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.


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.


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.