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Budget 2018 LIVE: LTCG tax upsets market, Jaitley punctures Bitcoin bubble

Finance Minister Arun Jaitley delivered Union Budget 2018-19 speech. Get live updates on Budget 2018

BS Web Team  |  New Delhi 

Despite price hike in Budget, Amazon, Flipkart selling iPhones at old rates   Apple Inc on February 5 revised the price of its iPhones and smart watches in India. The move from the US-based technology giant came after Finance Minister Arun Jaitley in his Budget 2018 speech announced a hike in import duty on smartphones to 20 per cent from 15 per cent earlier. Apple said the price hike had come to effect starting February 5, but most e-commerce platforms in the country continue to sell the iPhones at their original launch prices – that is, lower than the revised prices. Markets slump: Will govt scrap LTCG tax? Adhia says will 'look into' fixes The government will look into what it can do after a slump in local market reflecting global sell-off, the finance secretary said on Tuesday.   Hasmukh Adhia said he will discuss the issue of fall in local markets with Finance Minister Arun Jaitley. RBI to turn hawkish, keep rates on hold through middle of 2019: Poll   The Reserve Bank of India will keep interest rates on hold through at least the middle of 2019 even though inflation is above its medium-term target and is expected to stay that way, a Reuters poll found.     A majority of economists also expect the central bank's tone to turn hawkish when it announces its latest policy decision on Wednesday.    While retail inflation hit a 17-month high in December and is expected to remain above the RBI's 4 per cent target over the coming 12 months, growth in Asia's third-largest economy likely slowed markedly in the financial year ending March 31, complicating the RBI's policy path.  Murmurs of discontent among NDA allies over election-year budget   The Telugu Desam Party (TDP), a key ally of the Bharatiya Janata Party (BJP), on Friday said it was disappointed with the Union Budget but would not walk out of the National Democratic Alliance (NDA) just yet. Budget announcements on the farm sector: Markets, not MSP, is the focus   The budget announcements on the farm sector, especially the one that commits to ensure a minimum support price (MSP) for crops, which is equal to 1.5 times the cost of production—which the Swaminathan commission had recommended in 2006—raised eyebrows.  Budget 2018: Tax loophole plugged for corporate mergers and amalgamations   The Union Budget for 2018-19 has proposed to tax all mergers and amalgamations in which a company with higher accumulated profit merges with a company with lower profits, or with a company that made losses, and reduced capital to avoid paying dividend distribution tax (DDT).

Budget 2018 LIVE updates: Budget 2018 LIVE updates: Finance Minister Arun Jaitley presented the Budget for the financial year 2018-’19 in Parliament on Thursday. With an eye on the next Lok Sabha elections, Jaitley in his 2018-19 budget on Thursday proposed a major health insurance scheme for the poor, a higher minimum support price and a step up of Rs 1 lakh crore as institutional credit for farmers along with a spend of nearly Rs 6 lakh crore on infrastructure development. To pay for this seeming bout of generosity, albeit with votebanks in mind, the finance minister has ...

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First Published: Fri, February 02 2018. 10:19 IST
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Budget 2018 LIVE: LTCG tax upsets market, Jaitley punctures Bitcoin bubble

Finance Minister Arun Jaitley delivered Union Budget 2018-19 speech. Get live updates on Budget 2018

Budget 2018 LIVE updates: Budget 2018 LIVE updates: Finance Minister Arun Jaitley presented the Budget for the financial year 2018-’19 in Parliament on Thursday. With an eye on the next Lok Sabha elections, Jaitley in his 2018-19 budget on Thursday proposed a major health insurance scheme for the poor, a higher minimum support price and a step up of Rs 1 lakh crore as institutional credit for farmers along with a spend of nearly Rs 6 lakh crore on infrastructure development. To pay for this seeming bout of generosity, albeit with votebanks in mind, the finance minister has ...

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