But, govt plans to bring some provisions that can't wait.
The Congress feels there was no articulation of a bold vision of a statement of intent in the Budget, no articulation of a direction in which the economy has to go, and it lacks imagination. Renu Mittal reports.
In the Interim Budget, Finance Minister Nirmala Sitharaman announced that a high power committee would be set up to consider the challenges arising from 'fast population grown and demographic changes.' 'But who wants data? It pays to feed people's fears, insecurities and apprehensions. If such fears don't exist, they must be created,' her husband Parakala Prabhakar says in this fascinating excerpt from his book, The Crooked Timber of New India: Essays on a Republic in Crisis.
Hindi film industry hopes to get some tax relief from the upcoming Budget 2015-16.
With Jaitley preferring continuity over change, good days might take a little longer to arrive, says Shankar Acharya.
All credit to the finance minister for walking the fiscal and expectation tightrope extremely well in his budget speech, says Ganesh Natarajan.
The 50-share NSE Nifty was trading lower by 24 points.
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
Clearing the way for oil refiners to pay Iran in Indian rupee, the Union Budget has exempted the payments made for crude oil purchased from the Persian Gulf nation, from any local tax.
Expectations are running high for the Budget 2010 to do many things -- maintain growth, provide employment, reduce fiscal deficit, take steps to shift to the new Direct Taxes Code, take measures to implement Goods and Services Tax, reduce inflation and increase revenue for the government.
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.
The economic slowdown has seen an increase in cost-cutting measures. Tell us what is happening in your company.
Addressing a public meeting after unveiling a 125 ft-tall statue of B R Ambedkar here, KCR said the BRS party was getting a tremendous response from Maharashtra and was expecting a similar reaction from West Bengal, Bihar, and Uttar Pradesh.
The government should not go in for an 'aggressive fiscal consolidation' in the upcoming Budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Wednesday. Goyal further said subsidies are expected to come down as food and energy inflation moderates. WPI inflation in food articles in November was 1.07 per cent against 8.33 per cent in the previous month.
The defence ministry is expecting a 15 to 20 per cent increase in its budget allocation for the next fiscal due to rise in expenditure on its modernisation drive and commitments following pay review.
States also demanded that Budget for 2015-16 should make adequate provisions for central sales tax compensation for early roll out of Goods and Services Tax, a Constitutional Amendment Bill for which was tabled in the Lok Sabha last week.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
Finance Minister Arun Jaitley presented the Union Budget.
Atishi will handle education, PWD, power and tourism departments, while Bharadwaj will look after health, urban development, water and industries.
Sources said Saurabh Bharadwaj and Atishi will be sworn in on Thursday.
FM may increase income-tax exemption limit to Rs 3 lakh
PAN could be used by the probe agencies.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
The economy hasn't gathered even half the traction that some of us assumed it would just a year back.
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.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
The meeting was held at the newly built convention centre at Pragati Maidan, which will host the G20 summit in September.
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
8 out of 10 households are planning to cut their tomato consumption if prices stay in the Rs 75-150 kg range over the next three months.
'AI is not a new thing for us. We started our AI journey in 2015.'
Indian charitable trusts, including Tata Trusts and top corporate donors, are stumped by a new tax law proposed in the Budget, which reduces tax breaks for the donor organisations. The Finance Bill proposes that if a charitable organisation donates to another charity, then only 85 per cent of the donation will be considered as application of income for the donor organisation. Trust officials say this is a major setback for the donor organisations, including corporate foundations and intermediary organisations, which work with various implementing agencies at the grassroots level.
Budget 2015 has blessed the banking sector.
Pharma body wants all excisable goods used for R&D purposes should be exempted from central excise duty.
GST will lead to consolidation of multiple indirect taxes
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
Allocation of portfolios would be the immediate vexatious issue for the party, with supporters of Virbhadra Singh already feeling sidelined after the elevation of the late chief minister's professed rival Sukhu.
For 2017-18, the plan size has been pegged by the Railways at Rs 1,31,000 crore.
