Union Budget 2018: Corporate tax cut a step in right direction
Feb 05, 2018, 00:41
The highly anticipated standard deduction of Rs 40,000 for salaried employees is a welcome move to address the disparity between businessmen and salaried tax payers.
With this being the last full Budget of the NDA government before the 2019 Lok Sabha elections, the high-profile NHPS and the announcement to fix minimum support price (MSP) for crops are being considered two major sops for the poor and farmers. "It will increase the productivity of the common man and bring about a change in the socio-economic scheme", said Mr Nadda.
"The promise of Rs 5 lakh per family for secondary and tertiary healthcare is a big "jumla". Infrastructure initiative Bharatmala continues to get a fillip in the new budget in terms of initiating 35,000 kilometers of new roads linking interiors and backward areas and Rs. 1.5 lakh crore earmarked for upgradation of the railway network.
He said if the insurance companies foot the bill, the estimated premium at Rs 5,000 to Rs 15,000 per family will require an outgo from Rs 50,000 crore to Rs 1.5 lakh crore per year. "The Finance Minister should be complimented for showing courage to include most of the sectors in a scheme that involves hiring employees with the fixed contractual tenure", he said.
The Congress leader said he did not hear any measures to boost exports. In the recent past, Prime Minister has aired an objective of doubling farmers' income by 2022.
The Finance Minister recalled that in the Union Budget 2017, he had announced the reduction of corporate tax rate to 25% for companies whose turnover was less than Rs 50 crores in financial year 2015-16. Industry, especially MSMEs, create jobs.
"But most exemptions in India have a sunset clause", he said.
While deficit goals will be missed, Jaitley said these measures are aimed to put India firmly on the track to achieve an economic growth rate of 8% in the near future, the CNBC report says.
The Blockchain and Cryptocurrency Committee of IAMAI points out that what Jaitley said in no way condemns cryptocurrencies to illegality, just that - as he said earlier in the year - "bitcoins or such cryptocurrencies are not legal tender".
"For the middle class earner and saver, one cancels the other". Presumably for this goal, there is an allocation of almost Rs 24,000 crore more than what was promised in the previous year's Budget. "It is a defeatist budget". It can be on trust model, it can be on insurance model. "It is simply an accounting gimmick", he said.
Meanwhile, total allocations for the ministry of agriculture are to be increased by only 11.5 per cent compared to last year's Budget, barely higher than the projected nominal rate of GDP growth of around 11 per cent.
"I can not recall any budget in the past that set such high goals, targets and commitments for the growth of all sectors of the economy and also for securing people's welfare". An arrangement will be worked out with state governments, where surplus power generated by farmers could be purchased by power distribution companies of their licensees at a reasonable price.
A separate South Korean defense official told CNN the joint exercises would not be scaled back despite the unusual delay. Torture and imprisonment is standard, and some North Koreans are publicly executed, Lee said she would tell Trump.
Vontobel Asset Management Inc sold 651,596 shares as the company's stock declined 8.66% while stock markets rallied. Piper Jaffray downgraded the shares of WFC in report on Friday, April 15 to "Underweight" rating.
During the weeks-long period, authorities emphasize safety on the road and aboard planes, trains and ferries. The van was carrying reportedly gas canisters and burst into flames after hitting the fence.
Apple had a net margin of 21.13% and a return on equity of 37.84%. "The smartphone industry overall is maturing". Private Vista LLC acquired a new position in Apple in the second quarter valued at approximately $122,000.
The company also extended support for Windows 10 Enterprise and Education editions 1607, 1703 and 1709 by another six months. Nearly two years later Microsoft only managed to bring Windows 10 to 600 million active devices .
The actress said the incident left her in a neck brace and put her professional relationship with Tarantino on shaky ground. Thurman says when she expressed fear about driving a possibly faulty auto in Tarantino's " Kill Bill: Vol. 1" he insisted.
The storm will hit Minneapolis with snow on Saturday, but skies should clear by Sunday, when the city will host the Super Bowl. The safety measures were adapted after Mayor DeBlasio dropped Charlotte - a female groundhog standing in as Chuck - in 2014.
Sohelia Jolodarzadeh, a member of Iran's parliament, said the protests are due to the government's "wrong approach". According to a human rights lawyer who took up her case, she was finally released from detention last weekend.
Pentagon updates United States nuclear posture review
China "has always kept its own nuclear forces at the minimum level required by national security", Mr Ren said. Zarif said the new policy was "in violation" of the worldwide Nuclear Non-Proliferation Treaty (NPT).
What's so special about a Super Bowl game ball?
For example, a YouTube video of the best Super Bowl commercials from past year has over 7 million views. But the true test is whether visitors will come back to the cold without the Bowl.
Two students injured in school shooting in USA
Chaos erupted shortly after the starting bell in an elective class, made up of students from different grades. He's in stable condition and expected to fully recover. "I hope they're OK". "??Someone chose to bring a gun".
2 injured in Los Angeles school shooting
The middle school is located on the Belmont High School campus and has about 365 students in grades six through eight. The school has about 365 students in grades 6 to 8 and nearly all are Hispanic and many are from low-income families.