Tag: Union Budget

Bhubaneswar: The Biju Janata Dal (BJD) will reiterate its demand for special category status (SCS) to Odisha during the budget session of the Parliament which will begin tomorrow. This was decided at the BJD Parliamentary Party meeting which was presided over by the party supremo and chief minister Naveen Patnaik at Naveen Niwas here this […]

Bhubaneswar: With just a day to go before the Budget session of Parliament begins, the Parliamentary party meeting of Biju Janata Dal (BJD) is scheduled to be held today at Chief Minister Patnaik’s residence- Naveen Nivas here on Sunday. According to sources, the meeting, to be chaired by party supremo Naveen Patnaik, will discuss the […]

Dubbing the Union budget as ‘disappointing’, chief minister Naveen Patnaik today said the State, ravaged by natural calamities, has been completely neglected while special assistance has been declared for Bihar and West Bengal

New Delhi: With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present Rs 2.5 lakhs to Rs 5 lakhs while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section already under strain since demonetisation. Though […]

New Delhi: In a rebuttal of the criticism of Budget 2018-19 pandering to the farm sector in a pre-election year at the expense of the middle class and the corporate sector, Finance Minister Arun Jaitley on Friday showed how his latest budget exercise is actually designed to boost overall economic growth with the help of […]

New Delhi: The Union Budget 2018-19 presented in the Lok Sabha on Thursday proposed 15 per cent higher subsidies at Rs 2.64 lakh crore on food, fertilisers and petroleum products. The subsidy for the fiscal 2018-19 on food, petroleum and fertilisers is estimated at Rs 2,64,335.65 crore in the last full budget presented by Finance […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

New Delhi: The last full Union Budget to be presented by Finance Minister Arun Jaitley in the forthcoming session of Parliament beginning on Monday will be unlike his previous four such exercises because of the complete overhaul of the indirect tax regime effected by implementing the Goods and Services Tax (GST) last year. The Budget, […]

New Delhi: Railways Minister Piyush Goyal on Tuesday said the Railways does not need huge funds in the next Union Budget as it will focus on monetizing its own assets. “Earlier, I had suggested that Railways in the coming days would not require huge money the way in it has been allotted in the last […]

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Wednesday said the Union Budget 2017-18 is “a mixed bag” and falls “short of expectations” on many issues as not much has been done to address the adverse impact of demonetisation. “People at large took the brunt of impact of demonetisation and I was expecting something spectacular for […]