Tag Archives: budget 2017

Microfinance Industry Upset with NO Waiver of Service Charges in Budget


The Budget 2017 has received a mixed reaction from the microfinance industry that was worst-hit due to demonetisation. Though the budget was mainly rural-centric with several schemes and infrastructure for the villages, it has failed to address the long-standing demand to waive off the service charges for the MFIs as they serve the bottom of the pyramid and poor borrowers, said ...

Read More »

Budget 2017 Unveils Several Other Tax Incentives

Presenting the General Budget 2017-18 in Parliament today, the Union Minister for Finance and Corporate Affairs, Mr Arun Jaitley said that the income tax for smaller companies with annual turnover upto Rs. 50 crore is reduced to 25% in order to make MSME companies migrate to company format. As per data of Assessment Year 2015-16, there are 6.94 lakh companies ...

Read More »

Budget 2017-18: Different in Style, Progressive in Spirit

Budget 2017-18, presented by Finance Minister Arun Jaitley on Wednesday has three significant changes embedded in it but the significant change above all these cosmetic features is the progressive improvement in spirit. First, presentation of Budget advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year. Secondly, merger of Railways Budget ...

Read More »

Tribal Welfare Get 10% More Than Last Year

Allocation for the Ministry of Tribal Affairs has gone up by more than 10 per cent in the Union Budget presented in Parliament on Wednesday, significant since the pro-welfare tone was not associated with the current NDA government. The budget allocation for the Ministry of Tribal Affairs has gone up from Rs.4,827 crore in the year 2016-17 to Rs.5,329 crore ...

Read More »