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News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Budget

Rajya Sabha to take up Finance Bill on May 9
Posted Date : 09-May-2016 , 08:50:56 am | Posted By CASANSAAR

Finance Minister Arun Jaitley will move the Finance Bill in the Rajya Sabha  on Monday for discussion after the Lok Sabha passed it last week with 21 changes including withdrawal of the proposal to tax withdrawal on provident fund.   Finance Minister Arun Jaitley retained the 1 ...

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Lok Sabha passes Finance Bill 2016
Posted Date : 05-May-2016 , 08:39:12 pm | Posted By CASANSAAR

  The Lok Sabha on Thursday passed the finance bill, retaining the excise duty on jewellers despite opposition from some political parties. In his reply to the finance bill, Arun Jaitley defended the government’s decision and said the tax was much lower than what was levied by som...

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Highlights of Delhi Budget 2016-17
Posted Date : 29-Mar-2016 , 07:22:18 am | Posted By CASANSAAR

The following are some of the highlights of the Delhi Budget for 2016-17: Items on which Value Added Tax (VAT) is proposed to be slashed from 12.5 percent to 5 percent * Sweets and Namkeens * Readymade garments costing above Rs.5,000 * Marble * Footwear costing above Rs.500 * Schoo...

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Delhi govt presents Rs 46,600 cr budget, no fresh taxes
Posted Date : 29-Mar-2016 , 07:19:47 am | Posted By CASANSAAR

Sweets, namkeens, shoes, readymade garments, watches, marble stone and electric vehicles will cost less in the national capital as the Delhi government reduced VAT on them while presenting a "tax-free" budget for 2016-17 with focus on education, health and transport sectors. ...

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Clarifications on levy imposed on jewellery
Posted Date : 04-Mar-2016 , 10:09:24 pm | Posted By CASANSAAR

In this year’s Budget, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to take credit of input services, which can be utilised for payment of...

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Union Budget 2016 - 17 Highlights
Posted Date : 29-Feb-2016 , 02:03:37 pm | Posted By CASANSAAR

Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty ra...

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FM spoke on the Key Reform Measures in his Budget speech 2016-17
Posted Date : 29-Feb-2016 , 01:24:18 pm | Posted By CASANSAAR

1. The Government is firm on its course towards fiscal consolidation without compromising on its development agenda. 3.5% fiscal deficit is targeted for FY 2017.  2. Total allocation for Agriculture, Farmers’ welfare and Irrigation set at Rs. 47,912 cr, which is nearly twice the alloca...

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Budget 2016 - Certain Tax Reliefs announced for small tax payers and others
Posted Date : 29-Feb-2016 , 01:23:12 pm | Posted By CASANSAAR

While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and this has to be cautiously exercised. But, he would like to give relief to small tax...

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Tax Proposals are aimed at Boosting Economic Growth and Employment Generation
Posted Date : 29-Feb-2016 , 01:22:19 pm | Posted By CASANSAAR

The Union Finance Minister Shri Arun Jaitley announcing the tax proposals in the Union Budget today said boosting employment generation through economic growth is a main objective behind these proposals. Other objectives, he said, would be for incentivizing ‘Make in India’, to promote me...

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Budget 2016 - Simplification and Rationalization of Taxation
Posted Date : 29-Feb-2016 , 01:12:53 pm | Posted By CASANSAAR

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the Government has already accepted many recommendations of Tax Administration Reform Committee. He further proposed to accept a number of recommendations of Justice Easwar Committe...

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Budget 2016 - Comprehensive Code on Resolution of Financial Firms to be Enacted
Posted Date : 29-Feb-2016 , 01:12:00 pm | Posted By CASANSAAR

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that in the financial sector, a comprehensive Code on Resolution of Financial Firms will be enacted. Together with the Bankruptcy and Insolvency Law, this will fill a major systemic vacu...

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A New Health Protection Scheme to provide health cover up to Rs.1 lakh per family
Posted Date : 29-Feb-2016 , 01:10:58 pm | Posted By CASANSAAR

The Minister for Finance and Corporate Affairs and Information and Broadcasitng, Shri Arun Jaitley has announced a New Health Protection Scheme in the Budget 2016-17. In his Budget address in the Parliament today, the Finance Minister expressed concern that a serious illness of family member(s) caus...

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Reforms in FDI Policy in the Areas of Insurance and Pensions, Asset Reconstruction Companies, Stock Exchanges
Posted Date : 29-Feb-2016 , 01:09:29 pm | Posted By CASANSAAR

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that to promote private participation in infrastructure projects, Public Utility (Resolution of Disputes) Bill will be introduced; and guidelines for renegotiation of PPP agreements will...

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Budget 2016 - Promoting a tax-friendly regime through a new Dispute Resolution Scheme’
Posted Date : 29-Feb-2016 , 01:08:23 pm | Posted By CASANSAAR

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that litigation is a scourge for tax friendly regime and creates an environment of distrust. Litigation also leads to increasing the compliance cost of the tax payers and administrative ...

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Budget 2016 - Compliance window to declare undisclosed income by paying 45% tax
Posted Date : 29-Feb-2016 , 01:07:03 pm | Posted By CASANSAAR

While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window.  Shri Jaitley proposed a limited period Compliance window for domestic taxpayers t...

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Budget 2016 - Companies Act 2013 to be amended to facilitate Ease of Doing Business
Posted Date : 29-Feb-2016 , 01:05:31 pm | Posted By CASANSAAR

A Bill shall be introduced in the current Budget session of the Parliament in order to amend the Companies Act 2013. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that this will remove the difficulties and impediments to ease of doi...

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Budget 2016 - Ek Bharat Shreshtha Bharat Programme to be Launched
Posted Date : 29-Feb-2016 , 01:05:06 pm | Posted By CASANSAAR

Ek Bharat Shrestha Bharat’ programme will be launched to link States and Districts in an annual programme that connects people though exchanges in areas of language, trade, culture, travel and tourism. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister S...

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Union Budget 2016 - Live Updates
Posted Date : 29-Feb-2016 , 12:47:09 pm | Posted By CASANSAAR

FM Arun Jaitley to present Union Budget 2016 today at 11.00 AM. CASANSAAR are providing you live updates of Union Budget 2016. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES. Finance Minister Arun Jaitley's budget speech ends. House adjourned till tomorrow. Finance Minister Arun Ja...

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Union Budget 2016 - Watch Live Telecast Online on casansaar.com
Posted Date : 29-Feb-2016 , 08:08:04 am | Posted By CASANSAAR

Hon'ble Finance Minister's Presentation of Union Budget in the Parliament on 29th Feb 2016, 11:00 AM IST.   ...

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Finance Minister to Present General Budget 2016-17 in Parliament
Posted Date : 29-Feb-2016 , 07:53:37 am | Posted By CASANSAAR

Finance Minister Arun Jaitley will present the General Budget in Parliament today for 2016-17. Mr Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third Budget as he seeks to garner resources to boost public spending for higher growth amid...

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Economic Survey 2016: Highlights
Posted Date : 27-Feb-2016 , 08:38:30 am | Posted By CASANSAAR

India expects its economy to grow 7-7.5% in the fiscal year to March 2017, the Economic Survey said on Friday, ahead of the presentation of the annual budget by finance minister Arun Jaitley on Monday. The Economic Survey, the basis for Jaitley's Budget for the fiscal year starting April 1, p...

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Finance Minister Shri Arun Jaitley Presents Economic Survey 2015-16 in the Parliament
Posted Date : 27-Feb-2016 , 08:33:29 am | Posted By CASANSAAR

Indian economy has taken impressive strides with reduction in macro-vulnerability due to reforms in key areas, pursuit of fiscal prudence and focus on price stability. The Economic Survey 2015-16 presented in the Parliament today by the Finance Minister Shri Arun Jaitley states that the benign price...

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Economic Survey 2015-16: Better off taking the benefit of subsidies; recommends interventions and rectification of anomalies
Posted Date : 27-Feb-2016 , 08:30:44 am | Posted By CASANSAAR

Economic Survey 2015-16 finds uneven distribution of Rs. 100,000 crore subsidies going to the better-off merely on account of 6 commodities like gold, LPG, Kerosene, Electricity, railway fares, aviation and turbine fuel (ATF) plus the Small Savings Scheme. The total amount given as subsidy is no les...

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Rail Budget 2016 - No Hike in Passenger Fare
Posted Date : 25-Feb-2016 , 02:27:06 pm | Posted By CASANSAAR

No Hike in Passenger Fare    65,000 Additional Berths and 17,000 Bio Toilets to be Installed   Operations Audit to Improve Punctuality of trains Proposed   Wi Fi Facilities in 400 more Stations   Stations to be Developed Under PPP Mode   Award of Civil Con...

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Rail Budget 2016 - Time Tabled Freight Container /Parcel Train to be Started this Year
Posted Date : 25-Feb-2016 , 02:23:49 pm | Posted By CASANSAAR

The Minister of Railways Shri Suresh Prabhakar Prabhu proposed three solution sets for reversing the trend of declining modal share of freight trains – expanding the freight basket of Indian Railways, rationalising the tariff structure and building terminal capacity.  The freight baske...

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Rail Budget 2016 - Railways to increase revenue through non-fare sources
Posted Date : 25-Feb-2016 , 02:22:21 pm | Posted By CASANSAAR

The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Indian Railways will increase the revenue through non-fare sources. While introducing the Railway Budget for 2016-17 in Parliament today, the Railway Minister said that the current revenue through non-fare sources is less than 5% a...

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Rail Budget - Indian Railways for 100 per cent transparency in all its Operations
Posted Date : 25-Feb-2016 , 02:21:29 pm | Posted By CASANSAAR

The Minister of Railways, Shri Suresh Prabhakar Prabhu said that the transparency is an important tenet of this Government. Presenting the Railway Budget 2016-17 in Parliament today he said , Indian Railway’s mission is to ensure 100% transparency in all its operations. He said, Indian Railway...

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Rail Budget - E-Booking of Tickets on the Concessional Passes for Journalists to be Introduced
Posted Date : 25-Feb-2016 , 02:20:47 pm | Posted By CASANSAAR

The Minister of Railways Shri Suresh Prabhakar Prabhu said that Indian Railways intends to commence sale of tickets through hand held terminals for the benefit of the suburban and short distance travelers. This would enable deployment of multiple ‘Points of Sale’ with minimal infrastruct...

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Rail Budget - Railways to implement EPC mode for undertaking works
Posted Date : 25-Feb-2016 , 02:20:03 pm | Posted By CASANSAAR

The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Engineering Procurement and Construction (EPC) mode will be implemented for allotting works to ensure participation of large professional players and minimizing cost and time overruns. While introducing the Railway Budget for 2016-...

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Rail Budget 2016 - Increased Outlay for Electrification of Railways
Posted Date : 25-Feb-2016 , 02:19:16 pm | Posted By CASANSAAR

The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget for 2016-17 in Parliament today said that electrical traction is more economical besides being environment friendly. In a business-as-usual approach, it may take us 10 to 15 years to complete the required elec...

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