Page 6 - Budget 2018

Budget 2018 allocates Rs 89.6 bn to Dept of Space for satellite launches

The Centre has allocated around Rs 89.63 billion for Department of Space in the Union Budget for 2018-19. While the allocation is slightly lesser than last year's allocation of Rs 90.92 billion, experts point out this should be looked on the backdrop of Isro's effort to rope in private industries and growing revenue of Antrix.While in the Budget Speech there was no mention on the Space Department, which has achieved several milestones last year, according to output Outcome Framework for Schemes 2018-19 shows the allocation will be towards preparing launch vehicles and satellites which would help the country especially during disasters.Of the Rs 89.63 billion, major chunk or around Rs 65.76 billion budgeted towards R&D and realising spacecrafts and launch vehicles. These include, three earth observation space-crafts , four PSLV flights, one GSLV MK-III flight and one GSLV.The Centre want to augment the space infrastructure to provide continunity of EO services with improved ...

Budget 2018: Modi govt uses Finance Bill to extract spending room till 2024

Changes in FRBM Act, through Finance Bill, will also ensure govt does not have to report revenue deficit

It is not protectionism of kind other countries are doing: Hasmukh Adhia

When you give more MSP to farmers, the middlemen's share comes down but the final price remains the same: Hasmukh Adhia

Budget 2018 impact: Steel sector to see a marginal increase in fuel cost

India imports nearly 85 per cent of its annual coking coal requirement of about 57 million tonnes

Murmurs of discontent among NDA allies over election-year budget

Not just the Sena and TDP, some of the BJP's allies in Bihar have also taken to complain that their concerns are being neglected

Budget 2018: InvITs lucrative option for road, power transmission projects

Of the various government-owned assets in the roads and power sectors, power transmission projects and road assets built in the EPC model are the likely candidates for an InvIT in the near future

Budget 2018 impact: 10% surcharge on customs duty to pinch power sector

India would lose competitive edge while exporting in a highly fluctuating market

Budget 2018: Imports will not decline with Customs duty hike, say experts

While component makers, including tyre manufacturers, are a happy lot, foreign automobile companies, whose volumes are low and depend on imports (such as BMW and Mercedes) are unhappy

Budget 2018: Tax loophole plugged for corporate mergers and amalgamations

This, however, would not affect the merger between Idea Cellular and Vodafone India as both companies were making losses

Budget 2018 impact: Govt volte-face on insurance merger surprises regulator

The ratio measures to what extent an insurance company has capital to meet claims from all the business it has covered

Govt may form experts' panel to ensure farmers benefit from MSP scheme

The decision on an ideal mechanism to ensure maximum benefit to farmers might be announced ahead of the kharif sowing season in June

Budget 2018: Proposal on A-rated paper likely to deepen bond market

The Union Budget proposals said corporate bonds rated 'BBB' or equivalent are investment grade

An anodyne Budget with a sting

In last four years PM Modi has restored the original purpose of the Budget to raise revenue in small bits and to spend, perhaps wisely, in small bits

Shekhar Gupta: India's middle of nowhere class

Governments treat the middle class rudely and squeeze taxes out of it because it is the usual suspect - without lobbies or electoral power

Budgeting for love

The life may be a bed of roses after all, but only if it's budgeted in the first place

The Budget for people like them

Budget 2018 had left with more questions than answers

Budget 2018: From the back pages

The Budget appears even less persuasive than it did before

Rupee weakens further by 4 paise on net borrowing, fiscal deficit woes

Post Union Budget 2018 announcements yesterday, rupee nosedived 44 paise to a fresh two-week low

Budget 2018: UP's share in central taxes up 15% to Rs 1.40 trillion in FY19

The share of Central GST in the projected UP's share of the central taxes is over 30% at over Rs 450 billion

NITI Aayog, Agri ministry, states to work on boosting MSP: Arun Jaitley

On corporation tax, FM argues that a reduction in rates is possible only when exemptions are phased out