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22 January, 2018 4:26 PM Budget 2018: Will allocation for tourism increase?

Budget 2018: Will allocation for tourism increase? 10 million foreign tourist arrivals, that's the milestone India achieved in 2017. It is by no means a small feat, but it's less than half the 22 million Indians who travel abroad every year. The tourism industry says, this number and India's ranking in global tourism, can easily be pushed higher, provided 20

22 January, 2018 12:26 PM Berlusconi backs EU rules on deficits ahead of election

Former Italian prime minister Silvio Berlusconi said on Monday that his Forza Italia (Go Italy) party would seek to ensure that Italy respected the EU's limit on budget deficits if it was elected to power. The EU limits public sector deficits to 3% of GDP. Italy's budget deficit came in at 2.5% of gross domestic product in 2016 and was below that level 19

22 January, 2018 4:04 AM Union Budget 2018: ​India ready for universal basic income, govt should implement it over 2 years, says Former RBI Governor Bimal Jalan

With only a week left for the Union Budget, former Reserve Bank of India (RBI) governor Bimal Jalan has said that India is ready for Universal Basic Income, an idea that was first proposed in Economic Survey two years ago. “Basic income, in its essence, has to be above the poverty line. It surely is a good idea. I think the economy is ready for it. It can be implemented 33

21 January, 2018 12:43 PM Arun Jaitley likely to address SEBI, RBI boards on February 10

Finance Minister Arun Jaitley is likely to address the boards of markets regulator Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) on February 10, a senior official said. Soon after the presentation of Union Budget, it is a customary practice for the finance minister to address the boards of the SEBI and the RBI. The Budget 42

21 January, 2018 12:26 PM France withdraws Paris bid for 2025 World Expo

France’s prime minister Edouard Philippe has decided to withdraw Paris’s candidacy to host the 2025 World Expo. In comments published Sunday by weekly newspaper Le Journal du Dimanche, Philippe said he has doubts about the economic viability of the project and fear unexpected additional expenses in the context of public budget cuts. The remaining candidates 40

21 January, 2018 4:31 AM Government Must Rationalise Corporate Taxes

We are looking forward to the Union Budget 2018. As entrepreneurs, we have dual expectations from the government. Firstly, we want that government should support the entrepreneurial initiatives and secondly we want a favorable tax regime. The massive changes in the economy in the last few years like demonetisation (which happened on November 8, 2016) and GST implementation 27

20 January, 2018 11:36 PM Post-Shutdown, Uncertainty Hangs Over Trump Davos Trip

Washington: US President Donald Trump's participation at the World Economic Forum in Davos, Switzerland next week could be thrown into question now that the federal government has partially shut down over budget wrangling, the White House said Saturday. "We are taking Davos... on a day by day basis," White House budget director Mick Mulvaney told journalists 37

20 January, 2018 8:53 AM Balancing growth & deficit: What can Budget 2018 do to boost agriculture?

While Budgets, at one level, are just statements of income and expenses, in India, the Budget speech is also the government’s statement of policies and intent and with FY19 being the last year of the National Democratic Alliance (NDA) government’s term and with a rather strong rejection by some voters in rural districts in Gujarat, the Budget 2018 is expected 30

20 January, 2018 5:41 AM Trump can travel to Davos even if government shuts down: official

US President Donald Trump can still travel to the World Economic Forum at Davos, Switzerland next week even if the government shuts down due to a budget impasse, a senior administration official has said. While hundreds of thousands of federal government employees will be furloughed if budget talks in Congress fail Friday, Trump will have all the staff 37

18 January, 2018 5:25 PM Budget 2018: What UK companies want from the Finance Minister

The Union Budget is just around the corner and CNBC-TV18 has been speaking to representatives from various sectors to gauge their expectations from the Finance Minister this time around. Today we will be focussing on the Budget wish list of British companies operating in India. The Confederation of British Industry in association with the UKIBC surveyed 20