The Budget session of the Parliament is likely to begin from February 25 with the Presidential Address to a joint sitting of Lok Sabha and Rajya Sabha followed by presentation of rail budget and general budget on February 26 and 28.
Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.
The Indian economy is in a strong footing. The only areas of apprehension are the impact of crude prices on the fiscal situation and on the interest rates.
For 2017-18, the plan size has been pegged by the Railways at Rs 1,31,000 crore.
It is possible that the final Budget architecture may be at variance with the comments.
There will be many steps which will be taken outside the budget.
NDA leaders have decided not to allow transaction of any business in Parliament till 'tainted' Union ministers are dropped.
This comes as IR posted its worst operating ratio (money spent to earn every Rs 100) in 16 years, at 96.9 in 2016-17.
This is roughly 70% of the national transporter's budgeted wage bill of Rs 40,435 crore for the current financial year.
The 'slow pace' of acquisition of weapon systems is a matter of concern and the new government will work towards 'expediting' the procurement process to meet the requirements of the armed forces, Defence Minister Arun Jaitley said on Tuesday.
The Rajnath Singh Committee on Kelkar recommendations on direct and indirect taxes on Monday submitted its report to Bharatiya Janata Party President M Venkaiah Naidu in the presence of Deputy Prime Minister L K Advani.
Finance Minister P Chidambaram said on Wednesday that the recent electoral verdict has mandated him to protect and promote that part of the public sector that has created wealth and made India stronger while providing space for the private sector.
The government on Tuesday said the fiscal target set for 2003-04 was realistic and rejected as unfounded criticism that it would not be met.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
Jaitley began his speech by saying that today is the auspicious day of Basant Panjami and that "spring is the season of optimism".
Even as the Congress tired to shield Rahul Gandhi's surprise sabbatical ahead of the crucial Budget session, senior party leader Digvijaya Singh questioned his timing openly.
He did not announce any rollback on diesel price hike.
The amount constitutes 45 per cent of the railways' total wage bill.
The party said it is "considering opposing" the proposal for taxing the PF corpus in Parliament.
Opposition parties on Friday criticised the government's decision to hike railway fares terming it as "criminal" to burden the people with such an increase and questioned as to why Parliament was not taken into confidence before taking the step.
The biggest focus area turned out to be 'investment'.
The fiscal deficit in current fiscal has been estimated at 3.9%.
President Pranab Mukherjee addressed a joint session of Parliament ahead of the budget session which began on Tuesday. Here are the highlights of President Pranab Mukherjee's speech:
The government will give a final shape to its proposed flagship scheme on developing '100 smart cities' next month.
The Supreme Court had cancelled 204 such allotments.
For its development, India needs a movement akin to the freedom movement, Prime Minister Narendra Modi said on Saturday.
Successive plans have allocated less resources to the Railways.
The ministry had spent 82 per cent of that amount till the start of this month.
The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
The new government may enhance the Plan expenditure for 2014-15 by around Rs 11,000 crore (Rs 110 billion) in the Budget next month, which would be about 2 per cent higher than what was provided in the previous fiscal budget.
The FinCom has recommended a record 10% increase in states' share.
Any revision in gold import duty is unlikely to take place before the Budget, says finance ministry official.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Three key babus will make room for a new set of officers to carry the baton of Budget programmes.
The Rajya Sabha approved 15 legislations during the session while the Lok Sabha passed 23 bills, including the GST bills.
Let there be a rule that if the Budget is not passed and funds cannot be drawn from the Consolidated Fund of India, there will be a government shutdown as it happens in the United States, says A K Bhattacharya.
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