ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this
  • Samsung Galaxy Z Fold 4, Galaxy Z Flip 4 price in India revealed - Pre-booking, offers and specifications
  • Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated
  • Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India
  • From Rakesh Jhunjhunwala's portfolio: 5 Tata Group stocks that made him ace investor
Read in App
Business News » Union Budget News

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

Budget 2017 will be based on five key themes right from reviving the capex cycle, rural economy to creating jobs. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017
Narendra Modi, Prime Minister, Government of India. Image Source: Reuters

As the government prepares to present its Union Budget 2017-18, Yes Bank expects its FY18 fiscal deficit target to be less aggressive at 3.3% of gross domestic product (GDP) as against the 3.0% fiscal roadmap. 

The Government of India will present its Union Budget 2017-18 on February 1 as against the traditional practice of presenting it on February 28. 

Yes Bank in its latest 'Yes Ecologue' report said the budget will focus on reviving the twin engines of domestic growth – consumption and capex, against the backdrop of weak external demand.

According to the Yes Bank, FY17 fiscal deficit target of 3.5% of GDP is expected to be met with robust tax revenues, IDS balancing-out disinvestment and spectrum proceeds shortfall and additional payout for 7th Pay Commission. 

ALSO READ: Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Here are five key themes that Yes Bank expect the Budget 2017 to focus on: 

1. Reviving the capex cycle:
The budget will be focusing on reviving capital expenditure through on and off budget capital expenditure. Crowding-in of private sector capex remains critical for a full-fledged capex recovery as the private corporate sector and households account for almost 80% of investment.

2. Rural economy – increasing income and productive capacity:
Measures to enhance farmer incomes by incentivising movement towards high value added agri segments such as horticulture, food processing etc. Leveraging the Mahatma Gandhi National Rural Employment Gurantee Act (MNREGA) platform to build rural infrastructure and increase employment among the most deprived rural households. 

3. Consumption – increasing disposable income:
Supporting consumption post the demonetisation drive through expansion of disposable income via reduction in tax rates and /or rise in exemptions.   

4. Expanding the tax base and moving towards a ‘less cash’ economy:
With only 1% of the population paying tax in FY15, improving tax compliance and widening of tax base is likely to be addressed through implementation of GST and movement towards a ‘less cash’ economy. The latter could get promoted via incentivising digital transactions, digital literacy and measures to discourage cash transactions. 

5. Creating jobs and skill development: 
India will be adding 118 million people in its working age population over the next ten years. Creating jobs and skill development will be instrumental in unlocking the demographic dividend. The budget is expected to focus on incentivising employment generation in sectors with high labour elasticity such as construction, manufacturing, and select services.

ALSO READ: Budget 2017: Industry, experts want corporate tax slashed to 25%

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Budget 2017Economyreviving consumptioncreating jobsmodi budget 2017pre budget 2017Pre Budget Newspre budget expectations5 key themesNarendra Modiunion budget 2017-18Yes Bankfiscal deficit targetGDPGross Domestic ProductGovernment of IndiaConsumptionCapex7th Pay commissionspectrum proceedstax revenuesreviving capex cycleCapital ExpenditureRural Economyincreasing incomeproductive capacityMahatma Gandhi National Rural Employment Gurantee ActMNREGAfarmer incomesemploymentincreasing disposable incomeTax RatesTax ExemptionDemonetisationlesscash economydisposable incometax baseTaxGSTDigital transactionsdigital literacyCash transactionsCreating jobs and skill development
Written By: ZeeBiz WebTeam
Updated: Fri, Jan 27, 2017
04:26 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Budget 2017: Govt should announce policies to support sectors with immense job growth potential, says Crisil Budget 2017: Govt should announce policies to support sectors with immense job growth potential, says Crisil
Budget 2017: Govt may cut excise duty on petrol Budget 2017: Govt may cut excise duty on petrol
Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough
Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18 Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18
Budget 2017: Realty expects increase in tax deduction limit on home loans, clarity on GST tax rate, others Budget 2017: Realty expects increase in tax deduction limit on home loans, clarity on GST tax rate, others

LATEST NEWS

Market extends rally to 6th day amid easing of WPI inflation; Nifty above 17,800, Sensex gains around 400 points

Bharat Forge, Page Industries and Bata India shares: Buy, Sell or Hold—What should investors do?

Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India

NEET Answer Key 2022 to be released on neet.nta.nic.in: Steps to download from direct link

India vs Zimbabwe tour 2022 announced: Here is full schedule, squad and matches

Stocks to buy today: Sun Pharma, Jai Corp, Max India and JSPL among list of 20 stocks for profitable trade on August 16

EPFO Forms list: settlement/withdrawal, pension, transfer or nomination – 5 types of forms for different needs

Milk price today: Amul hikes rates again in these states; check how much more you will have to pay now

ONGC dividend record date 2022 for 65% payment per share price FIXED - Key details

Multibagger stock: This packaging company shares held by celebrity investor couple jumped over 117% in 2022 – Details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV