budget 2016

budget 2016 News

Debt management: Centre plans to expand strategy

Move to ensure that heavy borrowings of states do not impact the govt’s bond issuance plan.

Healthcare & Education: Special focus calls for special tax breathers

Healthcare services are defined in a restrictive manner to cover services by way of diagnosis, treatment and care and no exemption is available for services offered for aesthetic / beauty enhancement purposes.

Advertising

Common man’s budget but has few issues, says Jitender Singh Tomar

The budget is a common man’s budget. Zero tax has been levied. But there are few issues. People from the footwear industry came to me this morning, saying they have to pay tax now on every product they sell.

Panel widens scope for taxing B2B digital services

The committee on taxation of e-commerce has said that levy should be chargeable on any sum that is received by a non-resident from a resident in India or a permanent establishment in India as a consideration for specified digital services.

An anaemic prescription

Budget 2016 is disappointing for India’s health. It will not cut the burden of catastrophic out-of-pocket expenditure.

Govt borrowings: FinMin to meet with RBI on March 18

The net borrowing has been targeted at Rs 4.25 lakh crore for the next financial year.

Advertising

Domestic car sales dip 2nd month in row, down 4.21% in February

According to the data released by the Society of Indian Automobile Manufacturers (Siam), domestic passenger car sales stood at 1,64,469 units in February as against 1,71,703 units in the same month last year.

Budget 2016: In the right direction

Budget 2016 has a greater focus on the rural and social sectors. But the challenge will lie in improving delivery systems.

Project-based rating: A new tool to fix credit crunch

The proposed rating system will shift the focus to infrastructure projects and various credit enhancement structures from the companies which were executing them.

Lower tax penalty: Litigation may reduce, but grey areas remain

The Centre has decided to lower the maximum penalty rates to reduce the high rate of tax litigation, but experts feel that discretion of assessing officer is one of the important areas that go unattended.

budget 2016 Photos

February Top Pictures: JNU protest, Jaitley's budget, Thane mass murder

JNU protest, Arun Jaitley's budget, Thane mass murder - Take a look at the top happenings in the month of February.

Budget 2016: Infrastructure and Investment sector

Finance Minister Arun Jaitley unveiled a slew of initiatives for the Infrastructure and Investments sector.

Advertising

#VikasKaBudget: Modi explains what budget means to you

Soon after the budget was announced, PM Modi re-tweeted Jayant Sinha's (MoS Finance) graphic cards explaining how the budget will impact people in different strata of the society.

budget 2016 Videos

Budget 2019 could give tax reliefs to make it popular

Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.

How Will The Proposed PF Tax Affect You

Breaking from the long-held practice of exemption at all stages, the Budget for 2016-17 seeks to impose a retirement tax at the time of final withdrawal on 60 per cent of contributions made after April 1, 2016, to EPF and other schemes. At present, social security schemes run by retirement fund body EPFO are tax […]

Advertising

The Big Picture Of Arun Jaitley's Budget 2016

Union Finance Minister Arun Jaitley is presenting his third budget, and his big ticket reforms so far have been focussed primarily on the rural and farm sectors, providing relief for farmers under distress. The finance minister said implementing the 7th Pay commission recommendations as well as the OROP will be a considerable burden on the […]

Cars To Become Expensive, How Will Budget 2016 Impact The Auto Sector

In his budget 2016 speech, the Finance Minster announced 1 per cent infra cess on all cars and an additional 2.5 per cent tax on diesel cars of all capacities. There’s an additional 1 percent tax on luxury cars and 4 per cent on SUVs.

Budget 2016: Experts React

Finance Minister Arun Jaitley today listed ‘nine pillars’ including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India. Unveiling the Budget 2016-17, he said the pillars also include emphasis on governance reforms. Aiming to double farmers income by 2022, the minister also announced an allocation of nearly Rs 36,000 […]

Budget 2016: Editors First Take on Arun Jaitley's Announcements

Union Finance Minister Arun Jaitley is presenting his third budget, and his big ticket reforms so far have been focussed primarily on the rural and farm sectors, providing relief for farmers under distress. The finance minister said implementing the 7th Pay commission recommendations as well as the OROP will be a considerable burden on the […]

Advertising

Shiv Sena leader Manisha Kayande says general budget a test for NDA Government

Shiv Sena leader Manisha Kayande on Monday said the General Budget proposals for fiscal 2016-17 will be a test for the NDA government, as the nation has high expectations from it. Kayande also warned that the ruling dispensation should be ready to face an opposition backlash. Kayande also reminded Prime Minister Narendra Modi of his […]

Arun Jaitley, Jayant Sinha at North Block ahead of Budget announcement

Finance Minister Arun Jaitley and Minister of State for Finance Jayant Sinha on Monday reached at the North Block today from where they headed to the Parliament to present the Annual Budget. To shore up revenues to meet the increased expenditure, the Finance Minister may need to increase indirect tax rates or introduce new taxes. […]

Arun Jaitley gears up to present Annual Budget in Parliament

Finance Minister Arun Jaitley gave finishing touches to the third annual budget of Prime Minister Narendra Modi’s government. Jaitley was accompanied by his junior colleague Jayant Sinha and other officials. In the 2016-17 fiscal year, India’s economy is expected to grow between 7 per cent to 7.75 per cent.

Common man's expectations from General Budget 2016

The nation’s eyes will be trained on Finance Minister Arun Jaitley, who will present the General Budget for the year 2016-17 in Parliament today. Here are some of the expectations by the common man narrated exclusively to ANI ahead of the Budget. Homemaker, Manju Singh on Monday said that the cost of all the commodities […]

Advertising