Union Budget Of India 2018 Live : Key Highlights and Main Updates of Budget 2018 India by Arun Jaitley - letmejob.com

Today's Top News

Thursday, February 1, 2018

Union Budget Of India 2018 Live : Key Highlights and Main Updates of Budget 2018 India by Arun Jaitley

Union Budget Of India 2018 Live : Key Highlights and Main Updates of Budget 2018 India Represented by Arun Jaitley, Finance Minister of Indian NAMO Govt.








Here's the main Important Highlights Of  Union Budget 2018 of India : 

In this budget, India's farmers and villagers, as well as companies with exposure to agriculture, emerge as the biggest winners. Bond investors might just be the biggest losers.




Farmers

Farmers have been protesting across the country. This budget promises to raise the minimum price offered to farmers for crops, while investing heavily in agricultural markets across India. It also delivers more money for rural areas, including irrigation projects and aquaculture projects, and directs state governments to purchase extra solar power generated by farmers using solar-powered pumps. Agriculture-focused companies such as Shakti Pumps India Ltd., Jain Irrigation Systems Ltd.

Health Care Providers

The government's new flagship National Health Protection Scheme, which aims to insure as much as 500 million people for up to 500,000 rupees a year of care, could benefit companies such as Apollo Hospitals Enterprise Ltd.




Transport Companies

With Jaitley promising record infrastructure spending on roads and railways, construction and engineering firms, as well as train wagon-producers, could benefit. 

Consumer Companies

With boosted spending on India's vast hinterland, fast-moving consumer goods companies such as Hindustan Unilever Ltd., Britannia Industries Ltd.




Jewelers

With 60 percent of gold demand coming from rural India, the budget's focus on boosting rural and farm incomes could benefit companies such as Titan Co Ltd., Tribhovandas Bhimji Zaveri Ltd., PC Jeweller Ltd.

Airports
With the government pledging to expand regional airport construction, firms such as GMR Infrastructure Ltd. and GVK Power & Infrastructure Ltd. could benefit.


What are the major announcement by Arun Jaitley and Modi Government? 







Apple, Samsung

In order to boost domestic manufacturing, Jaitley's budget lifts customs duty on mobile phones to 20 percent from 15 percent. That might lower returns for Apple Inc. and Samsung Electronics.

Financial Sector
The government's decision to impose long-term capital gains tax on equity investments may dent investor sentiment for financial services companies, life insurers and providers of mutual fund products including IDFC Ltd., Reliance Capital Ltd.

Defence Sector



Jaitley praised the armed forces and promised an industry-friendly policy to promote defence production as he addressed parliament.

Budget India, 
Budget
Budget 2018, 
Union Budget of India,