The GST Council in the November meeting had chose to keep only sin goods and white goods under the 28 per cent tax bracket and moved 178 items from the highest tax bracket to 18 per cent. This can again be achieved with attractive tax slabs.
Rita Singh, CMD, Mesco Steel said she expects to see reduction of import duty on coking coal.
Stay tuned with TCD! for more news. Otherwise, as it stands now, the deduction is insignificant, especially when clubbed with other tax-saving instruments.
The DDT makes India's effective tax rate even higher than the 30% headline rate, and this is pushed higher still by the surcharge and education cess. The budgettells them how much the government will spend on various sectors.
He is supposed to deal with rural distress, attract investors to India, give relief to small and medium enterprises (SME) and create more jobs. Sunil Kumar Sinha, principal economist at Fitch Group's India Ratings & Research, said the oil price increase will "straight away feed into the inflation, and retail prices of petrol and diesel would become a political issue as consumers will start complaining and there'll be pressure on government to do something". Budget 2018 is expected to do just the same. After all, for a growing economy like ours, skill development is a crucial driver of employment. This will substantially satisfy the salaried and business class. This would stimulate consumption and boost retail markets. At present, it is capped at Rs 25,000. Chief Economic Advisor ArvindSubramanian said every $10 increase in global crude prices hurts economic growth by 0.2 per cent to 0.3 per cent.
It is also suggested that the Rs1.5 lakh ceiling for deduction for principal repayment of housing loan in Section 80C be raised. Already, the government has lowered the growth rate forecast for the year ending March, 2018, to 6.75%. This will see the taxable income of home buyers coming down.
Khwaja further adds that power banks that are now listed under 28 per cent slab need to brought under the lower slab of 18 per cent which would be a big step towards realizing the dream of a truly digital India. On the other hand, traders' bodies have demanded that minimum wage for all the labourers across the sectors and states should be fixed at Rs 21,000. "Deviation from fiscal discipline may introduce further volatility into yields", ICRA analysts Anjan Ghosh and Aditi Nayar wrote in a note. The activists have sought to increase it to the level of half of the monthly minimum wage notified by the government. This is the need of the hour as Budget 2018-19 will be presented in the aftermath of a financial year that witnessed some of the biggest changes in the economy. To make health insurance an attractive and popular product, the Government must frame clear roadmap to broaden the scope of health insurance in the organized and unorganized sector.
McMaster confirmed in the phone conversation that the USA would not give weapons to the YPG militia, the statement said. The Kurds in Afrin were not involved in fighting IS and have not received American help, United States officials say.
Things might have been different had Berdych converted his fine start into the opening set, as he probably should have. The crunch seemed to come in the third game, when a forehand error from Berdych gave Federer the break for 2-1.
The attempt by Syrian Kurds to produce a similar autonomous region on the Syria-Turkish border raised hackles in Ankara. However, those differences do "not mean that [the KNC] will stand behind these violent attacks on civilians", he said.
Foles labeled Smith as a player who "can turn a locker room around", calling him "one of the most athletic guys" in the NFL . A number of teams, including the Jets , Broncos , Browns, Dolphins, Cardinals, Bills etc. are all potential landing spots.
Make patients aware of the importance of antiviral medications to treat flu in people with severe illness and those at high risk. The Centers for Disease Control released numbers showing almost 75,000 laboratory confirmed cases of the flu this month alone.
The Cavs allowed a season worst on Saturday, falling 148-124 and tying a franchise record for most points allowed in regulation. His next chance is Tuesday when the Cavs visit San Antonio. "I'm sure everybody's handling it their own way", Dwyane Wade said.
From there, the number of victims coming forward continued to grow, getting another jolt with the sentencing that began last week. Throughout much of the proceedings, the bespectacled Nassar sat with his head bowed, rarely making eye contact with his accusers.
The company maintains 430 megawatts of annual capacity to produce solar cells and 550 MW of capacity to manufacture solar modules. Local solar panel makers also expressed worries that their exports to the United States market will be hit hard by the tariffs.
The Redskins had the option of either franchise tagging Cousins again - this time for $34.5m - or committing to a long-term deal. That's plenty for a team that needs only a few pieces and better injury luck to make a playoff run in 2018.
Tiger Woods was everywhere but the fairway and putted for birdie on only half of his holes. His play from tee to green may have been "gross" (Woods' word ), but it was also tidy.
Trump vows again to bring down prescription drug prices
Economists believe the loss of manufacturing jobs has more to do with automation and globalization than specific trade deals. Moreover, it's an open question how much credit a president , especially in his first year, can take for the economy.
Huddersfield 0-3 Liverpool: Reds stars rated and slated
Huddersfield have now lost four league games in a row and are being dragged ever further into the mire of a relegation battle. He added that the win was exactly the reaction he was hoping for from his team, after losing two consecutive games.
Pep Guardiola's anger over Cardiff City's dirty tackles
That's not going to change. " Referees have to protect, not just mine, all players". "Always I encourage him to think first". But the Community Shield? "We will see [Sane's injury] tomorrow, he could be out for two, three, four weeks".
No. 2 men's basketball takes down No. 4 Duke in thriller
That top-seeded team lost in the region finals to Syracuse, 68-62, after blowing a 16-point lead in the second half. State in Chapel Hill, the first time both programs dropped a game at home on the same day since February of 1973.
San Jose to host 2019 NHL All-Star game
While Bettman trumpeted the ability to "share NHL hockey with our fans overseas" he seemed nonplussed about skipping the Olympics. Sidney Crosby and Nathan MacKinnon are eight and nine points back of Nikita Kucherov, respectively, for the overall scoring lead.
WWE Royal Rumble 2018
Who will ever forget AJ Styles debuting, John Cena returning from injury or Kharma making an appearance. The fact that Alexander isn't in this match is another reason to suspect that he's the open challenger.
Will Trump's solar tariff do more harm than good?
After all, USA appliances tend to be more expensive, because we tend to pay our workers more than Chinese and Korean companies. The only difference is that while Obama's tariffs were focused on China specifically, Trump's apply to all foreign producers.