The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.
Officials said the government had no option but to cut spending.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
There are about 15.3 crore LPG consumers in the country.
Pensioners, India Inc may get tax breaks in Budget
The government's total debt increased by 2.6 per cent to over Rs 46 lakh crore in the third quarter ended December, compared to the previous three months of the current financial year.
Upfront payment of Rs 32,000 cr just half of Budget estimate; no takers for 700 & 900 megahertz bands
Declining crude price translates into lower under-recoveries for OMCs
The airline's accounts are yet to be audited.
This finance minister has come of age. That's not condescension. It is a praise, says Omkar Goswami.
The state of health is a reflection of what is spent and how it is spent.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
A road map could be laid out for a gradual reduction in the tax rates from the current incidence of about 62-94 per cent without causing a major blow to the revenues of the Centre and the states. The opportunity arising out of higher GST collections should not be squandered, says A K Bhattacharya.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
The Bharatiya Janata Party's vision document for Bihar promises to shower freebies on all sections of society if comes to power.
SBI raised Rs 8,032 crore (Rs 80.32 billion selling 5.13 crore shares through a QIP in January.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
FY14 economic growth rate pegged at 4.8-5.3%, WPI inflation set to rise
When Prime Minister Narendra Modi recently extended a Rs 8,000-crore (Rs 80 billion) central support for building roads in Jammu & Kashmir, Union Cabinet's approval for the big-ticket announcement came in barely 48 hours.
The finance minister may stagger some of the recommendations.
Banks will need more funds, as they have to provide more capital.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
A summary of sports events and sports persons, who made news on Wednesday
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
The BJP government in the state violated the Indian Government Accounting Standard.
Why does Punjab's CM find it hard to fulfill poll promises?
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
The finance minister said the economy had been slowing.
The Nifty and Sensex traded close to their respective all-time highs.
Lower crude prices mean less government outlay for India,
Sikkim Chief Minister Pawan Kumar Chamling has promised to make every Sikkimese a 'crorepati' if he or she votes for his Sikkim Democratic Front in the April 12 Lok Sabha election, inviting criticism from his opponents.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
Rural outlay may go up 23% to reduce pains of demonetisation
Survey likely to be tabled in July by the new government.
The government has to take a call on reducing or retaining the excise rate.
The world's largest cash transfer programme has eliminated around 40 million ghost connections
Official panel points to bid deficiencies in rural job guarantee, pensions, housing and other programmes.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances