Approvals are in place for a number of stake sales of smaller public sector companies, and for larger companies in the metals space.
The Union Budget had proposed to raise funds for railways, roads and irrigation sectors by issuing tax-free infrastructure bonds.
‘FRBM Act should not be amended through the Finance Bill’.
The Budget is important for economic reasons that allows for a decent improvement in capital expenditures.
A report on Budget implementation reveals that 17 Rs 100-cr projects are still to be rolled out.
At present, on the back of exemptions & deductions, actual tax rate is 23.22%.
By choosing to keep the fiscal deficit at 3.9 per cent and phasing it to 3 per cent over three years, the FM has kept room for greater public spending on investment.
Jaitley’s budget takes bold steps but also spells out the task cut out for a round-the-clock government.
Mankodi also bats for a new affordable book for visitors at the site and a website dedicated exclusively for the monument.
The first phase of GIFT City, PM’s pet project, will become a reality soon
Jaitley’s speech didn’t make even any mention of food and fertiliser subsidies, which were left at the same levels as last year.
Finance minister proposes setting up of autonomous Bank Board Bureau.
Leather footwear to get cheaper.
Jaitley said that the effective collection of corporate tax was about 23 per cent.
PPP mode of infrastructure development to be revisited, revitalised.