Budget

Interim budget may focus on wooing voters rather than boosting specific industries while funding announcements without implementation guidelines will not suffice, writes Anuj Puri, Chairman – ANAROCK Property Consultants.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested reduction in the corporate tax rate across the board to 25% (irrespective of turnover) to spur economic growth and increase overall tax collections.

The Government has sanctioned Rs.4,465.02 crore for the “Development of Gandhi Circuit: Bhitiharwa-Chandrahia-Turkaulia under Rural Circuit theme of Swadesh Darshan Scheme”.

The Government has infused Rs.88,139 crore in Public Sector Banks (PSBs) during financial year (FY) 2017-18 as part of recapitalisation of Rs.2.11 lakh crore announced in October 2017.

Soften Impact of Rising Oil Prices, calls Shah Shah calls for cut in excise duty on oil. At a time when Indian economy is on a recovery path, rising oil prices are again posing a high risk to India’s growth...

Goyal says Govt means business Minister of Railways Piyush Goyal said the proposal in the Budget 2018-19 shows sensitivity to the poor and marginalized sections of the society as well as focusses on speed of project execution. The budget seeks...

Vigorous democracy clamour for higher spending Finance Minister Arun Jaitley’s decision to relax on fiscal consolidation to give himself more room to spend is a questionable, and by far the most disappointing decision of this budget, said Dr. Duvvuri Subbarao,...

Puri lists out projects in progress Puri briefing media on Housing and Urban budget. Ministry of Housing & Urban has been allocated Rs.41,765 crores for 2018-19, an increase of nearly 3% over last year, said Minister of State in-charge Hardeep...

Two defence industrial corridors proposed India has raised its defence budget to Rs.2.95 lakh crore, about Rs.94,000 crore whic if for purchase of military hardware -- artillery guns, warships and fighter aircraft. Tabling the budget on 1 Feb 2018, Finance...

Self-financing PPP model to implement projects     Bengaluru and Mumbai will get high-speed suburban rail networks, Finance Minister Arun Jaitley announced in his Union Budget FY19. "A suburban network of approximately 160 kilometres at an estimated cost of Rs...