Globalwealthzone

Globalwealthzone Globalwealthzone
0 77.209021

no images yet

SHARE WITH OTHERS
SITE SENSE TAGS
See new updates

Globalwealthzone

Latest Updates

Highlights of Union Buget 2017 - 2018

GST - No changes in service tax & excise duty as GST draft will be launching soon

Fiscal Deficit - Seen at 3.2% (17-18) & 3% (18-19)

Current Account Deficit - 0.3% (16-17) 1st Half

FDI Investments - 1.45 Lakh Crores (16-17) 1st Half

Direct Tax - Tax to GDP Ratio is very low
Income upto 2.5 Lakhs - Nil Tax
Income above 2.51 Lakhs to 5 Lakhs - Reduces to 5% Tax from 10%
Income above 50 Lakhs to 1 Crore - 10% surcharge

Farmer - Double their income in 5 years

Agriculture - 10 Lac Crores credit

MNREGA - Allocation 48, 000 Crores

PM Gram Sadak Yojna - Allocation 19, 000 Crores

Sr. Citizen - 8% guaranteed pension for 10yrs by LIC of India scheme

Rail Budget - 1.31 Lakh Crores, New Railway Line of 3500 kms, No service charge on IRCTC Ticket booking

Highway - 67, 000 Crores for National Highways

Disinvestment - Continue through ETF's and timely disinvestments of PSU's,
Target 72500 Crores

Banking - 10, 000 Crores to PSU banks for Recapitalisation, Double landing targets to Bank 2.44 Lac Crores, 2.44 Lac Crores under mudra scheme

Total Expenditure - Estimated at 21.47 Lac Crores

Defence Expenditure - 2.74 Lakh Crores excluding Pension

Long Term Capital Gain - For immovable property reduced to 2yrs from 3yrs

Income Tax - Companies turnover less than 50 Crores will pay 5% less tax, Effective rate 25%

Cash Transaction - No transaction over 3 lakes will be permitted in cash

Infra - Insurance company has to invest 25% in Infra bonds

   Over a month ago
SEND

SIP

   Over a month ago
SEND

Develop Good Habits

   Over a month ago
SEND