In a move to provide required boost to the affordable housing segment, Finance Minister Arun Jaitley in his budget speech granted infrastructure status to the affordable housing schemes in the country. This will allow the developers to enjoy the associated benefits.
To promote digital payments the government will authorize support for digital payment methods, including the BHIM app in petrol pumps, fertiliser depots, municipalities, block offices, road transport offices, hospitals, universities, colleges and other institutions. The launch of the BHIM app has already created opportunities for the digital financial service to be available to all.
With country grappling with the after effects of job losses in the informal sector post demonetization, the highest ever budget allocation of Rs 48,000 crores for Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) might not well be enough.
After the announcements made in the Budget 2017, you can now sell a property after 2 years of buying as the holding period for computation of long term gains has been reduced to 2 years from the existing period of 3 years.
After the hardship demonetisation brought to people a few months ago, Finance Minister Arun Jaitley made announcements in the union budget that will offer some relief to the common man.
Budget this year is expected to be presented on 1st February instead of 28th February, and this will be a deviation from decades old tradition of presenting the budget on the last day of February.
Arun Jaitley is under pressure to offer tax giveaways and step up capital and welfare spending to ease the pain from demonetisation, but the economic disruption caused by Modi's jolt has made forecasting next year's revenue outlook a stab in the dark.
Describing note ban as "a bold step", former Nasscom Chairman B V R Mohan Reddy today said the upcoming Budget is likely to take steps to strengthen the demonetisation initiative by easing liquidity in the system and stimulating demand.
Chief Economic Advisor Arvind Subramanian defended the government's demonetisation move as a radical social engineering measure to weed out the black money.
Chief economic advisor Arvind Subramanian has cautioned analysts and economists trying to estimate the impact of demonetisation on the country's GDP growth by calling it analytically a very unique experiment, which has no real precedence.
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