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a brief summary on budget , what changes done in sector wise and its effects. Standard Deduction of Rs 40,000 for salaried employees*. However benefit of transport allowance of Rs 19,200 and Medical Reimbursement of Rs 15,000 under Section 17(2) are being withdrawn. Thus net benefit to salaries class only Rs 5,800.
Finance Minister Mr Arun Jaitley has placed a huge emphasis on agriculture and rural India, allocating bulk of resources to tinterior landscape, while helping the middle class salaried employees along with relief to senior citizens, measures which would boost consumer demand and help revive economic growth, said ASSOCHAM president, Mr Sandeep Jajodia.
This budget is expected to give a boost to hopes and aspirations of 125 crore people of the country. It is expected to accelerate the development process of the country. It is farmer friendly, common man friendly, business environment friendly as well as development friendly. E
This year’s Republic Day witnessed India host the leaders of 10 Association of South East Asian Nations (ASEAN), which included Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, Cambodia, Myanmar, Laos and Brunei. The aim of Prime Minister Narendra Modi was to highlight the sovereign equality of these nations and broad base commercial engagements and trade relations […]
Today, mobile devices have high resolution, large screens, high-speed internet access and availability of sophisticated third-party software development. They have become a substitute for computers and with the advancement of hybrid devices like smartphones, netbooks and, tablets, the mobile phone trading scene has never been so rich.
The Economic Survey presented by the Union Finance Minister Shri Arun Jaitley in Parliament today has relied upon analysis of the new data to highlight ten new economic facts:
The government’s efforts to make business and commerce easy have been widely acknowledged. The next frontier on the ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas.
• The ratio of domestic saving to GDP reached 29.2 per cent in 2013 to a peak of 38.3 per cent in 2007, before falling back to 29 per cent in 2016. The cumulative fall over 2007 and 2016 has been milder for investment than saving, but investment has fallen to a lower level.
A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, thereby re-instating India as the world’s fastest growing major economy.
Is there a low equilibrium trap if fiscal federalism is not achieved? This was the question posed by the Economic Survey 2017-18 tabled by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in Parliament today.
