Union Budget 2018: Big health and rural push in final pre-poll offering, Opp unimpressed
Finance Minsiter Arun Jaitley will present the fifth and final budget of the Narendra Modi government
Union Finance Minister Arun Jaitley presents the fifth budget of the Narendra Modi led government. The Finance Minster tables the Budget before the Parliament at 11 AM today.
FM Arun Jaitley addressed rural distress as widely expected. However, to salaried class disappointment, the Finance Minister announced no change in the tax slab. For Railways, the Finance Minister made it clear that the focus would be on security and upgradation first. He said, the stations with footfall of over 25,000 will get escalators and all the stations will get wi-fi services.
For senior citizens, FM has announced benefits. Arun Jaitley also took care of women's employees and made several announcements benefiting them.
Below are the Union Budget 2018 LIVE updates:
Latest Updates
Companies failing to file income tax returns will soon face prosecution, with the government making a proposal in this regard in the Union Budget. The proposal comes at a time when the government has stepped up efforts to clamp down on shell companies and curb illicit fund flows. "It is proposed to provide that prosecution shall lie against companies for non-filing of return irrespective of the fact that whether any tax is payable or not," according to an annexure in the budget speech by Finance Minister Arun Jaitley.
As per the budget memorandum, Section 276CC of the Income Tax Act provides that if a person wilfully fails to furnish in due time the return of income which he is required to furnish, he shall be punishable with imprisonment for a term, as specified therein, with fine.
Arun Jaitley at post-budget Talkathon
Profit earned from illegal activity like cryptocurrency is taxable:
As DBT schemes picks up speed, the spending capacity of people will also increase
When we improve infrastructure, quality of education, healthcare the people of India especially the middle class benefits
After the implementation of GST the income of people have become transparent and the corporate tax collection has gone up
Swachh Bharat Mission has been taken up by the whole country as a National programme. Even private companies have taken it up as part of their CSR. This year 2 crore more toilets will be built
The announcement of National Bamboo Mission and allocation of Rs 1,290 crore for it during the 2018-19 fiscal has special significance for the Northeast and it shows the Modi government's continued commitment to the region's development, Union minister Jitendra Singh said today. He said, it is also a pleasant coincidence the Budget announcement by Finance Minister Arun Jaitley has come close on the heels of the Union cabinet's decision to amend the 90-year-old "Indian Forest Act of 1927", which was a legacy of the British empire, and the amendment has exempted the bamboo grown in the non-forest land from the Act.
Nirmala Sitharaman reacts to Union Budget 2018
Here's what Prime Minister Narendra Modi has to say about the Budget 2018
Congress President Rahul Gandhi criticises Budget 2018, says even after 4 years there are no job creation.
Opposition parties meeting begins in New Delhi
Railway Minister Piyush Goyal happy with the budget allocation to Railways
Former Finance Minister gives thumbs down to the Union Budget 2019
Union Minister Rajyavardhan Rathore lauds the Budget
The fact that Government has gone back to a path of fiscal consolidation in a special year like this should reassure bond markets that the commitment for consolidation is strong and robust: CEA
The RJD today alleged that there was "nothing" for Bihar in the union budget presented by Finance Minister Arun Jaitley and squarely blamed Chief Minister Nitish Kumar for the alleged "stepmotherly treatment" meted out by the Centre.
"The budget contained nothing for Bihar. The state got nothing despite promises of a special package and a special status. Nitish Kumar should tell us whether this is the double engine for him. It is because of him that the Centre is meting out stepmotherly treatment to Bihar", RJD leader Tejashwi Yadav said in a tweet.
Buget 2018 proposes institutional mechanism to fix emoluments of elected members, thereby addressing the criticism that they fix their own salaries: FM
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Andhra Pradesh Finance Minister not happy with the Budget
Agriculture and rural economy have been given high priority in Union Budget 2018: FM
FM Arun Jaitley defends no change in tax slab, he says tax slab is already lowest in the world.
Bharatiya Mazdoor Sangh terms the #UnionBudget2018 as 'disappointing', BMS to hold nationwide demonstration tomorrow
Arun Jaitley announces benefits to senior citizens in Union Budget 2018
Finance Minister Arun Jaitley addresses media after presenting the Union Budget 2018
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After Union Budget, Sensex ends in red to close at 35,906.66, Nifty to end at 11,016.90 points.
Congress senior leader, Shashi Tharoor appreciates announcement related to health sector.
Government gives mega push to education sector
"It's a transformational budget, and it will bring about a positive change in everyone's lives", says Union Minister Ananth Kumar
BJP President Amit Shah lauds Arun Jaitley's Union Budget 2018
Budgetary support to Defence sector to remain government’s priority
What will become expensive?
To buy luxury cars from abroad has become expensive.
Processed food, Electronics' prices will go higher as the govt in the Budget 2018 has introduced 5 per cent custom duty.
Mobiles that have not manufactured outside India, TV sets and laptops will be costlier.
Spares parts of TV will also attract additional custom duty
Whose prices will increase?
Prices of TV will increase 5%
Mobile phones will increase 5%
Silver prices will increase by 3%
Footwear prices will increase by 5%
Phone's battery's prices will also increase by 5%
Gold prices will witness an increase of 3%
Here is a complete list of items.
Former PM HD Dewe Gowda says, measures taken for agricultural sector not enough.
After Union Finance Minister Arun Jaitley presented the Union Budget, Prime Minister Narendra Modi lauded the budet and said that it caters to all sections of the society. ‘From food processing to fiber optics, roads to shipping, youth to senior citizen, rural India to Ayushmaan Bharat, Digital India to Start Up India, this budget strengthens hopes and aspirations of crores of Indians,’ PM Modi said.
'I congratulate the Finance Minister for the decision regarding Minimum Support Price. I am sure it will help the farmers tremendously,' PM Modi said.
Union Finance Minister Arun Jaitley concludes his Budget speech 2018-19
- Education, health, education cess increased to 4%
Finance Minister Arun Jaitley quotes Swami Vivekananda from Memoirs of European Travel
Custom duty on mobile phones increased to 20% from 15%: Arun Jaitley
Finance Minister Arun Jaitley announces TDS limit to be increased from Rs 10,000 to Rs 50,000
Relief for senior citizens in the Budget 2018-19
What Arun JAitley announces for salaries-class tax payer
Corporate Tax: