Budget 2017-18

• 

  Parliament Panel On Waqf Circulates Draft Report. Opposition Says "Farce"

  The parliamentary panel reviewing the Waqf bill circulated a 655-page report today, incorporating all the changes suggested by its members. The Opposition, though, has alleged that none of its amendments have been incorporated.

• 

  Bihar Spent Rs 67,000 Crore On Children From 2013-18: Sushil Modi

  Bihar Deputy Chief Minister Sushil Kumar Modi on Thursday said the state government has spent Rs 67,101 crore on children between 2013-14 and 2017-18 out of Rs 80,972 crore earmarked in the state's budget for them.

• 

  Government May Cut Personal Income Tax, Slabs May Change: Report

  Personal tax kicks off on income above Rs 2.5 lakh a year, levied at 5 per cent. Top marginal tax rate in India is 42.74 per cent for income above Rs 5 crore.

• 

  Budget 2019: Government Sets Disinvestment Target Of Rs 1.05 Lakh Crore

  In 2018-19, the government raised Rs 84,972 crore from CPSE disinvestment, while in 2017-18, the figure was Rs 1,00,056 crore

• 

  Budget 2019: Services Sector Witnesses 7.5% Growth In 2018-19

  The IT-BPM industry grew by 8.4 per cent in 2017-18 to US$167 billion and is estimated to have reached US$181 billion in 2018-19.

• 

  Report Saying "Unemployment At 45-Year High" Not Verified: NITI Aayog

  A yet-to-be-released report that says the country's unemployment rate rose to a 45-year-high in 2017-18 is "not verified" and the "veracity of the data is not known", NITI Aayog vice chairman Rajiv Kumar said on Thursday. The clarification came as the government faced opposition attacks over the National Sample Survey Office (NSSO)'s periodic labou...

• 

  Government Revises GDP Growth At 7.2% In 2017-18 From 6.7%

  The Ministry of Statistics said that GDP growth according to the First Revised Estimate stood at an upwards revised 7.2 per cent in 2017-18, as against the Provisional Estimate of 6.7 per cent in May 2018.

• 

  Unemployment Rate Highest In 45 Years, Reveals Stalled Report: 10 Points

  The country's unemployment rate was at a 45-year-high of 6.1 per cent in 2017-18, according to the National Sample Survey Office's (NSSO's) periodic labour force survey (PLFS), which has been accessed by the Business Standard newspaper. The report was not released despite being vetted by the National Statistical Commission in December, allege two n...

• 

  PM's Pre-Poll Handouts To Cost Billions, Breach Fiscal Targets: Report

  A series of vote-catching measures planned by Prime Minister Narendra Modi as he braces for a difficult general election may cost more than Rs 1 lakh crore, two sources with direct knowledge of the matter said.

• 

  Government Says On Course To Meet 2017-18 Fiscal Deficit Target

  On Wednesday, the government reported a fiscal deficit of Rs 7.2 lakh crore ($110.42 billion) for April-February, which was 120.3 per cent of the budgeted target for the current fiscal year.

• 

  Current Income Tax Slabs, Rates And Other Details

  In Budget 2018, the Finance Minister proposed no change in income tax slab and tax rates for individuals for FY 2018-19.

• 

  EPFO May Retain 8.65% Interest Rate For 2017-18: Report

  EPFO had announced an 8.65 per cent rate of interest on deposits for 2016-17, a tad lower than 8.8 per cent in 2015- 16.

• 

  Steel Production Up 5.3%, Consumption Rises 5.4 % Till January

  During April- January 2017-18, crude steel production was 84.42 mt, a report said.

• 

  Public Sector Banks Require Rs 2.06 Trillion For 8-9% Credit Growth In FY19, Says Report

  In October last year, the government had announced a Rs 2.11 lakh crore bank recapitalisation plan spread over two fiscals, 2017-18 and 2018-19.

• 

  India's Fiscal Deficit Slippage Has No Material Impact, Says Moody's

  Finance Minister Arun Jaitley raised the government's fiscal deficit target for 2017-18 to 3.5 per cent of the GDP.