Union Budget 2018-19

Friday, Apr 19, 2024 | Last Update : 10:01 PM IST

The CBDT said it had received representations as to whether a taxpayer, who receives pension from his former employer, will also be eligible to claim this deduction.

Standard deduction allowed for pension

The standard deduction was discontinued from the assessment year 2006-07, but was re-introduced in 2018-19 Budget.

06 Apr 2018 5:00 AM

Minister for Statistics and Progamme Implementation D.V Sadananda Gowda

Govt to change base year for GDP, IIP to 2017-18

Ministry of Statistics and Programme Implementation (MOSPI) has been allocated Rs 4,859 crore in the Union Budget 2018-19.

15 Feb 2018 3:44 PM

Union Minister for Finance and Corporate Affairs Arun Jaitley (Photo: PTI)

Well done, Mr Jaitley! At least you tried

According to the National Sample Survey, average annual income of median farmers, net of production costs, is currently around Rs 20,000.

11 Feb 2018 12:10 AM

Congress leader P Chidambaram (Photo: PTI)

Opposition targets government on unemployment

Chidambaram says Centre’s economic policy ‘betrayal’ of country.

09 Feb 2018 6:24 AM

The National Health Protection Scheme announced by finance minister Arun Jaitley would require Rs 1,25,000 crore for premium payment, which is more than the allocation for health sector in the budgets of the Centre and the states put together, Shatrughan Sinha said. (Photo: PTI)

Shatrughan joins Yashwant Sinha’s farmers’ protest in MP, questions ‘Modicare’

Shatrughan Sinha recently joined Rashtra Manch, a political platform floated by Yashwant Sinha.

05 Feb 2018 10:25 AM

Odisha Chief Minister Naveen Patnaik (Photo: PTI)

Reporters’ Diary: Naveen misses the mission

Recently the Aam Aadmi Party set up a stall to sell pakodas in Lucknow when the cops chased them away.

05 Feb 2018 12:38 AM

The budgetary allocation for the environment ministry for 2018-19 stood at Rs 2,675.42 crore, identical to last budget's allocation. The ministry had got an increase of nearly 19 per cent during the 2017-18 budget. (Photo: Representational | File)

Budget non-populous, special scheme without substance: Green body

Presenting his 5th straight budget in the Lok Sabha, Arun Jaitley had said air pollution in the Delhi-NCR region was a 'cause of concern'.

04 Feb 2018 11:21 AM

‘The Budget is not based on crazy assumptions, but on realistic ones’

The fiscal account came under strain despite the government exceeding its divestment target after many years, says Dharmakirti Joshi.

04 Feb 2018 4:17 AM

Prime Minister Narendra Modi (Photo: PTI)

Let’s applaud Modi for the health scheme

The spend on the Army includes a pension payout which is 10 times bigger than Modicare, meaning Rs 100,000 crore.

04 Feb 2018 12:31 AM

Arun Jaitley, Finance Minister of Narendra Modi-led NDA government presented the Union budget 2018-19 on Thursday. (Photo: PTI)

The great Indian health fudge

The Indian programme in the Budget, that would cover 10 crore families, has an allocation so far of only Rs 2,000 crore.

04 Feb 2018 12:15 AM

The finance minister may be on firmer ground when he concludes that the Indian stock market has matured as seen in the many recent shocks it withstood before zooming to record high levels on a sheer adrenaline run before the Budget. (Photo: ANI)

Tax on equities: A calculated gamble

The implications of Budget spends are huge and at the end of the day they have to serve the intended purpose.

04 Feb 2018 12:00 AM

Gandhi had alleged that in four years, the NDA government led by Narendra Modi had not provided any jobs and made several promises including those to farmers and youth. (Photo: AP)

Sensex has given ‘no confidence motion’ against budget: Rahul jibes at Modi

Gandhi used the hashtag 'BasEkAurSaal' along with his tweet while noting that only one more year of the PM Modi government is left.

03 Feb 2018 8:34 AM

Finance Minister Arun Jaitley meets President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union Budget 2018-19 in the Parliament. (Photo: Twitter | ANI)

Arun Jaitley overtures won’t work with rural voters

In the Gujarat elections last year, the ruling BJP won less than 40 per cent of the rural constituencies.

03 Feb 2018 5:50 AM

PM10 levels are a cause for concern in the city.

No mention of national plan to tackle air pollution in budget: Green activists

However, the MPCB is set to address both the issues as per the draft action plan for Mumbai.

03 Feb 2018 5:29 AM

Finance Minister Arun Jaitley, on Thursday, tabled the Union Budget 2018 in the Parliament. (Photo: PTI)

Done enough in the past for middle class: Arun Jaitley

FM said that he has consistently given relief to small taxpayers in all his Budgets and will provide relief in the future depending on fiscal space.

03 Feb 2018 1:37 AM

Air India has a debt burden of about Rs 50,000 crores and a large part of it is due to the loans taken (about Rs 22,500 crores) for acquisition of a total of 111 aircraft (68 for Air India and 43 for erstwhile Indian Airlines) in 2005-06.

Air India in private hands by end-2018: Govt

Finance Minister Arun Jaitley had officially announced in his Budget speech on Thursday that the government intends to privatise the national carrier.

03 Feb 2018 1:28 AM

Andhra Pradesh Chief Minister Chandrababu Naidu

TDP upset with Budget, but won’t snap ties

Shah met party leaders from the state on Thursday and discussed organisation related issues.

03 Feb 2018 1:14 AM

Baffling Budget: Public health for private wealth?

The health insurance scheme for the poorest Indians in this year’s Budget is a bit like this.

03 Feb 2018 12:34 AM

In order to promote tourism and emergency medical care, government said it will make necessary framework for encouraging investment in sea plane activities. (Representational image)

Budget 2018: 10 sites set to become ‘iconic’ tourism spots

Tourist amenities at 100 Adarsh monuments of the Archaeological Survey of India will be upgraded to enhance visitor experience.

02 Feb 2018 7:15 AM

Finance Minister Arun Jaitley (Photo: PTI)

Budget 2018: NDA woos rural India with free LPG, houses

LPG quota to be increased, Rs 16,000 cr for electricity to villages and health insurance.

02 Feb 2018 7:03 AM

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Mohan Guruswamy