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.

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.

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:

  • Dundee Movie Is Super Bowl 2018 Ad For Tourism Australia

    Dundee Movie Is Super Bowl 2018 Ad For Tourism Australia

    That's on top of Danny McBride as the son of Mick Dundee , and Chris Hemsworth as a not-so-bumbling sidekick. The interest kept building with another teaser for #DundeeMovie being released starring Hugh Jackman .
    LANE | IU never really in it in loss at Ohio State

    LANE | IU never really in it in loss at Ohio State

    Ohio State is second in the Big Ten in margin of victory, beating teams in conference by an average score of 76.6-63.5. It will be a tough turnaround for the Hoosiers, however, coming off the close loss to Purdue just two days ago.
    Brokers Recommendations on: Chesapeake Energy Corporation (NYSE:CHK)

    Brokers Recommendations on: Chesapeake Energy Corporation (NYSE:CHK)

    Shares of Chesapeake Energy Corporation ( CHK ) changed at hands on active volume along the stock price move of -3.00% to 3.88. The stock has "Buy" rating by Deutsche Bank on Thursday, July 30. (NYSE:CYH) on Thursday, October 27 to "Underperform" rating.
  • Schmid not ruling out possibility of Ibra signing for Galaxy

    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.
    DMX Going Back To Jail For Allegedly Failing Drug Tests

    DMX Going Back To Jail For Allegedly Failing Drug Tests

    The rapper reportedly violated his probation for tax evasion and will now face jail time. Richman added that he will attempt to get the rapper back into a rehab program.
    Samsung registers $39.30 billion net profit in 2017

    Samsung registers $39.30 billion net profit in 2017

    Sales rose 23.7 percent to 65.9 trillion won in the October-December period from a year earlier, also marking a quarterly record. Samsung Electronics announced a 50:1 stock split on January 31, prompting urgent newsflashes in many South Korean media.
  • President Trump Delivers His First State Of The Union

    President Trump Delivers His First State Of The Union

    Some Democrats boycotted his address to Congress last year, but now it seems that even more have decided not to attend this year. The effort to avoid the term "presidential" stemmed from praise that Trump received for an address before Congress a year ago .
    Amazon's Alexa can now send text messages

    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 .

    Are Analysts Turning Critical? Microchip Technology Inc. (MCHP), Valero Energy Corporation (VLO)

    In other news, CFO James Eric Bjornholt sold 2,510 shares of the firm's stock in a transaction that occurred on Monday, May 22nd. South Dakota Investment Council decreased Intel Corp (NASDAQ:INTC) stake by 42,500 shares to 1.51M valued at $57.33M in 2017Q3.
  • Tuesday forecast: sunny and windy, high 44

    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.
    Quake  strikes Afghanistan; tremors felt in Delhi

    Quake strikes Afghanistan; tremors felt in Delhi

    There were reports of tremors in various towns of Khyber Pakhtunkhwa, Balochistan and Islamabad, besides Afghanistan and India. Natural disaster of magnitude 6 .1 on Richter scale struck Hindu Kush mountains in northern Afghanistan on Wednesday.
    Rahul Gandhi's Jacket At Rock Concert Fashions BJP's

    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.


Most liked

Melbourne to host 2020 World T20 finals
Smith is already "already looking forward to 2020" after leading his team to victory in the 2015 World Cup. It's the first time the men's and women's competitions have been split when both played in the same year.

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.

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.

Tom Brady defends his daughter after she was bullied on radio
But I certainly don't think that my children or anybody else's children deserve to be in that. Maybe I'll speak with you guys some other time", he added, before ending the interview.

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.

Capitec and PSG shares on rollercoaster ride after Viceroy report
SARB said as part of its mandate, it monitors the safety and soundness of all banks, including Capitec Bank Limited (Capitec). Viceroy had called for the Reserve Bank to place Capitec under curatorship as it deemed the bank a mere "loan shark'".

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".

Key Republicans Support Mueller Handling of Trump Probe
Republican lawmakers on Sunday grappled with the potential need to protect special counsel in light of a report that said called for his firing a year ago .

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".

Trump signs executive order to keep Guantanamo Bay open
US diplomats have been instructed to inform relevant embassies of the change in policy following the State of the Union speech Tuesday night.

Cork busker Allie Sherlock wows audiences on the Ellen Show
As for if she sees an end in sight, the Finding Dory star hasn't really thought about it. During the show , Ellen gave Allie a special present that will help with her busking.

Meghan Markle changes script to speak at her royal wedding
Luckily, Meghan and Harry seem to be very hands-on and they're not afraid to break royal protocol to make the day their own.

Blake Bortles will be Jaguars starting QB in 2018
Chad Henne started the next preseason game, against Carolina, but Bortles was named the opening day starter on August 26. The ESPN report says the surgery repaired a small tear and Bortles is expected to make a full recovery.