The Budget loosened the reins on public spending to drive growth.
The compensation would be met through levy of a cess called 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.
Dharmendra Pradhan, Mukhtar Abbas Naqvi, Nirmala Sitharaman and Piyush Goyal have been elevated to Cabinet ministers.
A more vigilant Opposition and a more aware civil society including the media could have certainly helped keep a check on an unhealthy trend, says A K Bhattacharya.
'Modi has sowed the seeds of a transformational change.' 'For the sake of the nation and our children I hope he succeeds.'
The move is a part of an exercise to streamline taxation structure and improve the country's image as an investment destination
The Bill could be introduced in Lok Sabha very soon.
Association will write a letter to Finance Minister Arun Jaitley to demand a rollback.
Kirron Kher, actress-turned-politician, recounts how it was Jaitley who made her contest the elections from Chandigarh. Speaking to Rediff.com's Savera R Someshwar, the Chandigarh MP talks of the BJP stalwart's generosity and how he was the focal point of any place he was at.
"We won't remain silent if somebody tries to kill our mother. We are ready to kill and get killed. The Uttar Pradesh government's double standards have been exposed. The way in which the incident is being politicised is condemnable," said Maharaj.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
The sports ministry, on Thursday, received a hike of Rs 258.2 crore in the union budget for 2018-19, presented by finance minister Arun Jaitley in the Parliament in New Delhi.
Budget announcements will come right before five states, with population of around 250 million, go to polls.
... if high oil prices persist or stock prices correct sharply.
Finance Minister Nirmala Sitharaman on Monday used her trademark 'bahi-khata', a ledger wrapped in a red-coloured cloth, to carry Budget documents as she arrived in Parliament House to present her third straight Budget. Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers. She used the same last year and again on Monday.
"It seems the BJP has opened a Lalit Kala Academy to train its spokespersons in how to defend Lalit Modi," party spokesman Tom Vadakkan told media persons.
The Goods and Services Tax Bill was passed by the Lok Sabha in May.
Arun Jaitley declared proposal for a comprehensive law.
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
GST reform has been hanging fire since 2006-07.
FM may increase income-tax exemption limit to Rs 3 lakh
In the last budget, then finance minister Arun Jaitley had allocated Rs 85,010 crore for the education sector which was later revised to Rs 83,625.86 crore.
Kejriwal said that if Modi 'uses the CBI to get any file' then the country will have no democracy left.
The government has been taking steps to promote cashless or digital transactions to take India towards a less-cash economy
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
Reserve Bank Deputy Governor S S Mundra on Friday said that he expects banks to cut interest rates
Congress engaging in a 'false show of jubilation', said Amit Shah.
Referring to demonetisation of high value currency notes, Jaitley said it was well received as 'imandari ka utsav.'
Arun Jaitley and Amit Shah and other ministers will listen to PM's radio talk 'Mann ki Baat' while having tea with people across poll-bound Gujarat on Sunday.
In several areas, the Indian government has put out a model law.
Prime Minister Narendra Modi involves junior ministers in the decision-making process and holds a meeting of the Council of Ministers every last Saturday of the month, but there is a group of ministers that he reaches out to more often.
To mark the anniversary of note ban, the Congress was observing a 'black day'.
Finance Minister Arun Jaitley presented the Budget today.
RBI Governor has been under pressure from Finance Ministry.
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
Sitharaman, who became the first full-time woman defence minister in the first tenure of the Bharatiya Janata Party-led National Democratic Alliance government -- will also head the Corporate Affairs ministry in the new cabinet.
Portfolios of more than half-a-dozen ministers are expected to be changed.
The IMF expressed its opposition to any move that compromises the independence of central banks anywhere in the world.
Here's everything you need to know about the Goods and Services Tax Bill.
Union Finance Minister Arun Jaitley on Monday filed civil defamation suit in the Delhi high court against Chief Minister Arvind Kejriwal and Aam Aadmi Party leaders, amid a raging row over irregularities in the Delhi and District Cricket Association and allegations of corruption against him by the Delhi government.
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