Union Budget February 1, For Internal Circulation only
|
|
- Avice Whitehead
- 5 years ago
- Views:
Transcription
1 Union Budget February 1, 2018 For Internal Circulation only
2 Synopsis Key Takeaways Continuing the vision of the government Focus on agriculture and healthcare Fiscal roadmap delayed again Specific proposals Customs duty raised in certain sectors, like food processing, electronics, auto components, footwear and furniture, in order to encourage domestic value addition and Make in India Corporate tax rate for MSME with revenue of upto Rs 250 crore reduced to 25% from 30% Fiscal Deficit target for is 3.3%; Fiscal consolidation roadmap revised once again The Revenue deficit for FY18 is pegged at 2.2% against 2% mandated by FRBM Act Macro assumptions for FY19BE Nominal GDP growth at 11.5% Subsidy kept unchanged as a % of GDP Net borrowings at Rs.4.6 Trillion, unchanged compared to FY18 Capital spending budgeted to grow by just 9.9% in FY19 Aggressive targets for indirect tax collections at ~+20% in FY19 Modest growth in total spending of 10.1% in FY19 2
3 Budget Profile Small Savings and State Provident Fund 0.92 General Services 1.02 (In lakh crore) Union Excise Duties 2.60 Others 1.25 GST 7.44 Taxes on Income 5.29 Market Loans 4.07 Customs 1.12 Gross Tax Revenue Corporation Tax 6.21 Debt Receipts 6.24 Taxes on UTs 0.05 Non Debt Capital Receipts, 0.92 Net Tax Receipts Interest Receipts 0.15 Capital Receipts 7.16 Dividend & Profit, 1.07 Non-Tax Revenue 2.45 Others 1.23 Budget Size Scheme Expenditure (CS+CSS) Transfers, Establishment and Other Expenditure Others 0.28 Public Sector Undertakings 0.04 Regulatory/Statutory Bodies 0.07 Central Sector Schemes 7.09 Centrally Sponsored Schemes 3.06 Other Central Expenditure 6.78 Autonomous Bodies 0.61 Social services 0.45 Others 0.40 Establishment Expenditure 5.08 Economic Services 2.27 Core Schemes 2.28 Core of the Core Schemes 0.78 Pension 1.68 Salary & Allowances 2.07 Others 1.33 Others 0.31 Interest Payment 5.78 Subsidy 2.95 Transfer tostates 2.41 OtherGrants/ Loaans 1.32 Food 1.69 Fertilizer 0.70 Petroleum 0.25 Finance Commission Transfers 1.09 Transfer to NDR Fund 0.03 State Share of Taxes 7.88 Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors 3
4 Budget Highlights Government says a series of structural reforms will propel India among the fastest growing economies of the world. Country firmly on course to achieve over 8% growth as manufacturing, services and exports back on good growth path. Fiscal deficit pegged at 3.5%, projected at 3.3% for Disinvestment crossed target of Rs 72,500 crore to reach Rs 1,00,000 crore Taxes No change in income tax for individuals Standard deduction of Rs. 40,000 for salaried employees in lieu of transport and medical expenses. 2.5 crore salaried employees and pensioners to benefit. Corporate tax rate for companies generating up to Rs. 250 crore turnover reduced to 25% The existing 3% education cess will be replaced by a 4% health and education cess Tax on long-term capital gains exceeding Rs. 1 lakh at the rate of 10%, without allowing any indexation benefit. However, all gains up to 31st January, 2018 will be grandfathered. Short term capital tax remains at 15% A 10% tax on distributed income by equity oriented mutual funds has been proposed
5 Budget Highlights For Senior Citizens Senior citizens allowed Rs 50,000 deduction on health insurance premium paid in a year from the earlier Rs 30,000. Increase in deduction limit for medical expenditure for certain critical illness from Rs. 60,000 (in case of senior citizens) and from Rs. 80,000 (in case of very senior citizens) to Rs. 1 lakh for all senior citizens, under section 80DDB. Exemption of interest income on deposits with banks and post offices to be increased from Rs. 10,000 to Rs. 50,000. TDS not required to be deducted under section 194A. Benefit also available for interest from all fixed deposit schemes and recurring deposit schemes. The government proposed to extend Pradhan Mantri VayaVandana Yojana up to March, Current investment limit proposed to be increased to Rs. 15 lakh from the existing limit of Rs. 7.5 lakh per senior citizen. Financial Sector The Government will expand the coverage under Prime Minister Jan DhanYojana by bringing all 60 crore basic accounts within its fold and undertake measures to provide services of micro insurance and unorganized sector pension schemes through these accounts. Government makes PAN mandatory for any entity entering into a financial transaction of Rs. 2.5 lakh or more. Comprehensive Gold Policy on the anvil to develop yellow metal as an asset class
6 Budget Highlights Agriculture MSP for all unannounced kharif crops will be one & a half times of their production cost like majority of rabi crops: Institutional Farm Credit raised to 11 lakh cr in from 8.5 lakh cr in ,000 rural haats to be developed & upgraded into Gramin Agricultural Markets to protect the interests of 86% small and marginal farmers. An Agri-Market Infrastructure Fund with a corpus of Rs. 2,000 cr will be set up for developing and upgrading agricultural marketing infrastructure. Operation Greens launched to address price fluctuations in potato, tomato and onion for benefit of farmers and consumers. Two new funds of Rs. 10,000 cr announced for Fisheries and Animal Husbandary sectors; restructured National Bamboo Mission gets Rs.1,290 cr. Rs. 200 cr for supporting the cultivation of highly-specialized medicinal and aromatic plants, & supporting cottage industries that manufacture perfumes, essential oils, & associated products. Agricultural credit target increased from Rs. 10 lakh cr in to Rs. 11 lakh cr for % deduction proposed to companies registered as Farmer Producer Companies with an annual turnover upto Rs. 100 cr on profit derived from such activities, for five years from Food processing sector allocation almost doubled from Rs. 715 cr in to Rs cr in
7 Budget Highlights Infrastructure Rs lakh crore allocated for infrastructure, proposed spending on rural infra is Rs lakh crore Smart Cities Mission aims at building 100 Smart Cities with state-of-the-art amenities. Projects worth Rs crore have been completed and works of Rs. 20,852 crore are in progress. The AAI (Airports Authority of India) has proposed to expand airport capacity to 1 billion trips a year. Defence The government will develop two defence industrial production corridors and bring out an industryfriendly Defence Production Policy 2018 to promote domestic production by public sector, private sector and MSMEs. Railways Rs lakh crore for railways, capacity expansion is priority 4,000km of new railway track will be laid down by 2019, all railways stations with footfall of more than 25,000 to have escalators. The government will undertake redevelopment of 600 major railway stations across the country Allocated Rs. 11,000 crore for expansion of Mumbai s suburban train network and Rs. 17,000 crore for the Bengaluru rail network. Also planned to allocate an additional Rs. 40,000 crore for Mumbai s rail network.
8 Budget Highlights Digital India 5 lakh WiFi hotspots to provide broadband access to 5 crore rural people All crypto currencies, which include bitcoins, are considered illegal, and the government will take all measures to eliminate their use. NITI Aayog to initiate a national programme on Artificial Intelligence(AI) Centres of excellence to be set up on robotics, AI, Internet of things, etc. Education The government launches a major initiative named Revitalising Infrastructure and Systems in Education (RISE) by 2022 with a total investment of Rs. 1 lakh crore in the next 4 years. Ekalavya Model Residential Schools to be started by 2022 for blocks with more than 50% scheduled tribe population and at least 20,000 tribal persons. Launch of National Apprenticeship Scheme with stipend support and sharing of the cost of basic training by the government to give training to 50 lakh youth by Housing and Real Estate 51 lakh affordable homes will be made. The government to reduce hardships faced in realty deals No adjustment to be made in a case where circle rate value does not exceed 5% of sale consideration
9 Budget Highlights Health The World s largest Health Protection Scheme covering over 10 crore poor and vulnerable families launched with a family limit upto Rs. 5 lakh rupees for secondary and tertiary treatment. Under the Aayushman Bharat programme, 1.5 lakh centres will be set up to provide health facilities closer home. Earmarked Rs. 600 crore to provide nutritional support to all TB patients 1 medical college for every three parliamentary constituencies and at least 1 government medical college in each state of the country For Women Contributions from women employees will be brought down from 12 % to 8 % to enable them to get a higher take-home pay Women below the poverty line to get 8 crore free gas connections under Prime Minister s Ujjwala Scheme Loans to women self help groups will increase to Rs.75,000crore in 2019 from 42,500 crore last year. The government gives Rs. 9,975 crore for social security and protection programme for all widows and orphaned children for the next fiscal year
10 Budget Highlights Social sector Government plans to construct 2 crore toilets in next financial year under the Swachh Bharat Mission 4 crore poor households will be provided with electricity connections under the Prime Minister SaubhagyaYojana A social welfare surcharge at the rate of 10% is imposed in place of the Education Cess and Secondary and Higher Education Cess on imported goods. The government announces Amrut Programme to provide water supply to all households in 500 cities. Water supply contracts for 494 projects worth Rs. 19,428 crore will be awarded Higher targets for Ujjwala, Saubhagya and Swachh Mission to cater to lower and middle class in providing free LPG connections, electricity and toilets. Outlay on health, education and social protection will be Rs lakh crore. Welfare fund for scheduled castes gets a boost. Miscellaneous Customs duty on mobile phones has been increased from 15% to 20% in a bid to promote 'Make in India' and create jobs in the country. 10 prominent sites to be developed as iconic tourist destinations
11 An Overview Union Budget FY 2019 For Internal Circulation only
12 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18RE FY19BE FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18RE FY19BE Fiscal Consolidation Roadmap delayed further Fiscal Consolidation Path Falling Subsidy Burden Fiscal Deficit as % of GDP (INR bn) Subsidies Subsidies (RHS) (% of GDP) 3, , , ,571 2,583 2,641 2, ,500 2,179 2,546 2, ,000 1, ,500 1, , Fiscal Deficit target for is 3.3%; higher than the self-imposed target of 3% Subsidy burden kept unchanged at 1.6% of GDP in FY19 Source: CSO, MOSPI, CGA & MoF 12
13 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18RE FY19BE FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18RE FY19BE Nominal GDP growth and it s impact (% YoY) Nominal GDP (% YoY) Gross tax receipts % YoY (LHS) % of GDP (RHS) Tax-to-GDP expected to continue to improve Tax to GDP ratio is improved over last few years but it is still lower as compared to most EMs Source: CSO, MOSPI, CGA & MoF 13
14 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18RE FY19BE Trend of Capital Expenditure (INR bn) Capital Expenditure Capital expenditure (RHS)(%) (% of GDP) 3, ,000 2,500 2,000 1, , ,566 1, ,669 1, , ,530 3,004 2,846 2, , Govt. capex to increase by ~10% in FY19 Source: CSO, MOSPI, CGA & MoF 14
15 Sector level actions Sector Consumer Healthcare Auto Outlook No change in the duty or imposition of any additional tax for Cigarette is positive for Cigarette companies (although GST rates can change in GST council) Custom duty increase on safflower, palm oil is negative for few FMCG companies using these commodities as inputs Custom duty increase on watches and sunglasses increases competitiveness of domestic manufacturers Launch of the much awaited National Healthcare protection scheme, with about 10 Cr families covered for up to Rs 5 lakh per family per year for secondary and tertiary care. This will improve the spending power of the people. The overall growth in the healthcare spend can double Customs duty on TBR tyres increased from 10 to 15%, This would help domestic players
16 Sector level actions Sector Capital Goods Real Estate Oil & Gas Agriculture Outlook Higher infra spends Budgeted railway capex for FY19 at Rs1.47tn is up 12% over FY18RE. Defence capex for FY19 at Rs0.94tn is up 9% YoY; moreover R&D spends budget up 29% to Rs97bn Continued push for affordable housing To achieve the vision of Housing for all by 2022, 5mn houses to be built in in rural area under Prime Minister Awas Scheme Establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank Addresses anomaly under Sec. 43 CA to tax real estate transactions Despite the higher oil prices, the FY19 petroleum subsidy provisioning has been kept flat at Rs. 248 bn The fertilizer subsidy for FY19 has been kept at Rs.700Bn vs. Rs 650 bn FY18RE numbers. This could imply lower subsidy liquidation before nation-wide DBT roll-out unless amendments are made
17 Sector level actions Sector Infrastructure Insurance/MF Banks/NBFC Outlook Overall infrastructure spends expected at Rs.5971Bn (up 21% YoY) with Roads Highways spends increasing by 10%. Targeted spend under Pradhan Mantri Awas Yojana of Rs.525Bn against Rs.290Bn for FY18. Relying on off-budgetary resources at Rs 250bln, from zero in FY18 Introduction of govt. sponsored health insurance programme for lower-income households, no clarity on amount allocated for the scheme LTCG on mutual funds Increase in tax from 0% to 10% Life Insurance No change in tax rates, ULIPs will continue to be exempt from LTCG subject to minimum sum assured Deviation from fiscal consolidation path and govt borrowing plans put pressure on yields Higher MSP for Kharif crops reduces pressure on rural asset quality Lower tax incidence on interest income for senior citizens Exemption on interest income on banks deposits raised from to 50000, positive for deposit growth Carry forward of loss for acquired company in insolvency cases Benefits of carry forward of accumulated loss extended to acquirer in IBC cases
18 Thank You STATUTORY: The information contained in this document is for general purposes only and is not an offer to sell or a solicitation to buy/ sell any mutual fund units / securities. The information / data here in alone are not sufficient and should not be used for the development or implementation of an investment strategy. The same should not be construed as investment advice to any party. REGISTERED OFFICE: UTI Tower, Gn Block, Bandra Kurla Complex, Bandra (E), Mumbai Phone: UTI Asset Management Company Ltd (Investment Manager for UTI Mutual Fund) invest@uti.co.in. (CIN-U65991MH2002GOI137867). For more information, please contact the nearest UTI Financial Centre or your AMFI/NISM certified UTI Mutual Fund Independent Financial Advisor (IFA) for a copy of the Statement of Additional Information, Scheme Information Document and Key Information Memorandum cum Application Form. Disclaimers: The information on this document is provided for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration. Users of this document should seek advice regarding the appropriateness of investing in any securities, financial instruments or investment strategies referred to on this document and should understand that statements regarding future prospects may not be realized. The recipient of this material is solely responsible for any action taken based on this material. Opinions, projections and estimates are subject to change without notice. UTI AMC Ltd is not an investment adviser, and is not purporting to provide you with investment, legal or tax advice. UTI AMC Ltd or UTI Mutual Fund (acting through UTI Trustee Company Pvt. Ltd) accepts no liability and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this document, howsoever arising, and including any loss, damage or expense arising from, but not limited to, any defect, error, imperfection, fault, mistake or inaccuracy with this document, its contents or associated services, or due to any unavailability of the document or any part thereof or any contents or associated services. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Press Information Bureau Government of India Ministry of Finance 01-February :06 IST Highlights of Budget
Press Information Bureau Government of India Ministry of Finance 01-February-2018 14:06 IST Highlights of Budget 2018-19 Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament.
More informationHighlights of Union Budget 2018
Highlights of Union Budget 2018 Why in news? Union Finance Minister presented the annual budegt in the Parliament. What are the highlights? Fiscal Prudence - Under the new GST regime, the last date for
More informationBUDGET Review and Impact of The Union Budget on Equity Market & Debt Market
BUDGET 2018 Review and Impact of The Union Budget on Equity Market & Debt Market BUDGET The Union Budget 2018 was presented by the Finance Minister Arun Jaitley in the backdrop of a strong stock market
More informationCMA Analysis of the Union Budget
CMA Analysis of the Union Budget 2018-19 On the macroeconomic front, post the uncertainties created by demonetisation and the efforts involved to streamline GST implementation, the recovery of economy
More informationSECTOR-WISE HIGHLIGHTS OF UNION BUDGET,
1 Available at: http://indianexpress.com/article/business/budget/union-budget-2018-live-updates-highlights-of-arunjaitleys-fifth-budget-5047188/ February 01, 2018 SECTOR-WISE HIGHLIGHTS OF UNION BUDGET,
More informationCURRENT AFFAIRS 1 st February 2018
CURRENT AFFAIRS 1 st February 2018 1. Union Budget 2018-19: Complete Analysis Budget 2018 Takeaways- As per the FM in the Union Budget, India is expected to become the fifth largest economy very soon.
More informationShri Vishnu Engineering College for Women (Autonomous): Bhimavaram. Department of Management Studies UNION BUDGET 2018 ANALYSIS
Shri Vishnu Engineering College for Women (Autonomous): Bhimavaram Department of Management Studies UNION BUDGET 2018 ANALYSIS SESSION @ 01-02-18 The students of MBA had witnessed the live presentation
More informationKey highlights union budget
Key highlights union budget 2018-19 * Govt's health scheme to cover 10 crore poor families is world's largest government-funded health protection scheme. * Arun Jaitley proposed to tax long term capital
More informationUnion Budget All About. Highlights
All About Union Budget 2018-19 Highlights Union Budget at a Glance 2018-19 Section wise highlights of Union Budget 2018-19 Schemes launched during Budget 2018-19 Table of Contents Budget at a Glance Major
More informationStudy-IQ education, All rights reserved
Copyright @ Study-IQ education, All rights reserved TIRELESSSOUL GauravGarg888 Q1) Which body in consultation with Central and State Governments, will put in place a fool-proof mechanism so that farmers
More informationSocial & Economic landscape undergoing change for the Elderly ones
Social & Economic landscape undergoing change for the Elderly ones Changing Family Structure o Joint family system is fast disintegrating o Nuclear home is the new trend Lack of Social Support o Sociability
More informationKey Market Highlights (01/02/2018)
Key Market Highlights (01/02/2018) GSEC 10yr benchmark closed 18 bps higher at 7.6046% vs. previous day close of 7.4298%. 10yr benchmark tumbled, hitting a near two year high amid concerns over greater
More informationSchemes announced in Budget
Schemes announced in Budget 2018-19 Agricultural Schemes Govt. will set up an agricultural market and infrastructure fund of Rs. 2000 crore to improve market connectivity. Kisan Urja Suraksha evam Utthaan
More informationThe Thrust of Budget Underlines A Growth Philosophy
Union Budget FY20 The Thrust of Budget Underlines A Growth Philosophy DBT Strategy for Sustainable Growth & Development JAM JAM DBT NREGA, ICDS, NEM NHM Disclaimer: The graph is only a visual representation
More informationAnalysis of Union Budget February 02, 2018
Analysis of Union Budget 2018-19 February 02, 2018 Budget 2018-19 snapshot (Rs. In crores) Particulars FY15 FY16 FY17 FY18 (RE) FY19 (BE) Revenue Receipts (a) 11,01,472 11,95,025 13,74,203 15,05,428 17,25,738
More informationSector Proposal Impact Agriculture
Agriculture Setting up an agricultural market fund with corpus of Rs 2,000 crore. Government emphasis is on generating higher incomes for farmers. MSP for Kharif crops to be 1.5X of cost of produce. Proposed
More informationHasmukh Adhia is the present finance secretary of India. (18/3/2018)
Hasmukh Adhia is the present finance secretary of India. (18/3/2018) CONSIDER THE FOLLOWING STATEMENT REGARDING THE LOANS TO WOMEN SELF HELP GROUPS IN UNION BUDGET 2018-19 1) It increased to grow about
More informationUNION (INTERIM) BUDGET ( )
UNION (INTERIM) BUDGET 2019-20 (02.02.2019) The Interim Budget 2019-20: It has largely been oriented towards the farmers, rural population, middle/salaried class and the unorganised sector workers. The
More informationAnalysing the Union Budget for
Analysing the Union Budget for 2018-19 What was special about this year s Budget? This year s Budget is the last full Budget of the Narendra Modi government. While electoral compulsions were expected to
More informationVisit us at Gosarkari.com
Visit us at Union Budget 2019-2020 of India was presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal. The knowledge about yearly Union Budget is very important
More informationUTI Fixed Income Investment Process
UTI Fixed Income Investment Process Agenda UTI Fixed Income Investment Team Fixed Income Investment Philosophy & Approach Fixed Income Investment & Portfolio Strategy Fixed Income Investment & Research
More informationPart -5. For queries regarding my lecture:- -
Part -5 For queries regarding my lecture:- Email- vironika.studyiq@gmail.com You can also follow me for updates and pdf: Instagram:- vironika_om Or Facebook:- VIRONIKA PRESENTED BY: VIRONIKA Bsc.(Hons.)
More informationSchemes Launched in Budget Overview of such schemes
Schemes Launched in Budget 2018-19 Overview of such schemes List of Schemes 1. National Health Protection Scheme 2. Operation Green 3. Eklavya School 4. Revitalising Infrastructure and Systems in Education
More informationHighlights of Union Budget
Highlights of Union Budget 2017-18 The Budget broadly focussed on 10 themes viz. farming sector, rural population, the youth, the poor to name a few. The 2017 Union Budget, presented by Finance Minister
More informationGDP. Economy Snapshots. Q3FY18 GDP at 7.2%; recovery shaping up
Mar 1, 218 Q3 GVA at 6.7% vs 6.2% in Q2 Nominal GDP at 11.9% vs 1% in Q2 GDP Q3 GDP at 7.2%; recovery shaping up Healthy GDP for Q3 at 7.2% portrays the expected growth turnaround post a dismal H1. Growth
More informationBudg Budgeet 201 t 20199
Budget 2019 2019 Key Takeaways Good Boost to rural and urban middle income households Fiscal prudence largely maintained despite election pressures Commitment to adhere to the fiscal deficit glide path
More information1 P a g e
1 P a g e Budget (Part I): RBI Grade B 2018 Lok Sabha Speaker Sumitra Mahajan Finance Minister Arun Jaitley 1. India achieved an average growth of 7.5% in first three years of our Government. 2. Indian
More informationUTI MF Investment Process (Domestic Equity Portfolio)
UTI MF Investment Process (Domestic Equity Portfolio) MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Presentation Flow Investment Philosophy Team Structure
More informationINTERIM UNION BUDGET 2019
Lunawat & Co. INTERIM UNION BUDGET 2019 2Lunawat & Co. DIRECT TAX Income-Tax Slab Rates There is no change in income-tax slab rates Relief to tax payers Section 87A is being amended to provide relief to
More informationPRESS INFORMATION BUREAU GOVERNMENT OF INDIA
General Budget 2018-19 15 Pib.nic.in PRESS INFORMATION BUREAU GOVERNMENT OF INDIA HIGHLIGHTS OF BUDGET 2018-19 New Delhi, 01th February, 2018 12 Magha, 1939 Finance Minister Shri Arun Jaitley presents
More informationPRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET
INTERIM BUDGET 2019-20 15 Pib.nic.in PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** BUDGET SUMMARY WITH MAJOR HIGHLIGHTS OF THE INTERIM BUDGET 2019-20 INTERIM BUDGET 2019-20 PRESENTED IN PARLIAMENT TODAY
More informationBUDGET IAS BEE
BUDGET 2018-19 IAS BEE TARGET PT 2018 A brief account of Indian economy: India is world s sixth largest economy by nominal GDP and third largest by purchasing power parity (PPP). India is a USD 2.5 trillion-dollar
More informationUTI MF Investment Process (Domestic Equity Portfolio)
UTI MF Investment Process (Domestic Equity Portfolio) MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Presentation Flow Investment Philosophy Team Structure
More informationIndian Union Budget FY18 One step at a time. February 2017
Indian Union Budget FY18 One step at a time February 2017 Key highlights Gross Domestic Product (GDP) Nominal GDP for financial year 2017-18 projected to grow at 11.75% year-on-year (YoY), similar to financial
More informationBudget Analysis CMA Ashok B Nawal
Budget Analysis 2017-18 CMA Ashok B Nawal Discretionary Administration Policy & System Based Administration TRANSITION Favouritism Blanket & Loose Entitlements Transparency & Objectivity in Decision Making
More informationBUDGET 2018 DECODED. A Bloomberg Quint & Aditya Birla Sun Life Mutual Fund Initiative
BUDGET 2018 DECODED A Bloomberg Quint & Aditya Birla Sun Life Mutual Fund Initiative CONTENT 1 Budget 2018 - The snapshot 2 Impact on You 3 The Aditya Birla Sun Life Mutual Fund View 4 Budget 2018 - The
More informationNATIONAL SCHOOL : 1 : OF BANKING
NATIONAL SCHOOL : 1 : OF BANKING BUDGET - HIGHLIGHTS - UNION BUDGET 2018-2019 Presented by Union Finance Minister Shri Arun Jaitley on 1st February, 2018 in Parliament, New Delhi. - FARM FOCUS : Crop MSP
More informationAxis Capital Builder Fund Series 1 (1540 days) A close ended equity scheme investing across large cap, mid cap, small cap stocks.
Axis Capital Builder Fund Series 1 (1540 days) A close ended equity scheme investing across large cap, mid cap, small cap stocks. 1 Budget Highlights Fiscal Deficit for FY 2017-18 at 3.5% of GDP. FY 2018-19
More informationUnion Budget : Highlights
Post Budget Analysis: Commodity Market : Highlights Finance Minister, Mr. Arun Jaitley, presented his third Union Budget. With an eye on supporting the small tax-payers and small investors, the Minister
More informationIndia: A Budget grounded in socio-economic reality
In Focus: India Budget Treasury Research Group For private circulation only India: A Budget grounded in socio-economic reality The Union Budget FY2019 was unveiled today amid considerable flux and uncertainties
More informationIndia Insights. CEO s perspective. Union Budget CEO s perspective. Analysing sectoral impact. Other key takeaways
India Insights Union Budget 2018-19 CEO s perspective Analysing sectoral impact Other key takeaways government held out a goal of doubling farmer income by 2022. Various allocations are intended to lay
More informationInterim Budget Highlights and boosters
Interim Budget 2019-20 Highlights and boosters February 2019 While the global economy is battling with strong headwinds, India s economy is seeing a robust growth and is on the path to emerging as one
More informationUnion Budget February 2017
Union Budget 2017-18 February 2017 Table of Content Page No. Summary 3 Key proposals - Individual 4-5 Sector Impact 6-9 Disclaimer 10 2 Summary FY18 budget is focused on improving spending & liquidity
More informationGovernment Schemes. Pehal- A Max Life CSR initiative
Government Schemes Pehal- A Max Life CSR initiative Know about Govt. Schemes and benefits from them Indian Government has announced Welfare Schemes for a cross section of the society, at all levels, from
More informationModi govt boosts Middle Class, Farmers, Workers' Josh!
Mission Elections 2k19 Modi govt boosts Middle Class, Farmers, Workers' Josh! b Hive Volume 06 ** February 2019 ** Issue 02 # Contents Humaare sarkar ki niyat saaf hai neeti, spasht hai aur nishtha atal
More informationDose of populism retaining fiscal discipline. Union Budget Fiscal Deficit to drop to 3.3%
Union Budget 2018-19 Dose of populism retaining fiscal discipline As expected, this year s budget had all the hallmarks of being populist. Rural largesse, infra push, impetus to health care, standard deductions
More informationNRI Sampark. Budget Special
NRI Sampark Budget Special Dear NRI friends, February 20, 2018 Season s greetings from IDBI Bank. At the outset, I take this opportunity to share with you the special edition of NRI Sampark, a quarterly
More informationEdelweiss Conference India 2025: Another Tryst with Destiny Indian Banking at Inflection Topical Themes
Edelweiss Conference India 2025: Another Tryst with Destiny Indian Banking at Inflection Topical Themes February 07, 2018 Reforms Set to Expand the Banking Opportunity Serving the Underserved Rural Banking
More informationKey Highlights - India Budget 2018
Key Highlights - India Budget 2018 Habibullah & Co. Chartered Accountants India hcoca.com Foreword CA. Vivek Agarwal Managing Partner This Budget is expected to be the last of the Modi Government prior
More informationKey Features of Budget
Key Features of Budget 2017-2018 Why in news? The 2017 Union Budget was presented by Finance Minister Arun Jaitley on February 1 st, which is a month earlier than it is usually done. What were the key
More informationUnion Budget Complete Highlights
Union Budget 2018-19 Complete Highlights 1. Union Budget 2017-18 - Finance Minister Arun Jaitley presented Union Budget 2018-19 in Lok Sabha. It was 4th full year Budget of NDA government and 5th budget
More informationSalient points of the. Union Financial. Budget Contents. Foreword. 2 Fiscal and economic review. 3 Key policy announcements
Salient points of the Union Financial Budget 2017-18 Contents 1 Foreword 2 Fiscal and economic review 3 Key policy announcements 4 5 6 Direct tax proposals Indirect tax proposals Contact us Foreword With
More informationWill the budget focus on fiscal maths, election or inflation?
Will the budget focus on fiscal maths, election or inflation? The Finance Minister (FM) Arun Jaitley will present NDA s fourth budget under the current term on February 1, 2018. This year FM faces a unique
More informationKerala Budget Analysis
The Finance Minister of Kerala, Dr.T M Thomas Isaac, presented the Budget for Kerala for financial year on March 03, 2017. Budget Highlights The Gross State Domestic Product of Kerala for at current prices
More informationA budget for livelihood and consumption led growth. February 2018
A budget for livelihood and consumption led growth February 2018 PHD RESEARCH BUREAU PHD CHAMBER OF COMMERCE AND INDUSTRY PHD House, 4/2 Siri Institutional Area, August Kranti Marg New Delhi 110016 Phone:
More informationINDIA BUDGET Privileged Use Only.
INDIA BUDGET 2 18 Privileged Use Only www.rama.co.in 01 Foreword RAMA s Perspective 01 02 Economy Indicators At Glance 02-03 03 Key Announcements Quick Notes..04-05 04 Budget Analysis Agenda For 2018-19
More information24 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
Experience Next Generation Banking To kindle interest in economic affairs... To empower the student community... www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank 24 th Year of
More informationInvestment Strategy Equity & Debt, February, 2018
Investment Strategy Equity & Debt, February, 2018 Key pointers on budget numbers The government expects total receipts to grow at 10% in FY2019BE based on 11.5% nominal GDP growth. o FY2019 is likely to
More informationAgriculture: As a step towards doubling of Farmer income, MSPs for all unannounced Kharif crops will be 1.5x production cost.
For Private Circulation Only Health: World s largest government funded healthcare program through a coverage upto Rs 5 lakh per family per year for secondary and tertiary care hospitalization. Infrastructure:
More informationSUNIL CHOPRA & CO. Chartered Accountants
1 SUNIL CHOPRA & CO. Chartered Accountants 3, 1 st Floor, Mandar, 193, Turner Road, Bandra (W), Mumbai 400050 Tel: 022-26515394 / 95, Fax: 26515438 Email: sccoca@gmail.com INTERIM UNION BUDGET 2019-20
More informationKey highlights in a nutshell INDIA INTERIM BUDGET 2019
Key highlights in a nutshell INDIA INTERIM BUDGET 2019 INTRODUCTION TO INDIA INTERIM BUDGET 2019 STATE OF ECONOMY - KEY ECONOMIC INDICATORS Indian economy estimated to achieve growth of 7.2% in 2018-19
More informationINDIAN BUDGET 2015 HIGHLIGHTS. Insights into how Budget 2015 will impact taxpayers and the. Latest Income Tax Slab Rates for Financial Year
INDIAN BUDGET 2015 HIGHLIGHTS Insights into how Budget 2015 will impact taxpayers and the Latest Income Tax Slab Rates for Financial Year 2015-16. By Mytaxcafe.com 1 HIGHLIGHTS OF BUDGET 2015 Income Tax
More informationUnion Budget A well balanced budget
The Union Budget 2019 was largely along expected lines. The last four years have witnessed a large number of reforms Goods & Service Tax (GST), Direct Benefit Transfers (DBT), Indian Bankruptcy code, focus
More informationMarkets Cheer Government Roadmap for Economic Revival:
Markets Cheer Government Roadmap for Economic Revival: Should You Revise Your Portfolio Now? Author: ifast Research Team November 9, 217 The Government of India (GOI) decided to celebrate Diwali on October
More informationUTI Dual Advantage Fixed Term Fund Series IV I (1279 days)
UTI Dual Advantage Fixed Term Fund Series IV I (1279 days) (A Close-ended Hybrid Scheme) NFO Opens: November 22, 2016 NFO Closes: December 06, 2016 RISKOMETER The product is suitable for investors who
More informationUNION BUDGET : Analysis July 10, 2014
UNION BUDGET 2014-15 : Analysis July 10, 2014 Fiscal Prudence 1. Tax arithmetic: Overall tax collections are down ~Rs10,000cr, but overall expenditure levels have been maintained, with a marginal raise
More information28 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in
More informationSundaram Select Small Cap Series V
Sundaram Select Small Cap Series V A close-ended equity scheme NFO Opens: June 5, 2017 NFO Closes: June 19, 2017 SUNDARAM SELECT SMALL CAP SERIES V FUND DETAILS A four year close-ended Equity Scheme A
More informationUnion Budget Swiss - Indian Chamber of Commerce April, #Budget2018 #KPMGBudgetLive. kpmg.com/in/unionbudget18
Union Budget 2018-19 Swiss - Indian Chamber of Commerce April, 2018 #Budget2018 #KPMGBudgetLive kpmg.com/in/unionbudget18 Contents 1 India and the World 2 Overview of Indian Corporation Tax Regime 3 Budget
More informationInterim Budget February
Interim Budget 2019 February 2019 www.krayman.com Union Budget 2019 Hon ble Minister of Finance, Shri Piyush Goyal, presented the Interim Budget for the financial year ( FY ) 2019-20 on February 1, 2019.
More informationFarmers and rural population
MARCH YOJANA Budget Union Budget, this year, was presented amidst a host of uncertainties. Demonetisation drive and imminent GST drive, new administration in U.S etc. made the whole exercise very challenging.
More informationBudget & Outlook. March Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Budget & Outlook March 2013 Mutual Fund investments are subject to market risks, read all scheme related documents carefully. ECONOMIC BACKDROP High Fiscal Deficit High Current Account Deficit Moderating
More information20 th Year of Publication. A monthly publication from South Indian Bank.
To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank 20 th Year of Publication Experience
More informationBudget Gist
Budget 2018-2019 Gist CONTENTS Introduction India s current position Important focus areas of Budget 2018 Strengthening Agriculture and Rural Economy Cluster based development of agri-commodities and regions
More informationGeneral Studies Prelim 2011: Current Affairs: Indian Economy
VISION IAS www.visionias.wordpress.com www.visionias.cfsites.org www.visioniasonline.com General Studies Prelim 2011: Current Affairs: Indian Economy GENERAL BUDGET 2011-12 www.visionias.wordpress.com
More informationUnion Budget (Interim) 2014
Union Budget (Interim) 2014 (Prepared on Feb 17, 2014) Introduction As you know, the Union Finance Minister presented the Interim Budget on February 17, 2014. This being an election year, a new government
More informationA monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank Experience Next Generation Banking
More informationHIGHLIGHTS OF KARNATAKA S BUDGET
HIGHLIGHTS OF KARNATAKA S BUDGET 2008-09 OVERVIEW OF THE BUDGET! The Budget of Government of Karnataka for 2008-09 with an outlay of Rs.56542.15 crores from the State Consolidated fund has been presented
More informationbe circulated to investors/prospective investors. be circulated to investors/prospective investors.
Structural Reforms in India 2012 2014 2015 2016 2017 UIDAI launched online verification and issuance of Aadhaar Card, Direct Benefit Transfer based on Aadhaar Card initiated. Launch of Jan Dhan Programme.
More informationUnion Budget February 2018
Union Budget 2018 February 2018 Union Budget 2018 Hon ble Finance Minister Arun Jaitley on February 1, 2018, presented the Union Budget for the financial year 2018-19. As Prime Minister Narendra Modi hinted
More information10 pillars of change in India
10 pillars of change in India India is one of the fastest-growing emerging markets. The government is introducing dramatic changes to strengthen the economy, improve efficiency, reduce corruption and attract
More information2018 UNION BUDGET K R GIRISH & ASSOCIATES
2018 UNION BUDGET K R GIRISH & ASSOCIATES Information in this publication is intended to provide only a general outline of the subjects covered. It should neither be regarded as comprehensive nor sufficient
More informationPROPOSED AMENDMENTS FOR INCOME TAX IN FINANCE BILL, 2018 - By PARAS KOCHAR, Advocate NO CHANGE IN PERSONAL INCOME TAX. Education Cess and Secondary and Higher Education Cess shall be discontinued and a
More informationTechnical Expert Group on Fossil Fuel Subsidy Indicator for SDG 12c Second Consultation Meeting 29 September 2017
Technical Expert Group on Fossil Fuel Subsidy Indicator for SDG 12c Second Consultation Meeting 29 September 2017 Avneet Kaur Deputy Director Ministry of Statistics and Programme Implementation Government
More informationINDIA BUDGET
INDIA BUDGET 2018-19 Author Jairaj Purandare Tags Budget Business Connection Capital Gains India Investment Activity Tax Policy INTRODUCTION All eyes were set on the Indian Finance Minister on February
More informationUnion Budget
1 Rajnish Kumar Chairman State Bank of India Mumbai FOREWORD At the onset, let me congratulate the Hon ble Finance Minister for presenting a Budget that has contours of both work in progress and a new
More informationBUDGET MCQ PART - 2. Q.1 National Housing Bank will refinance individual housing loans of about in
BUDGET MCQ PART - 2 Q.1 National Housing Bank will refinance individual housing loans of about in 2017-18. 1. 20,000 Crore 2. 10,000 Crore 3. 30,000 Crore 4. 40,000 Crore 5. 50,000 Crore Ans:National Housing
More informationTABLE OF CONTENTS. Sl. No. Statements Page No.
TABLE OF CONTENTS Sl. No. Statements Page No. Preface (i) 1 Macro-Economic Framework Statement 1 2 Medium Term Fiscal Policy Statement 6 3 Fiscal Policy Strategy Statement 17 PREFACE The Fiscal Responsibility
More informationSECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN)
Second Jharkhand State Road Project (RRP IND 49125) SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN) A. Sector Performance, Problems, and Opportunities 1. State context. The state of Jharkhand was
More informationBUDGET OVERVIEW OF THE ECONOMY T
BUDGET 2018 19 OVERVIEW OF THE ECONOMY T he GDP grew at 6.3 per cent in the second quarter of 2017 18 and is expected to grow at 7.2 7.5 per cent in the second half of 2017 18. Indian economy is now 2.5
More informationAgrochemicals. 3QFY18E Results Preview 09 JAN Basanth Patil
Agrochemicals FY18E Results Preview 09 JAN 2018 Basanth Patil basanth.patil@hdfcsec.com +91-22-6171-7319 FY18E: Highest rabi sowing; stable results expected Agrochemicals: A normal monsoon in 2017 and
More informationIndian Banking at Inflection Topical Themes Credit Suisse Asian Investment Conference. March 19, 2018
Indian Banking at Inflection Topical Themes Credit Suisse Asian Investment Conference March 19, 2018 Presentation Path 1. Finally, a Viable NPA Resolution Platform 2. Formalization of Economy 3. Financialization
More informationBUDGET MCQ PART- I. Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget ?
BUDGET MCQ PART- I Q.1 How much amount of Agricultural Credit to farmers has been proposed in the Union Budget 2017-18? 1. 40 lakh crores 2. 30 lakh crores 3. 10 lakh crores 4. 20 lakh crores 5. None of
More informationLedger Services Private Limited Union Budget 2018 Inside Finance Bill
Key Policy Announcements in Budget 2018 Agriculture and Rural Economy Health, Education and Social Protection MSME & Employment Page 1 Page 2 Ledger Services Private Limited UNION BUDGET 2018 1. Direct
More informationCORPORATE SOCIAL RESPONSIBILITY POLICY
T. V. Today Network Limited Registered Office: F-26, First Floor, Connaught Circus, New Delhi 110001, CIN No. L92200DL1999PLC103001, Telephone Number: 0120-4807100, Fax Number: 0120-4325028 Website: www.aajtak.intoday.in,
More informationUTI Capital Protection Oriented Scheme Series VII V (1281 days)
UTI Capital Protection Oriented Scheme Series VII V (1281 days) (A Close Ended Capital Protection Oriented Income Fund) Rated as CRISIL AAA(SO) by CRISIL^ NFO Opens: May 13, 2016 NFO Closes: May 27, 2016
More informationAssam Budget Analysis
The Finance Minister of Assam, Mr. Himanta Biswa Sarma presented the Budget for Assam for financial year 2017-18 on February 7, 2017. Budget Highlights The Gross State Domestic Product of Assam for at
More informationKEY TO BUDGET DOCUMENTS BUDGET
KEY TO BUDGET DOCUMENTS BUDGET 2019-2020 1. The list of Budget documents presented to the Parliament, besides the Finance Minister's Budget Speech, is given below: A. Annual Financial Statement (AFS) B.
More informationAdditional Offering Period: February 14, % Discount* for all investor categories on Government disinvestment shares
(An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index) Managed by ICICI Prudential AMC Ltd. Additional Offering Period: February 14, 2019 5% Discount* for all investor categories on
More informationBUDGET: TABLE 1: BUDGET AT A GLANCE (Actuals) A. Revenue Receipts
BUDGET: 2018-19 TABLE 1: BUDGET AT A GLANCE (Rs. in crore) Items 2016-17 (Actuals) (RE) 2018-19 A. Revenue Receipts 41978 58168 55307 64269 B. Revenue Expenditure 39812 48819 43882 51185 Revenue Surplus
More information