GST collections have been coming down and reached a low of Rs 800 billion in November
The chief Business Officer of 99acres.com lists the various demands of the real estate sector from Finance Minister Arun Jaitley's Union Budget 2018-19 and explains how they could help the sector
New Delhi, January 18At the pre-Budget consultations of Finance Minister Arun Jaitley with state finance ministers on Thursday, ministers representing state governments run by Congress, Left parties and regional parties flagged the revenue drop faced by states after the goods and services tax (GST) roll out and flagged agrarian distress.Bihar Deputy Chief Minister Sushil Modi, who represented the Janata Dal (United)-Bharaitya Janata Party (BJP) coalition government in his state, demanded more central assistance for key schemes and revise wages for unskilled workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). He suggested the Centre advance the fiscal year to start from January 1, and increase income tax exemption limit from Rs 250,000 to Rs 300,000.Punjab Finance Minister Manpreet Singh Badal asked the Centre to announce a farm debt waiver for the entire country on the lines of the one announced by the Congress government in Punjab.Kerala finance ...
The next budget needs to have several policy measures to give a stimulus to the agricultural sector, Icra said
Why do we spend nearly Rs 4 trillion on defence while allocating just about one-fifth of that for education and one-eighth for health?
PwC and Business Standard look at the current scenario in India's banking sector, the issues facing it and what the industry expects from Finance Minister Arun Jaitley in upcoming Union Budget 2018-19
Nadda sought a 'bare minimum' budget of nearly $10 billion for 2018-19, which is 33% higher than last year
The Union Budget for 2018-19 will be presented in Parliament on February 1
India is doing very well internationally and is 13th in terms of foreign tourists arrival and 7th in the Asia Pacific, the minister said
The FY19 Union Budget is expected to be a populist and more spending towards social sectors
In December last year, the Centre had stated that it would raise an additional Rs 500 billion from the market in this financial year
A suggestion for Finance Minister Arun Jaitley before Union Budget 2018-19 would be to increase the definition of period of holding from one year to two years
The industry is also seeking relaxed FDI regime for multi-brand retail trade as also incentives to be provided for setting up warehousing and cold-chain storage facilities
One way the government could give job creation a boost is by tweaking taxation laws to provide companies an incentive for hiring
The ONGC-HPCL deal is likely to fetch the government Rs 300 billion, the report said quoting sources
Industry wants the government to focus on reducing timelines from project conception to completion
Arun Jaitley is the 24th finance minister to present India Budget on the floor of the House since Independence. Before Budget 2018, as many as 88 Union Budgets, including interim, have been presented
Railways recently revised the criteria for making urban and suburban stations eligible for installation of escalators