Union Budget 2018

Budget 2018 proposals kick in from today: Here's what is costlier, cheaper

Here is a look at what will be cheaper and what will be costlier from today:

LTCG tax, other Budget proposals to kick in from April 1

Besides, other tax proposals like reduced corporate tax of 25 per cent on businesses on turnover of up to Rs 250 crore and a standard deduction of Rs 40,000 in lieu of transport allowance and medical reimbursement will come into effect from Sunday.

Amid din, Lok Sabha passes Finance Bill 2018 without debate

In the recent past, the budget was passed without any discussion in 2013-14 and 2003-04.

Tripura polls: Arun Jaitley releases BJP's vision document, says BJP main rival of Left Front

FM Jaitley reveals formula for fixing MSP 50% over production cost

Jaitley had announced in the Budget earlier this month that the government will fix the minimum support price (MSP) of Kharif 2019 crops at least 1.5 times than the cost of production.

Rs 12,000-crore relief for salaried class, senior citizens in Union Budget, says Arun Jaitley

Replying to a debate on Budget 2018-19, the minister said that a lot of things have changed since the NDA government took office in May 2014.

Banks will decide if to lower interest rates, says Arun Jaitley

Finance Minister Arun Jaitley said that lowering interest rates is a decision entirely in the domain of banks.

iPhones to get costlier in India due to 5 per cent increase in customs duty

On Thursday, Finance Minister Arun Jaitley while presenting the Union Budget 2018-19 announced an increase in customs duty on mobile phones from 15 to 20 percent

Unevenness in taxes paid by salaried class, business people: Finance Secretary Hasmukh Adhia

The government, he said, is working on removing the “unevenness in the tax paid by different classes of people” by using foolproof technological system.

Budget's welfare thrust to be BJP's weapon in key state polls

The key budget provisions include the announcement of a minimum support price for farmers that will be 1.5 times of the cost incurred by them, a health insurance of Rs 5 lakh for 10 crore poor families.

Health care scheme a `jumla', government fooling people: Congress

Randeep Surjewala said two health insurance schemes have been brought by the Modi government and the proposed National Health Protection Scheme is now being billed as NaMocare by BJP leaders.

'No Confidence Motion' by Sensex on Modi's budget, says Rahul Gandhi

"In Parliamentary language, the Sensex just placed a solid 800 point 'No Confidence Motion' against Modi's budget," Gandhi tweeted.

'Modicare' to cost Rs 12,000 crore annually, may be launched on August 15 or October 2: Officials

The 'National Health Protection Scheme' will be funded with 60 per cent contribution coming from the Central government and the remaining from the states.

India TV Budget Samvaad: Tax on LTCG alone will fund hike in MSPs, Healthcare Insurance, says Jaitley

Arun Jaitley said that 10% tax levied on Long Term Capital Gains alone will fund both the hike in farmers' MSP and the ambitious National Health Protection Scheme.

India TV Samvaad on Budget: Hasmukh Adhia says middle class to be benefited most from Rs 40,000 standard deduction

When asked about why government left the personal income tax slabs unchanged, Hasmukh Adhia said, “Increasing tax limits will expunge taxpayers from tax bracket. There is a big loss in this.”

India TV Budget Samvaad: BJP created more jobs than it promised, says Shrikant Sharma

Shrikant Sharma today said that the government is taking several initiatives to prove jobs to the youth, and that more job opportunities have been created than what the party had promised.

India TV Samvaad on Budget 2018: BJP, Congress spar over ‘Modicare’ scheme announced by Arun Jaitley

Speaking at India TV's Samvaad conclave, organised to discuss this year’s Budget, BJP spokesperson Sambit Patra said that this is for the first time when people are discussing about healthcare and not tax.

Budget aftermath hits Dalat Street: Sensex crashes 840 pts in a single day, down 1349 points in last 5 days

A day after Finance Minister Arun Jaitley presented the Union Budget 2018-19, equity markets tumbled and provisionally closed deep in the red on Friday.

India TV Budget Samvaad: Rs 14.48 lakh cr allocated for betterment of farmers, says Narendra Tomar

Narendra Singh Tomar on Friday lauded the announcements made by the government for the agriculture sector, saying that it will benefit the agriculture and farmers.

Sensex crashes 839 points to end at 35,066; Nifty slips below 10,800 on long-term capital gains tax woes

Market mood suffered another setback after Fitch Ratings today said high debt burden of the government constrains India's rating upgrade.