Union Budget

January Budget to bring more efficiency: CBDT 

Aug 23, 2016 at 14:24 | Source:PTI

As part of larger exercise of Budget overhaul, government is looking at advancing the dates of its presentation in Parliament by a month to January-end to ensure that the whole process is completed before the new financial year begins.

Finance Ministry mulling advancing Union Budget by a month 

Aug 22, 2016 at 09:04 | Source:PTI

Sources said the government is of the view that the Budget exercise should ideally be over by March 31 every year as against the present practice of it being carried in two phases spread between February and May.

Finmin issues norms to enhance efficiency of public schemes 

Aug 10, 2016 at 17:14 | Source:PTI

"In order to build a growth friendly eco-system, financial processes and systems are as important as the fund allocations," the Finance Ministry said in a statement today.

Gold bond scheme: Govt realises record Rs 919 cr in 4th tranche 

Jul 31, 2016 at 14:00 | Source:PTI

"Collections under the Sovereign Gold Bond scheme reached a new high. The amount realised through the fourth tranche, at around Rs 919 crore, is the highest achieved as yet," the Finance Ministry said in a release.

Education is beyond politics, says Prakash Javadekar 

Jul 22, 2016 at 08:24 | Source:PTI

"Education is beyond politics... We should all resolve to work unitedly to improve education," he said and assured that adequate funds would be extended for research works at educational institutions.

Jewellery industry to grow by just 3% this year: Icra 

Jul 19, 2016 at 20:40 | Source:PTI

Icra said emphasis on boosting rural economy in the Union Budget 2016-17 is also likely to spur rural demand which could augur well for the industry over the next three years.

Prabhu writes to Jaitley, seeks merger of two budgets 

Jul 14, 2016 at 21:40 | Source:PTI

Prabhu has recommended ending the 92-year-old practice of presenting a separate budget for Railways and sought merger with the General Budget presented by the Finance Minister, said a senior Railway Ministry official.

Centre extends UDAY scheme till March next 

Jun 23, 2016 at 09:26 | Source:PTI

"The deadline for transferring discoms' debt to state budget and issuing bonds for 50 percent outstanding was March 31, 2016. The Union Cabinet decided to extend this date to March 31, 2017," Finance Minister Arun Jaitley said at a press conference after the Union Cabinet meeting here.

Normal monsoon likely to drive cement demand in 2HFY17: Goldman 

Jun 09, 2016 at 13:37 |

Goldman Sachs believes near-term demand is likely to be weak due to monsoons, which could lead to seasonal weakness in prices but it remains structurally positive on the medium-term demand and supply outlook (especially after monsoon).

Hope for 15% safeguard duty on products: Aluminium Association 

May 16, 2016 at 17:17 | Source:CNBC-TV18

Satish Pai, Vice President of Aluminium Association of India says the 2 percent increase in import duty on aluminium, announced in the Union Budget, was negated by near doubling of green cess on coal, as 40 percent of aluminium's production cost is power.

Consumption up, investment down in Asia: BofA-ML 

May 09, 2016 at 16:58 | Source:PTI

In India, the disbursal of 7th Pay Commission hikes to central government employees, softer lending rates and lower oil prices are expected to support discretionary spending.

Over two lakh new Central government jobs by 2017 

Apr 25, 2016 at 16:36 | Source:PTI

The Central government has projected in the budget estimates for 2016-17 an increase of about 2.18 lakh in the existing workforce of 33.05 lakh, as in 2015, by 2017.

Govt nod for changes in bill on afforestation 

Apr 20, 2016 at 21:38 | Source:PTI

"The Union Cabinet chaired by the Prime Minister Narendra Modi today gave its approval to move official amendments in the Compensatory Afforestation Fund Bill, 2015," an official statement said.

How Union Budget proposals change your income tax return filing 

Apr 20, 2016 at 18:21 |

Union Budget 2016 has proposals about the income tax return filing process. Here are the changes you cannot afford to miss.

Timeline: The story behind govt's rollback on EPF norms 

Apr 20, 2016 at 10:57 |

In only three months, the government has had to give in to pressure from various trade unions to change its stance on employee provident funds -- which it had envisaged as a social security scheme and not as a savings account. A look into the key events that shaped the development.

Need Rs 10,000 cr to solve rural drinking water problem: AP CM 

Apr 20, 2016 at 07:34 | Source:PTI

Chief Minister N Chandrababu Naidu made a PowerPoint presentation to Union Rural Development Minister Chaudhary Birender Singh on the state's requirements and the steps taken to make AP drought-free in the next three years.

Cash flow for construction sector to improve in FY17: Report 

Apr 19, 2016 at 17:42 | Source:PTI

According to the study, companies in the construction sector continued to witness negative cash flows from operations in 2015-16, which is likely to improve gradually to near zero levels this fiscal as more orders procured during the last two years are executed.

Stick to fiscal discipline, spend on infra: FM to states 

Apr 11, 2016 at 22:04 | Source:PTI

Arun Jaitley, while addressing the conference of state finance secretaries, also asked the states to ensure optimum utilisation of resources without any leakage.

Centre asks states to enhance capital expenditure 

Apr 11, 2016 at 14:16 | Source:PTI

"States are requested to align their focus to the thrust provided in the Union Budget to promote investment and growth in the rural sector... It is imperative to step up capital expenditure at state level also," Finance Secretary Ratan Watal said.

Rahul Gandhi to meet protesting jewellers 

Apr 06, 2016 at 11:56 | Source:PTI

The representatives of jewellers associations from across the country have been holding a protest at Jantar Mantar against the excise duty imposed in the Union Budget 2016-17.

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