This budget speech outlines the government's plans to address 5 challenges: higher growth, infrastructure investment, quality of life improvements, a new social paradigm, and macroeconomic stability. Key measures include increased funding for research and development, attracting foreign direct investment, support for SMEs including tax reforms and financing, infrastructure projects like Metro Express and roads, renewable energy development, improving water access and sanitation, health sector investments, security enhancements, and support for agriculture.
This document provides an overview and highlights of key aspects of the India Budget for 2015-16. It outlines sources of government revenue such as taxes, borrowings, and other receipts. It also shows how the budget is allocated across central government plans and expenditures. The highlights section summarizes new initiatives related to taxation, agriculture, infrastructure, education, defense, welfare schemes, renewable energy, tourism, gold, and other points. The budget aims to achieve Vision 2022 for India and support various sectors through new programs and policies.
Union Budget 2017 – Railways, Roads and WaterwaysNikhil Antu
The document summarizes key announcements made in the Union Budget 2017 regarding improvements to railways, roads, and waterways in India. For railways, a Rs. 100,000 crore safety fund will be created over 5 years, 25 stations will be redeveloped in 2017-18, 500 stations will become disabled-friendly by 2019, and 3,500 km of new railway lines will be commissioned in 2017-18. For roads, Rs. 39,61,354 crore was allocated for infrastructure with Rs. 19,000 crore for rural roads and 2,000 km of coastal roads identified for construction. For waterways, the Inland Waterways Authority plans to raise Rs. 1,000 crore through bonds
The document outlines several policy reforms in India to promote growth initiatives and attract more investment as part of efforts towards an Atmanirbhar Bharat or self-reliant India. It discusses reforms in sectors like coal, minerals, defence production, civil aviation, power distribution, social infrastructure, space activities and atomic energy. Key reforms include introducing commercial coal mining, liberalizing the defence manufacturing sector, privatizing power distribution in union territories, enhancing private participation in infrastructure through viability gap funding, and allowing greater private sector involvement in space activities and atomic energy projects. The overall goal is to boost investment, reduce imports, increase self-reliance, and promote growth across critical sectors.
This document provides a summary of the key highlights from the Union Budget of India for 2016-17. It discusses proposals related to agriculture and farmers' welfare, rural development, social sectors, education, skills, job creation, infrastructure, financial sector reforms, taxation rates and amendments to various acts. The budget aims to boost growth, employment, ease of doing business while maintaining fiscal discipline. It focuses on priority sectors like agriculture, irrigation, rural development, social sectors, affordable housing and skill development.
This presentation is an attempt to summarize the salient points of the Indian Budget 2016-17.It is a presentation with basic details and its target audience are students undertaking Graduate level and MBA courses.
The document summarizes the key points of the Indian Railways budget for 2017-2018. It was the first time since 1924 that the Railways budget was merged with the main Union Budget. Some highlights include an 8% increase in total outlay to Rs. 1.31 lakh crore, a 9% increase in estimated revenue to Rs. 1.78 lakh crore, and focusing on passenger safety, capital works, cleanliness and financial reforms. The budget also aims to increase freight and passenger traffic volumes by 10% in the next three years through infrastructure modernization.
The Captown Capital Improvement Plan proposes a $1.3 million bond issuance and establishment of reserve funds to fund seven capital projects over five years while maintaining Captown's credit rating. The projects include upgrades to public safety communications and facilities, economic development like an industrial park building, and social projects like a new park. The plan expects Captown to maintain revenue growth from taxes and fees to fund operating costs and debt payments while modest population and property value increases occur.
The document provides an analysis of Mombasa County's proposed budget for FY 2015/2016. It summarizes the total budget (Kshs 10.7 billion), recurrent expenditure (Kshs 7.4 billion), and proposed sources of revenue. The top three priority areas that receive the most funding are health services (Kshs 1.68 billion), county executive (Kshs 1.2 billion), and transport and infrastructure (Kshs 720 million). Recommendations are provided around establishing an emergency fund, including unit costs and purchases, projecting medium-term estimates, and allocating funds for civic education.
This document provides an overview and highlights of key aspects of the India Budget for 2015-16. It outlines sources of government revenue such as taxes, borrowings, and other receipts. It also shows how the budget is allocated across central government plans and expenditures. The highlights section summarizes new initiatives related to taxation, agriculture, infrastructure, education, defense, welfare schemes, renewable energy, tourism, gold, and other points. The budget aims to achieve Vision 2022 for India and support various sectors through new programs and policies.
Union Budget 2017 – Railways, Roads and WaterwaysNikhil Antu
The document summarizes key announcements made in the Union Budget 2017 regarding improvements to railways, roads, and waterways in India. For railways, a Rs. 100,000 crore safety fund will be created over 5 years, 25 stations will be redeveloped in 2017-18, 500 stations will become disabled-friendly by 2019, and 3,500 km of new railway lines will be commissioned in 2017-18. For roads, Rs. 39,61,354 crore was allocated for infrastructure with Rs. 19,000 crore for rural roads and 2,000 km of coastal roads identified for construction. For waterways, the Inland Waterways Authority plans to raise Rs. 1,000 crore through bonds
The document outlines several policy reforms in India to promote growth initiatives and attract more investment as part of efforts towards an Atmanirbhar Bharat or self-reliant India. It discusses reforms in sectors like coal, minerals, defence production, civil aviation, power distribution, social infrastructure, space activities and atomic energy. Key reforms include introducing commercial coal mining, liberalizing the defence manufacturing sector, privatizing power distribution in union territories, enhancing private participation in infrastructure through viability gap funding, and allowing greater private sector involvement in space activities and atomic energy projects. The overall goal is to boost investment, reduce imports, increase self-reliance, and promote growth across critical sectors.
This document provides a summary of the key highlights from the Union Budget of India for 2016-17. It discusses proposals related to agriculture and farmers' welfare, rural development, social sectors, education, skills, job creation, infrastructure, financial sector reforms, taxation rates and amendments to various acts. The budget aims to boost growth, employment, ease of doing business while maintaining fiscal discipline. It focuses on priority sectors like agriculture, irrigation, rural development, social sectors, affordable housing and skill development.
This presentation is an attempt to summarize the salient points of the Indian Budget 2016-17.It is a presentation with basic details and its target audience are students undertaking Graduate level and MBA courses.
The document summarizes the key points of the Indian Railways budget for 2017-2018. It was the first time since 1924 that the Railways budget was merged with the main Union Budget. Some highlights include an 8% increase in total outlay to Rs. 1.31 lakh crore, a 9% increase in estimated revenue to Rs. 1.78 lakh crore, and focusing on passenger safety, capital works, cleanliness and financial reforms. The budget also aims to increase freight and passenger traffic volumes by 10% in the next three years through infrastructure modernization.
The Captown Capital Improvement Plan proposes a $1.3 million bond issuance and establishment of reserve funds to fund seven capital projects over five years while maintaining Captown's credit rating. The projects include upgrades to public safety communications and facilities, economic development like an industrial park building, and social projects like a new park. The plan expects Captown to maintain revenue growth from taxes and fees to fund operating costs and debt payments while modest population and property value increases occur.
The document provides an analysis of Mombasa County's proposed budget for FY 2015/2016. It summarizes the total budget (Kshs 10.7 billion), recurrent expenditure (Kshs 7.4 billion), and proposed sources of revenue. The top three priority areas that receive the most funding are health services (Kshs 1.68 billion), county executive (Kshs 1.2 billion), and transport and infrastructure (Kshs 720 million). Recommendations are provided around establishing an emergency fund, including unit costs and purchases, projecting medium-term estimates, and allocating funds for civic education.
In comparison to the less than ordinary and unimaginative budgetary proposals of yester years, Modi’s maiden budget comes as a welcome change from the norm. The proposals and reforms suggested in the Union Budget 2014-15 are ground breaking, specific with a good measure of thought & common sense and vastly catered for holistic growth of the economy.
The challenging circumstances of a slowing economy, soaring energy prices, inflation, fiscal and current account deficits do not provide adequate leeway to maneuver and hit the path of high growth. Yet the Budget provides a comprehensive plan and directional footprint towards overcoming these hurdles to sustainable growth of 7-8% over the next few years along with providing macro economic stability, lowered inflation, realistic fiscal health targeting and a manageable current account deficit.
The Finance Minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. And that resources for developmental expenditure cannot be raised at the cost of burdening the future generations with the legacy of debt. He goes on to emphasize the need to mobilize resources through both tax and non-tax revenues to feed the aspirational developmental expenditure.
In order to achieve this objective the Modi Government has taken head on the various issues plaguing the Indian economy and come out with imaginative and yet very practical and implementable reforms and measures.
The budget document outlines several major reforms and policy initiatives in the 2017-18 Indian budget. It includes advancing the date of budget presentation, merging the railway budget with the main budget, and abolishing the distinction between plan and non-plan expenditure. It also outlines changes to direct and indirect taxation rates, as well as allocations for infrastructure development, rural development, healthcare, education, skill development, agriculture and banking sector reforms.
The document summarizes key aspects of the Modi government's last full union budget before the 2019 Lok Sabha elections. It focuses on strengthening agriculture, tax policies, infrastructure development, education, and railways. For agriculture, it proposes expanding rural markets, promoting organic farming and providing credit access to more farmers. It introduces no change to individual tax slabs but allows salaried employees a higher standard deduction. For infrastructure, it allocates massive funding to expand road, telecom and housing projects. It also sets targets to modernize railways through track expansion, electrification and elimination of unmanned crossings.
The Union Budget 2016 highlights include boosting rural development, farmer's income, and infrastructure spending while maintaining the fiscal deficit target of 3.5%. Revenue expenditure is budgeted to rise 11% and tax revenues are expected to increase 11%. Allocations were increased for agriculture and farmer welfare, rural development including MGNREGA and PMGSY, and rural electrification. Infrastructure spending saw higher allocations for roads and ports. No major tax reforms were announced, but some relief was provided for affordable housing and startups. The budget aims to balance growth initiatives with fiscal prudence, but the fiscal targets may require cautious execution.
The document provides an overview of Kenya's mining sector and recent reforms. It discusses that mining contributes significantly to Kenya's GDP and exports. A new Ministry of Mining was created in 2013 to oversee the sector. The Mining Bill being passed will replace old legislation and establish new institutions to improve sector governance and competitiveness. It also outlines provisions related to mining rights, environmental regulations, taxation, and plans for regional harmonization of mineral policies.
The document provides an overview of India's National e-Governance Plan (NeGP) which aims to make all government services accessible to citizens through common service centers. It highlights the challenges of India's large population size and diversity. The NeGP's vision is outlined as well as its strategies which include a focus on improving services, capacity building, public-private partnerships, and awareness campaigns. Core infrastructure components like Common Service Centers, State Wide Area Networks, and State Data Centers are described. An implementation framework and status of Mission Mode Projects are also summarized.
The document is an economic budget proposal for 2016-17 presented by students from Laxmi Institute of Technology. It summarizes the key priorities and allocation of funds in areas such as agriculture, rural development, education, skill development, job creation, governance, and tax simplification. Some highlights include allocating 35,984 crores for agriculture and farmers' welfare, 87,765 crores for rural sector programs, 1804 crores for skill development initiatives, and focusing on improving ease of doing business and fiscal discipline. The budget aims to boost economic growth while addressing challenges of global slowdown and increased fiscal burdens.
This budget summary outlines the key priorities and plans of the Indian government's third budget under Prime Minister Modi's administration. It focuses on increasing entrepreneurship, health, dialysis, agriculture and irrigation. Planned expenditures are budgeted to increase 15.3% over the previous year, with funds allocated towards agriculture/farmers, rural development, social sectors, education, jobs, infrastructure, banking reforms, e-governance and tax reforms. Specific agriculture and irrigation initiatives are detailed to achieve the goal of doubling farmers' incomes by 2022.
1) The Union Budget 2010-11 aims to attain 9% GDP growth and cross the double digit growth barrier while addressing weaknesses in governance.
2) Total expenditure is 8.6% higher than last year, with fiscal deficit estimated at 5.5% of GDP.
3) The budget emphasizes inclusive development through increased spending on social sectors like education, health, and rural development, as well as reforms to strengthen transparency.
We all welcome the Union Budget 2016-17 and consider it reformist budget aimed at creating strong base for economic growth.
The budgetary proposals are built on transformative agenda standing on nine (9) pillars, which could be regarded as facilitators to the various programs of national importance (7 programs) like Start-up India, Digital India, Make in India, Smart India, Stand-up India, Skill India and Clean India.
Union Budget: Sector Highlights 2018-19 - Prepared by Edelman IndiaEdelmanIndiaPA
Highlights of key announcements made by Hon'ble Minister of Finance, Shri Arun Jaitley, during this year's Union Budget.
The sectors covered are:
1) Agriculture and Rural Development
2) Banking, Financial Services and Insurance
3) E-commerce and Retail
4) Energy
5) FMCG, Food & Beverages
6) Infrastructure and Housing
7) Manufacturing
8) Railways
9) Social Welfare
10) IT & Telecom
A budget is a quantitative expression of a financial plan, we all know that but, not everyone understands the whole of Budget. For this reason alone, the budget views are presented in a PPT format for your reference.
A presentation by CA Manish Hingar
The budget proposal is divided into 10 themes: farmers, rural population, youth, poor/underprivileged, infrastructure, financial sector, digital economy, public services, fiscal management, and tax administration. Key points include increased farmer credit, rural development programs, skill training for youth, healthcare initiatives, infrastructure spending on railways and roads, financial reforms, digital payment promotion, and tax reforms including lowering personal income tax rates. The budget aims to boost rural spending and contains major reforms like merging the railway budget.
- The document is a newsletter from Proglobal Corp dated August 25th, 2014. It provides updates on various topics including companies, SEBI, RBI, tax laws, and markets. Some key updates are that Air India terminated over 200 cabin crew and pilots for unauthorized absence, the CBI will close a coal scam case against Kumar Birla, and Reliance Industries could save Rs. 2,000 crore annually by sourcing ethane from the US. It also discusses advance tax rulings now being available to resident taxpayers, over Rs. 90,000 crore of undisclosed income being detected in sectors like power and real estate, and 36% of bad assets coming from sectors like infrastructure and metals. Market indexes and
The document summarizes the key points from the Union Budget 2014-15 of India. Some of the major reforms and policy proposals included fiscal consolidation to reduce the fiscal deficit to 3.6% by 2015-16, overhauling subsidies, measures to boost investment and manufacturing, and tax reforms like increased income tax exemption limits and changes to the taxation of business trusts. Infrastructure development, increasing FDI limits in certain sectors, and using asset sales to raise capital for banks and PSUs were also highlighted.
Impact of union budget on infrastructurePruthviraj E
The document summarizes infrastructure proposals from the Union Budget of India for 2017-2018. Key allocations included Rs. 3,96,135 crore for infrastructure, Rs. 1,31,000 crore for railways, Rs. 64,000 crore for highways, and Rs. 1,800 crore for airways. Proposals focused on expanding rail, road, air and renewable transportation networks as well as developing smart cities, rural internet access, and affordable housing. The budget aimed to boost infrastructure development to support economic growth through investments and incentives across various sectors.
This slide deck includes the highlights of the recent Union Budget of India for the financial year 2017-18 announced by Mr Arun Jaitley (Finance Minister) on 2nd Feb 2017.
KEY HIGHLIGHTS OF INDIAN UNION BUDGET 2019VARUN KESAVAN
For economy
- Targets to become a $3 trillion economy in FY20, $5 trillion in a few years
- Proposes changes to kick-start domestic and foreign investment
- Will create blueprint for gas, water grids and regional airports
- Govt proposes to expand Swachch Bharat to include solid
waste management in every village
- Setting up enhanced disinvestment target of Rs 1,05,000 crore in FY20 as against Rs 90,000 crore set in the Interim Budget
- A new series of coins of Re 1, 2, 5, 10 and 20 easily to be made available for public use shortly
- Proposes investment linked tax benefit for manufacture of products like lithium batteries and solar chargers
- Govt will start raising part of its gross borrowing programme in external markets in external currencies
- Import of defence equipment is being exempted from basic customs duty
- To set up digital repository to preserve tribal heritage
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for initiatives related to railways, roads, education, skill development, and rural electrification.
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for railways, roads, defense, and other infrastructure sectors along with plans for new projects.
In comparison to the less than ordinary and unimaginative budgetary proposals of yester years, Modi’s maiden budget comes as a welcome change from the norm. The proposals and reforms suggested in the Union Budget 2014-15 are ground breaking, specific with a good measure of thought & common sense and vastly catered for holistic growth of the economy.
The challenging circumstances of a slowing economy, soaring energy prices, inflation, fiscal and current account deficits do not provide adequate leeway to maneuver and hit the path of high growth. Yet the Budget provides a comprehensive plan and directional footprint towards overcoming these hurdles to sustainable growth of 7-8% over the next few years along with providing macro economic stability, lowered inflation, realistic fiscal health targeting and a manageable current account deficit.
The Finance Minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. And that resources for developmental expenditure cannot be raised at the cost of burdening the future generations with the legacy of debt. He goes on to emphasize the need to mobilize resources through both tax and non-tax revenues to feed the aspirational developmental expenditure.
In order to achieve this objective the Modi Government has taken head on the various issues plaguing the Indian economy and come out with imaginative and yet very practical and implementable reforms and measures.
The budget document outlines several major reforms and policy initiatives in the 2017-18 Indian budget. It includes advancing the date of budget presentation, merging the railway budget with the main budget, and abolishing the distinction between plan and non-plan expenditure. It also outlines changes to direct and indirect taxation rates, as well as allocations for infrastructure development, rural development, healthcare, education, skill development, agriculture and banking sector reforms.
The document summarizes key aspects of the Modi government's last full union budget before the 2019 Lok Sabha elections. It focuses on strengthening agriculture, tax policies, infrastructure development, education, and railways. For agriculture, it proposes expanding rural markets, promoting organic farming and providing credit access to more farmers. It introduces no change to individual tax slabs but allows salaried employees a higher standard deduction. For infrastructure, it allocates massive funding to expand road, telecom and housing projects. It also sets targets to modernize railways through track expansion, electrification and elimination of unmanned crossings.
The Union Budget 2016 highlights include boosting rural development, farmer's income, and infrastructure spending while maintaining the fiscal deficit target of 3.5%. Revenue expenditure is budgeted to rise 11% and tax revenues are expected to increase 11%. Allocations were increased for agriculture and farmer welfare, rural development including MGNREGA and PMGSY, and rural electrification. Infrastructure spending saw higher allocations for roads and ports. No major tax reforms were announced, but some relief was provided for affordable housing and startups. The budget aims to balance growth initiatives with fiscal prudence, but the fiscal targets may require cautious execution.
The document provides an overview of Kenya's mining sector and recent reforms. It discusses that mining contributes significantly to Kenya's GDP and exports. A new Ministry of Mining was created in 2013 to oversee the sector. The Mining Bill being passed will replace old legislation and establish new institutions to improve sector governance and competitiveness. It also outlines provisions related to mining rights, environmental regulations, taxation, and plans for regional harmonization of mineral policies.
The document provides an overview of India's National e-Governance Plan (NeGP) which aims to make all government services accessible to citizens through common service centers. It highlights the challenges of India's large population size and diversity. The NeGP's vision is outlined as well as its strategies which include a focus on improving services, capacity building, public-private partnerships, and awareness campaigns. Core infrastructure components like Common Service Centers, State Wide Area Networks, and State Data Centers are described. An implementation framework and status of Mission Mode Projects are also summarized.
The document is an economic budget proposal for 2016-17 presented by students from Laxmi Institute of Technology. It summarizes the key priorities and allocation of funds in areas such as agriculture, rural development, education, skill development, job creation, governance, and tax simplification. Some highlights include allocating 35,984 crores for agriculture and farmers' welfare, 87,765 crores for rural sector programs, 1804 crores for skill development initiatives, and focusing on improving ease of doing business and fiscal discipline. The budget aims to boost economic growth while addressing challenges of global slowdown and increased fiscal burdens.
This budget summary outlines the key priorities and plans of the Indian government's third budget under Prime Minister Modi's administration. It focuses on increasing entrepreneurship, health, dialysis, agriculture and irrigation. Planned expenditures are budgeted to increase 15.3% over the previous year, with funds allocated towards agriculture/farmers, rural development, social sectors, education, jobs, infrastructure, banking reforms, e-governance and tax reforms. Specific agriculture and irrigation initiatives are detailed to achieve the goal of doubling farmers' incomes by 2022.
1) The Union Budget 2010-11 aims to attain 9% GDP growth and cross the double digit growth barrier while addressing weaknesses in governance.
2) Total expenditure is 8.6% higher than last year, with fiscal deficit estimated at 5.5% of GDP.
3) The budget emphasizes inclusive development through increased spending on social sectors like education, health, and rural development, as well as reforms to strengthen transparency.
We all welcome the Union Budget 2016-17 and consider it reformist budget aimed at creating strong base for economic growth.
The budgetary proposals are built on transformative agenda standing on nine (9) pillars, which could be regarded as facilitators to the various programs of national importance (7 programs) like Start-up India, Digital India, Make in India, Smart India, Stand-up India, Skill India and Clean India.
Union Budget: Sector Highlights 2018-19 - Prepared by Edelman IndiaEdelmanIndiaPA
Highlights of key announcements made by Hon'ble Minister of Finance, Shri Arun Jaitley, during this year's Union Budget.
The sectors covered are:
1) Agriculture and Rural Development
2) Banking, Financial Services and Insurance
3) E-commerce and Retail
4) Energy
5) FMCG, Food & Beverages
6) Infrastructure and Housing
7) Manufacturing
8) Railways
9) Social Welfare
10) IT & Telecom
A budget is a quantitative expression of a financial plan, we all know that but, not everyone understands the whole of Budget. For this reason alone, the budget views are presented in a PPT format for your reference.
A presentation by CA Manish Hingar
The budget proposal is divided into 10 themes: farmers, rural population, youth, poor/underprivileged, infrastructure, financial sector, digital economy, public services, fiscal management, and tax administration. Key points include increased farmer credit, rural development programs, skill training for youth, healthcare initiatives, infrastructure spending on railways and roads, financial reforms, digital payment promotion, and tax reforms including lowering personal income tax rates. The budget aims to boost rural spending and contains major reforms like merging the railway budget.
- The document is a newsletter from Proglobal Corp dated August 25th, 2014. It provides updates on various topics including companies, SEBI, RBI, tax laws, and markets. Some key updates are that Air India terminated over 200 cabin crew and pilots for unauthorized absence, the CBI will close a coal scam case against Kumar Birla, and Reliance Industries could save Rs. 2,000 crore annually by sourcing ethane from the US. It also discusses advance tax rulings now being available to resident taxpayers, over Rs. 90,000 crore of undisclosed income being detected in sectors like power and real estate, and 36% of bad assets coming from sectors like infrastructure and metals. Market indexes and
The document summarizes the key points from the Union Budget 2014-15 of India. Some of the major reforms and policy proposals included fiscal consolidation to reduce the fiscal deficit to 3.6% by 2015-16, overhauling subsidies, measures to boost investment and manufacturing, and tax reforms like increased income tax exemption limits and changes to the taxation of business trusts. Infrastructure development, increasing FDI limits in certain sectors, and using asset sales to raise capital for banks and PSUs were also highlighted.
Impact of union budget on infrastructurePruthviraj E
The document summarizes infrastructure proposals from the Union Budget of India for 2017-2018. Key allocations included Rs. 3,96,135 crore for infrastructure, Rs. 1,31,000 crore for railways, Rs. 64,000 crore for highways, and Rs. 1,800 crore for airways. Proposals focused on expanding rail, road, air and renewable transportation networks as well as developing smart cities, rural internet access, and affordable housing. The budget aimed to boost infrastructure development to support economic growth through investments and incentives across various sectors.
This slide deck includes the highlights of the recent Union Budget of India for the financial year 2017-18 announced by Mr Arun Jaitley (Finance Minister) on 2nd Feb 2017.
KEY HIGHLIGHTS OF INDIAN UNION BUDGET 2019VARUN KESAVAN
For economy
- Targets to become a $3 trillion economy in FY20, $5 trillion in a few years
- Proposes changes to kick-start domestic and foreign investment
- Will create blueprint for gas, water grids and regional airports
- Govt proposes to expand Swachch Bharat to include solid
waste management in every village
- Setting up enhanced disinvestment target of Rs 1,05,000 crore in FY20 as against Rs 90,000 crore set in the Interim Budget
- A new series of coins of Re 1, 2, 5, 10 and 20 easily to be made available for public use shortly
- Proposes investment linked tax benefit for manufacture of products like lithium batteries and solar chargers
- Govt will start raising part of its gross borrowing programme in external markets in external currencies
- Import of defence equipment is being exempted from basic customs duty
- To set up digital repository to preserve tribal heritage
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for initiatives related to railways, roads, education, skill development, and rural electrification.
The document discusses key aspects of the Indian Union Budget announced in 2017, including:
- Reduced income tax rates and a higher income tax exemption limit.
- Increased spending on rural development, healthcare, infrastructure, and other social programs targeting farmers, youth, and other groups.
- Measures to promote digital payments and increase transparency in political funding.
- Higher allocations for railways, roads, defense, and other infrastructure sectors along with plans for new projects.
The summary provides the key highlights from the Union Budget 2022-23:
1) The total expenditure for 2022-23 is estimated at Rs. 39.45 lakh crore with a fiscal deficit target of 6.4% of GDP. Several programs are aimed at boosting infrastructure development, MSMEs, agriculture, renewable energy, and health.
2) Major infrastructure schemes include expanding the national highways network, developing multimodal logistics parks, upgrading railway infrastructure, and introducing ropeways under the Parvatmala program.
3) Support for MSMEs includes extending ECLGS, additional credit facilitation, and the RAMP program. Agriculture initiatives include MSP payments, promoting natural
Posiview Insight: Union budget 2014-15: Impact on Real Estate IndustryVinit Deo
Posiview Insight: Union budget 2014-15: Impact on Real Estate Industry
Posiview Consulting Partners is a Real Estate focused boutique invest banking and corporate advisory firm. Having executed more than 100 projects successfully over the last 10 years, we work with our Developer partners closely to support them from land acquisition, feasibility, fund raise from Banks and PE Funds and project strategy and monitoring till completion.
We believe that the Union Budget 2014-15 impacts the Real Estate industry in several indirect ways which has been missed by the mainstream media and our point wise analysis covers these aspects.
CA Vinit V Deo
Chairman and Managing Director
The budget focuses on uplifting the agricultural, healthcare, and education sectors. It proposes a fiscal deficit of 3.3% of GDP for 2018-19 and a disinvestment target of Rs. 80,000 crore. No changes are proposed to income tax slabs but standard deduction is introduced for salaried employees. Long term capital gains over Rs. 1 lakh will be taxed at 10% without indexation benefit. The budget also aims to boost infrastructure, rural development, and MSME sectors through various programs and increased funding.
The document summarizes the key aspects of the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman, including structural reforms focused on governance, financial sector, agriculture, and infrastructure development, as well as expenditure estimates and tax proposals aimed at boosting the Indian economy and achieving the government's vision of an aspirational India. The budget aims to balance growth promotion with fiscal discipline through measured stimulus targeted at entrepreneurship, trust-building, and citizen prosperity.
The Finance minister f India presented the last budget of the eisting goverme...DeepakAgrawal357530
The budget document outlines several key proposals in direct taxes, including no change in direct tax rates and income exemption up to Rs. 7 lakh under the new tax regime. It also discusses proposals to empower youth, farmers and women, including training programs, loan programs, and increasing budgets. Infrastructure development is emphasized through railway, airport and metro expansion. Sustainable development and healthcare initiatives like solar power, electric vehicles and expanding insurance coverage are also summarized.
The document outlines several policy reforms across key sectors in India to promote growth and investment. Some key reforms mentioned include fast tracking investment clearances, introducing commercial coal mining, liberalizing the defence manufacturing sector, increasing private participation in space activities, revamping the viability gap funding scheme, and establishing public-private partnerships in the atomic energy sector. The overall goal is to reduce imports, enhance self-reliance, boost private investment, and promote growth across priority sectors in support of an Aatmanirbhar Bharat or self-reliant India.
The document gives highlights from key sectors – agriculture and rural development, banking, financial services and insurance, defence and aviation, e-commerce and retail, energy, FMCG, food & beverages, infrastructure and housing, manufacturing, railways, social welfare, steel and mining, and technology IT & telecom.
The budget aims to promote inclusiveness and economic growth despite global challenges through three main objectives: providing opportunities for citizens' aspirations, boosting growth and job creation, and reinforcing macroeconomic stability. Key highlights include increasing capital expenditure by 33% to ₹10 lakh crores (3.3% of GDP), establishing a National Hydrogen Mission, allocating ₹35,000 crores for clean energy transition, simplifying indirect taxes, increasing customs duty exemptions for parts used in phone and TV manufacturing, and increasing tax exemption limits and reducing tax slabs and rates in the new personal income tax regime. Measures also focus on infrastructure development, MSME support, healthcare, education and women's economic
The document provides a summary of key highlights from the Union Budget 2020-21 presented by the Finance Minister. It outlines the three broad themes of the budget - Aspirational India, Economic Development for All, and Caring Society. It then details various allocations and policy measures across sectors like agriculture, healthcare, education, infrastructure, housing, and more to achieve the objectives under each theme. Key allocations include Rs. 2.83 lakh crore for agriculture and rural development, Rs. 69,000 crore for healthcare, Rs. 99,300 crore for education, and Rs. 100 lakh crore investment in infrastructure over 5 years.
This document comprehensively covers the provisions of the Union Budget 2020-21 and offers a detailed take on how these provisions can impact the key sectors and industries of the Indian economy. We’ve undertaken a holistic overview of these sector proposals from the perspective of monetary allocations, public policy, and proposed reforms for the future.
SUMMARY, COMPREHENSIVE,COMPARATIVE,CONCISE,CRISP, version of budget 2017-18 and 2018-19 .
one stop solution for all union budget queries.
Very helpful for finance students,MBA students,Professionals,UPSC students,and also for enthusiasts.
The budget focused on developing a 'New India' through boosts for agriculture, rural development, infrastructure, healthcare, employment and education. Key announcements included increasing MSP for crops to 1.5 times production cost, allocating Rs. 2000 crore for developing agricultural markets, and doubling allocation for food processing. The budget also proposed the world's largest government healthcare program covering over 10 crore poor families and allocating funds for rural housing and education infrastructure development. However, expectations of income tax cuts were mostly unmet with the exception of a standard deduction increase, and stock markets fell due to the announcement of a 10% tax on long-term capital gains from equities.
The document summarizes the key points from the Indian government's budget for 2013-2014. It outlines economic challenges like slowing growth and high deficits. It details spending increases for health, education, rural development, and agriculture. It proposes measures to boost investment, infrastructure, industry, and the financial sector. It outlines tax proposals including personal income tax cuts and changes to customs, excise, and service taxes.
The document provides a summary of Nepal's fiscal year 2018/2019 budget. It highlights allocations to various sectors including agriculture, industry, tourism, transportation, reconstruction, and personnel management. It also discusses monetary policy, GDP growth targets, tax policies and concessions. Key points include allocating funds to employment programs, agricultural modernization, industrial villages, Visit Nepal 2020 tourism campaign, and increasing infrastructure spending on roads, airports, bridges and reconstruction. The budget aims to facilitate 8% GDP growth through expansionary monetary policy while targeting long-term 10% annual growth.
The document provides a summary of Nepal's fiscal year 2018/2019 budget. It highlights allocations to various sectors including agriculture, industry, tourism, transportation, reconstruction, and personnel management. It also discusses monetary policy, GDP growth targets, tax policies and concessions, and security initiatives. Key points include allocating funds to employment programs, agricultural modernization, industrial villages, Visit Nepal 2020 tourism campaign, rebuilding after natural disasters, and increasing budgets for health, education, and infrastructure development across provinces.
highlights & Key featuresof budget 2020 pdf- Dr Ajay ShuklaProf. Ajay H Shukla
The budget document highlights key themes of the Indian budget including ease of governance, financial sector reforms, aspirational economic growth, and building a caring society. It provides allocations and targets for sectors like agriculture, infrastructure, industry, education, healthcare, and social welfare. Macroeconomic indicators are presented showing GDP growth, inflation, fiscal deficits, debt levels, and foreign exchange reserves. The tax proposals section outlines changes to corporate tax rates, income tax slabs, and GST implementation. Major schemes see increased allocations for 2020-21.
The budget document highlights key themes of the Indian budget including ease of governance, financial sector reforms, aspirational economic growth, and building a caring society. It provides allocations and targets for sectors like agriculture, infrastructure, industry, education, healthcare, and social welfare. Macroeconomic indicators are presented showing steady GDP growth, declining fiscal and current account deficits, and increasing foreign exchange reserves. The tax proposals section outlines changes to corporate tax rates, income tax slabs, and GST implementation. Major schemes see increased allocations for 2020-21.
The document summarizes the key aspects of the Union Budget 2014-15 in India. It outlines the budget's focus on developing new and rural India, and its allocation of funds across various sectors like agriculture, industry, infrastructure, education, health, and defense. Some major allocations included Rs. 8 lakh crore for agriculture credit, Rs. 14,389 crore for rural road development, Rs. 500 crore to set up 5 new IITs, and Rs. 5,000 crore additional allocation for defense. The budget estimated total expenditure of Rs. 17,94,892 crore with gross tax receipts of Rs. 13,64,524 crore.
Similar to National Budget Mauritius 2017 2018 (20)
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This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
2. 5 CHALLENGES
1. Fostering higher growth for more and better jobs
2. Investing massively in the infrastructure of the future
3. Improving the quality of life of our people
4. Ushering a New Social Paradigm
5. Consolidating macro-economic fundamentals
3. Economic achievement and progress
• Growth rate of 3.9% in 2016/17 compared to 3.2% in the previous year
• Expecting growth rate of 4.1% in 2017/18.
• Unemployment rate has fallen to 7.3% in 2016 and inflation rate was 1%
in that same year compared to 1.3% in 2015.
• Real growth rate of private investment which has been negative since
2012 has picked up with a positive growth of 5.7% in 2016
• Vision 2030
• Mauritius- high income country by 2023 with an income per capita of
around USD13,600 against the current level of USD 9,740
4. Finance
• The Government of India - Financial support of USD 500 million, that is
around Rs.18 Billion, through a LOC (Line Of Credit). Another tranche of
USD 130 million that is Rs. 4.5 Billion is also available and was
approved in Feb 2012. Also a grant of Rs.12.7 billion was provided last
year.
• The LOC of USD 500 million bearing an interest rate of 1.8% will be
made available to the SBM (Mauritius) Infrastructure Development
Company Ltd for investment in redeemable preference shares. These
shares will be issued by the public sector entities implementing
infrastructure projects and will have a redemption period of 20 years with
an initial grace period of 7 years.
• All revenues and expenses of the Build Mauritius Fund and the National
Resilience Fund will be consolidated in the National Budget.
5. Major measures
• Government will inject Rs.50 million in a Research Fund to be managed
by the TEC.
• An Innovator Occupational Permit will be introduced for start ups with a
minimum expenditure of 20% for R&D purposes.
• Accelerated depreciation of 50% in respect of capital expenditure on
R&D. Companies will be allowed to claim a double deduction in respect
of qualifying expenditure on R&D. This will apply until income year 2021-
2022.
• Government will provide Rs. 310 million for upgrading educational
hardware and infrastructure in our training institutions.
• Attract FDI (Foreign Direct Investment)– high tech machines and
equipment brought by an investor will now be considered as part of the
minimum investment of USD 100,00 required to obtain an Occupation
Permit.
• Removal of registration duty and land transfer tax on any transfer of
immovable property for the setting up of a business for high-tech
manufacturing.
R&D and
Technology
6. • SMEs – major tax reforms for domestic companies to expand their
exports capacity and seek new markets. Their profits from exports of
goods will be taxed at the lower of 3 % instead of 15%
• SMEs -Dedicated space in four new markets fairs that will be built at
Goodlands, Bel Air, Chemin Grenier and Mahebourg to market their
products.
• SME e-platform will be set up to provide more visibility to SME products.
• The SME Venture Capital Fund is now operational & will provide equity
financial in projects by local SMEs.
• DBM will provide finance to SMEs at the interest rate of 6%. In addition,
the interest rate on its loans to micro enterprises is being brought down
from 6% to 3%
• Government will be providing Rs.100 million over the next 3 years for
the implementation of the 10-Year Master Plan for the SME Sector (SME
Mauritius will replace SMEDA)
• Government will contribute Rs 5,000 towards the costs of membership
for SMEs in the ‘Made in Moris’ label.
Major measuresSMEs
7. • Renovation of Plaza Theatre Building Rs.300 million
• Town Hall of Curepipe- refurbished at an estimated cost of Rs.110
million.
• Metro Express Project- will start in September this year. The project will
be fully financed with the financial support from the Government of India.
• Rs.4.9 billion over the next three years in various projects :
(a) The construction of both the Jumbo-Phoenix round-about and the
A1M1 Bridge will start in October this year;
(b) A new road will be built that will connect La Vigie and La Brasserie &
will eventually be connected to Beaux Songes, thereby providing a
direct link between the south and west;
(c) A second fly-over to connect directly the M1 to the Terre Rouge
Verdun motorway.
• Côte D’or City at Highlands financed from the financial support of the
Government of India, for an amount of Rs.3.6 billion.
• Upgrading of the Ébène Cybercity under An Urban and Rural
Regeneration Master Plan
Major measuresInfrastructure
8. • The MPA is also proceeding with the construction of a second
breakwater & will invest around half a billion rupees in a new Passenger
Terminal Building at Les Salines to accommodate both Cruise and inter-
island passenger traffic.
• Unlocking the growth potential at Riche Terre- The Riche Terre Business
and Industrial Park should attract some Rs 4.4 billion of investments
over the next three years.
• AIRPORT- a masterplan review for the construction of a second
passenger terminal and to renovate and refurbish the Old Passenger
Terminal.
Major measuresInfrastructure
9. • A solar PV farm will be set up by CEB (Green) Co Ltd at Henrietta by
March 2018.
• Some Rs 700 million will be invested in the ‘Solar Home Project’
comprising the installation of 10,000 roof top solar panels over the next
5 years for low income households in the social tariff category.
• Solar panels of 1 kw will be installed on rooftops of another 3,000 low
cost houses to be constructed by the NHDC.
• Businesses will be able to deduct the investment in solar energy units
from their taxable income.
• All interest income from debentures issued to finance renewable energy
projects and which are approved by the MRA will be exempted from tax.
Major measuresRenewable
energy
10. • CWA will invest some Rs.210 million in the installation of steel tanks of
2,000 cubic meters in 21 water distressed regions.
• Rs.135 million will be invested in 15 mobile plants to treat water affected
by mud during heavy rainfalls, Rs.2.3 billion for the replacement of 264
kilometres of pipes, solar powered borehole pumps will also be installed
on 12 sites to improve efficiency and rain water harvesting systems
installed in 14 primary schools.
• Rs.598 million for the installation of a water treatment plant to make the
Bagatelle Dam fully operational.
• The water tank scheme – extend for another year and the income
eligibility ceiling for the grant under this scheme from Rs.15,000 to
Rs.25,000
• Over the next three years, some Rs.1.3 billion will be invested in the
construction, upgrading and cleaning of drains.
• Rs.3.8 billion investment in wastewater management over the next three
years.
• An additional 10,000 compost bins will be distributed to the population.
Major measuresQuality of life
11. • Recruitment of 624 personnel, including specialists in various fields,
student nurses and general staff.
• Investment in infrastructure and health care facilities which includes:
- Three new Mediclinics at Quartier Militaire, Bel Air and Stanley;
- Two linear accelerators for the treatment of cancer patients and
other high tech equipment;
- Two new Community Health Centres at St Francois Xavier and
L’Espérance; upgrading the Yves Cantin Community Hospital in
Black River.
- Consultancy work on the setting up of a state-of-the-art
Neurosurgery Unit at Dr Jeetoo Hospital;
- Construction of a modern Warehouse Facility for pharmaceutical
drugs and medical consumables;
- 5 new SAMU ambulances; and
- an increase of 20% in the provision for the acquisition of medicine,
drugs and vaccines
• A Visitor Medical Visa upon arrival will be introduced for foreign patients.
Major measuresHealth
12. • Recruitment of 583 additional Police Constables and the procurement of
equipment including Security Equipment
• Acquisition of 18 Light Armoured Personnel Carriers, 12 for the Special
Mobile Force (SMF) and 6 for the Special Support Unit (SSU)
• Implementing the Police Training Academy at Côte d’Or City.
• The construction of a modern headquarters at Fort William, repair
facilities for the NCG vessels and a slipway facility.
• The pilot Safe City Project -Main feature of that project is the installation
of Intelligence and Traffic Surveillance cameras in major public areas.
Rs.440 million budgeted for 2017/18 to implement this project.
• Supreme Court Tower -construction should start by the end of this year.
• Rs.15 million for a modern computerised system. Thus, fines and fees
will be paid at any district court and even online.
Major measuresSecurity
13. Fight against the drug scourge:
• Rs 100 million to equip the MRA customs with modern and sophisticated
tools to detect drugs.
• Doubling the provision for the acquisition of vehicles and equipment for
ADSU and manpower at ADSU will be increased from 400 to 450.
• Acquisition of two body scanners for the Melrose and Beau Bassin
Prisons and for the recruitment of 35 Prison officers.
• Ban cash betting transactions above Rs.2,000; to introduce an account
based betting together with a player card program/system; and to make
it mandatory for licensees /operators earning Rs.10 million or above, to
report and file suspicious transactions to the Authorities.
Major measuresSecurity
14. • A provision of Rs.50 million is being made for bring back under cane
cultivation (abandonment of cane lands) at least 500 hectares in fiscal
year 2017/18.
• Registration duty payable on leases of agricultural lands of up to 10
hectares will be waived.
• VAT refund for the replacement of old lorries which is used for carrying
harvested canes; including 25 equipment in the list of equipment under
the VAT refund scheme for planters, breeders, bee keepers, fishermen
and bakers.
• The final price for green tea leaves supplied to tea manufacturers will be
increased by 6 per cent as from the current crop 2016/17. This will
enable the tea cultivators to share the benefits from increased sales of
value-added tea.
• Tea growers will be granted excise duty exemption on the purchase of a
single/double space cabin vehicle.
• Rs.18 million budgeted for improving animal disease surveillance and
establishing animal health laboratory facilities.
• The subsidy on the price of concentrate feeds is increased to Rs.10
million through the Livestock Feed Promotion Scheme & customs duty
on all animal feed, except for poultry and pets is removed.
Major measuresAgriculture/
farming
15. • CSR – Companies were supposed to contribute 50% of their CSR
contributions to the MRA in the first year and 75% in the second year.
• To give more time to the companies to adapt to the new system,
companies will be allowed to keep 50% of their CSR contributions to
implement their own CSR projects for another year. The other 50% will
have to be remitted to the MRA for the National CSR Foundation.
• Setting up a National Arts Fund to finance activities for performing as
well as fine arts. A contribution of Rs.50 million will be made initially to
the Fund. Government will invest in the setting up of a Médiathèque and
an annual national award ceremony will be organised to give recognition
to local artists who have made outstanding achievements.
• The setting up of a Hall of Fame and an allowance scheme for retired
athletes who have recorded performances at senior level at African and
international games and championships. The monthly allowances will
range from Rs.3,000 to Rs.10,000.
Major measuresCSR/Arts/
sports
16. • 8 year income tax holiday for new companies engaged in the
manufacturing of pharmaceuticals products, medical devices and high
tech products
• New companies involved in innovation-driven activities will benefit from
a tax holiday of 8 years on the income derived from the totality of
Intellectual Property Assets.
• Extending 8 year work permit policy for expatriate workers in the export
–oriented enterprises to all manufacturing activities
• Issuance and renewal of work permits will be made within the reduced
timeframe of 15 working days instead of 40 working days.
• A non-resident acquiring a residential property for an amount below USD
500,000 will be entitled to a Multi-Entry Visa for a maximum of 180 days
per year for a consecutive period of 5 years and renewable every 5
years depending on the status of ownership.
• 2,500 additional youths will benefit from YEP (Youth Employment
Programme).
Major measuresOthers
17. • Government is also amending the Companies Act 2001 to allow for
Islamic Financial Institutions and Islamic Banks to adopt accounting
standards issued by the Accounting and Auditing Organization for
Islamic Financial Institution.
• The minimum capital requirement of banks will be raised from Rs. 200
million to Rs. 400 million. Existing banks will be given two years to adjust
their capital to the new level. The Banking Act will be amended
accordingly.
• An Economic Development Board (EDB) will be established to ensure
greater coherence and effectiveness in implementing government
policies and actions.
• EDB will engage with stakeholders to create a Regional Fintech
Association. The FSC will set the rules for regulating the Fintech
activities such as peer-to-peer lending and funding, as well as mobile
wallet.
Major measuresOthers
18. Negative Income tax
• This measure will provide financial support of up to Rs. 1,000 per month
to low-income employees. It will benefit some 150,000 employees in full
time employment earning emoluments less than Rs.10,000 per month.
The policy will take effect as from 1st January 2018 and cost about
Rs.1.3 billion. Negative income tax will be paid on a semi-annual basis.
• Eligibility: Contributions to NPS/NPF and income of couple including
exempt income not exceeding Rs.30,000 in a month.
Solidarity levy
• High income earners for individuals having chargeable income plus
dividend in excess of Rs. 3.5 million will be required to pay 5% of the
excess.
Income Tax Major measures
19. • Increase in Income Exemption Threshold as follows:
(a) Rs.5,000 for tax payers no dependent or one dependent
(b) Rs.10,000 for those having 2 dependents
(c) Rs.15,000 for those having 3 dependents
(d) Rs.45,000 for those having 4 or more dependents (new category)
• Relief for medical insurance premiums as follows:
(a) From Rs.12,000 to Rs.5,000 in respect of the tax payer
(b) From Rs.12,000 to Rs.15,000 in respect of the first dependent
(c) From Rs.6,000 to Rs.10,000 for each of two additional dependents
• Deduction for those employing household workers will be allowed to
deduct the wages paid to household employees from his annual taxable
income subject to a maximum deduction of Rs. 30,000
• Financial assistance provided under the National Pensions Act to
disabled persons such as the basic invalidity pension, carer’s allowance
and contributory invalidity pension is being exempted from income tax.
Major measuresIncome Tax
20. • The retail price of flour reduced from Rs 5.85 to Rs 4.85 i.e. by 17% as
from 9th June 2017. The price of bread and other flour-based products
should also go down.
• Removal of VAT on sanitary pads.
• Increasing the rates of excise duty as follows:
By 5 per cent for beer and other alcoholic products
By 10 per cent for tobacco products
Major measuresConsumer
well being
21. • Total expenditure of Rs. 127.7 billion of which Rs. 108.9 billion
for recurrent expenditure.
• Capital expenditure of Rs.18.8 billion including Rs. 3.1 billion
form Build Mauritius Fund.
• Total revenue will increase to Rs 112.2 billion of which Rs 92.3
billion from tax receipts, Rs. 6.9 billion from external grants and
Rs. 5.7 billion from the closure of the two Special Funds
• Budget deficit of Rs.15.5 billion representing 3.2% of GDP
compared to 3.5% in 2016/17
Conclusion
22. DISCLAIMER
RV Consulting Ltd is a firm of Chartered Accountants and Business advisors in Mauritius & RV
Partners LLP is a licenced audit firm in Mauritius. Both are member firms of CH International – a
world-wide association of accountants, auditors, tax specialists and business advisors, working with
small to medium-sized companies all over the world to help them achieve their goals
This publication has been prepared for informative purposes and should be seen as broad guidance
only. The publication cannot be relied upon to cover specific situations and you should not act, or
refrain from acting, upon the information contained therein without obtaining specific professional
advice. Please contact us to discuss these matters in the context of your particular circumstances.
Both RV Consulting Ltd & RV Partners LLP, their partners, employees and agents do not accept or
assume any liability or duty of care for any loss arising from any action taken or not taken by anyone
in reliance on the information in this publication or for any decision based on it. No liability is accepted
for errors or opinions contained therein. No part of this document may be reproduced, transmitted in
any form or by any means, electronic, mechanical, photocopying, recording or otherwise or stored in
any retrieval system of any nature without our prior written permission.