Modi's government pledged in 2015 to bring down corporate taxes over four years to improve India's investment climate
FM Arun Jaitley's Budget 2018 speech highlights
Launched in April 2015, Rs 4.6 trillion credit has been sanctioned under the scheme so far to 10.38 crore beneficiaries
Globally, most of the financial centers host unified regulator to promote these
There is no need for a taxpayer to keep proof of expenses such as bills for medical. The move will reduce the income tax liability of salaried class besides reducing paperwork.
Prime Minister Narendra Modi has delivered the election-year budget many expected.
Moody's rates India at "Baa2" with a "stable" outlook
The outlay for defence budget amounted to 12.10 per cent of the total budget of Rs 24.42 trillion for 2018-19
Reduction of a woman's contribution to 8% increases her take-home pay; standard deduction of Rs 40,000 offered
Jaitley's Budget 2018 speech was more on the expenditure side, with higher allocations being announced for infrastructure and social services
Finance Minister Arun Jailtey laid the plan for the coming year. He said that there would be no changes in income-tax brackets
Starting April 1, 2018 all the listed shares held for more than one year will suffer a 10% tax
Finance Minister Arun Jaitley announced the launch of National Health Protection Scheme to insure the secondary and tertiary care expenses of 100 million poor families
The finance minister said the Indian economy is getting more formalised post note ban as more and more transactions now happen digitally
The minister also said the government has begun strategic disinvestment in 24 public sector units (PSUs), including national carrier Air India
The mid-and-small-cap segments will be impacted heavily as these two were the main segments where investors made the most money.
Gains above Rs 100,000 made on sale of mutual funds and listed stocks will be taxed at 10% after a year