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      BUDGET 2017-18: Things To Know

      Sunday, February 12th, 2017 Amritesh 2 responses

      The Budget for Financial Year 2017-18 was presented earlier this week by our Hon’able Finance Minister in the parliament. This was the first budget post demonetization drive with a lot of expectation from the various sections of the society. The Government had to balance the budget keeping in mind the interest of the common people as well the need to address issues of reforms and economy growth. Many were quite skeptical about the Budget post the demonetization. The budget did announce few benefits for the Common Class but it was more directed towards the cleaning up of the parallel economy run through black money and move towards more compliant India. Some of the facts which came out during the budget…

      BUDGET 2016: Personal Finance Perspective

      Sunday, March 13th, 2016 Amritesh no responses

      Budget 2016 was an attempt to address the concerns of Individuals involved in the Agriculture Sector as well as ensure that Infrastructure Developments are on the right track which is very encouraging. The stance on Fiscal Consolidation is also commendable considering that 7thPay Commission is bound to put additional burden on the Government. However, the Budget did not bring much cheer to the Middle and Salaried class who in my opinion are already burdened by various direct and indirect taxes. The Government has chosen to tax the existing tax payers instead of widening the tax base, and in my opinion even the Super Rich Farmers should be brought under the purview of tax, while incentive and benefits should be extended…

      Budget 2016-17: Highlights

      Tuesday, March 1st, 2016 Amritesh no responses

      The Budget for 2016-17 was presented yesterday and to the disappointment of the Salaried class there has been no revision in the existing Tax Slab nor any hike in the tax deduction available various Section. Moreover, the biggest shocker for over 5 crore EPF account holders was the announcement that now major chunk of the retirement corpus is taxable. Even Superannuation Funds (Retirement Funds like National Pension Scheme) will have tax implication at the time of maturity/withdrawal.The Budget aimed at addressing the needs of the poor, people involved with the agriculture sector and development of the rural areas was very encouraging.  The notable disappointment was that the middle class hardly had anything to cheer, on contrary the announcement to tax…

      Indian Budget 2015: An Insight

      Saturday, February 28th, 2015 Amritesh one response

      Today our Hon’able Finance Minister, Mr. Arun Jaitley announced the budget for the Financial Year 2015-16. In this post I will highlight the major announcements made by him in respect of Economy as well as changes in Direct Tax regime which would impact Individual Tax Payers. Overall the budget did not see any major makeshift but the announcements suggested that the Government is looking to make India an investment friendly destination. The budget did focus on Growth and bringing down the fiscal deficit which augurs well for the economy in the long run. But the larger section of the society, i.e the Middle Class may not have much to cheer about.Announcements on Economy Front:-Fiscal deficit seen at 3.9 percent of…

      Budget 2014: Reforms A Priority Or Populism

      Sunday, September 14th, 2014 Amritesh no responses

      The Budget 2014 was one of the most anticipated and hyped budget in the recent past. A new Government at the Centre backed by a strong mandate raised the hopes of the people belonging to different section of the society. It was also a very challenging task for the government as it had to tackle many issues upfront and also deliver on the expectation of the people. It had to check the continuous slide in the GDP over the past few Quarters as well as control the fiscal deficit. Plan and formulate strategies to bring reforms and growth to the forefront and at the same time reduce burden on the common people. GDP Growth in Last Few Quarters GDP YoY…