Union Budget

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.

Yes Bank to raise over Rs 16,000 cr through equity, bonds 

Jun 08, 2015 at 11:09 | Source:PTI

The bank's shareholders, at its Annual General Meeting (AGM) yesterday, also approved an increase in its borrowing limit to Rs 50,000 crore, as also hiking the combined investment limit for FPIs and FIIs to 74 percent.

Yes Bank to raise over Rs 16,000 cr through equity, bonds 

Jun 08, 2015 at 07:50 | Source:PTI

Private sector lender YES Bank today said it will raise USD 1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through Non Convertible Debentures (NCDs) and bonds.

Replacing fossil fuel vehicles can save Rs 14K crore: Geete 

Jun 05, 2015 at 17:35 | Source:PTI

Phased replacement of fossil fuel-based vehicles with those based on latest technologies will lead to a net saving of Rs 14,000 crore, Union Minister for Heavy Industries and Public Enterprises Anant Geete said.

FM Arun Jaitley announces setting up of NIIF 

May 27, 2015 at 17:28 | Source:CNBC-TV18

Finance minister Arun Jaitley had announced the setting up of National Investment and Infrastructure Fund (NIIF) in the Union Budget. The North Block has now issued a draft Cabinet note on its formation.

FY16 fiscal situation comfortable: Govt sources 

May 22, 2015 at 12:01 | Source:CNBC-TV18

Furthermore, there are now hopes that the government will lower corporate income tax by 1 percent in the next Union Budget.

ITC Q4 net seen up 10%, cigarette volumes may fall 9-10% 

May 21, 2015 at 17:23 | Source:Moneycontrol.com

Analysts polled by CNBC-TV18 expect volume growth to continue to remain muted in Q4 impacted by four consecutive years of excise duty hikes and corresponding price hikes of 15 percent taken post Union Budget. Cigarette volumes are expected to decline by 9-10 percent, similar to what was seen in last quarter.

Cabinet clears Namami Gange; allocates Rs 20,000 cr budget 

May 13, 2015 at 20:32 | Source:PTI

The program, to clean river Ganga, has a budget outlay of Rs 20,000 crore for the next 5 years which was a significant four-fold increase over the expenditure in the past 30 years.

Six financial steps you must take this May 

May 12, 2015 at 12:01 | Source:Moneycontrol.com

This is the time of the year when annual review is over and most employed individuals do get their annual hike. Other important events such as Union budget too are over. This opportune time to plan your money matters.

Cabinet meets to discuss agrarian crisis due to hailstorm 

Apr 29, 2015 at 10:40 | Source:IBNLive.com

The government is unlikely to take up the Land Acquisition Amendment Bill in the Budget session as it has five more months to pass the ordinance. The Bill is likely to be tabled in Monsoon session.

World Bank pegs India's GDP growth at 7.5% in 2015-16 

Apr 28, 2015 at 16:40 | Source:PTI

The government in the Union Budget 2015-16 had projected the GDP growth to be at 8.5 percent this fiscal.

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