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Economy

Union Budget 2017-18: The Capitalmind Coverage

Budget2017_Header-Image.png

Union Budget 2017-18: The Capitalmind Coverage

Union Budget 2017-18

Kuch to phool khilaye humne, aur kuch phool khilane hai
Mushkil yeh hai bag me ab tak, kaante kai purane hai

Budget 2017-18 will be here soon (1 Feb 2017) and Capitalmind will, as usual, cover it extensively.
The Budget tells us the past direction of the economy and where we hope it will go in the next 365 days. This year, the Finance Minister Mr. Arun Jaitley citing state elections has moved it back by a month. (Up to last year the Union Budget took place on the last working day of the month of February, and this year the event has been scheduled for the 1st February, 2017).
In continuation of our tradition of covering the past 10 Union Budget sessions (you can catch all our previous editions here: 2007, 2008, 2010, 2011, 2012, 2013, 2014, 2015, and 2016.
Here is the broad coverage of Budget 2016 (a quick glance back) or you can download our free e-book Budgetonomics here.

Pre Budget Wish List

Live Streamed Budget and Dissection of the Text

What we think will happen in next year’s Budget? This is what we think the theme would be around lot many things including now that the government has just passed the litmus test of Demon-Monetization.

Hawaon se keh do apni aukaad mein rahe
Hum pairo se nahi hoslo se uda karte hain

We cover the budget in different ways, by looking largely at data. A few things that will impact the budget, and the expectations:

  1. India Inc. expects corporate taxes to be lowered. That was the promise in 2014. We have seen major tax increases since then. That’s a very different direction from what was promised. What’s to come of it?
  2. The demonetization of November has put people into immense hardship and they believe that now, they will be rewarded with personal tax cuts. Is that going to happen?
  3. GST will be in by the end of the year, so we may not see endless tweaks of excise duty or service taxes. However, customs duty is out of the ambit of GST so expect some tinkering there.
  4. Will the government spend more on everything? They should have a windfall after demonetization, what with all those income tax raids and data now?
  5. The rail budget is “fused” with the Union budget. The railways minister had suggested a spend of Rs. 100,000 per year to upgrade the railways, last year. Will that come about?
  6. Will they change the laws of indirect transfer (the Vodafone tax), Long term Capital Gains taxes? Will they introduce an inheritance tax?
  7. Oh, and so much more.

At the end of it all, there will be a book for purchase. Free for Premium members, of course.
Tell us what you’d like us to cover!