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Budget 2018

Budget to spur consumption, drive growth: Britannia chief

The Union Budget for 2018-19 provides a springboard to spur consumption and lead to faster growth across sectors, said FMCG major Britannia Industries MD Varun Berry on Friday."As the Budget is focused on infrastructure, rural development and huge employment...

Budget 2018 – Building a Resilient Bharat

I must compliment Prime Minister Modi and Finance Minister Jaitley for intense focus on fiscal prudence in this budget. There is a huge focus in this ‘New Bharat’ Budget on inclusive growth and farm sector and despite that fiscal...

Budget allocation for food processing doubles to Rs 1,400 cr

To ensure better returns to farmers, the Government has doubled budget allocation to the food processing ministry to Rs 1,400 crore for 2018-19 fiscal and set up institutions to finance agro-processing projects.According to a PTI report: To encourage each...

Jewellers laud rural focus rue, no reduction in import duty

Welcoming the Budget, the gems and jewellery industry said positive focus on the rural economy and estimated growth of GDP to 7.2-7.5 per cent will boost demand.According to a PTI report: However, they were disappointed that there was no...

Relief to MSMEs would benefit ecosystem: Retail industry

The retail industry has welcomed the budget, saying the Government's move to cut corporate tax for MSMEs will benefit the ecosystem, boost the rural sector and increase domestic consumption.According to a PTI report: Besides, doubling of allocation of funds...

Industry Gives Thumbs Up to Government’s Push on AI, Robotics

Industry players on Thursday welcomed the government's move to double the allocation on the Digital India programme to Rs 3,073 crore -- a decision that will help research and skilling in Robotics, Artificial Intelligence (AI) and Internet of Things...

Budget 2018: No immediate benefits for retail sector

The Narendra Modi Government sought to give a marked thrust to the rural sector in this year's Union Budget, its last full-year budget before the 2019 Lok Sabha polls, with the central ministries getting an allocation of Rs 14.34...

Government outlays Rs 7,148 cr for textile sector in Budget 2018: Arun Jaitley

In order to boost the apparel and made-ups sector, Finance Minister Arun Jaitley on Thursday said the government has outlayed Rs 7,148 crore for the textile sector in 2018-19."The government approved a comprehensive textile package of Rs 6,000 crore...

Customs duty on silk fabrics doubled to 20 pc in Budget 2018

Finance Minister Arun Jaitley today proposed doubling of customs duty on silk fabrics to 20 per cent to provide "adequate protection to domestic industry".According to the Budget 2018-19, customs duty on silk fabrics has been raised from 10 per...

Budget 2018: Customs duty hike on mobile phones to hurt consumers

In a bid to further help domestic smartphone manufacturers, Finance Minister Arun Jaitley on Thursday announced a hike in customs duty on mobile phones to 20 per cent from 15 per cent -- a move that will force foreign...
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