ANALYSIS OF UNION FINANCE BILL 2018

Overall Rating of Union Budget 2018:   Union Budget is rated as 7.5 out of 10 after considering the developments and acceleration in the macro factors, challenges before the Finance Minister and current situation of the Indian Economy.   Positive Features: Focus on strengthening rural and agricultural economy. The government will assign every enterprise in […]

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Note ban, GST to widen tax base: Arun Jaitley

Finance Minister Arun Jaitley on Saturday said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base. Jaitley said the government has come out with laws to contain overseas black money as well as those dealing with domestic black money and cracking down […]

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7th Pay Commission Allowances to Bump up Inflation Temporarily

The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report. Both GST and HRA increase have kicked in from July 1 and though the pay commission allowances are likely to bump up inflation, the Reserve Bank is expected to cut […]

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43 McDonald’s Delhi outlets to shut today, 1700 will lose jobs

In an unprecedented move, the infighting between Connaught Plaza Restaurants (CPRL), the 50:50 local joint venture between Vikram Bakshi and the US-headquartered McDonald’s that operates the fast food chain in north and east India, and the global burger giant took an ugly turn with the CPRL board deciding to shut down 43 out of 55 […]

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Printing of Rs 200 currency notes begins

India’s re-monetisation exercise appears to be entering its final lap, with the central bank beginning to print bills of 200 rupees – perhaps for the first time – to help ease consumer transactions. The notes of Rs 200 denomination are being printed in one of the government-owned facilities after the Reserve Bank of India (RBI) […]

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Trump calls for removal of barriers for US exports to India

US President Donald Trump said he is keen to work with Prime Minister Narendra Modi on creating a “fair and reciprocal” trading relationship between the two nations and called for the removal of “barriers” for the export of US goods into Indian markets. “I look forward to working with you to create jobs in our […]

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ANALYSIS OF UNION FINANCE BILL 2017

Rating of Union Budget 2017:   The author and his team rates this Union Budget as 8 out of 10 after considering the developments and acceleration in the macro factors, the fiscal discipline, challenges before the Finance Minister, long terms vision and current situation of the Indian Economy.   Positive Features: There are some positive […]

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