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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Rail Budget - Railways to provide 17000 Bio-Toilets in Trains under Swachh Rail Swachh Bharat Mission
Posted Date : 25-Feb-2016 , 02:18:23 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu said that in pursuance of our mission Swachh Rail Swachh Bharat, that Indian Railways will provide 17,000 bio-toilets in trains and additional toilets at 475 stations before the close of this financial year. Presenting the Railway Budget 2016-17...
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Rail Budget - Railways for Port Connectivity to Boost Country’s Imports and Exports
Posted Date : 25-Feb-2016 , 02:17:34 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that the Port connectivity is an important element to ensure seamless logistics to boost country’s imports and exports. Presenting the Railway Budget 2016-17 in Parliament today he said, last year, Railways had launched a coastal ...
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Rail Budget - Antyodaya Express and Deen Dayalu Coaches to be Introduced for the Unreserved Passenger
Posted Date : 25-Feb-2016 , 02:16:45 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament today proposed to introduce the Antyodaya Express, a long-distance, fully unreserved, superfast train service, for the common man to be operated on dense routes. He also said that tw...
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Rail Budget 2016 - Railways to ensure independence of Rail Development Authority
Posted Date : 25-Feb-2016 , 02:15:45 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu has said that Indian Railways will ensure the independence of Rail Development Authority which was proposed last year to enable fair pricing of services, promote competition, protect customer interests and determine efficiency standards. He was ...
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Rail Budget 2016 - Initiatives taken to improve Passenger Ammenities
Posted Date : 25-Feb-2016 , 02:14:54 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways. Presenting the Railway Budget 2016-17 in Parliament today, he said, it has been an unprecedented year for customer oriented works and Indian Railwa...
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Rail Budget - Ordinary Working Expenses in the R.E. 2015-16 decreased by Rs 8,720 crore
Posted Date : 25-Feb-2016 , 02:13:22 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in the Parliament today placed the Financial Performance data for 2015-16.
The Railway Minister said that there is a net reduction in Gross Traffic Receipts by Rs 15,744 crore in R.E. 2015-16 c...
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Wi-Fi Services at 100 Stations to be Commissioned this Year and at 400 more Stations in the next 2 Years
Posted Date : 25-Feb-2016 , 02:12:27 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting Railway Budget 2016-17 in Parliament today said that the process has begun to introduce Wi-Fi services at stations especially for youth and business travellers. He proposed to commission Wi-Fi services at 100 stations this year a...
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IRCTC has Begun the Process of Empanelling Self-Help Groups for Providing Catering/Cooking Services
Posted Date : 25-Feb-2016 , 02:11:43 pm | Posted By CASANSAAR
The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today said “Last year, I had appealed to various NGOs and Civil society to help Indian Railways on social issues such as sanitation and provision of basic amenities at stations. I a...
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Railways Vision 2020 to meet Long Felt Desires of Common Man
Posted Date : 25-Feb-2016 , 02:11:03 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that by 2020, Indian Railways look forward to meet the long-felt desires of the common man such as reserved accommodation on trains being available on demand, time tabled freight trains with credible service commitments, high end technol...
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Extension of e-Tourist Visa scheme to 37 more countries from tomorrow
Posted Date : 25-Feb-2016 , 10:45:40 am | Posted By CASANSAAR
The e-Tourist Visa (e-TV) facility will be extended to 37 more countries from tomorrow. The total count of countries under the scheme will become 150.
The new 37 countries included in e-Tourist Visa scheme are Albania, Austria, Bosnia & Herzegovina, Botswana, Brunei, Bulgaria, Cape Verd...
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Suresh Prabhu to present Rail Budget in Parliament today
Posted Date : 25-Feb-2016 , 09:04:20 am | Posted By CASANSAAR
Union Railway Minister Suresh Prabhu will present Rail Budget for fiscal year 2015-16 in the Parliament today.
This will be the Prime Minister Narendra Modi-led NDA Government's first full-fledged railway budget.
People have high expectations from th...
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Finance ministry to go green, print less copies of Economic Survey, Budget
Posted Date : 23-Feb-2016 , 10:08:45 pm | Posted By CASANSAAR
Finance Ministry has decided to go green and print lesser number of copies of the Economic Survey and Budget. This step has been taken on the recommendations of a Parliamentary Standing Committee. The copies of the two important documents would be available online once they are tabled in Parliament....
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Budget Session of Parliament commences from 23rd Feb.
Posted Date : 22-Feb-2016 , 09:44:05 pm | Posted By CASANSAAR
Budget Session of Parliament will begin from tomorrow. Since it is the first session of the new calendar year, it will begin with the address of President Pranab Mukherjee to the joint sitting of the Lok Sabha and the Rajya Sabha. During the session, the Rail Budget will be presented on 25th and Gen...
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Budget session from Feb 23; Rail Budget on 25th; General Budget on 29th
Posted Date : 04-Feb-2016 , 11:15:11 pm | Posted By CASANSAAR
The Budget Session of Parliament will commence on 23rd of this month. Talking to reporters after the meeting of Cabinet Committee on Parliamentary Affairs, Union minister Venkaiah Naidu said, Rail Budget to be presented on 25th, economic survey on 26th and general budget on 29th of February.
The ...
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FM kicks off preparations for Union Budget 2016-17; consults with economists
Posted Date : 19-Oct-2015 , 09:25:49 pm | Posted By CASANSAAR
Finance minister Arun Jaitley today kicked off preparations for the Union Budget 2016-17 by holding consultation with leading economists from within and outside the government at the National Institution for Transforming India (NITI) Aayog meeting.
AIR correspondent reports that the meeting with ...
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Finance ministry seeks public comments for Budget 2016-17
Posted Date : 23-Sep-2015 , 08:12:49 am | Posted By CASANSAAR
The finance ministry has decided to invite suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad-based.
The suggestions can be posted on http://mygov.nic.in portal.
"The ministry of finance has decided to invite suggestions for the Bu...
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Government Advances the Budget Formulation Exercise by over Two Months for the Financial Year 2016-17
Posted Date : 17-Aug-2015 , 09:45:49 pm | Posted By CASANSAAR
In consonance with the objective of the Government of India to have wider consultations with various stakeholders as well as to provide more time for planners, it has been decided to start the Budget exercise by middle of August, 2015 for the forthcoming Financial Year 2016-17.
The Budget c...
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Budget 2015 - Full Speech of FM Arun Jaitley
Posted Date : 28-Feb-2015 , 02:16:34 pm | Posted By CASANSAAR
Madam Speaker,
I rise to present the Budget of the Union for the year 2015-16.
2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges,...
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No Change in the Rate of Personal Income Tax on Income in Financial Year 2015-16
Posted Date : 28-Feb-2015 , 01:54:11 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley in his Budget Speech in Lok Sabha today proposed no change in the rate of personal Income-tax. He announced the tax proposals with no change in the rate of tax for companies in respect of the income earned in the financial year 2015-16, assessable in the ...
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