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A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

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...

4 Feb 2018 11:21 AM IST

Union Finance Minister Arun Jaitley in the Rajya Sabha. (Photo: PTI/File)

Economy will thrive under Jaitely

The stars predict that Arun Jaitley is likely to take several initiatives in 2018 which may lead to important...

4 Feb 2018 6:35 AM IST

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

Experts feel govt National Health Protection Scheme old wine in new...

The Union health ministry and states will have to work out these aspects, sources said.

4 Feb 2018 2:00 AM IST

Dharmakirti Joshi

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...

4 Feb 2018 4:17 AM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

Jaitley launches CriSidEx, India's 1st sentiment index to help MSEs

Banks are really ready to support the MSME sector and they being major employment generator.

3 Feb 2018 4:01 PM IST

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.

3 Feb 2018 5:50 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Maharashtra government can borrow Rs 12K crore for infrastructure

The finance minister has given go ahead under the Fiscal Responsibility and Budget Management Act (FRBM).

3 Feb 2018 5:14 AM IST

Union Minister for Finance and Corporate Affairs Arun Jaitley (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...

3 Feb 2018 1:37 AM IST

Pilot of Air India Jaipur-Delhi flight refused to fly due to duty limitations prescribed by the DGCA. (Photo: File)

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...

3 Feb 2018 1:28 AM IST

Revenue deficit target of 2 per cent of GDP will be met in current fiscal, the deficit would be 1.9 per cent in the next.

Rs 80,000 crore divestment, 3.3 per cent deficit target achievable:...

Imposition of a 25 per cent corporate tax on MSMEs with turnover of less than Rs 250 crore is yet another step in the...

2 Feb 2018 5:38 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Big corporates cry foul over no tax relief in budget 2018

Jaitley in budget for 2018-19 announced lowering of corporate tax rate to 25 pc for businesses with a turnover of up to...

2 Feb 2018 5:28 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

'Cut in corporate tax to boost MSMEs growth'

On Thursday, Arun Jaitley proposed to lower corporate tax rate to 25 per cent for businesses with turnover up to Rs 250...

2 Feb 2018 3:41 PM IST