Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
Widening of the tax base, doing away with cess and surcharge, improvement in compliance and moderation in tax for emerging sectors are some of the suggestions submitted to the Finance Ministry ahead of the Budget by Think Change Forum (TCF). Experts are of the opinion that there is a need to grow tax revenues for the government to drive economic growth and make investments in developmental activities, TCF, the think tank said in a statement. Towards this end, poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation, among others.
More reforms will be unveiled in the 2011-12 Budget, said the Prime Minister.
Prime Minister Dr Manmohan Singh on Wednesday kept the hopes alive of many a ministerial aspirants by promising a "more expansive" exercise after the budget session of Parliament which concludes in May.
Key lessons from the mandate must find reflection in Budget announcements.
In only two of the past 12 occasions has the BSE S&P Sensex recorded a gain during the month before the Union Budget's presentation.
From withdrawing the stimulus to implementing the Finance Commission proposals, the FM has his task cut out.
PM has approved of the Union Budget, as it ensures growth and price stability.
Barely two months before the Lok Sabha election, Gandhi will be filing her nomination papers in Jaipur on Wednesday. Party chief Mallikarjun Kharge, her son Rahul Gandhi and daughter Priyanka Gandhi Vadra are likely to accompany her.
Terming the Budget as growth-oriented, Prime Minister Manmohan Singh on Thursday said that to find a solution to the ills plaguing the various sectors, the Union Budget 2004-05 proposes to give a boost to agriculture, industry and social and physical
The Union Budget for 2009-10 will reflect UPA government's ambitious agenda like Rs 3 kg rice or wheat for BPL families, enlarging NREGA coverage and more focus on infrastructure to bring the economy on high growth.
Officials from 22 banks made representations before the minister and his panel about the industry expectations from the next financial budget.
The General Budget will be presented on July 6 and the Railway Budget will be presented on July 3.
Prime Minister Manmohan Singh on Monday said the Budget was aimed at consolidation of fiscal deficit and moderation of taxes and will meet challenges of the economic growth of the country.
Prime Minister Manmohan Singh on Wednesday termed the budgetary proposals for 2007-08 as anti-inflationary, which aimed to control prices through reduction in excise duty on many items.
The outcome budget, aimed at gauging the effectiveness of money spent on various heads by different ministries, will be unveiled next week.
The various statements attributed to Chidambaram during his meetings with investors in Hong Kong and Singapore reveal a lot about the broad trend of ideas that would influence his next Budget.
Dr Singh made this remark while releasing Chidambaram's book titled A View from Outside: Why Good Economics Works for Everyone in New Delhi on Monday.
Prime Minister Manmohan Singh on Thursday indicated that the full Budget for 2009-10 may announce a disinvestment of government stake in public sector companies. A host of companies waiting for the government nod for disinvestment include Bharat Sanchar Nigam Ltd, railway consultancy firm RITES, National Aviation Company, and Ircon.
PM taken out of ICU, likely to attend the last day of the Parliament session.
Chidambaram to meet Congress Parliamentary Party today.
The Bharatiya Janata Party on Thursday threatened to block proceedings in the upcoming Budget Session of Parliament if Union Home Minister Sushil Kumar Shinde was not sacked over his controversial remark on 'Hindu terror'.
There are wide spread speculations in corridors of power in the Capital that Deputy Chairman of Planning Commission Montek Singh Ahluwalia may take over as the next finance minister of India.
Her speech was laced with Hindi, Urdu, Sanskrit and even Tamil verses.
The finance minister could well be on her way to setting a record of achieving the biggest single-year reduction in the government's fiscal deficit, explains A K Bhattacharya.
Dinesh Trivedi continued to be Railway Minister on Thursday but only just with the United Progressive Alliance leadership appearing to have buckled under the Trinamool Congress demand to sack him, an action that has been temporarily delayed by the Union Budget to be presented on Friday.
Despite pressures from the Left parties to hike taxes on the rich and corporates, the Union Budget for 2005-06 is unlikely to be harsh on these sections while revisiting the tax structure to make it simple and compliant.
Railway Minister Lalu Prasad Yadav has hinted at a people friendly railway budget, which will be presented on Feb 26.
The upcoming Budget will have a record of funds spent on welfare of the minorities.
Finance Minister P Chidambaram on Monday presented in Parliament the first ever Outcome Budget, which seeks to measure the physical targets achieved on the financial outlays of various ministries.
With only three days to go before Finance Minister P Chidambaram delivers the Budget in Parliament, market expectations with respect to reforms are running high.
A long-pending demand of ex-servicemen for 'one rank, one pension' may find a place in the Union Budget to be presented to Parliament on July 6.
The failure of Finance Minister Pranab Mukherjee's Budget in slashing securities transaction tax, the status quo when it came to short-term capital gains tax, no substantial increase in exemption level for calculating personal income tax and no complete tax exemption on interest income earned by senior citizens was a huge letdown for Siddharth Kuvavala.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
Prime Minister Manmohan Singh discusses Union Budget presented by Finance Minister Pranab Mukherjee in the Parliament on Friday with Business Standard's A K Bhattacharya.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances