspots to provide broadband access to five crore rural citizens. Disinvestment Disinvestment crossed target of Rs 72, crore and likely to reach Rs 1,00, crore in Disinvestment target of Rs 80, crore set for A National Committee, chaired by the Prime Minister, which includes Chief Ministers of all the States, representatives from across the political spectrum, Gandhians, thinkers and eminent persons from all walks of life, has been constituted to formulate a Commemoration Programme.
Commemorate th birth anniversary of Mahatma Gandhi, Father of the Nation, from 2nd October, to 2nd October Rs crore earmarked for the year for the activities leading to the Commemoration.
Taxation Initiatives No changes in the structure of income tax slabs proposed. Growth in direct taxes up to 15th January, is Extend the benefit of reduced corporate tax rate of 25 percent currently available for companies with turnover of less than 50 crore in Financial Year , to companies reporting turnover up to Rs. Deduction of 30 percent on emoluments paid to new employees Under Section JJAA of the Income-tax Act to be relaxed to days for footwear and leather industry, to create more employment.
Standard Deduction of Rs. Payments exceeding Rs. However, all gains up to 31st January, will be exempted from tax. GST collections projection pegged at Rs 7.
Govt makes PAN mandatory for any entity entering into a financial transaction of Rs 2. E-Assessment of Income Tax to be rolled out across the country to transform age old assessment procedure. Increased deduction limit for medical expenditure for certain critical illness from Rs.
Existing limit on investment of Rs 7.MAT will be applicable for startups that qualify for per cent tax exemption Direct tax proposals result in revenue loss of Rs. Economy has moved on a high growth path.
Everything About Union Budget 2017 – Download PDF
Gujral Ministry was on its way out, a special session of Parliament was convened just to pass Chidambaram's budget. SUVs, Luxury cars to be more expensive.
In case of non-deduction of tax by such entities, 30 per cent of the amount will be disallowed and taxed.
Senior citizens will get additional healthcare cover of Rs 30, under the new scheme PM Jan Aushadhi Yojana to be strengthened, generic drug store to be opened Education Scheme to get Rs.
Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Right to Education Act to be amended to enable training of more than 13 lakh untrained teachers; Integrated B.
Inflation brought under control.