The Union Budget 2018-19 that will be presented by Arun Jaitley in the Parliament today (February 1) will be the final full budget of this NDA government before the Lok Sabha polls in 2019. It also comes after the government announced big economic reforms like Goods and Service Tax.
Data released by the Association of Mutual Funds in India show that in February, the gross sales across equity schemes of mutual funds declined by Rs 11,935 crore or 26 per cent over those witnessed in January 2018.
Is there a re-think under pressure from the so-called swadeshi lobbies? Just before the Budget, and in the Budget, the government announced a number of measures that seem to suggest that the protectionist (and taxation) lobbies have gained strength
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.