Stemming the tide of agrarian distress

Context: Similar to the last two Budgets, this year’s pro-agriculture intentions are palpable through increased outlays to the agricultural sector and initiation of various programmes. They seem impressive, but closer scrutiny shows that the measures may be of little help to stem the tide of agrarian distress. There are some Read More …

7 New Schemes in Union Budget 2018-19

The Union Budget 2018-19 was largely focused on the development of agricultural, rural, healthcare and educational sectors. The budget aimed at improving the current status of these sectors as well as the setting a base for the future with schemes aimed at improving the quality of education in India. The Read More …

Highlights of Union Budget 2018-2019

No changes in personal income tax slabs. Salaried tax-payers to get a standard deduction of ₹40,000 in lieu of transport allowance and “other medical expenses”. ₹2,000-crore fund for development of agri markets. All senior citizens will now be able to claim benefit of a deduction of ₹50,000 for any medical Read More …

Penalty of equal amount for receiving cash over Rs. 3 lakh

According to the Revenue Secretary Hasmukh Adhia, the penalty for doing cash transaction will be steep and the receiver will have to pay an amount equivalent to the cash received. A steep penalty awaits those accepting cash in excess of 3 lakh rupees, beginning April 1, to settle any transaction. Read More …

Skill Acquisition and Knowledge Awareness for Livelihood Promotion Programme

Highlights of Education, Employment and Skill Development Quality education will energise Indian youth. Annual Learning Outcomes will be the basis for allocation of resources. Emphasis will be on science education. Innovation fund for secondary education to boost local innovation including ICT enabled transformation. Focus on educationally backward areas UGC reform Read More …

Union Budget 2017-18 provides renewed impetus to manufacturing and Make in India

Commerce and Industry Minister has welcomed the Union Budget 2017-18 presented by Finance Minister which provides renewed impetus to manufacturing and Make in India, export infrastructure and Government e-marketplace. Several measures have been announced in the Budget 2017-18 to provide impetus to commerce and industry . The key initiatives include Read More …

Centre to phase out 2-decade-old FIPB

The Budget has given a clear indication of the government’s intent to further liberalise policies related to foreign direct investment. It also seeks to dismantle a two-decades-old body that was formed as a beacon of the economic liberalisation of 1993: the Foreign Investment Promotion Board (FIPB). The 1993 round of Read More …

Highlights of Union Budget 2017-18

The 2017 Union Budget, presented by Finance Minister, was broadly focused on 10 themes — the farming sector, the rural population, the youth, the poor and underprivileged health care, infrastructure, the financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration for the honest. Following Read More …