HomeBudgetWho Got What In Budget: All You Need To Know
Who Got What In Budget: All You Need To Know
By : ABP News Bureau | Updated at : 04 Jan 2019 02:53 PM (IST)
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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.
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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.
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The budget promised to grant industry status to affordable housing, which meant that realtors involved in these projects would gain access to cheaper loans.
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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.
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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.
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Items like LED lamps, solar panels, printed circuit boards for mobiles, micro ATMs, finger-print machines and Iris scanners will potentially become cheaper.
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However, the fine print suggests a host of items can become either cheaper or dearer.
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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)