With this budget, Jaitley has to fulfill some of the promises the government had made. The government has faced criticism from various quarters for failing to create adequate number of jobs.
Ahead of the budget, the Finance Minister and other top officials take part in the halwa ceremony. This sector accounts for 40% of India's workforce and contributes 45% to India's manufacturing GDP. It is being led by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India.
Even though independent India's biggest tax reform of GST was implemented from July 1, the Budget for 2017-18 (April- March), had followed the practice of tax revenue projections under the heads of customs duty, central excise and service tax alongside direct tax numbers.
However, manufacturing sector has long way to go before it can achieve the desired milestone.
Till 2016, the budget was presented on the last working day of February by the Finance Minister. The first finance minister of independent India, R.K. Shanmukham Chetty, presented the country's first budget on November 26, 1947. The government has urged the citizens to adopt more paperless methods to connect with it and receive benefits without any intermediaries.
Union Minister for Finance Arun Jaitley at the halwa ceremony to mark the commencement of budget printing process for Union Budget 2018. The Budget presentation will commence at 11 am.
In his second stint as finance minister in the Indira Gandhi government, Morarji Desai presented four Budgets, including one interim Budget.
Moreover, the only thing good about the NDA government in the realm of economy is the ongoing bull run in the stock markets. The market rally further will depend on how Jaitley pleases the Street with sops.
REVIVING BANKING SECTOR: Banks struggling with the financial crisis and NPAs have great expectations from the budget. Jaitley describe it as legacy issue.
"The government will take care so that the budget is neither inflationary nor fiscally less prudent". "The housing finance companies like us have a key role to play in boosting the government's efforts towards affordable and low-priced housing in metros as well as in tier-II and III cities", said Monu Ratra, ED and CEO, India Infoline Housing Finance Limited.
There have been mixed signals on deficit target, with Chief Economic Adviser Arvind Subramanian earlier this week stating that a pause in the fiscal consolidation plan can't be ruled out while Niti Aayog vice chairman Rajiv Kumar saying the government is likely to stick to the target. PM Modi's flagship scheme "Housing for All" may be extended more funds. Now, one of the reasons - and while there are many, this appears to be a key one - of tax evasion is the amount of paperwork. Since then, barring some limited measures, the overall rate structure remains unchanged.
Apple watchers expect the company to eventually design the entire CPU, which would take away Intel's fifth-largest customer. Apple is working on at least three updated Mac models with custom co-processors, according to a report from Bloomberg .
We hope that this move from Facebook won't make the cryptocurrency business look illegal, as it wasn't in the very first place. It also means that Instagram and Facebook's third-party ad network, called Audience Network, is off limits.
The 36-year-old frontman has struggled to fully recover from knee ligament surgery since linking back up with the Red Devils . As the January transfer window [VIDEO ] is about to be closed, every Premier League teams are focusing back on the field.
Sources said that the apex court judges met over lunch hosted by Justice A K Goel and some discussions took place among them. In another development, the Lucknow High Court Judge, Shri Narayan Shukla, was sanctioned a leave for 90 days.
After suffering a knee injury in December 2017, the 25-year-old was cleared for competition and secured her place just last week. The Unification Ministry was expected to send its formal response to North Korea's decision some time on Tuesday.
If Wall misses exactly six weeks, he could return on March 13 in a home game against the Minnesota Timberwolves. He previously had fluid drained from the knee and had undergone injections in hopes of alleviating the pain.
He further said, "I would say that this time is not for such things, Padmaavat has been representing the whole film industry". Padmaavat was made and released on the big budget of 200 crores and it shows in each and every inch and bit of the frame.
It has said it will reopen to the public in mid-February, with a nightly rate for its cheapest room of 2,439 riyals ($650). His release was merely a PR exercise to counter media reports which had caused embarrassment for the Gulf state last week.
However, in August 2017 , the police started Project Prism, which was an attempt to find the whereabouts of Esen and Kinsman. Police say McArthur is believed to have killed three men identified as Majeed Kayhan , Soroush Marmudi and Dean Lisowick .
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