The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23. In its revised Budget (RE) estimate for the 2021-22 fiscal, the government has pegged total subsidies to be at Rs 4,33,108 crore against the actual Budget estimate of Rs 7,07,707 crore in the previous financial year. Out of which, the food subsidy is estimated to decline to Rs 2,86,469 crore in the current fiscal from Rs 5,41,330 crore in 2020-21, while petroleum subsidy is estimated to fall to Rs 6,517 crore from Rs 38,455 crore in the said period.
Finance Minister Arun Jaitley said the fiscal deficit slippage this financial year (2017-18) was largely statistical.
Budget for women and children welfare increased from Rs 1,56,528 crores to Rs 1,84,632 crores for 2017-18
Excise duty on most products has been capped at 12.5 per cent
Strong new business growth was the primary factor.
Many online retail websites follow 'aggregator' model.
CAD touched a historic high of $88 billion in 2012-13.
The Finance Ministry has invited private sector bankers.
Jindal Power bagged 2 coal mines in Chhattisgarh.
The Budget has increased the limit of deduction for medical expenditure in respect of certain critical illness
Prabhu proposed an unprecedented 50% hike in investment.
The Railways will grant 75 per cent concession from September 6 to widows of defence personnel killed in terrorist-action for travel in the second and the sleeper class of trains.
One per cent TDS will apply on non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher, after an amendment in the Income Tax Act.
The 2015 Toyota Fortuner is just a minor update.
A day before the announcement of the Union Budget for 2004-05, the Economic Survey called for "overhauling" the tax exemption regime saying low Tax:GDP ratio was a prime concern and it was coming in the way of improving government finances.
Suresh Prabhu was speaking on the sidelines of an RPF function.
Budget is a populist one, wil lbeneift common people
Buoyed by the proposed public offerings in six companies, including Oil and Natural Gas Corp and Gas Authority of India Ltd, the government on Tuesday set an ambitious target of mobilising Rs 16,000 crore
Sales of commercial vehicles declined 24.51 per cent in June to 31,384 units from 41,577 units a year ago.
The rupee had ended 11 paise higher at 62.20 on Tuesday.
SEBI said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd
Excise duty on small cars, motorcycles and SUVs was reduced.
Determination of rates will no longer be an exercise behind veils where the Railways and the users could only peep covertly at what was happening on the other side.
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Under Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore in state banks over four years while they will have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel-III.
Two premium new long-distance trains and plan to convert a strategically important metre gauge line into broad gauge were announced on Wednesday for the Northeastern region in the Railway Budget, but opposition BJP and AGP dubbed the sops as "frustrating".
Indian Economy poised for growth, say experts.
Finance Minister Arun Jaitley has said the government may consider the "next round of action" on subsidies.
India will witness good growth under the present government.
Auctioneers have said its Evening Sales, however will not be included in the partnership.
