Diabytes
Budget 2017 exclusive News
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In a major relief to the salaried class, the Finance Minister Arun Jaitley while presenting the Budget 2017-18 in Parliament on Wednesday proposed to halve the tax rate for income between Rs 2.5 lakh and Rs 5 lakh to 5 percent.
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Here's how you can pay less tax this year following the FM's announcement.
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The Finance Minister Arun Jaitley while presenting the Budget 2017-18 in Parliament on Wednesday said that the scheme for profit linked income tax exemption for promoters of affordable housing will be broad based.
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Here are top 10 announcements made by the Finance Minister in his Budget speech.
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After much speculation whether the Union Budget will be presented today after the sudden demise of parliamentarian E Ahamed, the cat is finally out of the bag.
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While presenting the Budget for the financial year 2017-18, Finance Minister Arun Jaitley on Wednesday proposed to reduce the existing rate of taxation for individual assesses between income of Rs 2.5 lakhs to Rs 5 lakhs to 5% from the present rate of 10%.
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The big day is about to arrive, finally. And this time, it will be intriguing to learn how a government that takes pride in being strict with control of fiscal deficit provides for in the budget anticipated to be full of sops for the common man in order to mitigate the adverse consequences of demonetisation. So, the budget will be litmus test for the Modi government and hence hold high level of significance.
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Be it tax exemption, hiking the transport allowances, increasing the rebate cap on home loans, giving subsidies to farmers or addressing the issue of women's and senior citizens' taxation, the decision of the Finance Minister will be closely watched by one and all.
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To further bolster the digital eco-system of the country, the government should announce dedicated spending on ICT just like some other sectors like education, health and other infrastructure.
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The major infrastructure focus should be on ports, railways and roads to reduce the logistics cost which is probably one of the highest in the world for movement of goods.
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Past history suggests that 70% of the time budgets are in line with the underlying market moods, however during other 30% of time markets have turned due to budget events.
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Know the expectations of biz honchos from upcoming Budget.
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Let's have a look at a key peculiarities of the upcoming Union Budget 2017.
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The economy under Modi's leadership has seen a major improvement in the past ten months on several fronts; however, certain hiccups are still there which will take time to sort out.
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For the fourth time since taking over as the command of the Finance Ministry in 2014, Finance Minister Arun Jaitley will present the Union Budget for the financial year 2016-17 on February 1 as against the usual date of February 28.
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Budget 2017: Expectations of retail investors
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Budget 2017: Here's what senior citizens expect
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From the common man’s perspective, Union Budget 2017 could be really a litmus test for the Modi government.
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The presentation of Union Budget has a couple of factors for consideration this year that makes it distinct.
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