Union Budget

FinMin sets up Cell to implement Pay Panel recommendations 

Nov 25, 2015 at 18:56 | Source:PTI

Headed by a Joint Secretary level officer, the Cell has been set up in the Department of Expenditure for a period of one year with effect from November 20, 2015.

Govt contemplates tax incentives to boost housing 

Nov 24, 2015 at 19:07 | Source:PTI

The tax department, according to sources, is looking at the draft rental housing policy to ascertain the tax incentives that can be doled out to the sector to encourage investments in housing sector.

Corporate tax may be cut by 1% in Union Budget, say sources 

Nov 24, 2015 at 15:44 | Source:CNBC-TV18

The government is trying to cut corporate tax from the current 30 percent to 25 percent in the next four years.

Pay hike won't breach fiscal deficit targets: FinMin 

Nov 20, 2015 at 17:43 | Source:PTI

The recommendations that will benefit 47 lakh central government employees and 52 lakh pensioners, will lead to an additional outgo of Rs 73,650 crore from the Union Budget and Rs 28,450 crore from Railway Budget.

CREDAI seeks tax sops for home buyers to revive real estate 

Nov 06, 2015 at 22:01 | Source:CNBC-TV18

Four months ahead of the Union Budget, industry body CREDAI with more than 11,000 builders as members, has asked the Finance Minister for tax sops on behalf of home buyers, and are convinced this would lay the foundation for a recovery in the housing market.

Railways sign MoU with Odisha for rail projects 

Nov 05, 2015 at 08:16 | Source:PTI

The rail budget outlay for Odisha has been enhanced in the 2015-16. While in 2014-15, Odisha got Rs 1073 crore, it was Rs 3310 crore in 2015-16.

Excl: Govt may more than halve FY16 divestment target 

Oct 26, 2015 at 20:37 | Source:Moneycontrol.com

Sources say the government may peg the new target at Rs 30,000 crore, far lower than the aggressive Rs 69,500 crore it had laid out during the Union Budget.

Rly ops moving towards transparent system: Suresh Prabhu 

Oct 17, 2015 at 16:14 | Source:CNBC-TV18

Railway Minister Suresh Prabhu says the Ministry has implemented almost 99 percent of the announcements made in Union Budget.

Claiming tax benefit on serious ailment expenses made easy 

Oct 14, 2015 at 22:41 | Source:PTI

The amended rule relaxes the condition of obtaining the certificate for claiming expenditure under section 80DDB in respect of specified ailments from a specialist working in a government hospital, the Finance Ministry said.

FinMin asks suggestions on tax rates from trade, industry 

Oct 11, 2015 at 14:58 | Source:PTI

With preparations for the next Union Budget picking up pace, the Finance Ministry has invited suggestions from trade and industry for changes in tax rates and broadening of base.

FinMin seeks public comments for Budget 2016-17 

Sep 22, 2015 at 18:15 | Source:PTI

The annual financial statement, which lays out the government's taxation proposals and expenditure plans for the fiscal, is generally presented on the last working day of February.

Service tax on cost reimbursements a paradoxical puzzle! 

Aug 25, 2015 at 10:01 | Source:Moneycontrol.com

Government through Union Budget 2015 amendment introduced enabling provision under the governing statute for levy of service tax on expense reimbursements.

FinMin advances Budget preparation exercise by over 2 mths 

Aug 20, 2015 at 22:15 | Source:PTI

The budget exercise, which normally starts during later part of October, involves consultations with several interest groups like industry, traders bodies and trade unions.

Govt to divest stake in 8 ITDC hotels: Tourism Minister 

Aug 19, 2015 at 20:28 | Source:CNBC-TV18

CNBC-TV18 has exclusively learnt that the ministry will not divest its stake in Delhis-The Ashok but may consider its hotel properties in Jaipur.

DBT scheme for LPG help save Rs 15,000 cr in a year: Modi 

Aug 15, 2015 at 10:00 | Source:PTI

The Direct Benefit Transfer on LPG, which has been recognised by the Guinness Book of World Records as the largest cash transfer programme in the world, has eliminated "middle-men and black marketers" and ensured the fuel is delivered to right people, he said.

GST Congress' bill; negativism hurting economy: Jaitley 

Aug 03, 2015 at 10:34 | Source:PTI

Acknowledging that there may be merit in Congress demand for 18 per cent rate of GST, he said the NDA government has not made any significant modifications to the bill that the Congress-led UPA government had proposed in 2006-07 Budget, except to bring a consensus between manufacturing and the consuming states.

Govt to infuse additional Rs 800 crore into Air India 

Jul 31, 2015 at 19:15 | Source:PTI

The Finance Ministry on Friday sought Parliament's nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier.

Cabinet approves GST, consumer protection bills, NIIF fund 

Jul 29, 2015 at 20:49 | Source:Moneycontrol.com

The Union Cabinet today moved amendments to the GST Constitutional Amendment Bill, approved passage of a new consumer protection bill as well as setting up of the Rs 20,000 crore National Investment & Infrastructure Fund that was announced in the Budget this year.

FinMin to diners' rescue: Service charge is not service tax 

Jul 15, 2015 at 15:28 | Source:Moneycontrol.com

The Finance Ministry has issued a circular that clearly states that services charges collected by restaurants are not the service taxes that make their way into the government's coffer.

India equity funds see $9.5 billion inflow in H1 of FY15 

Jul 09, 2015 at 20:00 | Source:PTI

India focused equity funds have witnessed an inflow of over USD 9.5 billion from worldwide investors in the first six months of the year, while neighboring China has seen a hefty outflow of USD 17 billion during the same period, says a report.

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