https://www.taxtmi.com/news?id=17358 The Budget 2017 18 advances a TEC India agenda combining expanded capital and social spending with fiscal prudence (fiscal deficit pegged at 3.2% of GDP), merger of the Railways Budget into the Union Budget, implementation of GST and measures to formalise the economy through demonetisation and digital payments. It announces tax reforms including lowered personal rates for middle incomes, reduced company tax for smaller firms, changes in capital gains treatment, anti avoidance and compliance enhancements, bank recapitalisation and a financial firm resolution framework, alongside substantial allocations for agriculture, rural development, infrastructure and skills. en-us Wed, 01 Feb 2017 13:33:44 +0530 Wed, 11 Feb 2026 15:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17358 The Budget 2017 18 advances a TEC India agenda combining expanded capital and social spending with fiscal prudence (fiscal deficit pegged at 3.2% of GDP), merger of the Railways Budget into the Union Budget, implementation of GST and measures to formalise the economy through demonetisation and digital payments. It announces tax reforms including lowered personal rates for middle incomes, reduced company tax for smaller firms, changes in capital gains treatment, anti avoidance and compliance enhancements, bank recapitalisation and a financial firm resolution framework, alongside substantial allocations for agriculture, rural development, infrastructure and skills. News - Wed, 01 Feb 2017 13:33:44 +0530 https://www.taxtmi.com/news?id=17358