The 36-member general board of the Savarkundla municipality met on Monday to discuss the budget. However, six Congress corporators protested when two items relating to the accounts of revenue and expenditure were taken up for discussion.
The National Health Protection Scheme is entirely unfunded. If it is a jumla (akin to the announcement in Budget 2016-17), there is nothing to worry. But if the government rolls out the scheme in 2018-19 and buys insurance for the beneficiaries, it has to spend money. Estimates vary from an optimistic Rs 11,000 crore to a realistic Rs 1,00,000 crore.
Parliament Budget Session 2018 highlights: PNB fraud case, unemployment, Rafale deal and the arrest of Karti Chidambaram are likely to be issues the Opposition will raise in the House. Get the latest updates here.
Chidambaram tweeted, "Yesterday, I had said that the new HEALTH CARE SCHEME is a jumla with no money provided in the budget. Today, FM has admitted that no money has been provided and he will 'raise money in the future'. Perfect jumla."
The finance ministry also allocated a sum of Rs 73.31 crore as grants-in-aid to Airports Authority of India as reimbursement of expenditure already done for development of Pakyong airport in Sikkim, which borders China.
On the day Arun Jaitley tabled the Narendra Modi-led government’s budget, we take a look at how ruling dynasties like the Mauryas, Khaljis, Mughals or the British have been recorded in the pages of history for achievements they made in the economy of the territory they ruled.
The Cellular Operators Association of India has sought reduction in GST applicable on telecom services and also to drop the tax withholding rate to 1 per cent over the discount that telecom companies provide to distributors for the sale of prepaid SIM cards.
Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.
Saloni Roy, Senior Director, Deloitte India (Indirect Tax) says that she hopes that India won't raise customs duties in the Vote on Account on February 1 since it would mean taking a more protectionist stance.
Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.
Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.