TaxTMI 
TaxTMI 
Digital economy budget - New Era Budget
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....igital economy budget - New Era Budget<br>By: - CSSwati Rawat<br>Budget - Tax Proposals<br>Dated:- 1-2-2017<br><br>FINANCIAL SECTOR: * Foreign Investment Promotion Board (FIPB) to be abolished * Commodities market: Panel to study legal framework for spot and derivative markets * Resolution mechanism for financial firms * Cyber-security: Computer emergency response team to be set up * Li....
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....sting of PSEs will foster public accountability; revised mechanism for time-bound listing * To create integrated public sector oil major * New ETF to be launched * Pradhan Mantri Mudra Yojana: Lending target at ₹ 2.44 trillion * Stand-up India scheme: over 16,000 new enterprises have been set up DIGITAL ECONOMY: * Govt to launch two new schemes to promote BHIM app, including cashb....
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....ack scheme for merchants * Aadhaar Pay to be launched for people who don't have mobile phones * Focus on rural and semi-urban areas * To strengthen financial inclusion fund * Panel on digital payments has recommended structural reforms * To create payment regulatory board at RBI PUBLIC SERVICES: * To use head post-office for passport services * Defence: centralized defence travel sy....
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....stem developed * Defence: Centralized pension distribution system to be established * Govt recruitment: To introduce two-tier exam system * Govt looks to introduce laws to confiscate assets of economic defaulters * High-level panel chaired by PM to commemorate Mahatma Gandhi's 150th birth anniversary FISCAL MANAGEMENT: * Total budget expenditure: ₹ 21 trillion * ₹ 3,000 cr....
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....ore to implement various budget announcements * Defence expenditure excluding pensions: ₹ 2.74 trillion * Consolidated outcome budget for all ministries being created * Fiscal deficit for FY18 pegged at 3.2% of GDP * Revenue deficit for FY18 at 1.9%<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....