Budget 2018

The budget focuses on the rural economy ahead of elections:

New Delhi ( Reuters): Finance Minister Arun Jaitley spoke about the huge spending of finance on Rural infrastructure, which would help to gain massive votes in the countryside, where 1/3 of India’s population lives.

As per Budget :

Revised Expenditure for 2017/18 at 21.57 trillion rupees

Total Expenditure is for 2018/19 as assumed 24.42trillion rupees.

Revenue Expenditure is seen as 21.42 trillion rupees, capital expenditure through budget at 3 trillion rupees in 2018/19.

Food Subsidy has seen at 2.45 trillion rupees in 2018/19.

Receipt :

Gross tax revenue was seen at 22.71 trillion rupees in 2018/19.

Taxation :

To reduce corporate tax to 25 percent for companies which reports turnover of up to 2.5 billion rupees as of 2016/17.

In the Budget the Finance minister plans to protect 500 million poor people and will be the world’s largest health protection scheme.

 

by TNBC Staff Reporter on April 2, 2018

Related Articles

Budget 2018

The budget focuses on the rural economy ahead of elections:

New Delhi ( Reuters): Finance Minister Arun Jaitley spoke about the huge spending of finance on Rural infrastructure, which would help to gain massive votes in the countryside, where 1/3 of India’s population lives.

As per Budget :

Revised Expenditure for 2017/18 at 21.57 trillion rupees

Total Expenditure is for 2018/19 as assumed 24.42trillion rupees.

Revenue Expenditure is seen as 21.42 trillion rupees, capital expenditure through budget at 3 trillion rupees in 2018/19.

Food Subsidy has seen at 2.45 trillion rupees in 2018/19.

Receipt :

Gross tax revenue was seen at 22.71 trillion rupees in 2018/19.

Taxation :

To reduce corporate tax to 25 percent for companies which reports turnover of up to 2.5 billion rupees as of 2016/17.

In the Budget the Finance minister plans to protect 500 million poor people and will be the world’s largest health protection scheme.

 

by TNBC Staff Reporter on April 2, 2018

Related Articles