“It is directionally correct, fiscally prudent and strengthens the governance fabric of the nation” Commenting on the Union Budget 2017-18, Pankaj Patel, President, FICCI said “This budget would tremendously strengthen the economic muscle of the country. It is directionally correct, fiscally prud…
Tag: Demonetisation
Highlights of Union Budget 2017-18
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on February 1, was broadly focused on 10 issues — farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sector for stronger institutions, speedy accountability, public serv…
Union Budget 2017: Big cheer for taxpayers with income below Rs 5 lakh Tax rate slashed to 5%
Union Budget 2017: Finance Minister Arun Jaitley in his speech announced that he will reduce the tax rate of individuals earning between Rs 2.5 lakh to Rs 5 lakh to 5% from the current 10%. This would also translate into an additional benefit of Rs 12,500 for tax payers even beyond Rs 5 lakh. To …
Budget 2017: Arun Jaitley’s fourth Budget could signal a breakout year
Finance Minister Arun Jaitley is set to present his fourth Budget on February 1st, amid growing expectations that he will unveil measures to raise people’s spending power, boost farm income, revive investment activity and expand welfare schemes to soothe the demonetisation pain, ahead of state As…
Budget 2017: What do SMEs want?
The announcement of the Union Budget 2017 is barely a day left. Different sets of people expect different things from the budget. Women want a budget that will enhance their contribution to the economy. The youth expects a budget that will improve skill-based training. So, what are the small and …
Economic Survey 2017: India’s 2017-18 growth seen recovering fast after note ban
India will grow at 6.75-7.5 percent in 2017-18, the Economic Survey 2016-17 said in a guarded forecast on January 31, tempering expectations of an early revival in the broader economy still reeling under the effects of demonetisation. “Demonetisation will have both short-term costs and long-term …
President kickstarts Budget session 2017 with address; Top 10 highlights of the speech
The 2017 budget session of the parliament began with President Pranab Mukherjee’s address to members of both the houses on January 31. Speaking to the legislators of the country, the President said that this was a historic session heralding advancement of the budget cycle and merger of general bu…
Budget 2017: Expectations & predictions by start-ups & tech leaders
All eyes in the country are on the Union Budget 2017, which will be announced on February 1. Post the demonetisation exercise, this will be a chance for the government to take stock, and set the terms for the future. Businesses will be looking at Budget 2017 for breaks to help offset any upset du…
AP to come up with incubation centre & industrial parks for MSMEs
With an aim to give a fillip to the Micro Small and Medium Enterprises (MSME) sector of Andhra Pradesh, the India SME Forum has signed Memoranda of Understanding (MoU) with the State government for two industrial parks and an incubation centre in the State. As part of this, an industrial park for…
Budget 2017 needs to address structural changes: Yes Bank CEO
At a time when the economy is gathering momentum, the Budget will certainly be the most important opportunity to chart the future course for structural and institutional reforms. 2017 promises to be a year where we stand to reap the benefits of passage of key reforms such as GST and the Bankruptc…