Two all-party meetings are scheduled to be held today, ahead of the Budget Session of Parliament which will start on Monday, IANS quoted government sources as saying.
The Union Budget will be tabled on February 1. The session will go into a break on February 9.
The UK is the largest G20 investor in India, with around USD 24 billion invested in the country.
Jaitley further said the stabilisation of the GST structure offered the government an opportunity to increase its base and rationalise its structure as it continued to evolve.
The sector expects government to introduce sops relating to mutual fund pension products this budget.
Agriculture sector is expected to grow at 2.12% in the current fiscal against 4.1% in the preceding year, according to Central Statistics Office.
"The main objective of this flows from the Government's responsibility to keep public sector banks in good health," FM Jaitley told media at a press conference in New Delhi.
While tabling the Budget, the Finance Minister tells the country about government’s revenues and expenditures, besides showing how the government plans to use public resources to meet policy goals.
In an exclusive interview to India TV, Deepak Mendiratta, Managing Editor of HII Insurance Broking Services Private Limited, says as far as consumers are concerned, industry expectations from this year's budget is really high.
In this year's budget, the top most expectation continues to be income tax benefit. In the current fiscal, the taxpayers are expecting more tax advantage under section 80D.
The interest subvention is given to public sector banks (PSBs), private lenders, cooperative banks and regional rural banks (RRBs) on use of own funds and to Nabard for refinance for RRBs and cooperative banks.
In an interview, PM Modi pledged that his government will stay on the course of the reforms agenda that has pulled out India from being among the ‘fragile five’ economies of the world to being a ‘bright spot’.
Safety, speed and comfort – the three key priorities of Indian Railways encapsulate the three expectations from the Railway Budget in the financial year 2018-19.
Traditionally, the sweet dish is cooked in large quantity and the Finance Minister serves it to the officials in the ministry, who remain incommunicado and stay in the North Block.
I hope that the Finance Minister will give more priority to agri and infrastructure investments in the forthcoming budget, Nitin Gadkari said.
Finance Minister Jaitley said the decisions on changing the tax rates were taken on the recommendations of the fitment committee and the changes will come into force from Jan 25.
In recent years, subsidy allocation to the industry has fallen short of requirements resulting in recurring backlog of subsidy.
According to a report by news agency Reuters, the government is likely to raise its public health spending by 11 per cent in the upcoming budget, slated to be tabled in the Parliament on February 1.
While what comes out of Arun Jaitley’s briefcase remains suspense till February 1, here is what the common man expects from the upcoming budget.
Public sector investment on healthcare accounts for less than 1.5 per cent of GDP, which is one of the lowest globally, and the government intends to increase the expenditure to 2.5 per cent of GDP by 2025.
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