Budget 2018-19: Jaitley has tough task ahead

Alicia Cross
February 1, 2018

Finance Minister Arun Jaitley is all set to present the Union Budget & Railway budget on Thursday. And also, this could be the last budget of present NDA government.

When is Union Budget 2018?

After becoming the Prime Minister, Mr Narendra Modi took decisions in public welfare. This is based on the belief that every auspicious even must begin with something sweet.

Gupta added that 'the focus of the Union Budget should be on job creation including in export sector thereby providing fiscal support to employment-intensive sectors in exports.

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After this, all these officials are locked up in the basement of the North Block and they also have no access to mobile phones or internet.

Given the overall environment, macro-economic research firm Capital Economics says the Indian finance ministry is going to face "a delicate balancing act" in the budget. At 18,650 words, and with his first budget as finance minister, Singh rolled out a series of structural reforms that ended the licence raj, opened up the country's economy, and, among other things, reduced peak customs duty from 220 percent to 150 percent.

In general, Nomura expects the budget to be "good" - one that addresses the rural distress and "common man" issues, without jeopardizing fiscal consolidation. The Indian brown briefcase is a descendant of this colonial tradition. He was photographed with the leather bag just before entering the Parliament. Nitasha Shankar, senior vice-president and head of research, YES Securities, lists her Budget 2018-19 expectations. This Budget system was established by the British Empire and is still followed by almost every country born from it. The Budget speech will start at 11 am in the morning. The interim Budget of 2009 was presented by Pranab Mukherjee. The new schedule was implemented to make funds available from the starting of the financial year. A borrowing target for the government above 6.5 trillion rupees ($102 billion) "will send a negative signal to the market and could result in a selloff", reported the website, quoting Dwijendra Srivastava, chief investment officer for debt at Sundaram Asset Management.

Before Yashwant Sinha, Manmohan Singh presented five consecutive Budgets and an interim Budget, including the epochal 1991 Budget that changed India forever, and paved way for economic liberalisation. He should also give a sympathetic ear to the long pending demand of introducing single window clearance system in this budget to help the developers fulfil their promises to home buyers and ensure timely delivery of projects. Modi's Budget 2018 dilemma After scoring a rare sovereign upgrade late a year ago, Modi wants to keep global investors and credit-rating companies on his side.

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