The Budget allocation for Ministry of Agriculture and allied activities has grown by 114% since 2010-11
Jurisdiction-free e-assessments, gradual reduction in personal tax rates in line with changes in corporation tax and enhanced tax breaks for education of kids are among other key demands
Annual budget in simple language means a projected income and expenditure for the entire 12 months. The Annual budgets apply to a fiscal year or calendar year.
The success of these startups largely depends on government policies, rules and regulations. With budget 2018 just around the corner, there is a lot on every startup's wish list.
India's yearly Union Budget is when the government lay out its finances, estimates, policies and much more. This is also when the government accounts for its revenue and expenditure.
Tax relief is expected both by personal income tax and corporate tax payers in the Budget 2018. One of the most anticipated developments from the Budget 2018 is revision of the tax slabs.
The Budget 2018 is not expected to be a popularist budget. A fine balancing act is required by the FM to address various issues plaguing the economy along with observing fiscal prudence.
Experts believe that budget 2018 will be no different in fact the FM is expected to focus more on rural India and its economy with renewed vigor.
Gross Fiscal Deficit means the difference between revenues and the expenditure of the government.
Budget 2018 will mostly look to kick start the economic growth after the recent growth slump and concerns.
The Budget session will start from 29th January and the Union Budget will be tabled on 1st February.
Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
The financial inclusion scheme could also reportedly see the overdraft amount sanctioned under it double as the government looks to use it to promote entrepreneurship by providing bank loans
The impressive numbers will come in handy for Finance Minister Arun Jaitley to hew close to the budgeted fiscal deficit number of 3.2% of GDP
In what could be the first time for the rail ministry, the finance ministry may cut its GBS by Rs 150 billion
The farm credit target is likely to be raised by a whopping Rs 1 lakh crore to a record Rs 11 lakh crore in the Budget 2018-19 to improve credit flow in the agriculture sector, according to sources.In the current fiscal, the government has kept a credit target of Rs 10 lakh crore. Of which, Rs 6.25 lakh crore has already been disbursed in the first six months till September 2017, the government data showed."The government's priority is agriculture. There is a possibility that the credit disbursal target for the agriculture sector will further be increased to Rs 11 lakh crore for the next fiscal," sources said.Since credit is a critical input in achieving higher farm output, the institutional credit will help delink farmers from non-institutional sources of credit where they are compelled to borrow at usurious rates of interest, they said.Normally, farm loan attracts an interest rate of 9 per cent. But the government has been providing interest subvention to make available short-term ..
The government has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15
Currently, there are about 395 stations and about 50 trains that are equipped with CCTV systems
Actual public expenditure over the years even after the additional revenue garnered through levies of education cess surcharges for education, however, was only around four percent
The scheme could cover all commodities for which the Centre fixes MSP, except wheat and rice