Union Budget 2018: FM Arun Jaitley Says To Study Tax Collections From LTCG Before Addressing STT
Suresh Prabhu On Budget 2018
Budget 2018: AskBQ
Budget 2018: FM's Press Briefing
- Widened Scope Of Cess To Fund Other Transportation Development
- GST Shortfall Is About Rs 50,000 Crore For FY18
- Confident Of FY19 Fiscal Deficit Target With Full-Yr GST Revenues
- Large Part Of LTCG Income Is Of Corporates, Indian & Foreign
- Many Exemptions Remain, Hence Rs 250 Cr Cap In Corp Tax Rate Cut
- Small Gap Arising From 1 Month Less Revenue In Indirect Taxes
- Budget Blends Fiscal Prudence With Needs Of The Economy
- See No Inflation Impact From MSP Move, Higher Cess
- Don't See Any Serious Impact On CPI From FY19 Budget
Budget Impact: Sensex, Nifty End Lower After Volatile Session; M&M, L&T Top Gainers
Indian stocks had a tumultuous day, swinging between gains and losses, as investors digest the government’s end to a tax break on equity investments to tap the market for a revenue boost alongside the nation’s budget speech.
The S&P BSE Sensex fell 0.16 percent or 58 points to 35,906 and the NSE Nifty 50 Index declined 0.1 percent or 11 points to 11,017. The India VIX Index -- a volatility measure -- slipped up to 13 percent, while the rupee weakened against the dollar.
Twelve out of 19 sector gauges compiled by BSE ended lower dragged down by the S&P BSE Consumer Durables Index's 1.78 percent drop. On the flipside, the S&P BSE Capital Goods Index was the top sectoral gainer, up 1.57 percent.
Airline stocks rose as the government proposed an expansion of airport capacity. Shares of healthcare and insurance companies surged after a proposal to provide national healthcare insurance covering 10 crore people.
UDAN To Connect 56 Unserved Airports, Jaitley Says
As many as 56 unserved airports and 31 unserved helipads will be connected under the government's regional air connectivity scheme, Finance Minister Arun Jaitley said.
He also said that the government has proposed expansion of airport capacity by more than five times to handle a billion trips a year under a new initiative. "In the last three years, the domestic air passenger traffic grew at 18 per cent per annum and our airline companies placed orders for more than 900 aircraft," he said.
The regional air connectivity scheme or UDAN (Ude Desh ka Aam Nagrik) launched last year seeks to connect unserved and under-served airports as well as make flying more affordable for the masses.
The finance minister said that UDAN "shall connect 56 unserved airports and 31 unserved helipads across the country", adding that operations have already started at 16 such airports.
With regard to expanding airport capacity, Jaitley said balance sheet of AAI would be leveraged to raise more resources for funding the expansion plans. State-owned Airport Authority of India (AAI) manages 124 airports.
“Infrastructure is the growth driver of the economy. Our country needs massive investments, estimated to be in excess of Rs 50 lakh crore, in infrastructure to increase growth of GDP, connect and integrate the nation with a network of roads, airports, railways, ports and inland waterways and to provide good quality services to our people,” Jaitley said.
Budget 2018: The Fineprint
FM Says To Study Tax Collections From LTCG Before Addressing STT
Government Expects Rs 48,661 Crore From Telecom Sector In FY19
Dalal Street Reacts To Budget 2018
Budget 2018: Key Takeaways
ITC’s Gets A Rs 17,000 Crore Market Cap Boost
Govt May Consider Bond ETF Of CPSEs, With AAA-Rated Firms: DIPAM Secretary
India Proposes To Spend Rs 2.8 Lakh Crore In Defense On FY19
India Budget 2018: Winners and Losers
PM Modi Says Budget 2018 Will Accelerate India's Growth
Budget 2018 Reaction: See STT Being Removed At Some Point, Rangarajan Says
Sensex, Nifty Recover After Initial Knee-Jerk Reaction To Tax Proposal
Block Deal Alert
Government Sets FY19 Gross Borrowing Target At Rs 6.06 Lakh Crore
Decoding Budget 2018
BUDGET 2018: LONG-TERM CAPITAL GAINS TAX MAKES A COMEBACK
NO CHANGE IN STRUCTURE OF INCOME TAX FOR INDIVIDUALS
FM Jaitley Lauds India's Growing Tax Base
FY18 FISCAL DEFICIT TARGET AT 3.5%, FY19 PEGGED AT 3.3% OF GDP
Key Number: FY19 Divestment Target Rs 80,000 Crore
Government Is Said To Propose LTCG Tax On Equities
FY19 Total Infra Spend Plan Rs 5.97 Lakh Crore: FM
Government Does Not Consider Cryptocurrencies As Legal Tender: FM
To Allocate Rs 3,073 Crore Under Digital India Programme: FM
FY19 Railway Capex Set At Rs 1.48 Lakh Crore: FM
Indian Stocks Keep It Steady: Market Check
Fast Tracked Infra Projects Worth Rs 9.46 Lakh Crore, FM Says
Mudra Lending Set At Rs 3 Lakh Crore In FY19: FM
FY18 Fiscal Deficit Target Likely At 3.5% Of GDP: Sources
Govt To Launch National Health Protection Scheme For 10 Crore Families
To Invest Rs 1 Lakh Crore On Education Infra Over 4 Years: FM
Aim To Provide Houses To Every Poor Person By 2022: FM
Total Credit To Agriculture Set At Rs 11 Lakh Crore For FY19: FM
Jaitley Says MSP For Kharif Crops To Be 1.5x Production Cost
India Poised To Become World’s Fifth Largest Economy: FM
Watch Budget 2018
Finance Minister Begins His Budget 2018 Speech
Finance Minister Arun Jaitley To Begin Budget Speech Shortly
Timing Not Right To Implement LTCG: Sudip Bandhopadhya
Dairy Stocks Surge Ahead Of Budget Speech
January Auto Sales: Maruti Sales Grow 4.8% (YoY)
JUST IN: January Manufacturing PMI Contracts To 52.4 Versus 54.7 In December
Kajaria Ceramics Falls For 16th Straight Session
The F&O Show
Sensex, Nifty Extend Gains; Engineering Stocks Climb
Budget 2018: Modi Govt Will Look To Score Political Points, Shashi Tharoor Says
Government's Rural Spending Focus Holds The Key
Finance Minister Arun Jaitley Arrives In Parliament With Budget Papers
BQ Editorial Huddle On What To Expect In Budget 2018
Vakrangee Slumps 20% For Fourth Straight Session
Earnings Reaction: L&T At Record High, ICICI Bank Muted, Vedanta Down 1%
Sensex, Nifty Open Higher As Investors Await Budget
Rupee Opens Lower Ahead Of Budget
Confident Of Infrastructure Getting Priority In Budget 2018: Gadkari
Automakers May See Robust Sales In January
FM Arun Jaitley Leaves For Parliament With Customary Budget Suitcase
Nifty & Nifty Bank On Previous Budgets
Will Budget 2018 Mark The Return Of Private Investment?
Money Market Heads-Up
What Dalal Street Wants From Budget 2018
How Foreign Investors Reacted On Previous Budget Days
Will The Government Pause On Fiscal Consolidation? Brokerages Weigh In
If Long-Term Capital Gains Tax On Listed Equity Were To Return...
Nifty Futures Suggest Stock Gains As Investors Await Budget
Key Numbers To Watch For In Budget 2018 Speech
Prime Minister Narendra Modi's Budget Dilemma
Finance Minister Arun Jaitley To Present His Fifth (And His Last) Union Budget Today
- Government Expects Rs 48,661 Crore From Telecom Sector In FY19
- Budget 2018 Reaction: See STT Being Removed At Some Point, Rangarajan Says
- India Proposes To Spend Rs 2.8 Lakh Crore In Defense On FY19
- BUDGET 2018: LONG-TERM CAPITAL GAINS TAX MAKES A COMEBACK
- FY18 FISCAL DEFICIT TARGET AT 3.5%, FY19 PEGGED AT 3.3% OF GDP