Budget disappointing for the Labour - Press Statement Bhartiya Mazdoor Sangh (BMS) Ref-BMS/D-20/37/2018 Dated-01-02-2018 Press statement issued by Sri Virjesh Upadhyay , General Secretary, BMS on 1st February 2018. Budget disappointing for the Labour - BMS to hold countrywide demonstrations on 2nd February Even though today’s budget for the first time has given more thrust to rural development, agriculture, health, infrastructure etc., it has totally neglected the woes of labour. Anganwadi workers, ASHA karmis and other scheme workers who belong to the poorest paid workers appointed under the Central Government have nothing as relief in the budget. Middle class employees are unhappy with no increase in their ceiling for tax exemption; at the same time the cess on income tax is increased from 3% to 4%. This was done at a time when the budget claimes 41% increase in the tax payers’ net. Moreover the Government treasury has been hugely benefitted by the new GST regime, demonetization and ...

HIGHLIGHTS OF BUDGET 2018-2019 PRESS INFORMATION BUREAU GOVERNMENT OF INDIA HIGHLIGHTS OF BUDGET 2018-19 New Delhi, 01th February, 2018 Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors Government says, a series of structural reforms will propel India among the fastest growing economies of the world. Country firmly on course to achieve over 8 % growth as manufacturing, services and exports back on good growth path. MSP for all unannounced kharif crops will be one and half times of their production cost like majority of rabi crops: Institutional Farm Credit raised to 11 lakh crore in 2018-19 from 8.5 lakh crore in 2014-15. 22,000 rural haats to be developed and upgraded into Gramin Agricultural Markets to protect the interests of 86% small and marginal farmers. "Operation Greens" launched to address price fluctua...

Budget 2018 – Will income tax limit raise to Rs 3 or 5 lakh? “The tax slab is expected to be raised in favour of government employees” According to information available, the annual budget, to be presented by Finance Minister Arun Jaitley on February 1, could have some sops for the middle-class families. Post the Seventh Pay Commission, most government servants now find themselves within the tax slab. For a number of years now, government servants have been demanding that the tax-exemption slab be raised to Rs. 5 lakhs. The current exemption stands at Rs. 2.5 lakhs. There is a five percent tax on the income in the Rs. 2.5 lakhs to 5 lakhs bracket. There are prevalent talks that the government could revise the slabs. This could come as a big boon for middle income groups, especially the salaried class who are suffering due to acute inflation. No changes were made in the tax slab last year, but the tax of 10 percent on the Rs. 2.5 lakhs to 5 lakhs slab was brought down to five percent. T...