Will Budget 2018 Fulfil Aspirations of Income Tax Payers?
- Author: Kelly Blake Feb 01, 2018,
Feb 01, 2018, 0:51
Capt Abhimanyu said the Central government had taken several welfare decisions during the last three-and-a-half years.
BOOSTING AGRICULTURE SECTOR: Agriculture is the prime sector in India & all attempts are being made to improve it.Government is committed to doubling of farmers' income by 2022. The budget proposals are also expected to focus on addressing tax provisions that impact flagship programs of the government, such as "angel tax" that impacts Start-Up India, and MAT on debt restructuring that worries the working of the Insolvency and Bankruptcy Code. Hitting out at the Opposition for stalling the triple talaq Bill, Modi said, "In the last session it was our effort and the nation had high hopes that there won't be any politics on crucial issues like Triple talaq so that Muslim women get their rights".
Players in the Fast Moving Consumer Goods sector expect the government to make labour markets more attractive and resume stalled infrastructure projects to create more jobs across sectors. With the United States substantially cutting corporate tax, the minister will also need to keep India's tax rate globally competitive, say experts. The world is optimistic about India.
PUSH TO EDUCATION: Education is important for overall development of the country. Since 2014-15 the finance minister Arun Jaitely has reiterated his commitment for the consolidation of fiscal deficit, nearly in all his budget speeches.
BJP demands withdrawal of FIR against army in Jammu and Kashmir
Within in no time their numbers swelled to 200-250. "The mob tried to lynch the individual and snatch his weapon". A Major, who led the Army personnel at the time of the incident, was also mentioned in the FIR.
Citing sources, a report in Business Standard quoted that the government may announce reduced rates of deductions from women's salaries for various schemes managed by the Employee Provident Fund Organisation.
It was reported that the government might increase the tax exemption limit of Rs 1.5 lakh to Rs 2 lakh.
"Tax uncertainty results in an increase of risk when investing in any given project drives investors to either withhold investments or require a higher rate of return to account for this risk, thus raising the cost of capital in the uncertain market", she said.
REVIVING BANKING SECTOR: Banks struggling with the financial crisis and NPAs have great expectations from the budget.
Trump takes center position in polarizing immigration debate
President Donald Trump shares responsibility for the shutdown because he bungled a bipartisan deal to let numerous Dreamers stay. Moreover, both parties should be ecstatic that they could pass a major bill that the nation almost unanimously supports.
The Budget cycle lasts 12 months, from April 1st to March 31st.
RELIEF IN OIL SECTOR: People expect that the government will provide relief from rising petroleum prices by reducing excise duty on petrol and diesel. Through the Budget presentation, the Finance Minister can provide a larger mandate and direction to the GST Council so that frequent knee-jerk decisions, that now emanate after the GST council meetings once in a while, are done away with and a much more thought-induced working is put in order.
"We may see policies aimed at eliminating supply side barriers to in agricultural markets while also trying to increase the efficiency with which markets function".
What is in Trump's framework for immigration legislation
KELLY: Before we get to the criticism, let's lay out what is being criticized - quick recap of what the White House is proposing. The differences over the White House proposal could be seen in Southern Baptists in the Republican caucus.