What to expect from Budget 2018
With the Annual Budget 2018-19 just a week away, every industry is hoping for only the best while keeping the fingers crossed.
The upcoming budget is likely to provide a boost to the infrastructure sector and job creation. Government is likely to provide a higher allocation to road, power, telecom and IT ministries.
Overall auto component industry is batting for downing the corporate tax rate by 5 percent to 25 percent, as committed by the Finance Minister Arun Jaitley in the 2015 budget.
2018 will also be the year the Indian Army will address the shortfall of newer Bullet-Proof Jackets (BPJs), particularly with troops serving at the Line of Control in Jammu and Kashmir.
One of the budget expectations that start-ups hope is for the Finance Minister to play the role of an “angel” by repealing the Angel Tax. To give a boost to start-ups and innovations, Government should let out funds to hold at least six start-up fests annually (from the current two) both nationally and internationally, feels the industry. This would enable various stakeholders of small businesses, to meet. Besides, it would provide huge networking opportunities as also opportunities to pitch and find new venture capitalists and angel investors. From Budget 2018, itis expected that the government should liberalize the requirements for a start-up to be eligible for a tax holiday.
The Union Budget which is expected to unveil steps to boost agriculture and announce farmer centric measures is not likely to lift the market on a large scale since market valuations are quite rich.
Ageing Fleets, Ineffective Equipment and a Shrinking Budget the wait is on to know if India is prepared for a Growing Military?
Full coverage of Union Budget 2018 is available on YuppTV. Catch all the updates of the union budget 2018 here. Major items to watch out for during the union budget 2018-19 for all the investors is how Narendra Modi’s government will address the latest fallout from the recent demonetization.
Arun Jaitley has to play a key role in making any key announcements during union budget 2018 Live. Railway budgets will also be announced during this union budget 2018 meeting where Railway minister Suresh prabhu will be playing a major role.
Union budget 2018 Live meeting is scheduled to happen on 1st February, 2018. Wait and check how different sectors will be impacted by the decisions made at budget 2018. Budget 2018 is going to be very important as this is the first budget meeting after demonetization. For all the coverage of Union budget 2018, log on to YuppTV India. India is waiting to catch updates on the tax changes & many other key indicators. Watch all the Live Action of Union Budget 2018.
Union Budget 2018-19 will be the first post-GST budget of India. It is also the last full budget before the 2019 general elections and will most likely be presented on 1st February 2018 by Finance Minister Arun Jaitley. The budget session is expected to begin on 30th January 2018; President Ram Nath Kovind will address the joint session of both the houses. The Economic Survey would be tabled on 31st January. This will be the fifth budget presentation in a row for Arun Jaitley.
Feb 1st will decide the fate of rural and urban economy of India. Catch all the updates from the session on YuppTV. Union Budget Live