The finance minister may stagger some of the recommendations.
Taxpayers with old, outstanding taxes will benefit from the CBDT's new scheme.
The implementation of the five 'guarantees' announced by the Congress may cost the state exchequer an estimated Rs 50,000 crore annually.
Total subsidy bill could come down to around Rs 2 trillion.
Can Jaitley's team hope to garner 17% more on personal income tax?
Lamenting that children were not a "political priority" in the country, Nobel laureate and child rights campaigner Kailash Satyarthi on Friday appealed to the Centre to implement the toughest law to put an end to their exploitation.
Union Agriculture Minister Arjun Munda on Tuesday said a law guaranteeing minimum support price (MSP) on crops cannot be brought in a hurry without consulting all stakeholders and urged the protesting farmer groups to have a structured discussion with the government on the issue.
The state's revenue receipts might not afford various freebies announced by the parties, unless revenue deficit and hence fiscal deficit is widened.
Will the new Congress government implement the five 'guarantees' that helped it in part to wrest power from the Bharatiya Janata Party in toto or will they now add a "conditions apply" clause?
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
The Union government may restate the roadmap or modify it, only after building a consensus with the states, sources said, adding this is not likely to be in the Budget, to be presented by finance minister Pranab Mukherjee on July 6. The Centre and state governments have still not agreed on the GST rate, even though consensus may be building for eight per cent at each level.
While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.
Sena said Jaitley had had merely repackaged old schemes as new in his budget presentation.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
The Congress has so far announced 82 candidates for the seven-phase Lok Sabha polls beginning April 19.
The first Cabinet meeting was held immediately after Siddaramaiah was sworn in as Chief Minister, and D K Shivakumar as Deputy Chief Minister along with eight MLAs as Ministers.
The World Anti-Doping Agency (WADA) has approved a $1.47 million increase in its expenditure budget for next year.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
Besides advancing the presentation of the Budget to perhaps the first week of January, , there are four new initiatives that could be rolled out from the next Budget, says A K Bhattacharya.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
The finance minister defended the change in the tax rates.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
The Income Tax Act might be amended to give effect to "jurisdiction-free assessment"
Asserting that the world does not have much time to correct the mistakes of the last century, Prime Minister Narendra Modi on Friday announced a 'Green Credit Initiative' focused on creating carbon sinks through people's participation and also proposed to host the United Nations climate conference in 2028, or COP33, in India.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Growth rate in per capita income is projected to fall to the lowest in 21 years this financial year - except for the financial years 2019-20 (FY20) and 2020-21 (FY21) - according to the first advance estimates. During the last 21 years, the two periods - FY20 and FY21 - saw growth rates in per capita income lower than 7.9 per cent, seen during FY24. This was despite the real gross domestic product (GDP) being projected to grow by 7.3 per cent in the current financial year by the first advance estimates.
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.
It has become clear that many things were wrong with the taxation proposals made in the 2012-13 Budget. In attempting to fix the fiscal deficit, the government decided it was necessary to increase the tax base.
Though a host of pro-public announcements made by her in the last Railway Budget (2010-11) has been implemented, Indian Railways' finances have gone from bad to worse.
It is a Budget 'high on promises but low on design,' the agency said.
From withdrawing the stimulus to implementing the Finance Commission proposals, the FM has his task cut out.
The potential growth in infrastructure and urbanisation suggests that the demand for steel will outpace supply
The BJP leadership believes these parties are flexing their muscles in the run-up to the Lok Sabha polls for better seat-sharing deals.
The FM could scrap the secrecy around tax rates.
Centre took the line that it should not be presented in the middle of Assembly poll in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur
