It's about Business in Kerala!
Trivandrum: The Kerala Budget for the financial year 2017-18 presented by the Finance Minister, Dr. T M Thomas Isaac today in the Niyamasabha, has termed IT, Tourism and MSMEs as new areas of growth. Excerpts from the Budget speech:
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Budget 2017 – Tax proposals explained – the impact of the Tax proposals for the Individual and Corporate Tax payers: 1. Tax Rate slashed for small tax payers: Personal Income Tax slab reduced for individual ttax payers having taxable income between 2.5 lakhs to 5 lakhs to 5% instead of present 10%. This will provide a flat rebate of INR 12,500 to the entire 1.92 crore individual tax payers. Adding up the education cess and higher education cess to this savings, the gross savings for most of the tax payers…
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These are the major highlights of the Union Budget presented by Finance Minister, Shri Arun Jaitley in Parliament today, for the financial year 2017 – 2018. General Proposals: 1. FM. Mr. Aurn Jaitley raises to present the Union Budget at 11.08 a.m. after the condolence message over the death of Parliamentarian Mr. E Ahamed yesterday. 2. No sitting of the Parliament tomorrow as a mark of respect to the departed Soul.
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Trivandrum: Industry representatives across various sectors in Kerala have welcomed the Union Budget presented by Finance Minister, Shri Arun Jaitley in Parliament today, and termed it as positive with lot of opportunities for the State.
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These are the major highlights of the Union Budget presented by Finance Minister, Shri Arun Jaitley in Parliament today, for the financial year 2016 – 2017. General provisions: 1. Foreign Exchange reserve at 350 Bn USD is the highest in 3 years. 2. Plan Expenditure increased instead of the normal practice of reducing it. 3. CPI inflation has come down to 5.4%. 4. Indian GDP has accelerated to 7.6% now. 5. FY 16 Current account deficit at 1.4% of the GDP.
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