Budget on Feb 1-SC Dismiss Plea, EC gives nod but with riders
Posted Date : 24-Jan-2017 , 09:02:01 am | Posted By CASANSAAR
The Election Commission gave its nod to the Centre to present the Union Budget on February 1 ahead of the Assembly polls, but said no schemes related to these poll-bound states can be announced and the Finance Minister’s speech should not refer to the government’s achievements in these s...
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Budget 2017 to be presented on Feb 1, SC dismisses plea on postponing it
Posted Date : 23-Jan-2017 , 05:04:57 pm | Posted By CASANSAAR
Supreme Court on Monday dismissed the plea to change the Budget date from February 1. According to PTI, the Supreme Court dismissed the PIL, filed by ML Sharma, as there was no illustration to support that the presentation of the Budget would influence voters’ mind in state elections.
The P...
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Eight opposition parties demand postponement of Budget presentation to March 8
Posted Date : 05-Jan-2017 , 05:04:01 pm | Posted By CASANSAAR
Eight opposition parties including Congress, JD(U), and TMC today met the Election Commission and demanded that the budget should be presented after 8th of March which is the last day of voting in states going to polls.
Talking to media in New Delhi, senior Congress leader Ghulam Nabi Azad ...
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Union Budget likely to be tabled on February 1
Posted Date : 03-Jan-2017 , 10:24:46 pm | Posted By CASANSAAR
As part of a major overhaul of the budget process, the Cabinet Committee on Parliamentary Affairs (CCPA) on Tuesday recommended advancing the holding of the Budget Session from January 31 followed by the presentation of the Union Budget on February 1.
Both the address of the President and tabling...
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FinMim invites suggestions from public for forthcoming Budget
Posted Date : 30-Nov-2016 , 08:48:51 am | Posted By CASANSAAR
Finance Ministry has invited suggestions from public for Budget 2017-18 to encourage Jan Bhagidari and make the procedure of budget formation transparent.
According to a post on 'My Gov' portal, people can submit their suggestions by 15th of next month. People can submit suggestions...
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Union Budget 2017 to be presented on February 1
Posted Date : 16-Nov-2016 , 05:29:28 pm | Posted By CASANSAAR
The Union Budget will now be an early affair as the government has decided to present it on February 1. This announcement has come just a day before the start of the winter session of Parliament, to be held from November 16 to December 16, which is generally convened in the 3rd or 4th week of Novemb...
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Finmin seeks industry suggestions on taxation for Budget
Posted Date : 07-Oct-2016 , 07:05:21 pm | Posted By CASANSAAR
Gearing up for early presentation of Union Budget 2017-18, the Finance Ministry has asked industry and trade bodies to start sending suggestions on taxation and other fiscal issues.
The central budget for next financial year is likely to be presented in Parliament latest by February 2 or earlier,...
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Cabinet approves merging of Rail budget with Union Budget
Posted Date : 21-Sep-2016 , 07:15:10 pm | Posted By CASANSAAR
Ending a 92-year-old tradition, the Union Cabinet on Wednesday decided to merge the Railway budget with the General budget and agreed in-principle to advance the date of its presentation in Parliament from the usual February end.
The actual date for presentation of the General budget for 2017-18 ...
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Cabinet to consider Union Budget presentation on February 1
Posted Date : 21-Sep-2016 , 08:05:39 am | Posted By CASANSAAR
Breaking from tradition, the general budget of the Union government is likely to be presented on February 1 instead of the last day of the month, as part of an overhaul that would also scrap the practice of a separate railway budget.
The proposal for advancing of the budget and the merger of the ...
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Budget overhaul: FinMin readies presentation before PM
Posted Date : 13-Sep-2016 , 08:12:32 pm | Posted By CASANSAAR
The Indian finance ministry plans to make a presentation to the Prime Minister on the proposed overhaul of the Budget by shifting to outcome-based budgeting, and merger of rail with the general Budget.
Bringing forward the Budget presentation date by a month to January end, scrapping the distinct...
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Parliament passes Appropriation, Finance Bills 2016; Also clears Insolvency and Bankruptcy Bill
Posted Date : 12-May-2016 , 05:11:38 am | Posted By CASANSAAR
Parliament passed Appropriation and Finance Bills with Rajya Sabha returning them to the Lok Sabha after a four-hour debate. It also cleared the Insolvency and Bankruptcy Code,2016.
Replying to the debate on Appropriation and Finance Bills , Finance Minister Arun Jaitley asked the Congress to rec...
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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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