When and where to watch Union Budget 2018 Live

This will also result in greater accessibility of care and services by the common man. Which path would the finance minister take?

India scored 48 on 100 in the open budget survey of 2017.

What got cheaper? Union Budget is back.

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.

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What the Eagles can do that many other teams cannot, is it can make New England a one-dimensional team. We expect a huge day by Tom Brady due to his vast experience and success in the Super Bowl .

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 budget tells 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.


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