On January 31, Finance Minister Arun Jaitley will address Parliament and table the Economic Survey, which will feature economic growth forecasts, suggest policy changes and set the tone for the Union Budget to be presented on February 1. Here’s a lowdown on the main features of the Economic…
Tag: Arun Jaitley
Budget 2017: Nasscom seeks removal of angel tax, MAT exemption for start-ups
Reduction of long term capital gain tax, allowing tax sops for angel investors besides exemption from minimum alternate tax are some of the key recommendation suggested by India’s apex technology industry body Nasscom to the Finance Ministry ahead of the Union Budget 2017. In a note, it sug…
Budget 2017 to focus on rural economy, skill development & incentives for cashless transactions: Dun & Bradstreet
Q-induced shock has derailed the consumption growth story and Budget 2017 is likely to focus on rural areas and agriculture to revive the economy, says Dr Arun Singh, Lead Economist at Dun & Bradstreet. Online’s Smriti Jain, Dr Singh talks about what Finance Minister Arun Jaitley should focus…
Budget 2017: Start-up India hopes for tax cut, fresh funds and foreign investments
Union Budget 2017 is due on February 1. This will be the third budget to be presented by the Prime Minister Narendra Modi’s government and it won’t be easy. The budget 2017 will not only be unique for its preponement from the usual month of March and clubbing with Railway budget, but will also ha…
Budget 2017: Need better handling of SMEs by banks, says Sitharaman
At the World Economic Forum in Davos, Commerce Minister Nirmala Sitharaman shared her Budget recommendation for the small and medium-sized enterprise (SME) sector and her opinion on the roll-out of goods and services tax (GST) on July 1. Sitharaman suggested better handling of SMEs by banking ins…
Budget should aim at improving overall performance of the SME sector
Indian SME is undoubtedly a strong contributor to the economy. The SME sector generates significant employment while inputting considerably to the industrial output. While the union government continues to float policies and schemes to smoothen business challenges for the SME, there are further h…
Budget 2017: Digital payment firms hope for tax benefits in Union Budget
If demonetisation got ‘Acche Din’ for digital payment companies, further tax incentives and rewards are things these entities are hoping for in the upcoming Union Budget to ensure customers stick to digital payments instruments and don’t migrate back to cash. Companies in this space are hopeful t…
Budget 2017: Will Modi govt improve upon existing start-up schemes?
While the Modi government is expected to announce a slew of sops including extended tax exemption for startups in the Budget. It is expected that many of these schemes will get a face-lift during this year’s Budget. Here is a look at key announcements made during the launch of Start Up Indi…
Centre, state go all out to make Vibrant Gujarat Summit a success
Ahmedabad: The Centre is leaving no stone unturned to make the biennial Vibrant Gujarat Global Summit a success. The five-day event is scheduled to kick off at Mahatma Mandir in Gandhinagar. Prime Minister Narendra Modi, it is learnt, is personally monitoring arrangements for the summit. This apa…
GST: Relief for exporters, Govt says refunds to be given within 7 days
In a major relief to exporters, the government has agreed to refund as much as 90% of their duty claims just within a week under the new goods and services tax (GST) regime, Commerce and Industry Minister Nirmala Sitharaman said on January 5. The revenue department of the finance ministry has agr…