From Davos to Delhi: India on Journey of Growth
After 21 years, the Davos Summit had an Indian PM, with his largest ever delegation who addressed the world’s top CEOs and Entrepreneurs in the World Economic Forum. Raising his concern on Anti-Globalization suggested “to build a shared future” by using technology which is right now the biggest opportunity.
Akin to his vision shared at Davos, Budget 2018 displays India’s endurance to become the tech-first nation. By doubling the allocation to Digital India to Rs 3,073 crore the budget has encouraged initiatives to set up national programme to encourage AI and extend benefits of internet and technology-enabled services to the masses.
Return of the Long-Term Capital Gain Tax (LTCG) in this year’s budget is the talk of the financial industry right now. Market that were ongoing irrational exuberance and bubbles due to high capital inflow, has now found correction through this announcement. Government’s decision to re-introduce the LTCG tax, after it was abolished in 2005, will help repair losses of 50000 crore per year due to non-imposition of the LTCG tax.
Infrastructure will see a positive push as the government is inclined towards enhancing infrastructure in the country by proposing an amount of Rs. 50 lakh crores. The push on development of highways and arterial roads, railways and airport infrastructure will simultaneously help promote job creation and ease of doing business in India. The pro-poor budget will empower women of the country and is also optimistic about Agriculture, infrastructure, healthcare and rural development seem to be the key focus areas of the Budget 2018.
This month’s Investors India is dedicated to provide thorough information of Union Budget 2018 and will help you make better investment decisions by clearing all your post-budget doubts. Also, find our exclusive story on the implications of Budget announcements on Long-term Capital Gain Tax in our Cover Story. Don’t Forget to go through our Lifestyle Section and know natural ways of lowering your blood pressure without medication and living a healthy life.
GST: Freedom from Archaic Laws
Recently, we accomplished the silver jubilee of our economic liberalization. Year 1991 was the year reforms, a year of inception, when we unbridled our economy of restraint.
With GST Bill we are on our way to re-write the fate of prevailing archaic laws. The GST will perhaps be the single most important reform stimulus since 1991-92. If the bill is passed, 2016 will witness transformation in the Indian Economy.
It will help create a unified market, which would enable seamless movement of goods across states and simultaneously boost production. And therefore, put India’s fiscal system on the cutting edge of the world market economies. 2016 will witness transformation in the Indian Economy.
The world is undergoing turbulences, one after another, but India, however, appears to be much better placed. The dependence on domestic markets is the core reason of being safer but reforms in financial sector by the government and large forex reserves provides additional cushion against any internal and external market volatility.
This month, Investors India presents our readers with International Mutual Funds, a way to diversify a part of your portfolio, globally. The Cover Story of the month will reveal the methods you should follow to achieve complete financial freedom by effortlessly meeting your financial goals. Furthermore, you can also make your health better with tips on healthy liver in our section: Lifestyle Planning.
Wishing You Prosperity!