The Budget has announced Rs 1,40,000 crore scheme to solarise agricultural pumps and encourage use of barren land for setting up solar power plants, power and renewable energy minister R K Singh said on Friday.
While markets are still debating the revival of India’s capex cycle, particularly in the light of an absence of private capex, the measures announced in the Budget for 2018-19, particularly for the infrastructure sector, could lend some support.
Arun Jaitley, Union Finance Minister, is all set to present his fifth Budget speech in the Parliament today. All sectors and citizens of the country have high expectations from Jaitley.
It shows the increase in government revenues and government expenditure (or oil subsidy) for every $10 a barrel rise in oil prices.
Union Budget 2018: On February 1, Finance Minister Arun Jaitley will present the Union Budget 2018 in the parliament. In the budget 2018, the speculation is that there will be multiple steps taken to boost the investments in the country
Budget 2018: Highlighting the importance of Budget 2018, PM Narendra Modi on Monday said the world has high expectations with Indian Economy. Modi said that global institutions like World Bank and IMF have eyes on Indian 2018 Budget.
The Economic Survey 2017-18, tabled in Parliament on Monday, forecasts gross domestic product growth for 2018-19 at 7-7.5 per cent, compared with a forecast of 6.75 per cent in the current fiscal year.
President Ram Nath Kovind Kicks Off Budget Session Of Parliament; Says Target Is To Ensure Housing For All By 2022
President Ram Nath Kovind`s address to a joint sitting of the Lok Sabha and Rajya Sabha on Monday marked the beginning of the Budget Session 2018.
Industry players in the renewable energy sector are of the view that there are a number of policy decisions related to import duties and domestic manufacturing, which, if taken, could further boost the sector.
The oil and gas industry has sought infrastructure status for the exploration and production sector as also lowering of taxes on locally produced oil to boost domestic output and cut import dependence.