Print Friendly, PDF & Email

The budget 2018 may have effect as under on the following sectors:

FMCG in 2018 Budget – Rise in total budgetary apportion towards rural & MNREGA will too be an important factor to see. We predict a major hike in allocation. 2 years back the govt. had release a scheme to twice rural income in the succeeding five years. Explanation on how they invest to make that with the amended time schedule, if modified, would be applauded. Alteration in personal income tax slabs or income tax rates would be monitoring out for as it has the capable to heighten usage. Any timeline on the quoted fall in Corporate Income tax rate to 25% will be surely watched out for as large consumer organizations are in the peak tax bracket. With the big rise in cigarettes GST from previous proposed stages it would be keen if the budget remains stringent policy over cigarette usage or has a breather.

Oil and Gas in Union Budget 2018 – Subsidy on LPG/kerosene amounts to Rs. 90 billion for H1 FY18. Bigger crude oil rates are forecasted to progress in INR 470 billion under-recoveries in Financial Year 2019. Government is picking to provide clarity on what ration of these are they anticipated to give for. India needs to hike gas penetration. Perceding year, customs on LNG was decreased to 2.5%. Upstream firms have been demanding for lessening cess. Less probability of this one occurring though. The government had risen excise duty on automobile fuels while oil prices fell. But excise increase have not been turned back.

Capital good and infrastructure sector in 2018 Budget – Bigger allocation for infrastructure fields such as Surface Roads, Railways, Housing & Urban Growth. Rail capex stood at INR 1.46 trillion in FY 19 versus INR 1.31 trillion in FY18 whereas the road ministry is forecasting for a 10-12% hike budgetary allocation from the FM. Higher allocation to big programmes of the Union Government like Pradhan Mantri Awas Yojna for urban & rural housing, Electrification schemes of IPDS & DDUGJY, AMRUT & Smart Cities, Namami Gange, Metro, & MRTS projects.

Real Estate in budget 2018 may have Single Window clearances for each and every approvals. Plus tax incentives for 1st time home buyers. Decrease in GST rate by hiking the ambit of GST.

Metal Sector in UB 2018 will drive Push for utilization of indigenous products, motiving Make-in-India. Increase spending on infra project comprising housing for all & roads.

Power Sector find increase allocation on ‘Power for All’ schemes such as IPDS, and DDUGJY. New Policies to bring in e-vehicles.

Leave a Reply

Your email address will not be published. Required fields are marked *