Who Got What In Budget: All You Need To Know
Last Updated: 02 Feb 2017 12:22 PM
- Finance Minister Arun Jaitley in his budget speech for 2017-18 on Wednesday said his proposals on excise and customs duties will not result in any significant loss or gain to the exchequer. (Graphics: Telegraph Calcutta)
- However, the fine print suggests a host of items can become either cheaper or dearer.
- Items like LED lamps, solar panels, printed circuit boards for mobiles, micro ATMs, finger-print machines and Iris scanners will potentially become cheaper.
- On the other hand, silver coins, cigarettes and tobacco, bidis, pan masala, goods imported through parcels, water filter membranes and cashew nuts will become expensive.
- Centre, through the Central Board of Excise & Customs, shall continue to strive to achieve the goal of implementation of GST as per schedule without compromising the spirit of co-operative federalism,” Jaitley said.
- The budget promised to grant industry status to affordable housing, which meant that realtors involved in these projects would gain access to cheaper loans.
- In order to spur the creation of a digital economy, Jaitley gave effect to Modi's promise to reduce presumptive taxes on small traders from 8 per cent to 6 per cent.
First Published: 02 Feb 2017 12:21 PM
- The budget tried to bring about transparency in political funding by introducing the concept of electoral bonds and limiting anonymous cash donations to parties to Rs 2,000 per person.