Page 2 - Budget 2018

Fiscally, we are anti-Keynesian

Achieving fiscal balance should be govt's long-term plan, but the glide path should be a function of the state of the economy, with flexibility to overshoot during tough times

Corporate bond norms by Sept; investors on right path with MFs: Sebi chief

Sebi chief adds that LTCG tax to have minimal impact on Indian markets; global factors pose greater risk

Stock market bubble won't cause any major problem, says Urjit Patel

Patel said RBI and Sebi need to be cognisant of stock market movements

Budget beyond taxes--it's time to focus on non-tax part of revenue

Much more money is being collected as tax but, relative to the growing economy, the govt is shrinking. Milking poorly performing or easily marketable assets will deliver more money for key schemes

BMS calls Budget 2018 'anti-labour'; to boycott Modi's speech at ILC

The BMS has demanded the Union government to review the Union Budget 2018-19 by incorporating its demands

Budget 2018: Northern Railway gets Rs 90 bn for enhancing signalling system

Rs 3.65 billion has been set aside for video surveillance systems at 1,589 stations in the northern region

Modi's poll-winning formula: Take Budget 2018's welfare schemes to masses

PM Modi also asked BJP MPs to hold meetings at booths to take various welfare schemes announced in the Budget to the people

States may face tough times as Modicare to cost them Rs 43.3 bn per year

The scheme was announced by Finance Minister Arun Jaitley during his Budget 2018 speech and has come under fire from the Opposition, with Congress leader P Chidambaram calling it a 'jumla'

We bite the bullet on difficult decisions: FM Jaitley on LTCG tax

The FM's reply to a general debate on the Budget for 2018-19 saw heated exchanges between the treasury benches and the Opposition, particularly the Congress

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

Apple at heart of Budget 2018 customs duty hikes to encourage manufacturing

Apple keen to set up its own retail stores in India, but wants dilution in 30% local sourcing norm for single-brand FDI

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

Will the Modi govt's last full Union Budget before general elections 2019 will be a populist one? All eyes are now on FM Arun Jaitley's Budget speech on Thursday