BUSINESS
After the Budget 2018 will be tabled, the members of the council will be educationg people through the DD national channel.
Amidst the Opposition's allegation of rising inflation, Prime Minister Narendra Modi had directed the members of its Economic Advisory to educate people regarding the Budget 2018.
Union Finance Minister Arun Jaitley will table th eBudget on February 1. After which, PM Modi had asked his Economic Council to go among the people to educate about the points that will work in the common man's favour.
After the Budget 2018 will be tabled, the members of the council will be educationg people through the DD national channel.
According to sources, the upcoming Budget will be focussed upon the agricultural sector and rural economy. Employment will also be highlighted in the Budget.
Sources close to the development has told Zee Media that the Prime Minister has asked his council to go and clear doubts of th ecitizens regarding various government policies.
This will be the first of its kind effort by any of the Government after presenting the Budget.
Budget 2018 will be the first one after the implementation of the Goods and Services Tax (GST), and Union Finance Minister Arun Jaitley is likely to allocate more than Rs 50,000 crore for housing and rural welfare on the basis of a strong revenue estimate from the mega indirect tax reform for next year.
Government officials said that in spite of shortfall in the current year, GST would jump 15 per cent in 2019. It is set to announce massive allocation for rural and infra sectors. A ministry official said, "After implementation of e-way Bill and invoice match system, GST revenues will jump, and the government will allocate more money to rural housing or infrastructure on the basis of this surge."
Niti Aayog has also forecast that GST will add more revenue over time. According to it, post GST, tax revenue will grow to Rs 26.48 lakh crore by 2019-20.
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