Union Budget 2016

Union Budget 2016 News

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.

An ‘A’ for ambition

There are several good proposals in Budget 2016. Government’s ability to raise resources for the proposed programmes will depend on the growth of the economy.

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BJP asks MPs to take Budget to the people

Party chief Amit Shah told MPs that the they should take 'Budget to the people' by highlighting the schemes and ensure that the benefits reach grassroot levels.

Water for agriculture: The new irrigation thrust

Arun Jaitley’s Budget has sought to fast-track projects that have been languishing for want of funds

Public concerns on EPF taxation proposal legitimate, says Jayant Sinha

Facing all round criticism, finance minister Arun Jaitley on Tuesday rolled back the proposal to tax the EPF at the time of withdrawal.

After the rollback

Going back on its proposal to tax EPF must not mean that government abandons pension reform.

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Rs 70,000 cr allocated for 7th pay commission in Budget 2016

"We have provisioned for around 60-70 per cent of the total burden that was talked about," the official said adding about Rs 70,000 crore has been provided in the Budget.

Oil slip

The petroleum industry is in poor shape. Budget 2016 fails to lay out a clear roadmap

Interview with Shaktikanta Das: ‘If needed, Rs 5-7K cr can be added for PSBs capitalisation’

Also, with the amendments planned to the RBI Act, the government expects the Monetary Policy Committee to become functional by December, Das said in an interview.

Effective rate of the Krishi Kalyan Cess to be lower than 0.5 per cent

The effective rate of the Krishi Kalyan Cess, however, will be lower than 0.5 per cent as the government will provide input tax credit for the cess, as against no input tax credit for Swachh Bharat Cess.

Union Budget 2016 Photos

Budget 2016: Here are the top proposals from FM Arun Jaitley

Budget 2016: Union Finance Minister Arun Jaitleys' top proposals on MNREGA, NABARD and others

Budget 2016: Allocation for education, agriculture, health and other sectors

Finance Minister Arun Jaitley outlined the economic agenda of the ruling Narendra Modi-led government in his third budget presented in the Lok Sabha Monday.

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Union Budget 2016 Videos

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 […]

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 […]

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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: Expert View On What The Budget Has For Taxpayers

Finance Minister Arun Jaitley outlined the economic agenda of the ruling Narendra Modi-led government in his third budget presented in the Lok Sabha Monday. The budget was considered by many experts as being pro-poor and focusing extensively on the farming sector. – See more 

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 […]

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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 […]

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