The fact that Budget 2018 would be rural friendly was a given.most large consumer companies had already started to work towards increasing their presence in rural India by strengthening their presence in these markets.
A lot of farmers' distress in 2017 also occurred because they were not able to sell their produce at the Minimum Support Price (MSP) assured by the government.
In the past three years, there have been considerable efforts by the government towards building the health facilities infrastructure upto the HSC level.
With the government focussing on themes like rural development and the poor in its union budget today, experts today said these were on 'expected' lines given a election-heavy calendar and overall this annual exercise appears "mildly disappointing".
"The government has continued its focus on housing for all by 2022 by announcing a dedicated affordable housing fund under priority sector lending. We believe that the fund, which will be set up in collaboration with National Housing Bank, will provide ease of credit to homebuyers, thereby giving a much-needed boost to demand for low-cost homes across the country," Cushman & Wakefield country head and MD Anshul Jain said.
Bankers have hailed the Budget as a holistic document addressing key issues to push growth, but have flagged concerns on expenditure overruns.
One of the major expectations from the Union Budget 2017-18 would be the long anticipated legitimacy to the franchise business.
Right of Way (RoW) rules were brought in to ease setting up telecom infrastructure by standardising processes and fixing applicable charges.
The Union Budget 2018-19 holds many expectations even as India's domestic economy is going through a critical phase of growth.
The industry bodies suggested lowering the corporate tax to 18-25 per cent, from up to 30 per cent at present. The exporters, who are grappling with blockage of working capital, pressed for exemption from tax on export income or lower levies on forex earnings and faster clearance of GST refunds.
2017 was an eventful year with Prime Minister Narendra Modi government's implementation of the GST. Technology decision-makers are now looking ahead to the 2018 fiscal.
The cost of logistics in our country at 13 per cent of GDP is higher than 9 to 10 per cent in developed nations. One of the major factors for this is high turnaround time for goods at different points.
Corporate bodies have started putting forward their expectations, the foremost being rationalisation of tax rates and withdrawal of surcharge and cess on Income Tax. The proposal of the Finance Minister, in the Budget of 2015-16, to reduce the tax rate from 30% to 25% in four years and reduction in the US tax rates are the reasons why the corporates are hoping for tax rate cut.
Will Finance Minister Arun Jaitley perhaps bring about the necessary changes to simplify the process during this Budget?
On the back of a production cut by OPEC, global oil prices have risen from the depths of $40 a barrel and have rallied sharply in last few months.
Aiming to fund rail expenditure through asset monetisation, Railway Minister Piyush Goyal said that he would be "satisfied" with any amount of capital allocation to the transport behemoth in the upcoming budget.
Prime Minister Narendra Modi on Sunday indicated that the upcoming Budget will not be a populist one and said it's a myth that the common man expects "freebies and sops" from the government.
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