Jaitley Reached Parliament House With Budget, Will Present Soon
BUDGET 2018 LIVE UPDATES: The Union Finance Minister Arun Jaitley has reached Parliament House. Earlier, according to tradition, Arun Jaitley has come to meet President Kovind with the budget. The Finance Minister met the President and discussed with him in the Rashtrapati Bhavan. On the other hand, the documents of the budget have reached the Parliament House.
How Much GST Will Change The Budget
What kind of changes will be made after the GST? Radhika Pandey, adviser to the National Institute of Public Finance and Policy and economist on this question Said that first of all know that there are usually two parts of the general budget. In the first part, the government allocates budget funds for different schemes or schemes. At the same time, there is a proposal for direct and indirect taxes in the second part of the budget. Now as GST has added more than a dozen indirect taxes, including VAT, excise duty, service tax, the government has no scope for manipulation, as GST is now a separate law and the Council for the change in GST rates Approval is necessary In such a situation, the government either lacks the scope for making certain changes in the tax, customs duty exempted from GST, or there may be some changes in such things as tobacco, petrol, diesel, which are not within the limits of GST.
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Prime Minister Narendra Modi has reached Parliament House for the chairmanship of the Cabinet meeting, shortly after the central budget will be approved in the meeting.
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Finance minister Arun Jaitley arrives in Parliament House
Budget copies in the Parliament House
Finance minister Jaitley meets President Kovind before presenting the budget
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Finance Minister Jaitley arrives at Rashtrapati Bhawan before presenting the budget
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Budget for irrigation, crop and rural housing schemes can be increased.
Arun Jaitley share 5th Budget as a Finance Minister.
Prior to the general budget, 87.5 percent of the transport sector is expected to declare more projects for the area, small and medium enterprises. This information has been given in a survey of Dun & Bradstreet.
Finance Minister Arun Jaitley will present the budget in Parliament today From 11 am.