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Finance Minister Arun Jaitley to present Annual Budget on Thursday

Finance Minister Arun Jaitley to present Annual Budget on Thursday

The Union Budget of India also referred to as the Annual financial statement in Article 112 of the Constitution of India, 1950 is the annual budget of the Republic of India. "Government should activate the Payments Regulatory Board, allow infrastructure status to digital economy industry for better credit, growth and Public-Private partnership opportunities", said Anupam Pahuja, Managing Director and Country Manager, PayPal India. "The finance minister is likely to stand by his statement and not alter MAT provisions in budget of 2018". The budget may also have something in store for start ups.

Speaking on the topic of climate change at the World Economic Forum earlier this month, Prime Minister Narendra Modi at the World Economic Forum highlighted India's ambitious 175 GW target by 2022, and how India is moving towards it rapidly, however, industry players demand more from Finance Minister Arun Jaitley who will present the Budget 2018 on February 1. Fiscal discipline is key: Budget 2018 will test investors' faith in govt Modi's Budget 2018 dilemma Modi has a tough balancing act in this week's budget: maintaining fiscal prudence or handing out cash to placate rural voters ahead of next year's election. And while there seem to be more jobs in the formal sector than previously thought, job creation obviously still remains a big challenge for the government.

Will Modi govt reduce stress in the farm sector?

The government will also announce measures to address the issues of non-performing assets (NPAs) and stressed accounts of MSMEs. Due to this, desired number of jobs has not been created which is a major concern for the government.

Bell Let's Talk supports city mental health initiative with a $20000 grant
Cotton, 36, said: "Being open about our mental health is good for all of us, and it doesn't need to be hard or scary". Chenhall said there is help for people who feel they are struggling with their mental health.

Spurred on by the US's significant cut in its corporate tax rate just before the turn of the year, companies can be optimistic that India's rate will now fall.

PUSH TO EDUCATION: Education is important for overall development of the country. There is no use having a trained workforce without generating employment, as was the case in the past four years; so the budget may throw up populist employment schemes as a necessary safety net to meet the requirements of the election year. It is believed that there can be some other announcement in the budget for both.

With the recent rating up-gradation and the improvement in ease of doing business index, India stands a high chance of becoming a global investment destination in the next couple of years. Though the Economic Survey, tabled in Parliament, projected the GDP growth rate to be in the range of 7% to 7.5% in 2018-19, it also flagged risks from rising oil prices and growing protectionist tendencies in some countries.


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