Indian Economy | The Asian Age

Saturday, Apr 20, 2024 | Last Update : 06:29 AM IST

Indian economy Page-12

Finance Minister Jaitley also stated that the contribution of the salaried class has been recognised for the first time. (Photo: ANI)

Putting surplus money in hands of middle-class taxpayer every Budget: Jaitley

'We looked at the areas that require the maximum support, and agriculture and rural sectors came foremost in our mind', Jaitley said.

01 Feb 2018 6:35 PM

Arun Jaitley, Finance Minister of Narendra Modi-led NDA government presented the Union budget 2018-19 on Thursday. (Photo: PTI)

Budget 2018: Jaitley failed, consequences will follow, warns Chidambaram

Former prime minister HD Dewe Gowda appreciated Jaitley's efforts but said the reforms will fall short of requirements.

01 Feb 2018 5:37 PM

Finance Minister Arun Jaitley, on Thursday, tabled the Union Budget 2018 in the Parliament. (Photo: ANI)

Union Budget 2018: Laptops, mobile sets cigarette get costlier; full list here

Union Budget 2018 proposed changes in excise and custom duties on certain items which are set to get costlier.

01 Feb 2018 5:29 PM

Finance Minister Arun Jaitley on Thursday announced a slew of incentives for senior citizens in the Union Budget 2018. (Photo: Representational | File)

Union Budget: Govt exempts Rs 50k interest income for senior citizens

Deduction limit for health insurance and medical expenditure has been raised from Rs 30,000 to Rs 50,000 under Section 80D.

01 Feb 2018 5:00 PM

Prime Minister Narendra Modi termed the Union Budget ‘development-friendly’ and said it would strengthen the vision of a ‘new India’. (Photo: PTI)

Budget has free healthcare for 10 cr poor, sops for farmers; Modi calls it 'development-friendly'

Salaried get back standard deduction of 40k; govt taxes long-term capital gains in equity.

01 Feb 2018 3:32 PM

Arun Jailtey also said the government will develop 10 tourist destinations to attract more visitors. (Photo: AFP | Representational)

Budget 2018: Boost to economy, Rs 5.97 lakh cr allocated for infrastructure

In his Budget address, Finance Minister Jaitley termed infrastructure as 'growth driver' of the economy.

01 Feb 2018 3:06 PM

Jaitley promised to provide education holistically without segmentation from pre-nursery to Class-12 and move from black board to digital board. (Photo: PTI | Representational)

Budget 2018: Education cess raised to 4 pc, no division in schools

Jaitley proposed to launch a scheme to revitalise research-based education with Rs 1 lakh crore in the next four years.

01 Feb 2018 2:40 PM

Jaitley pointed out that 600 stations have been earmarked for modernisation by the Railways with focus on suburban rail network in Mumbai and Bangalore. (Photo: File)

Budget 2018: Railways gets Rs 1.48 L Cr for world-class trains

New world-class train sets, dedicated freight corridors are coming up and electrification is being taken up as a priority task.

01 Feb 2018 2:13 PM

Finance Minister Arun Jaitley. (Photo: Twitter/ANI)

Budget 2018: Govt misses fiscal deficit target; higher at 3.5 pc in FY'18

Fiscal deficit has a bearing on sovereign rating of the country as well as the debt market.

01 Feb 2018 1:21 PM

Finance Minister Arun Jaitley said the focus is on low-cost farming, higher MSP. (Photo: Twitter | ANI)

Budget 2018: Govt to pay full MSP even if farmers sell below price

The finance minister said the agricultural output of the country is at a record high and wage of farmers will be doubled by 2022.

01 Feb 2018 12:37 PM

Total exports value was recorded at USD 274.64 billion in 2016-17, up from USD 262.29 billion in the preceding year.

Union Budget 2018 predicts exports to expand by 15 per cent this year

The country's merchandise shipments rose 12.36 per cent to USD 27.03 billion in December 2017.

01 Feb 2018 11:59 AM

Finance Minister Arun Jaitley. (Photo: AP)

India USD 2.5 trillion economy, set to be 5th largest in world: Jaitley

Finance Minister said in Budget speech that India will grow 7.2-7.5 per cent in second half of current fiscal.

01 Feb 2018 11:53 AM

By delivering the Budget speech in Hindi, Jaitley not only becomes the first Union FM to do so since Independence, but will also help in establishing the fact that the Budget is going to be an 'aam budget' for 'aam aadmi'. (Photo: PTI)

Arun Jaitley to break tradition, will deliver Budget in Hindi

Sources in the know said that the main idea is to establish a direct connect with the rural populace.

01 Feb 2018 10:54 AM

The stationery owners said the 12 per cent GST has tremendously affected business, and indicated that a further increase would incur them heavy losses.

Budget 2018: GST revision concerns retailers

Gold jewellery retailers said they prefer old tax of one per cent on ornaments instead of three per cent.

01 Feb 2018 10:23 AM

Finance Minister Arun Jaitley presents the Union Budget 2018, says Budget will focus on agriculture and rural economy, health, infra, senior citizens. (Photo: Twitter | ANI)

Union Budget 2018: Key highlights

Finance Minister Arun Jaitley says, 'This year’s budget will focus on strengthening rural and agricultural economy.'

01 Feb 2018 10:05 AM

Chief Economic Adviser Arvind Subramanian termed the GST launch a big transformational event of 2017-18. (Photo: ANI)

Economy picking up as temporary impact of GST, note ban dissipating: CEA

Chief Economic Adviser further said the direction of the economy is very good and the economy is picking up 'robustly'.

29 Jan 2018 3:30 PM

Narendra Modi is the first Indian Prime Minister to attend the WEF in Davos since Deve Gowda in 1997. (Photo: Twitter | ANI)

Indian economy to double, touch USD 5 trillion by 2025: PM at WEF

Pitching India as an attractive investment destination, Modi said the govt is following the principle of reform, perform and transform.

23 Jan 2018 8:59 PM

Govt admits economy slowed down in 2016-17

Jaitley said that for the last three consecutive years, India has remained the fastest growing economy in the world.

30 Dec 2017 4:37 AM

The National Health Policy 2017 has proposed to increase the public spending on healthcare from a dismal 1 per cent to a meagre 2.5 per cent of GDP by 2020, which is itself well below the world average of 5.99 per cent.

India needs to reform its ailing healthcare

Illnesses are a severe risk and can shave off most of the hard-earned savings in low-income communities.

18 Dec 2017 2:01 AM

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying “growth has repeatedly disappointed in recent quarters.”

Fitch cuts India’s GDP forecast to 6.7 per cent for FY18

It said FY19 forecast has been cut to 7.3 per cent from 7.4 per cent.

05 Dec 2017 12:54 AM

12 of 18

Columns

Shobhaa De