Sunday, 25 February, 2018


India's fiscal deficit overshoots budgeted estimate by 113.6% in Dec

ICC President Shashwat Goenka industrialists Anurag Singhi Arun Laddha Rudra Chatterjee Roopen Roy and Rajeev Singh watch a live telecast of Union Budget 2018-19 session in Kolkata on Thursday | PTI India's fiscal deficit overshoots budgeted estimate by 113.6% in Dec
Bennie Garza | 01 February, 2018, 23:16

While it has traditionally not been counted as part of the defence budget, the pension's bill for the armed forces this year (at Rs 1.08 lakh crore) is a sharp 26 per cent rise compared to the last allocation.

Given the increased buoyancy in direct tax collections and the increase in tax base, imposition of LTCG and increased cess (brings in Rs.11000 cr) coupled with GST regime settling down (expected to bring in Rs.7.4 lakh cr in 18-19) and a feasible disinvestment target of Rs.80000 cr, chances of fiscal slippage for 2018-19 would be low.

In fact "Khelo India" constitutes 23.67 percent of the total sports budget this year.

India has upwardly revised its fiscal deficit target to 3.5 percent of gross domestic product (GDP) for the 2017/18 fiscal year, Finance Minister Arun Jaitley told parliament earlier while unveiling the federal budget for the next fiscal year.

The total receipts - from revenue and non-debt capital - during the fiscal's first nine months were Rs 10.78 lakh crore, or 67.4 per cent of the estimates for the current year.

A Defence Ministry statement said the Defence Budget accounts for 12.10 per cent of the total central government expenditure for 2018-19, which is Rs 24,42,213 crore.

"A number of initiatives have been taken to develop and nurture intrinsic defence production capability to make the Nation self-reliant for meeting our defence needs". However, in the medium term this figure is estimated to taper to 1.3 per cent and 1.2 per cent in 2019-20 and 2020-21 respectively, it said.

He said that the development of border infrastructure is a priority, and announced that a new tunnel will be build under the Sela Pass in Arunachal Pradesh, in an area that China claims as its territory.

Later in the day, the defence ministry clarified that the first defence industrial corridor will be built starting at Tamil Nadu, linking Chennai and Bengaluru and announcement for the second corridor will be made soon. Last year, the strategic partnership (SP) model was included in the Defence Procurement Procedure (DPP) with an intention to give a suitable platform to defence manufacturing in the country. And capital budget for the new space programme has jumped to Rs. 5,287 crore in comparison with 4,155 crore past year. Much would depend on how the expenditure side pans out in a pre-election year with stress on increase in farm income and a guaranteed 150% Minimum Support Price above production costs for agricultural produce.

The National Sports Development Fund's (NSDF) allocation remained static at Rs 2 crore while contribution to World Anti-Doping Agency (WADA) remains at Rs 1 crore.

Recommended

...
  • Analyst Research and Recommendations: NVIDIA Corporation (NVDA), Red Rock Resorts, Inc. (RRR)

    Analyst Research and Recommendations: NVIDIA Corporation (NVDA), Red Rock Resorts, Inc. (RRR)

    It improved, as 45 investors sold NVDA shares while 282 reduced holdings. 46 funds opened positions while 90 raised stakes. The stock of Marriott International, Inc. (NYSE:CRM) has "Buy" rating given on Monday, August 21 by Canaccord Genuity.

    Regal Entertainment Group - Buy, Sell or Hold?

    The firm earned "Outperform" rating on Friday, April 7 by Wedbush. 25,874 were reported by Martingale Asset Mngmt L P. Finally, Atria Investments LLC grew its stake in shares of Regal Entertainment Group by 29.7% in the fourth quarter.

    After Reaching Milestone, Is Sabra Healthcare Reit Incorporated (NASDAQ:SBRA)'s Short Interest Revealing Something?

    Manufacturers Life Insurance Company The acquired 308,761 shares as Sabra Health Care Reit Inc (SBRA)'s stock declined 4.90%. It improved, as 14 investors sold ODFL shares while 110 reduced holdings. 79 funds opened positions while 243 raised stakes.
  • How Technology Has Completely Changed the Way We Spend Money

    How Technology Has Completely Changed the Way We Spend Money

    The Rise of Mobile Payments Over the last few years, all of the major mobile innovators have stepped into the mobile payment game. As of 2016, Apple Pay had 12 million monthly users , a figure which is sure to rise substantially in the coming months and years.
    Todd Rogers disgraced as world record Dragster score is discredited

    Todd Rogers disgraced as world record Dragster score is discredited

    A number of other players have used empirical evidence to confirm a time of 5.51 is impossible. A high score on a video game? Rogers could not be reached for comment Monday.

    Latest News on the Global Online Gaming Industry

    The company is showing signs of making a comeback, as competitors are forced to merge and consolidate in order to survive. The industry can be broken down further between mobile gambling and desktop gambling (which includes laptops and PCs).
  • It is an all-friendly budget: Modi

    It is an all-friendly budget: Modi

    Jaitley spoke at length in the meet about the aspects of the budget, saying it would pave ways for employment for the poor. "This Budget is farmer friendly, common citizen friendly, business environment friendly and development friendly".
    Joe Manchin Resurfaces: 'I'm Not Voting For The Wall'

    Joe Manchin Resurfaces: 'I'm Not Voting For The Wall'

    "I'm disappointed in his comments but will continue to work to make Washington work so West Virginia and our country work". Shelley Moore Capito, R-W.Va., will join Pence, according to an advisory from the vice president's office.

    JB Hunt Transport Services (JBHT) Earns Market Perform Rating from Cowen

    This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. Hunt Transport Services during the 3rd quarter valued at approximately $211,000. (NASDAQ: JBHT)'s shares outstanding are 109.75.
  • How to learn English with the news

    Your main purpose is to master or improve your language skills, so it is not so big deal if you listen to or read something fake. How to learn English through the news It is undeniable that the news is a great source of the words that are used everywhere.

    Mckesson Corp (MCK) Stake Maintained by Deerfield Management Company

    BidaskClub downgraded McKesson Corporation from a "hold" rating to a "sell" rating in a research report on Wednesday, August 9th. Always volatility measures make charm for active trader; price volatility of stock was 2.34% for a week and 2.29% for a month.
    UDAN to connect 56 unserved airports, says Jaitley

    UDAN to connect 56 unserved airports, says Jaitley

    A total of 24 new government medical colleges have also been announced as part of the new initiative for health by the government. The government expects to spend 1.38 trillion rupees in these areas, up from the 1.22 trillion rupees estimated for 2017-18.

List of the Best Fitness Trackers for 2018 List of the Best Fitness Trackers for 2018 Although it is a bit expensive, it makes your experience really enjoyable by giving you access to music and also GPS navigation. Huawei Band 2 Pro is one of the best low-budget devices that offers you all the functions you need for under 60 Euros.

Everything You Wanted to Know About Super Nintendo Classic Mini Everything You Wanted to Know About Super Nintendo Classic Mini In the autumn of 2016, the news about the re-release of the 8-bit NES console resounded in the world of the gaming industry. The console can be placed in the palm of your hand, which is very convenient for its storing and carrying around.

Hot Tickers: Salesforce.com, inc. (CRM), Analog Devices, Inc. (ADI) The company has a market capitalization of $33,840.00, a price-to-earnings ratio of 46.41, a PEG ratio of 1.74 and a beta of 1.29. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09.

Ugandans pay tribute to musician Mowzey Radio Ugandans pay tribute to musician Mowzey Radio Radio has died at the age of 34 and will be remembered as someone who left a mark in Uganda's music industry at a very early age. Ugandan musician Moses Ssekibogo , alias Mowzey Radio of the Goodlyfe Crew during his hay days.

Tom Brady on gloved hand: 'It's getting better' Tom Brady on gloved hand: 'It's getting better' New England Patriots quarterback Tom Brady , 40, admits he is not certain of his playing future as "things can change quickly". The radio station called Reimer's on-air remarks "mean-spirited" and "indefensible" in a statement released on Monday. "Mr.

Occidental Petroleum (NYSE:OXY) PT Set at $79.00 by Mizuho Over the past three months, Occidental Petroleum Corporation insiders have been net buyers, dumping a net of 0 shares. Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 1 Sell and 16 Hold.

Neuroscientists Found Anxiety Cells in Mouse Brains Neuroscientists Found Anxiety Cells in Mouse Brains But there is more than just anxiety happening in these cells, and there might be an extended network working. Scientists have found specialized brain cells in mice that appear to control anxiety levels.

Dupont Capital Management Corp Boosts Position in Vertex Pharmaceuticals Incorporated (VRTX) Following the transaction, the chief marketing officer now directly owns 56,220 shares in the company, valued at $8,135,596.20. Royal Bank of Canada reissued a "buy" rating on shares of Vertex Pharmaceuticals in a research note on Friday, October 27th.

Don't Fumble: Superbowl Drunk Drivers Will Be Saturated by Bayshore Area Police Don't Fumble: Superbowl Drunk Drivers Will Be Saturated by Bayshore Area Police Those can include DUI, speeding, distracted driving and seat belt violations. "If you drive impaired, expect to be pulled over". Drunk driving can be deadly, and even small amounts of alcohol can impair judgement to make driving unsafe.

It's Official! Solo Trailer Coming to Good Morning America! It's Official! Solo Trailer Coming to Good Morning America! The lack of promotion thus far for Solo has been cause for some concern among fans, given the movie's troubled production history. Solo: A Star Wars Story is an origin story about Han Solo , starring Alden Ehrenreich in the title role.

Amazon patents hand tracking wristbands for its workers Amazon patents hand tracking wristbands for its workers The wristbands also feature an ultrasonic unit that's used to track where the worker is in relation to any particular inventory bin.

Kylie Jenner and Kourtney Kardashian: Bonding over pregnancy, babies People reported that Kylie is putting the finishing touches on the nursery and that it is (spoiler alert), "Pink, pink, pink!" "She thinks Kourtney is an wonderful hands-on mom, and that's how she wants to be".

Union Budget 2018 sees not much change for Auto Industry Union Budget 2018 sees not much change for Auto Industry To rectify this, the Budget proposes a standard deduction of Rs 40,000 against transport and medical allowances for the salaried. Rs. 5 lakh will be provided to each family as a reimbursement under the National health Protection Scheme.

A Groundbreaking Football News: How do Footballers And Dementia Relate? Finally, I think we can hope that the experts would look into the matter in a cautious way in the near future. As per Shearer’s words ‘At least now people have started to look for answers’.

The Early 2018 World Series Favorites The Early 2018 World Series Favorites People expected this young Yankees team (which still has more significant talent on the way from AAA) to start competing in 2018. Taking into account a few articles and odds listings that are already out there, here’s our look at the top contenders. 1.