From essential commodities to tax slab, what you can expect from Jaitley

Budget 2018 to test Dalal Street's faith in Modi's government

With the impact of demonetisation and GST still fresh in their memory, traders felt that the BJP-led NDA government, in its last full budget of its five-year tenure, should announce business-friendly measures to win confidence of the community. Also, this is the first union budget to be presented under the GST regime. "We are all eagerly waiting for the Union Budget, and I wish our Finance Minister a very good look for the upcoming budget plans and would like to thank him for showing sincerity and commitment to kick-start our economy and make a competitive environment in our country".

Before we begin to estimate what can be introduced or scrapped in the budget this year, it is important to understand the challenges for the Finance Minister. The halwa ceremony is based on the tradition of having something sweet before an auspicious event. The voters are expecting various largesses and reliefs from the kitty of the finance minister.

After the halwa ceremony, all government officials involved in the making of the budget are locked in North Block in a basement without mobile or internet.

When tax costs are uncertain, particularly in a foreign country, investors normally provide for them on a most conservative basis, she observed.

Klopp accuses TV of robbing Liverpool extra-time in FA Cup defeat
Coming back on track is the most important thing and now we have a few days to prepare for another hard game against Tottenham . We didn't lose the game [because of it], it had nothing to do with the result , it was only one part of the VAR issues.

KFC announces its first female Colonel
Don't get me wrong, I do love some good ol' fried chicken, but Sanders just never really enticed me to eat at the fast food chain. She may also be the first woman in KFC's almost 90-year-history to depict the Colonel.

Theresa May on China trip to boost 'golden era' of trade ties
May's trip to China comes amid continuing unrest in the Conservative Party at home, with speculation mounting over her future. CGTN's Tang Bo has the details on her coming visit. "My visit will intensify the " Golden Era " in UK-China relations".

The ambivalence around cryptocurrency like bitcoins persists as people are not sure if these can be considered as an investment asset or how exactly earnings (or losses) from bitcoin trading are taxed. The Indian brown briefcase is a descendant of this colonial tradition.

Last but not the least, the Union Budget will continue to focus on the agrarian economy as rural India has always been the fulcrum of Modinomics. He was photographed with the leather bag just before entering the Parliament. The upcoming Budget 2018 is yet another opportunity for India to decisively push its digitalization strategy.

Of the Rs 10 lakh crore agri-credit target in the last Budget, Rs 6.25 lakh crore was already disbursed by September 2017 by banks, empowering scores of marginalised farmers and rural artisans.

However, this year, the Budget speech itself will hold a high degree of significance. This Budget system was established by the British Empire and is still followed by almost every country born from it. The International Monetary Fund (IMF) has estimated the growth at 7.3% in 2018/19.Capital expenditure is expected to be allotted more to growth than to subsidies.This would bring cheer to the stock market. The Union Budget will carry forward this message through strategic stake sales in PSUs. At 3.3 per cent fiscal deficit, the government's gross market borrowing for FY19 can touch Rs 7,00,000 crore. The budget will also try to pick up economic momentum as India heads into a season of elections, added reports. The employees involved in the process are kept in complete isolation (quarantine) in the Finance Ministry during this time till the Budget is presented. "The basic rate of corporate tax in India at 30% is higher than the rates prevalent in the other major Asian economies, making our domestic industry uncompetitive", he had said in his budget speech, significantly adding that the effective collection of corporate tax is about 23%.

Related News:



Most liked

U issues alert, roads closed near East Bank hotel
University Police Chief Matt Clark says officers have been talking to a man for some time, trying to convince him to come out. According to the University, East Bank roads near the Hotel are closed due to the situation at the hotel Monday morning.

Tuesday forecast: sunny and windy, high 44
This system looks to move out of the region by Sunday with a mild start to the next work week with highs in the 50's. Skies will remain mostly clear, and temperatures will continually warm from the 50s to the low 40s through midnight.

Schmid not ruling out possibility of Ibra signing for Galaxy
The 116-cap former Sweden worldwide striker joined Man Utd in 2016 after his contract with French giants Paris Saint-Germain expired.

Indefinite Suspension Of Production On Blake Lively's Spy Thriller!
However, the thriller has been set for a February 22, 2019 release by Paramount, which handles worldwide distribution. Blake Lively Back to Filming "The Rhythm Section" Post-Arm Injury - With a Whole New Hair Color and Style! .

OnePlus 5T OxygenOS Beta 3 Brings iPhone X-like Navigation Gesture Control
The company promised Oreo update for OnePlus 5T in early 2018 and the latest beta build means we're closer to the stable rollout. For those willing to join can do so by flashing your smartphone, and installing the full ROM which can be downloaded here.

Houston Rockets: What to watch for against the Magic on January 30
Despite building up a 17-point halftime lead, the Magic proceeded to throw it all the way en route to a 114-112 road defeat. Also worth noting is that Harden shot 63 percent from the field and was responsible for 86 of his team's points.

William Blair Analysts Cut Earnings Estimates for Harley-Davidson Inc (HOG)
Exxonmobil Invest Management Tx reported 0.04% of its portfolio in Harley-Davidson, Inc. (NYSE:HOG) has been trading recently. The firm operates in three divisions: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Manchester City Sign Aymeric Laporte For Club Record £57m
Laporte left to play for Manchester City after his clause of 65 million euros ($80 million) was paid on Monday. Aymeric Laporte has signed his Manchester City contract and only an official announcement is now missing.

Modi government drops plan of orange passport; last page to retain address
The panel had been formed to deal with issues related to the passports for children of single parents and adoptive parents. MEA had to face severe criticism over this decision, as Kerala High Court had issued a notice to MEA, over this decision.

Rahul Gandhi's Jacket At Rock Concert Fashions BJP's "Soot-boot" Comeback
He accused the BJP and the NPP of using money power ahead of the assembly election. Mr Gandhi also addressed the Meghalaya PCC Executive Meeting yesterday.

Two More LGBT Athletes To Compete In Winter Olympics
Many South Koreans have complained that the unified women's hockey team - the only such joint team to be formed - was unfair to the South Korean players.

Paul Simon's 'Farewell Performance' announced for huge United Kingdom show
The 76-year-old singer/songwriter will close the festival with a performance billed as Homeward Bound: The Farewell Performance . No word yet on if this is indeed Simon's last show but Simon has mulled over retirement before, calling it "an act of courage".

Bella and Gigi Hadid Pose Nude for British Vogue Cover
Meanwhile Bella faces the camera face-on, her dark hair contrasting her bright eyes and dewy complexion. Many users claimed that they didn't recognize Bella , while others called the cover "disturbing".

Amazon's Alexa can now send text messages
If the person you're sending the message to is saved in your Android phone's address book, just say their full name when prompted. Simply launch the Alexa app on your phone and go into the Conversations tab, then tap Contacts My Profile Send SMS .

Brain 'Pacemaker' Tested in Alzheimer's
After DBS, she could independently initiate preparations of a simple meal, assemble ingredients, and cook the meal. But for the first time, doctors implanted thin electrodes in the frontal lobe of three patients with Alzheimer's.