News18.com Daybreak | Looking at the Big Budget Day
It’s a big day for the Modi government and country. This is going to be Modi government’s first post-GST and last pre-poll Budget. It’s probably also going to be Jaitley’s toughest budget to present—as he seeks to address farm distress, create jobs and boost growth while sticking to fiscal prudence and negotiating a tricky GST twist.
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Watch the live webcast here. It starts at 11 am.
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You will also find sectoral reports and how the budget will affect each of them, here.
You will hear a lot of jargons in the speech that may not quite make sense. So, we have explained the Budget jargons for you.
So, how do you navigate through the budget maze? What are the big numbers you should be looking out for? We have a list.
India has the sixth highest defence budget and the second largest standing armed force in the world. And yet, the Indian Armed Forces are growing as the nation tries to replace ageing equipment and modernize its forces. Will today’s budget power India’s growing military needs?
In his last Budget, Jaitley reduced rate of income tax to 5% from an erstwhile rate of 10% in the income slab of 2.5 lakh per annum to 5 lakh per annum. The FM also provided an annual tax rebate of Rs 12,500 for individuals in the income slab of Rs 5 lakh per annum to 10 lakh per annum. How will this year’s budget impact your bank account?
Will Jaitley choose populism or fiscal prudence? There are a lot of question marks over what is there in store for the taxpayers – will the farmers get any incentives? Should the middle class expect any income tax relief? What will be done about jobs and what role will the upcoming elections play?
What is the outlook for some of India’s key sectors? News18.com brings you the sectoral outlook for five key sectors, explained in five videos.
The Economic Survey has stated that the country’s financial savings have benefited due to demonetisation. “India’s unprecedented climb to historic high levels of investment and saving rates in the mid-2000s has been followed by a pronounced, albeit gradual decline. This current episode of investment and saving slowdown is still ongoing. The ratio of domestic saving to GDP reached 29.2 percent in 2013 to a peak of 38.3 percent in 2007, before falling back to 29 percent in 2016. Post which it has been growing” stated the survey document.
On reel
What is the common man's wishlist for Budget? Here's where we find out.