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budget 2018: disinvestment dept asked to bring rs 1 trillion before march




the disinvestment department has been told to bring a sum of rs 1 trillion to the budget table for fy18. fresh from the success of crossing the annual disinvestment target for the first time, the finance ministry feels the department should be able to reach the sum by march 2018. “we have been tol...



ficci urges govt to bring down corporate tax to 28% in budget 2018




industry body ficci on thursday urged the government to lower the corporate tax rate to 28 per cent from 30 per cent in the forthcoming budget, a move that would boost the industry and help tide over the problems created by the us tax reforms.finance minister arun jaitley in his 2015-16 budget had p...



presstv-iran’s 2018-2019 budget bill




iran 2018-2019 budget billthis edition of the show explores the weaknesses and strengths of the planned budget for the next iranian fiscal year that begins on march 21, 2018.



news digest: q3 earnings, budget 2018, cryptocurrency, and others




q3 earnings off to a good start; combined net profit of 130 firms up 16.5% the third-quarter (q3) earnings season has started on a positive note for corporate india, with the combined net profit of 130 early bird companies up 16.5 per cent on a year-on-year (yoy) basis, growing at the fastest pace i...



china hikes defence budget to usd 152 billion




china has hiked its military spending by seven per cent to usd 152 billion, about three times higher than that of india, as beijing braced for countering america's push into the disputed south china sea. after skipping the customary mention of the figures of defence spending in the work report submi...



donald trump budget: white house plan would bring big cuts




presidential budgets are always aspirational political documents and almost never passed into law as written, but the one set to be introduced by donald trump tuesday stretches credulity given the current makeup in congress.the $4 trillion government-spending blueprint relies on rosy assumptions and...



president trump's budget includes a $2 trillion math mistake




president trump's budget includes simple accounting error that adds up to a $2 trillion oversight.under the proposed budget released tuesday, the trump administration's proposed tax cuts would boost economic growth enough to pay for $1.3 trillion in spending by 2027. but the tax cuts are also suppos...



govt may sell air india in fy18 if it finds suitable buyer: sources




the government may sell flagship carrier air india this fiscal itself if it finds a suitable buyer, according to official sources.the government, they said, also expects to meet its disinvestment target as there are a number of companies in the pipeline.various companies including gic, new india ass...



donald trump's budget would cut amtrak infrastructure funds




as authorities were still trying to determine the causes — and the exact death toll — of monday’s amtrak derailment in washington state, president donald trump immediately waded into a policy debate, teasing a “soon to be submitted infrastructure plan” for “roads, bridges, tunnels, railw...



cabinet clears air india disinvestment




the union cabinet today cleared disinvestment of debt-laden air india but the final modalities, including the quantum of stake sale, will be decided by a group of ministers.finance minister arun jaitley said the cabinet has given "in-principle" approval for disinvestment of air india.a group will be...



house passes gop budget plan in key step toward tax overhaul




(washington) — the house thursday passed a $4.1 trillion budget plan that's a critical step for the party's drive to rewrite the tax code later this year.the 2018 house gop budget promises deep cuts to social programs and cabinet agency budgets and reprises a controversial plan to turn medicare in...



govt may include some profitable psus for strategic disinvestment




the government may include some profitable central public sector enterprises (cpses) which are not of much strategic importance in the list of entities targeted for disinvestment in 2018, along with sick and loss-making units, a top official has said.the government was so far focussed on strategic s...



34 sick psus suggested for strategic divestment: niti aayog ceo




government think-tank niti aayog has recommended strategic disinvestment of 34 sick public sector units so far, its ceo amitabh kant said on thursday.the prime minister's office (pmo) had asked the think- tank to look into the viability of sick state-run companies."we have recommended 34 sick psus f...



presstv-iran’s president rouhani presents budget bill to mps




iran's president hassan rouhani on sunday presented the budget bill for the next iranian year that begins on march 21, 2018 to the parliament with reports emerging that certain dramatic changes to a multiple-year costly subsidy reforms plan could already be on the way.rouhani’s proposed budget bil...



a look at moscow's future forces




behind closed doors, battles are taking place over the future of russia’s military. during this year’s victory day parade on may 9, russia’s armed forces showed off the latest and greatest the russian defense industry has to offer. the next few months will determine how much of that equipment ...



govt likely to achieve fiscal deficit target of 3.2% in fy18: sbi report




the government is likely to achieve its fiscal deficit target of 3.2 per cent this financial year as the budgeted disinvestment receipts are on track to realise rs 72,500 crore, says an sbi research report. according to the report, though there are predictions that the government is going to have a ...



russian defense ministry's new modernization plan




behind closed doors, battles are taking place over the future of russia’s military. during this year’s victory day parade on may 9, russia’s armed forces showed off the latest and greatest the russian defense industry has to offer. the next few months will determine how much of that equipment ...



higher budget deficit looms large this year




the centre is staring at a higher budget deficit this year (2017-18) with its revenue mop up expected to remain less than budgeted for. the gst hiccups and lowering of tax rates on several items in the recent times have compounded the woes.additionally, the government this financial year will have o...



rs 6-trn direct tax collection rescues govt in fiscally difficult year




amid fiscal worries, the government has got some relief on the direct taxes front. the mop-up rose 18.2 per cent till december. the target for this financial year is 15.7 per cent, according to budget estimates.  the direct tax collections rose to rs 6.56 trillion till december. this represents 67 ...



russia’s defense budget — down, but not out




reports that russia has cut its defense budget this year by a staggering 25 percent might give the impression it has abandoned a decade-long military modernization drive. it hasn’t. in fact, the campaign to rebuild the russian military after years of decay is still going strong.seven years ago, vl...



russia’s defense budget — down, but not out




reports that russia has cut its defense budget this year by a staggering 25 percent might give the impression it has abandoned a decade-long military modernization drive. it hasn’t. in fact, the campaign to rebuild the russian military after years of decay is still going strong.seven years ago, vl...



donald trump pushes for senate to pass $4.1 trillion budget




president donald trump is rooting for fellow senate republicans to succeed in efforts to pass a massive $4.1 trillion budget plan. but in a tweet before daybreak thursday, the president said, "i think we have the votes, but who knows?"trump noted in the post that "republicans are going for the big b...



trump budget keeps pledges: cuts for poor, more for military




washington — president donald trump fulfilled a major campaign promise tuesday, proposing a $4.1 trillion budget plan that would upend washington in a big way. but he drew rebukes, even from some republican allies, for the plan's jarring, politically unrealistic cuts to the social safety net for t...



fy18 direct tax collection during apr 1-jan 15 rises 19% to rs 6.89 trn




direct tax collections during the first nine-and-a-half months of the current financial year have risen by 18.7 per cent to rs 6.89 trillion (rs 6.89 lakh crore), the tax department said on wednesday. the collections till january 15, 2018, represent over 70 per cent of the rs 9.8 trillion (rs 9.8 la...



official new report: republican tax cuts won't pay for themselves




when selling their tax plan, republicans have long argued that they don’t need to offset the costs of their plan because – let’s all say it together – tax cuts pay for themselves.today, congress’ official scorekeepers told gop lawmakers in no uncertain terms that they’re wrong.the congre...