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Tag: Budget 2018

Jual Oram
Odisha not utilising Central funds: Union Minister

New Delhi/Bhubaneswar: Union Tribal Affairs Minister Jual Oram on Friday lashed out at the Odisha government alleging that it has been incompetent in utilising the funds sanctioned by his ministry. Addressing a presser in New Delhi, the Union Minister said Odisha gets around Rs 400-Rs 600 crore from Tribal Affairs Ministry every year but only […]

Customs duty hike on mobile phones set to hurt consumers

New Delhi: In a bid to protect domestic smartphone manufacturers, Finance Minister Arun Jaitley on Thursday hiked customs duty on mobile phones to 20 per cent from 15 per cent — a move that will force foreign players to pass on the burden to consumers. “Customs duty on import of mobile phone parts will be […]

No relief in I-T rates, but cess hiked

New Delhi: Finance Minister Arun Jaitley on Thursday did not provide any relief in the income tax rates for 2018-19, but increased the cess levied on it by 1 per cent to raise Rs 11,000 crore. “The government had made many positive changes in the personal income-tax rate applicable to individuals in the last three […]

Railways get largest-ever allocation of Rs 1.48 lakh crore

New Delhi: Stressing on boosting the safety aspect of Railways and its carrying capacity, Finance Minister Arun Jaitley on Thursday announced the largest-ever allocation of Rs 1.48 lakh crore capital expenditure for the Indian Railways in 2018-19. “Railways capex for 2018-19 has been pegged at Rs 1,48,528 crore,” Jaitley said in his Budget speech. The […]

Ayushman Bharat, World's biggest health care scheme

New Delhi: Terming it as the world’s largest government funded healthcare programme, Finance Minister Arun Jaitley on Thursday announced the National Health Protection Scheme under which Rs 5 lakh cover will be provided a year to 10 crore poor and vulnerable families in the country. “We are now launching a flagship national health protection scheme […]

Rs 1 lakh cr to boost research, PM Fellowship for B.techs: Jaitley

New Delhi: A “major” initiative to boost research with a budget of Rs 1 lakh crore in four years, Eklayva Model boarding schools in tribal majority areas, and Prime Minister Fellowship for B.Techs, were the highlights in the education sector of the Budget proposals presented by Finance Minister Arun Jaitley on Thursday. “To set-up investment […]

Corporate tax cut to 25% for firms with upto Rs 250 cr turnover

New Delhi: In line with its promise of cutting Indian corporate tax in a phased manner, the government on Thursday announced that it would be reduced to 25 per cent from the coming fiscal for companies which had a turnover up to Rs 250 crore during 2016-17. Presenting Budget 2018-19 in the Lok Sabha, Finance […]

'Positive' budget lays foundation for 8% growth: NITI Aayog

New Delhi: Terming it a “positive budget”, NITI Aayog Vice Chairman Rajiv Kumar on Thursday said the 2018-19 Union Budget laid the foundation for achieving an eight per cent GDP growth rate by addressing the biggest challenges of transforming the agriculture sector and generating employment. “It is indeed a positive budget… Not only did the […]