Highlights of Budget 2020 in India

In This post we are sharing the highlights of the Budget 2020 in India

Nirmala Sitaraman had presented the Union Budget 2020 on 1st Feb in Parliament

We will shortly update all information about Budget 2020


This post is scheduled to be published in the future.

It should not be displayed by the theme.

Guru Prasadam Medicine Franchise in India

Benefits of Guruprasadam Ayurvedic Products

Almost all health problems stem from one or all of these disordered processes. The combination of herbs in Guru Prasadam re-balances the processes. Bodily purification, via detoxification, begins from day one. The healing herbs in Guru Prasadam start correcting the dysfunctions that were built up over time due to an imbalanced lifestyle, including bad diet and stress. Healing is stimulated in the very first dose. With repeated consumption of Guru Prasadam, the body is better able to fight against all health issues, big and small. The immune system, as well as the other systems of the body, function better, yielding many health benefits.

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Amazon great Indian Sale

Different Business Apply different Business Policy to grow their Business. Flipkart and Amazon apply the heavy discount on Independence Month to grow it.

Independence Day is always the time for companies to make more sales. They are providing more and more offers to customers.

Like every year this year too Amazon Great Indian Sale and Flipkart Freedom Sale are on from 9th of August.

Amazon Great Indian Sale discounts

Here we are discussing Amazon Sales offers.  Amazon is proving Huge Discounts on their Product range and the best part is Discount over the Discount.

Amazon Great Indian Sale

You will get Extra 15% off if you paid through Sbi Credit or Debit Card on APP. On Web, it is 10 Percent

This Discount is on over and above the existing discount on Amazon great India Sale.

Amazon Sales offers the discount on every range.

I am mentioning the Little Idea Below and more you can get by Clicking Below

Amazon Mobile and Accessories Discount:

CLICK Below for the Discounts

Up to 40 % Discount on the Mobile and Up to 60% on the Mobile Accessories and Power Banks.

If you are planning to change your mobile phone in near future then Amazon great Indian sale is the best time to Purchase. It’s always good to have a product on Discount. Also look out for the power banks and Mobile accessories

I really like this time to make a purchase and really waiting for the Time when I can make purchases. I also recommend the same to all my Business Batao Team

Not only on the Mobile but there is the discount in Amazon great Indian sale in almost all the range.

Get Up to 70% off on Fashion during Amazon Great Indian Sale Period. There are Brands Like Adidas, Puma, Titan, Giny and jony and many No 1 Brands.

some facts about GST applicability in India

compare gst rates with vatGST—the Final Rollout

Some facts about GST applicability in India

On The Midnight of 30th June 2017, President Sh. Pranav Mukherjee and Prime minister sh Narendra Modi ring the Bell of GST. The historic Central Hall of Parliament is the Witness of this Tax revolution

Welcome to the New India of GST. Goods and service tax is applicable to all eligible Tax Payers.

Nation is still involved in the advantages and disadvantages of GST. The government had done his work.

GST starts with the five slab of rates of tax.


Now the time is to Learn it, accept it

“Tell me and I forget. Teach me and I remember. Involve me and I learn.”

  • Benjamin Franklin

This is very much true. The more you are involved in something the more you are interested in it. Someone tells you and go away.

After few days it is destined that you will forget. But if someone teaches you something it lasts in your memory for a longer duration. But if the person is involved in an activity then he gets to learn.

After demonetization, GST will be next step of government which involves entire nation. The entire nation will be playing their role. They will get to learn about GST. The entire nation is and will be involved in learning the importance of tax.

This will be compilation of different forms of direct and indirect taxes. So if anyone poses a question in front of a teen then they will easily answer it. Some of the products might face a sharp drop in rates while others might face price hike after GST being implemented on 1st July. GST is considered very much important.

As one day away from GST implementation. Implementation of GST is expected to be a great step.  This GST will bind entire India under a single tax unit. Rates of GST in India

GST is considered India’s biggest tax reformation since India’s independence. It will rollout from 1st July 2017. The historic Central Hall of Parliament will be hosting a midnight session on 30th June in order to launch the new tax regime.

It was introduced as the Constitution (One Hundred and Twenty Second Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill.

GST is touted as a single way to revolutionize India’s indirect tax regime by being a more efficient system.

Some Facts about Gst applicability in India on Employment

This GST will not only bind entire nation under one tax but it is also expected in generating employment.


There is a buzz that this GST might require a good number of people for proper functioning. It is expected to generate around 1 lakh employment. Companies are hiring to meet the required demand.

ASPs—GST has resulted in a number of entities. One such an entity is “Applicatio


n Service Providers” or ASPs. This will use selling and purchasing of data from taxpayers and converting them into GST returns for online filing.

Some facts about GST applicability in India


Another such entity is GSPs, GST Service Provider. This is also one such entity. This will help businesses in getting registered, and perform necessary work associated with technological work.

For helping out public with GST work companies are becoming service providers. These will help businesses registration, uploading electronic invoices and files on the technological platform, and plans to leverage its network. These entities will help in tackling GST in a better way.

There are a good number of terms associated with GST.

We will look into some of them in details. Such as:-

Address on record is the address of the recipient as available in the records of the supplier.

Agent means a person who carries out the business of supply or receipt of goods or services on behalf of another.

Aggregate turnover is that aggregated value of all the taxable supplies, exempted supplies, exports of goods and/or services and supplies within the states of a person having the same PAN. This must be computed on all India basis and excluding taxes which are charged under CGST Act, SGST Act and IGST Act, as the situation may be.

CGST is also term which means the tax levied under the Central Goods and Services Tax Act, 2016. Appropriate Government is the Central Government in the case of IGST and CGST and the State Government in the case of SGST.

Capital goods are those goods whose value will be capitalized in the books of accounts of the person claiming the credit and are used in the course of business.

The Consumer Welfare Fund established under section 51 is the Fund.

There was a good number of questions raised related to real estate. Most of the people are inquiring regarding the prices of apartments. Real estate builders will be getting input tax credit on selling. The builders have paid the required tax in making of the building. So in this way the prices of apartments will be lowered.

It can be conclude that good and bad both can be incurred from this GST. The only thing we all need to do is keep ourselves updated and aware. So that we are not fooled in the name of GST.

Above were some facts about gst applicability in India.  for More information about gst please Visit Gst website

Comment to make more Interesting information for you.

Compare gst rates with vat

There is a huge difference between earlier and now in GST rates. we compare GST rates with Vat but it is meaningless.

Goods and service tax is consisting of 17 types of taxes and Vat is only one part of the same. I am not getting the Point why people are comparing the GST rates with the Vat and CST rates.

This is true that there will be an impact of Goods and service tax on Product and Services. Few of them will be costlier and other will be cheaper. Whenever such revolution will take place there will always be advantages and disadvantages of GST.

compare gst rates with vat

This revised GST rate is very beneficial for everyone. The discussion on the revised GST is very fruitful.

Let see the changes on it with a comparison between earlier and revised GST.

GST rates on cashew nut earlier it was 12% but now it is only 5%.

GST rates on the preparation of vegetables, fruits, nuts or other parts of plants including murabba, chutney, pickle, jam, jelly etc earlier it was 18% to 12% but now it is only 12%.

Tax rate of GST on Ketchup & Sauces, salad dressings, mustard, mayonnaise earlier it was 18% but now it is 12%.

Bari made of pulses earlier it was 18% but now it is 12%.

Tax Charges after GST on ice and snow change from 12% to 5%,


curry paste, mayonnaise, and salad dressings Tax rate changes from 28% to 18%.

All Types of Salt becomes 0% and earlier it was 5%. This is Important decision in goods and service Tax.

GST on Biogas earlier was 12% and now it is only 5%.

Exercise books and notebooks change from 18% to 12% . These are majorly used by students and offices.

GST on children’s pictures, drawing or colouring books becomes NIL and earlier it was 12%.

GST on human dressed, thinned, bleached, hair or other work earlier it was 28% but now it is NIL means 0%.

Glasses, which uses for spectacles and flint buttons changes from 18% to 12%. Now Specs will be Cheaper.

Important for You

What Are the advantages of GST

GST on semi-precious and rough stones changes from 3% to 2.5%.

GST on Aluminum foil earlier it was 28% but now it is 18%.

Air based Atta chakki or pawan chakki earlier it was 28% but now in revised GST, it is only 5%.

GST on Fixed speed diesel engines changes from 28% to 12%.

Rear tractor tires, tubes, wheel rim, and weighing machine changes from 28% to 18%.

Tax on printers other than multifunction printers GST becomes 18% to 28%.

GST on Ball bearing, parts & related accessories earlier it was 28% but now it is 18%.

GST on Transformers, industrial electronics, and static convertor’s (UPS) changes from 28% to 18%.

Recorder, CCTV, set top box for TV, computer monitor (less than17 inches), winding wires. Tax Rate was 28% now change to 18% in GST India.

GST on Walkie-talkie used by defense, police, and paramilitary forces etc. earlier it was 28% but now 12%.

Baby Carriage tax rate on GST becomes 18% from 28%.

Electrical filaments or discharge lamps earlier was 28% but now it becomes 18%.

GST on Optical Fiber, spectacles, corrective, changes 28% to 12%.

compare gst rates with vat

And in all other things also GST declining from earlier GST’s.

As we, all know goods & services tax (GST) is the main thing that influences businesses, small or large.


Also read:

Indian services GST rates with input tax credit


Indian services gst rates with input tax credit

Indian GST rates with input tax credit or without ITC on different goods and services. Get all GST rates on services with effect from 1st July. The information uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are communicated for general information and will be given effect to through gazette notifications that shall have a force of law. The Council has generally permitted the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below.

Indian  GST rates with input tax credit on goods and services…

(Input Tax Credit = ITC)

    • 5% GST with ITC of input service put on a transport of goods by rail.
    • 5% with ITC of input service, GST on the transport of passengers by rail (other than sleeper class).
    • 5% GST without ITC on service of goods transport agency in relation to transportation to goods from one place to other excluding household goods for personal use.
    • 5% GST and no ITC On the service of goods transport agency in relation to transportation of second-hand goods or household goods for personal use.Indian gst rates
    • 5% GST with ITC service of input service on transportation of goods in a vessel service provided by a person located in the non-taxable territory to the person located in a non-taxable territory.
    • 5% GST without ITC on Renting of the motorcar and if the fuel cost is bear by the service recipient then GST will apply 18%.
    • 5% GST without Input Tax Credit  on the transport of passenger by- a radio taxi and air-conditioned contract other than motorcar.
    • 5% Indian services gst rates without input tax credit of input on transportation of passenger by air in economy class.
    • 5% GST on conveying of passengers by air, with or without accompanied belongings in a regional connectivity scheme airport.
    • 12% GST on the transport of goods in containers by rail and by any other person other than Indian railways.
    • 12% Indian services gst rates with input tax credit on Renting of hotels, guesthouse, clubs, or other commercial places.

  • 12% GST with full ITC in the supply of foods/ drinks in the restaurant not having a license to serve liquor.
  • 18% GST with full ITC on the supply of food/drinks in the restaurant having the license to serve liquor.
  • 28% GST with full ITC on supply of foods/ drinks in 5-start or above
  • 28% with full ITC on service provided by a race club.
  • 28% with full ITC on gambling.
  • GST on the transfer of the right to use any goods for any purpose for cash is at the same rate of GST and compensation.
  • GST on the transfer of any right in goods or undivided share in goods will charge same rate of GST and compensation as on supply.
  • GST charged on the supply of transfer of title in goods under an agreement. Which specifies that property in goods is GST and compensation as on supply if similar goods.
  • All another service that not specified anywhere GST will be charged 18% with full ITC.

Also Read:

Compare GST rates with vat

click Here For More Information on Indian services gst rates with input tax credit 

How to keep viewers Engaged in your social media platforms?

In today’s business life social media platforms play a very important role. We all know that social media traffic can provide a wealth of traffic on your website. Facebook, Twitter, Instagram, Google Plus, and Pinterest all are highly active social media networks.

Therefore, it is very important to engage viewers with your social media platforms account. For this, you have to accelerate social media traffic growth.

 social media platforms

As a result, an importance question is stuck in mind is that how to keep viewers Active and Engaged in your social media platforms?

Now come to the point, so here is the solution. By reading this article, you are able to get more followers, likes, and fans for your social media platforms.

By joining a variety of social media platforms, you are able to attract viewers towards your service or products. However, this happens after you develops large followings.

How we develop a large number of followers in the social media platform?

These points can help to keep viewer active and engaged in your social media platforms:

  • For this, the first and foremost step is to identify goal and objective, create a plan and stick to it.
  • Try to understand your customers or viewers need.
  • Share and post unique, valuable content on your social media platforms regularly.
  • Provide benefits through social media.
  • Link your social platforms with the website and vice-versa don’t make it Spam.
  • Optimize your social media accounts, Engage with everyone, share with everyone, and consistently post at a comfort rate.
  • Use Hashtags (#), provide Q & A’s, post content that makes sense.
  • Ask clients to share and contact, and tackle customer’s complaints efficiently.
  • Always treat each social media account as an individual one.
  • Include the icons of social media networks with your website. It will make easy to share and read your posts.

So, I hope you like this blog. However, I wish it is helpful for you and through my advice, you may able to increase traffic to your website through social media platforms.

you can check Business Batao Social profiles from Home Page.

How to fill gap in skills available in college and required by organizations?

In today’s life, There is a big gap between skills available in college and skills required by organizations or industries. there is a big problem that is facing by innocent job seekers. Every organization or industry wants experienced employee. They think that experienced employee decreases the risk. However, because of this thinking, many job seekers are grooming office to office for a job but result always negative.

skills available in college and skills required by organizations

When job seeker goes for interviews that gap shown in their resume. For increase the employments it becomes very important to bridge the gap between skills available in college and skills required by organizations.

The organization wants abilities that job seeker can’t learn during graduation.

  • Technical abilities like designing, testing, configuration tools, etc.
  • Professional qualities like ethics.
  • Personal skills like communication, teamwork, etc.

These abilities only gain by physical working not theoretically. Industries search for minimum solutions that minimize their risk and it concerned with mainly cost. On the other hand, academic world struggle for maximum solutions to maximize their identification and it mainly concerned with the benefits and prestige…

Businesses looking for innovative solutions that only can do an experienced peer.

Now comes to the point… how we can bridge that gap between skills available in college and skills required by organizations so the solutions are-
  1. Provide training for fresher at the company expenses to address missing skills.
  2. Partnership with colleges can help those bridges.
  3. Motivation techniques and technology sharing with academics can bridge that gap.
  4. Talk them, and build a learning solution around the difference of fresher and experience.
  5. Advance online learning also help in that.

It is a fact that by giving training less experienced or fresher is less costly than hiring a more experienced employee.

By raising the consciousness of these areas, that gap can be minimized. Find the area where students most frequently fail to meet expectations of the organizations. Make curriculum changes and adjustments with students to address these problems.

Giving job knowledge, identification of high performers, necessary training, best practices, and assessment of what you have opposed to what you need and after that, measurement of results increases the efficiencies of fresher’s.

Reliance jio, achievements, and effects on competitors.

Reliance Jio

Now a day reliance jio become very famous about the free internet and free calling. Now jio has more than 108 million users in India and of which 72 million already switches to jio prime membership. It is good news for Mukesh Ambani.

New Jio prime members are able to carry on with unlimited data and free calling.

Nevertheless, because of reliance Jio other networks like Airtel, Vodafone, idea and other networks are day by day losing their customers.

Now a day we all are able to see a tariff war between reliance jio and other networks like Airtel, Vodafone, idea, etc… In India there is a big rush of 4G and Airtel, Vodafone, idea and other networks are fighting a brutal competition.

Effects of reliance jio on other networks:

reliance jio

The Reliance jio has completely shaken up the market for mobile networks. Because of jio, competitors are also helpless. Moreover, to exist in the market they reduce the price of mobile data. For some time they also provide free data. Airtel, Vodafone, idea, and others are introducing new plan and offer to be in the market like:

  • Airtel introduces two unlimited voice calling packs at Rs. 345 and Rs. 145.
  • Vodafone begins a plan of Rs. 297 in which they provide 4 GB of 3G with a validity of 28 days.
  • Idea starts a plan of 3GB with the validity of 28 days in just Rs. 297.
  • Now most companies has start giving 20-28 GB Internet for a month at Rate slab of 200 -350 Rupees per month. this is the biggest effect of Reliance Jio revolution.

You may be interested in  Top 10 Home Based Business 

Day by day Reliance jio made big announcements for customers. Now, reliance jio is on number 2 telecom network provider in India. Reliance Telecom also captures almost 25% market share. It has gain maximum Number of Clients in Short span of Time.

This is the very proud feeling for reliance that they achieved a position that takes over a decade to achieve it. Jio is a new and youngest network in the world. It achieves more than 108 million customers so early.

Jio does not provide 2G or 3G connectivity option. However, It is only one network of India that provides only 4G service for their customers.

It is good for normal people and reliance but bad for other networks…


How to write a business blog article without suck in writing? Some Tips and Advice

Tips and advice on writing a blog

I’m writing this to give you some tips, advice, and tricks on how to write a business blog article without suck in writing.

As we, all know that blogs are the main key to success. I also face many problems during writing. I struggled very much to write an attractive blog. However, during that struggle, I learned from it so many things that I’m going to share with you.

Tips and advice on writing a blog

Now don’t worry to write something because I’m here to help you.

So, the first and foremost thing that you have to keep in mind during writing that the heading, title, a label should be attractive. Construct a click-worthy or killer headline or title.

And think about what you want to share with your targeted audience. Make your blog easy to search, navigate. Identify what people want and how you can help them. Develop your line of attack, strategy, procedure, plan, and tactics.

Research your keyword and phrase that you are going to share through your blog creation.

Don’t forget to enjoy writing and make it creative by using friendly, pleasant, gracious, satisfying, lovely, agreeable, and enjoyable words, and sentences.

Always skip using the jargon or difficult words that can’t anyone understand easily.

Write all answers of the questions that your customers want to ask. Use your time, effort, and resources to stay connect with your customers and targeting clients. Try to give wings to your content.

Write business blog daily that can help you very much and it’s also good for your business. Don’t write big article write it around 300 to 350 words. Always keep in mind that quality is more important than quantity. It does not take too much time to read. It is also helpful in ranking and to gets more and more traffic…

Share your blogs on your social media platforms. Use an attractive image in every blog. Don’t forget to ask questions on the blog. If it’s possible to make a video about what you write than share it.

I hope you enjoy my writing. If you think my tips and advice is helpful to you so try it and write an awesome article.


Overcome With The Fear of Failure in Business by becoming the expert

How To Overcome Fear Of Failures In Business?

There are many ups and Fear of Failure in Business downs in every field of market.  People just need to keep themselves calm at the prime time to tackle the situations.  There are ways and many paths to
travel on while trying to tackle the fear of failures in our business. These are the only stages of any business which either makes a businessman or destroys them.

Top 7 Points to Overcome the Fear of failure in Business

1. Don’t be afraid to taking risk
         Always remember Business=Risk. Never get afraid of taking the calculative risk in the Business. If you have not the power to take the risk then Job id good option for you. Risk will always procure sweet results. You have so many tools and reports to calculate the risk. Having the power to take the risk will also overcome your fear of failure in Business.
 2. Never get demoralized 
              Always try to learn and gain from the challenges we go through in our business career which is the main reason for the growth in the business field as one should never stop to learn something from the life.The one who gets upset and stacked by the failure and just lose up to all the hopes never succeeds in his life.
 3. Good Analyzing Power
              The positives should be plucked out of the failures by analyzing about the condition. You can also learn by the mistakes that were being done by oneself in spite of building a negative attitude in yourself. The main thing is that a short summarized solution of what we did and what we should have done be there at the time of analyzing the condition. Analytical power is the best way to overcome the fear of Failure in the Business.
 4. Always Have good reputation in the Market

           Always make goodwill in the market. It helps you in the worst condition. You will always find someone with you at that time. Good Friends will surely help you to overcome the fear of failure in the Business.

5. Ask For Help or consultancy
            One should always try to grab up the qualities of others. So, in the case of fear of failure consult to anyone experienced who can provide some sort of ideas related to the concerned problem and it may also help an individual in getting out of the problem by exchanging of ideas with others. Sometimes this type of conversations not only solves the problem but also becomes beneficial for an individual in his future for the various challenges faced in the business and provides new sort of thinking way towards the business.
 6. Be Ready With Next Action Plan
          Whenever a business project, deal or any sort of work is under progress there are always two or more plans to tackle each and every situation as one never knows when a plan may block the way towards the destination. Instead of getting sucked in the situation always a second plan should be there to carry on the work and not
face a problem.
 7. Avoiding What would Society think?
              In many of the cases, people just loose there much of the confidence in such tough situations by thinking over the point that what will the people around us will think if we will not be able to get ourself’s out of this task. One should never focus on the talks going around as the people around us will always try to manipulate us with their thoughts if we listen to them instead of that. One should always try to do what he likes and what he wants without caring about the society.
Also read

#How to Overcome with the Fear of Failure in Business

Positive Negative of Budget 2017

Union Budget of India had introduced on 1st of April 2017 in the mid of elections in Five

There are many Points in the Budget but what are the positive and negative of Union Budget 2017.

Positive and negative of budget 2017 for Low and Middle-class People. How will it impact on the middle-class family?

That was the first time when Union and Rail Budget was announced at the same instance. Our Finance Minister Shri Arun Jaitley introduced the whole budget on 1 February 2017.  The main focus of the budget was in the agriculture sector, Demonetization and Improving Railway as well.  There are many relaxations provided related to income tax for middle-class families.
As picking up the positives from the budget for middle and lower class families-:
• Relaxation in Income Tax:
From Now onwards each individual earning b/w Rs 2.5 to 5 lakh per year will have to pay 5% tax instead of 10% due to the relaxation policy of the government in the budget.
• Train traveling will be cheaper with the step towards not charging service tax on online users those who book their tickets from IRCTC.
• ‘ Start Your Own Business‘  scheme to be extended for the next two years.
• There will be now only one-page form for the taxpayers of income up to Rs 5 lakh.
• Aiming to uplift the digitization in a country, high-speed broadband connectivity and WiFi network
will be provided in over 1 lakh gram panchayats.
• Those who are having their income above Rs.5 lakh will be benefited with an amount of Rs.12,500 in their tax.
• With the time the Indian Government has planned to provide 100% electricity in the rural areas.
• On the basis of Aadhar Card, senior citizens are to be issued with health cards.
• Two more schemes are to be launched by the government to assist the use of Bhim app which was launched by
our Honourable Prime Minister on 30 December 2016 to promote e-payments through banks.

More From the Budget 2017.

• A grant of Rs.187223 Crore is decided in the budget of 2017-18 which much more than the budget of
last year for the improvement of rural, Custom agricultural and related sectors.

• As per the FM target for each individual agricultural credit is fixed at Rs.10 lakh.
• There will be a hike in the FASAL BIMA YOJANA by 10 percent as it was 30 percent before and now it will be
in 40 percent.
• Rs.23000 crore passed in the favor of PM Awas YojaCustoms
• duty on LNG will reduce by 2.5% as it was 5% before and now it will be 2.5% which will affect its rate
as well.
• Amount of approx Rs.48000 crore has assigned for MGNREGA.
As usual there are always some negatives as well with positives. So, the decisions which went against the will of middle and lower class families are-:

Negatives of Budget 2017 

 • As a punishment, there will be up-to Rs.10,000 fine for the late filling of tax returns.
• Surcharge of 10% for the people having income b/w Rs.50 lakhs to 1 crore and those above 1 crore will
have to pay 15% as surcharge amount from their side.
• There were many issues with the charitable donations coming up so the government decided to restrict the
charitable donation from Rs.10,000 to Rs.2000.
• With the increased customs duty, rise in the prices of silver coins and medallions.
• The government restricts cash deals on the amount of and over Rs.3 lakh.
• No relaxation has been provided by the government related to the corporate tax with the exception for small and medium companies.
• Tightening up of rules for Big corporations and building MSME’s for the growth by tax relaxation.

There are many positive decisions to seen in the favour of our middle class and lower class families.

we had seen on the concept of tax relaxation, for farmers loan facilities and for rural areas MGNREGA upliftment by funds and full-time electricity plan.

Some of the decisions to make the generation aware are looking to be the harsh one like of tax late fine but in real its beneficial and the one decision on donations to charitable societies or communities is to stop the black money which is a big problem nowadays for all of us.
Also Read

Main Points of Union Budget India 2017

 For the first Time, Railway budget and Union Budget India 2017 are present together. Finance Minister Shri Arun Jaitley had declared the Budget on 1 February 2017. Many People suppose that it will be an election Budget as there are elections in Five States but there was nothing specific in that.This Union Budget India 2017 was measurably Focus on Rural Areas, Black Money, and demonetization aspects. Nevertheless, the government is abode to make the Cashless economy by limiting cash transactions.

Union Budget India 2017

The government is abode to make the Cashless economy by limiting cash transactions. Therefore,  FM says that there is a mismatch in the paying capacity and Income tax return Filing in India. Therefore, there is a need to make it simple.

Here are the Main Points of Union Budget India 2017 

1.Income Tax

  • Individual income tax:  Good News for those people whose income below to 5Lakh in a Year. Nevertheless, they now have to pay tax at 5%. There will be no Tax until the income of 3Lakh.
  • For those whose Income is above to 5lakh were benefit at  Rs12500;. There is a surcharge on income above Rs 50lakh.
  • From the Financial year 2017-18, there will be a single page  form for Income Tax up to an income of Rupees 5Lakh.
  • Corporate tax for MSME’s is also reducing to 25% for those whose annual turnover is less than 50crores.


  • Farmer’s credit is set at record Point of 10 trillion. This will make sure adequate proportion at need areas.
  • For micro-irrigation, there is a fund worth Rs 5,000crore.

3.Poor’s and women’s

  • Antyodaya Mission has been introducing for 1crore below poverty line families to bring up.
  • MGNREGA: Fund of Rupees48,000crore announced a Special focus on women participation. Highlights of Budget 2017 will be more.
  • PMGSY: Rs27000crore to spend in 17-18 along with states. New Fund of Rupees 19000 allocated.
  • PM Awas Yojana: Fund of Rs23,000crore Passed.

4.Rural areas

  • Rural livelihood: Rupees187223crore passed for the rural program and Rs 4,500crore for Livelihood.
  • There is a mission of 100 percent electricity in village by


  • Big announcement for Gujarat and Jharkhand with new AIIMS in these two states.

6.Lower cast

  •  Allocation to SCs amplified Rupees 52,393cr; STs allocated 31,920cr; minority relationships announced Rupees4,195cr.


  • Railway tracks of 3,500 kilometers to made special Tourism. Pilgrimage trains also to be launch.
  • For cleanliness in railways, all coaches to be Biometric and 500 stations to be equipped for differently able people.
  • National highways have provided Rupees 64,000crore Budget.


  • P M Mudra Yojana: Banks and Financial Institutions given goal at Rupees 2.44 trillion


  • Stand up India plan: 16,000 or more new enterprise to be set up.
  • Telecom sector: In union Budget 2017, there is Budget of 10000crores for Bharat Net program.
  • Major Announcement for post-office is that these can use for passport services.
  • Afterward, a Major success of BHIM App government wants to promote it in this Union Budget of India 2017. FM had announced cash back plan for merchants for BHIM.


  • Defense outflow is not including pensions Rupees2.74trillio


  • Fiscal deficit for FY 17-18 fixed at 3.2% of GDP.
  • Revenue deficit for FY-17-18 fixed at 1.9%.

13.Black money

  • There is a big plan to stop Black money in the Union Budget 2017-18 as Cash transactions are limited at Rs. 3Lakh.


  • Political Parties are supposed to be transparent in their
    funding which is still not in India. Finance Minister has announced a big step to follow this.
  • All political Parties have to file returns in precise time.


  • FM announced that only rupees 2,000 can be received as cash donation on the maximum side. Modification proposed to RBI Act for an issuance of electoral bonds.
  • There is a Limit of Cash donations to Trust is also Rs 2000.
  • 4,000crore Passed to open skill achievement. In addition,  awareness, Mahila Shakti Kendras have allocated 500crore rupees.

Above all were Main points of Union Budget India 2017. More Highlights of Budget will discuss later on Business Batao. Another
request to comment on the union Budget India 2017.



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Limitations of Cashless Transactions in India

We are in the way of making India with Cashless Transactions. There are many advantages of cashless economy but what are the
problems in making India Cashless.
cashless transaction
 India is a developing country where there is not the availability of electricity and schools in many villages. How the technology will develop very soon. This is a time taken process but it’s really appreciable. Now let’s discuss the limitations of cashless transactions.
Now let’s discuss the limitations of cashless transactions.

Here are 4 Limitations of Cashless Transactions in India-


As a developing nation, we have a lack of every basic need of our society. This new virtual technology for cashless transaction heavily dependent on many tools like Mobile phone, laptop, data connection, good mobile/broadband connection etc.These are either costlier or are away from the reach of a common man living in Indian cities and villages. So the availability of technological tools for the cashless transaction is a big real challenge in the way ahead in the vision of cashless India.


Just 60% of our country is basically literates I.e. the just know who to read and write their names. They don’t even have full-fledged running bank accounts and are unaware of its benefits.Education is a big limitation in cashless transactions. So for this technology to survive, the problem of unawareness among people who are illiterates is again a challenging one to cope up with.


As all the transaction is getting recorded in bank record book, there is a possibility that your personal transactions for any specific work are also getting in surveillance. This can be against the personal freedom law awarded by the constitution to its entire citizen.  cashless transaction Indians have fear to go to the banks. This is a big limitation of cashless transactions and cashless economy.
The money you earn should be yours and nobody has right to keep watching an eye on it.


With people getting online, the bad one’s are also smart enough to tackle the technology with unethical moves like hacking and phishing where if you tell then the password in any way, there is a possibility that you will lose all your hard earned penny.

People have to be very much careful while doing the online transactions as there is a higher risk of cyber attack if any
carelessness is shown by the door.

Above are the limitations of cashless transactions in India. we have already explained the advantages and disadvantages of cashless transactions in India.
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Advantages of Cashless Economy

What are the advantages of the cashless economy like India?

The dream of the cashless economy now seemed to come true after the 8th November 2016. As we all know on 8th of November 2016 was the day when the government of India took a decision to move into an era of the cashless and digital transaction.

With the decision of demonetization, our country has taken its first firm step to move into the world of cashless economy.

As still, we have a long way up to go ahead with this new cashless economy, there are many points to discuss this newborn technological way of the transaction for a common man.

Advantages of Cashless Economy

Here, we will discuss the top 5 advantages and disadvantages of cashless economy. This has brought up with its coming in a developing country like India.Like there are many pros and cons of demonetization, there are also pros and cons of cashless economy. But This will really lead India to a super Power.



  This has been the biggest ever advantages of the cashless transaction in Indian Economy. Whenever you will do any transaction I.e. you buy or sell something your tax on that item will be paid automatically. And this will be kept recorded in your bank account.
    Thus, at the end of fiscal year, the tax on your whole income and transactions done will be automatically deducted by the income tax department as it will be monitored directly by government and banks.
Thus it will help in reducing tax evasion to a greater extent.


 As of now, the government has solved the fake currency circulation in the market as no older denomination notes are valid now.
For now, whatever the notes available in markets are original and genuine as the fake currency is totally stricken down out of the market.
It will take time for wrongdoers’ to print the fake currency of new denominations again.
So, for now, the government has sufficient time to take firm action against their people and make the economic market more clear and transparent for its people.


Earlier, many people were keeping money in their home without depositing it into their bank account. The number of these people is quite high as they basically come from that section of Indian society. Which is called as a low middle class and lower class that does not have a bank account.
Banks has the most advantages of cashless Economy when there are more cashless transactions then Bank has more Funds every time.
      This becomes an important reason Indian banks are suffering from the NPAs. For the cashless transaction, the bank comes into play as people will deposit their money to banks for their day to day transfer and transactions.


            As things are getting cashless, there will be fewer people using cash in paper currency to facilitate their transaction.

For every type of transaction, you will use Bank as the channel to get it done. Now if you are a right person with a good moral character, the bank will open your account. And if you don’t have a proof of identities like aadhar card or pan card, they will deny opening. And also on all the bank accounts, the government will keep a watching eye to kill down any misuse of this channel.

The fresh example to this, the example of “stone pelting” in the areas of JAMMU AND KASHMIR. Where the extremist people pay the students and other people to throw stones at Indian forces. This activity was drastically reduced in the area as people were not having cash invalid denominations to pay for this kind of activity.


The most benefited are the common people who do the transaction with e-commerce giants like Flipkart, amazon, snap deal etc. Now, the government is finding ways to make this transaction platform more secure and more reliable in an online way.
The government is developing a common platform. A common app like BHIM (BHARAT INTERFACE FOR MONEY) for its common people to make online transactions easily.
Thus, every common man is able to do the transaction in a very secure manner.  Dealers are sitting thousands of miles away from him and gets him the product at right price oat right time. Above were some advantages of the cashless economy but there is also an adverse effect of these technologies.

Reasons for Business Startup Failure in India

MAKING AND BREAKING  are the parts of any business something like the globe. There are a lot of Examples of Business startups that do well but Fails. Like Hutch, we chat, Videocon and much more.Let we discussed Reasons for Business Startup Failure in India below:

Reasons for Business Startup Failure in India
What is the story behind this failure?
Why do some business startups fail in India?

                   The Indian government is on the way to provide them with a very handy support. There are a different kind of norms relaxation in TAXATION and assisted financial support by implementing schemes like “STARTUP INDIA”.Here we are going to pin up the top 6 reasons to Business startup failure in India”.

Top six Reasons for Business Startup Failure in India:

       Once you have the idea, it’s important to test its reality check on ground level. Whether the startup ideas will be beneficial for common people around or will it be productive enough to cope up in the market for next two years?
             Most of the startup in India and their leaders fail to test the idea. You have to implementation technique correctly. As required in the buzzing demand and supply market. You have to be very clear with the basic theme of your idea otherwise, you may end up doing something which may not be profitable to the startup. Business Batao is a platform which gives your idea in a successful way.

Any idea turning into business requires resources to set up its unit for implementation.The availability of resources for a new business is very limited in a country like India. You have to pay hefty fees for every resource which can be productive for your business. Availability of resources is the main reason behind the Reasons for Business startup failure so, it’s very important to be clear about the availability of resources which you are using.

Sometimes and mostly, It is a very common reason for  Business startup failure in India. Where the business leader fails to manage the available the resources well. To sinks, the business management of resources is very important. This becomes a real problem when you are the owner of a limited budget startup company.


Reasons for Business startup failure

          YES, you are right its “paisa bolta hai”. Money is the basic need for everything in this world. This is not limited our own personal needs but also becomes important when accounted in business terms. Also, the ultimate aim of the business is to earn a profit that is ultimately money. Investor hesitates to invest their money in newly started ideas because of a risk factor. There are many ways to take loans from financial Institutions. But it is also not so easy for New Business start-ups.
           TALENT is something which gives you an upper hand in every aspect of business. It is greatly required when you are a buzzing startup. Also when your startup turns into a million dollar company. Business is all about dealing with people and their minds. So here you have to be a little talented or enough quick to
learn the rules of the business world quickly. Lack of  Skills and talent training program is one reason for business startup failure in India.
       Now the question is where, how and why the talent is required in business? Talent is required where you have to deal with people for business related matters. And to convince anyone to do work for you and with you and much more.  Some Examples are:
purchase of resources, machines and other things required. You have to be very careful and wise as you are the owner of a limited value startup.
   Decision making is a process which decides the answer to the question WHAT’S NEXT? Thus, selecting the best course of action, from among many alternatives becomes very important for any startup business. It is important for the successful operation of the startup business. All the operational jobs like plan discussion, direction, controlling, are determined by the decision making process.
 A reason of business startups failure is wrong decision making.
            There is a saying “ENJOY THE WORK YOU DO AND DO THE BEST YOU CAN” SO, for making any business idea a
successful one, you have to love your work, your idea and almost every part and everything which sums up the business strategy.
Many of the business leaders and ideas have failed due to lack of motivation and love for their business.
ALWAYS REMEMBER-You don’t have to be money minded in the
initial when you don’t have a well-settled business, but side by side with time, be mindful of turning the business idea into a well-settled company.
Above were some reasons for Business startup failure in India. For getting consulted and growth contact Business Batao.
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