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Budget News

  • Finance Ministry may talk to EC before finalising Budget date

    Finance Ministry may talk to EC before finalising Budget date  

    The elections in five states, he said, are likely to be held in phases and the government in no way wants any of them to clash with the Budgetary exercise.

    26 Sep 2016, 10.31 am  |  Source: PTI

  • Parliamentary panel to examine merger of Budgets

    Parliamentary panel to examine merger of Budgets  

    With the Cabinet's approving the merger of Railway Budget with General Budget, the parliamentary panel on finance has decided to 'examine' the move along with its "ramifications thereof".

    26 Sep 2016, 9.00 am  |  Source: PTI

  • Finance Ministry issues instructions for Budget 2017-18

    Finance Ministry issues instructions for Budget 2017-18  

    The instructions were issued following the Cabinet decision to merge rail and general Budgets, do away with distinction between plan and non-plan expenditure, and advance date of Budget presentation with a view to complete the ent...

    23 Sep 2016, 9.59 am  |  Source: PTI

  • Need for Kisan Budget as PM Modi govt not paying heed to farmers

    Need for Kisan Budget as PM Modi govt not paying heed to farmers  

    "They (farmers) fear that BJP government and Arun Jaitleyji will not give farmers their rightful share so I have asked the government to directly tell what it will do for the farmers next year", the Congress vice-president stresse...

    23 Sep 2016, 8.23 am  |  Source: PTI

  • `Merger of Budgets a step towards privatisation of Railways`

    'Merger of Budgets a step towards privatisation of Railways'  

    "The abolition of a separate railway budget is not what it is purported to be. It is a measure towards commercialisation and privatisation of the Indian Railways," CPI(M) Politburo said in a statement.

    22 Sep 2016, 4.31 pm  |  Source: PTI

  • FM Jaitley takes dig at Rahul`s demand for separate farm Budget

    FM Jaitley takes dig at Rahul's demand for separate farm Budget  

    At a press briefing, Jaitley announced that the Cabinet headed by Prime Minister Narendra Modi has decided to scrap nearly a century old practice of having a separate railway budget and merging it with general budget.

    22 Sep 2016, 10.12 am  |  Source: PTI

  • Budget overhaul: 2017 may be a breakout year for policy making

    Budget overhaul: 2017 may be a breakout year for policy making  

    The Cabinet decision to bring forward the presentation of the union Budget and merge the Railway budget with it, along with a likely roll-out of the Goods and Services Tax from April 1 next year, could well make 2017 a breakout ye...

    22 Sep 2016, 9.04 am  |  Source: Moneycontrol.com

  • ‘Merging Budgets will bring railways to center stage of policy’

    ‘Merging Budgets will bring railways to center stage of policy’   

    With plans to remove classification according to plan and non-plan expenditures, Shaktikanta Das says the government has already started conducting dry runs of a budget without plan and non-plan expenditures.

    22 Sep 2016, 8.33 am  |  Source: CNBC-TV18

  • Investments for rlys won`t go down after merger: Yashwant Sinha

    Investments for rlys won't go down after merger: Yashwant Sinha   

    Speaking to CNBC-TV18 Former Finance Minister Yashwant Sinha said the railways can’t be treated like any other department. "My own feeling is that the Finance Minister will have to grant a lot of autonomy to the Ministry of Rail...

    21 Sep 2016, 11.44 pm  |  Source: CNBC-TV18

  • Importance of railways goes away now: Former Rail Minister

    Importance of railways goes away now: Former Rail Minister   

    Dinesh Trivedi, Former Rail Minister, said: "If you don’t have a separate Budget for railways the importance for railways goes away. You don’t need a railway minister, merge it with surface transport."

    21 Sep 2016, 9.43 pm  |  Source: CNBC-TV18

  • Rlys won`t have to pay dividend under merged Budget: Fin Secy

    Rlys won't have to pay dividend under merged Budget: Fin Secy   

    Once the circular is issued Budget exercise will kick off, Finance Secretary Ashok Lavasa told CNBC-TV18. Under the contours of the merged Budget, gross budgetary support to Railways Ministry will continue, so will the commercial ...

    21 Sep 2016, 4.50 pm  |  Source: CNBC-TV18

  • On a single track: Rail, Union Budget merged

    On a single track: Rail, Union Budget merged   

    The 92-year-old habit of presenting a separate Railway Budget has finally come to an end. Railway Budget has been merged with Union Budget. The government has also advanced the date for Budget presentation and having just one head...

    21 Sep 2016, 4.41 pm  |  Source: Moneycontrol.com

  • Ending plan & non-plan expenditure: What does it mean?

    Ending plan & non-plan expenditure: What does it mean?  

    The government now plans to switch to a capital and revenue-spending classifications. This will help create a clear and effective link between the government’s earnings, spending and outcomes.

    21 Sep 2016, 3.00 pm  |  Source: Moneycontrol.com

  • 7 questions you wanted to ask about Rail, Union Budget merger

    7 questions you wanted to ask about Rail, Union Budget merger  

    The Finance Ministry on Wednesday accepted the NITI Aayog member Bibek Debroy-initiated and Railway Minister Suresh Prabhu-backed proposal to merge the Rail and General Budgets. Here’s a quick take on the benefits and drawbacks ...

    21 Sep 2016, 1.56 pm  |  Source: Moneycontrol.com

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