Free Press Journal
  • Budget 2018: India to spend 12.10% of its budget on defence

    New Delhi: India will be spending 12.10% of its total budget of Rs 24,42,213 crore in the next fiscal of 2018-19 as Finance Minister Arun Jaitley set aside Rs 2.95 lakh crore for defence in the Union Budget he presented in the Lok Sabha on Thursday.

  • Will Budget grant relief?

    This is a good budget. The finance minister has raised monies from three sources. One, the number of income taxpayers has increased subsequent to demonetisation and introduction of GST. Two, receipts from the sale of Government shareholding in Public Sector Undertakings are buoyant. Three, higher customs duty and surcharge will lead to increased receipts. These monies will be substantially used for higher investment in infrastructure — highways, rural roads, Wi-Fi in small

  • maharashtra, crop, loan waiver, maharashtra government, croap loan waiver scheme, farmers

    Budget 2018: Jai kisan big bang Budget

    To be sure, union finance minister Arun Jaitley’s last full-fledged budget is definitely oriented to bolster the NDA government’s fortunes in the national elections in 2019. Considering the raging agrarian distress all over India — which made the recent Gujarat elections a closer fight for the BJP government — this has influenced him to significantly step up pro-farmer, pro-rural spending in his budget. At a time when overall GDP growth is still

  • Budget 2018: Too late to put the act together

    IF only Budget 2018 had been presented in 2014, perhaps the snafus would have been worked out by now. Significantly, he chose to wait until what is probably the last budget of  this government’s term.

  • Budget 2018: Business leaders give thumbs up to Budget

    Indore: Though they rued a general neglect of big companies, experts and business leaders here still gave thumbs up to Union Budget-2018-19 saying that Finance Minister Arun Jaitley gave a push to agriculture, relief to MSME and money to healthcare.

  • Union Budget 2018: Experts say a progressive one

    Indore: Tax consultants and economist have appreciated measures announced by Finance Minister Arun Jaitley in the Union Budget 2018-19, which was presented in the Lok Sabha on Thursday.

  • Budget 2018: TB patients express anger over allocation of money

    Mumbai: In an attempt to eliminate tuberculosis in India, Finance Minister Arun Jaitley on Thursday allocated Rs 600 crores for nutritional support to TB patients in India. The recent allocation, with an addition to Rs 1200cr set aside as patient social and nutritional support under national strategic plan for tuberculosis budget (2017-2020) is said to decrease the fall-out of patients from treatment due to lack of nutritional support.

  • Budget 2018: Educationists feel that education sector has been ignored

    Mumbai: Educationists are disappointed with the 2018 budget, which they feel has emphasised on infrastructure and left the buildings hollow, with no real impetus to education. Education is fairly ignored in terms of funding and improving the quality of education at the ground level as per educationists.

  • Budget 2018: Experts welcome hike in health insurance premium for senior citizens

    Mumbai: Providing relief to senior citizens, Finance Minister Arun Jaitley on Thursday raised the Section 80D limit of the Income-tax Act relating to deduction in respect of health insurance premium to Rs50,000 from the earlier Rs30,000. As per the declaration, henceforth, all senior citizens will now be able to claim benefit of deduction up to Rs. 50,000 per annum in respect of any health insurance premium and any general medical expenditure incurred.

  • Budget 2018: Mumbaikars unhappy on union budget, call it a ‘hoax’

    Mumbai: A minor good news for middle-class does not appeal Mumbaikars. Finance Minister Arun Jaitley’s budget brought reduced petrol prices by reducing basic excise duty on branded and unbranded petrol as well as diesel. However, city customers feel the reduction in petrol price is not authentic since other factors will also affect the fuel prices.

  • Budget 2018: MPs’ basic salary doubled; law for revision every five years

    New Delhi: Finance Minister Arun Jaitley on Thursday announced a proposal to bring an Act of Parliament for automatic revision of emoluments of the Members of Parliament every five years indexed to inflation. The first revision will be from April 1, 2018. This puts an end to the present practice of the MPs fixing their own emoluments that has attracted much criticism, Jaitley said in his 110-minute long budget speech in the Lok

  • Budget 2018: Senior citizens from Mumbai happy with tax benefits

    Mumbai: Announcing a series of benefits for senior citizens, Finance Minister Arun Jaitley on Thursday said the exemption limit on income from interest has been raised five times to Rs 50,000 per year. Senior citizens of Mumbai, when queried, said that they are happy with the tax benefits.

  • Budget 2018, Mumbai, Budget 20187 updates, Highlights of Budget 2018, Arun Jaitley, Mumbai local, Railways,

    Budget 2018: Mumbai alone gets Rs 51,000 crore from Union Budget

    Mumbai: In a major move for betterment of the Suburban Railway network, Mumbai received massive gains in the Rs 1.48 lakh crore-Railway Budget 2018 with Finance Minister Arun Jaitley on Thursday morning allocating Rs 51,000 crore for Mumbai alone.

  • Budget 2018: Here are funniest Twitter reactions to Arun Jaitley’s budget

    Finance Minister Arun Jaitley today presented the Union Budget 2018-19 in Lok Sabha and people on social media are buzzing with excitement. The Finance Minister for the first time in history of India delivered the budget speech in “Hinglish”, a mix of Hindi and English, which drew strong reactions on social media.