Moradabad Exporters Call For More Incentives, Less GST On Exports

The losses exporters suffer directly impact the craftsmen and artisans of Moradabad.

The rail budget is likely to witness an increase in the plan allocation from Rs 1.31 lakh crorre to about Rs 1.46 lakh crore,

Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after the rollout of GST, ...

Finance Minister Arun Jaitley will present the Union Budget for financial year 2018-19 on February 1. The first phase of the budget session of the parliament began from January 29 and will continue till February 9. This year's budget session is crucial as it comes after the Modi government made two very big financial decisions in the last couple of years - Demonetisat...

Union Budget is the most comprehensive report of government's finances in which revenues from all sources and outlays for all activities are consolidated.

Fiscal consolidation was first proposed by Prime Minister Narendra Modi's government in its maiden budget in fiscal year 2014/15, aiming to break a long line of governments that preferred to borrow and spend.

Growth improved to 6.3% in September quarter, but is still below the rate needed to generate employment for one million people entering the workforce every month.

A day after the government released the Economic Survey, reactions to the survey continue to come in. Shedding the impact of the GST and demonetisation, India's economy is "picking up quite nicely", and will expand by 7-7.5 per cent in 2018-19 to again become the world's fastest growing major economy, the Economic Survey said. The economic survey was tabled ahead of t...

On a day when Finance Minister Arun Jaitley tabled the Economic Survey in parliament, Chief Economic Adviser Arvind Subramanian talks to NDTV's Prannoy Roy about economic growth, the impact of demonetisation, Goods and Services Tax (GST) and much more

A majority of respondents placed high weighting on tax rate reduction by at least 5 per cent across all categories (54 per cent), followed by raising the exemption limit by at least Rs 250,000 (33 per cent) and by bringing back the standard deduction (10 per cent).

"A pause would imply a fiscal deficit target similar to last year, that is 3.5% of GDP," said Sonal Varma, chief India economist at Nomura Holdings Inc.

The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.

Since agriculture is a state subject and an open political economy question, the Economic Survey strongly advocated a mechanism similar to the GST Council to bring more reforms in the agriculture sector and boost farmers income.

"The new Indian Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce their debts," it said.