-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
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Top analysts shoot five big holes in Jaitley's Budget -Amit Mudgill
-The Economic Times NEW DELHI: Investors may be losing sleep over the re-entry of long-term capital gains tax on equities, but analysts feel that the worrylines are actually running deeper than you realise. The mega ambitious healthcare scheme announced in the Union Budget on Thursday is one such point of concern -- which aims to benefit 10 crore poor families for secondary and tertiary care hospitalisation. Sceptics are having a field day,...
More »Will Use Formula That Farmers Want: Niti Aayog Boss On Budget Pledge -Mala Das
-NDTV Finance Minister Arun Jaitley had announced a 1.5-time hike in MSP or minimum support price for certain crops in his budget. But how that would pan out had farmers' groups worried. One of the biggest announcements in this year's budget was the promise to fix minimum support prices, the price at which the government buys crops from farmers, at 50 per cent over their cost of production. But the decision has...
More »Union Budget 2018: Poor diagnosis, wrong medicine -Sourindra Mohan Ghosh & Imrana Qadeer
-The Indian Express The focus in the Union Budget on tertiary healthcare at the cost of primary and secondary healthcare is flawed. A publicly-financed health insurance scheme is no substitute If the past three Union budgets were any indication, this budget’s approach to the health sector should not have surprised anyone. The prescription in the National Health Policy (NHP) 2017 to increase the government’s (Centre and the states together) health expenditure from the...
More »For India's Farmers, Budget 2018 Is Nothing but a Hoax -Kirankumar Vissa
-TheWire.in The finance minister has made a big announcement on minimum support price, but he should make it clear whether all he is promising is to take the prices back to the UPA-II levels. The government has done it again. Like last year, there has been much hype about a pro-farmer Budget, but in actuality it rests on misleading claims which don’t address the farming crisis. Last year, the agriculture credit target...
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