‘Impossible’ to double farmers’ income in 5 years: Manmohan Singh
Mumbai: The government’s announcement that farmers’ income would be doubled in the next five years is an “impossible idea”, former prime minister and noted economist Manmohan Singh said on Monday. He...
View ArticleHow Jaitley sticks to fiscal consolidation and does a costume change
New Delhi: Finance minister Arun Jaitley put his faith in fiscal prudence and capped fiscal deficit in the budget for 2016-17 at 3.5 per cent of gross domestic product (GDP), overriding a contrarian...
View ArticleThe Budget bouncer: 60% of EPF deposits to be taxed on withdrawal after April 1
New Delhi: 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...
View ArticleOnly EPF interest to attract tax, withdrawal will be exempted
New Delhi: Seeking to dispel fears of the salaried class, the government on Tuesday said PPF will not be taxed on withdrawal and only the interest that accrues on contributions to employee provident...
View ArticleEPF tax proposal withdrawn: Arun Jaitley
New Delhi: Finance Minister Arun Jaitley on Tuesday reversed the proposal to tax 60 per cent of Employees’ Provident Fund (EPF) at the time of withdrawal. Clarifying the government’s stand on EPF in...
View ArticleUnion Budget 2017: Major changes in tax structure likely in Budget, says Report
NEW DELHI: The much-awaited Union Budget for 2017-18 is expected to bring in some major changes to the tax framework for individuals and corporates following the demonetisation measure, a rating agency...
View ArticleBudget to make sweeping recast of direct taxes: SBI Research
NEW DELHI: The Government is likely to make sweeping recast of direct taxes in the ensuing Budget to give a boost to the economy following demonetisation, says a report. According to SBI’s research...
View ArticleBudget 2017 likely to stay away from any harsh measures: D&B
NEW DELHI: The forthcoming Union Budget is likely to stay away from any ‘harsh measures’ amid heightened economic uncertainty and the country facing considerable challenges from the demonetisation...
View ArticleTax rationalisation, digitisation key areas for Budget: HSBC
NEW DELHI: Among the key expectations from the ensuing Budget are a new fiscal policy framework, corporate tax rationalisation, higher rural capex and focus on efficient social sector spending, says a...
View ArticleAutomobile firms seek pep pill
New Delhi: The automobile industry expects finance minister Arun Jaitley to provide incentives in the upcoming budget to boost consumer demand and increase disposable incomes, which could help jack up...
View Article'Budget should tweak policy to boost electronics industry growth'
<strong>Bengaluru</strong>: Hoping to get an equal attention as the software industry does from the government, the electronics industry wants the budget 2016-17 to tweak its hardware...
View ArticleUnion Budget 2016: Income tax slabs unchanged; HRA limit hiked to Rs 60,000
<strong>New Delhi:</strong> The nation's eyes were trained on Finance Minister Arun Jaitley, as he presented the General Budget for the year 2016-17 in Parliament....
View ArticleUnion Budget 2016: Government puts more focus on rural sector, agriculture
<strong>New Delhi</strong>: Finance Minister Arun Jaitley in his ' Make in India' Budget speech laid more emphasis on agriculture and farmers welfare with an aim to double the farmers'...
View ArticleBudget 2016: Things which get dearer for common man
<strong>New Delhi:</strong> Finance Minister of India Arun Jaitley has presented country's national budget for the 2016-17 fiscal year in the Lok Sabha on Monday amid concerns over the...
View ArticleUnion Budget 2016: Arun Jaitley unveils nine-pillar agenda for transforming...
<strong>New Delhi: </strong>Finance Minister Arun Jaitley, who presented the General Budget for 2016-17 in Parliament today, said the agenda for the next year is to undertake...
View ArticleGovt tightens grip on domestic black money holders; 4 months window to come...
<strong>New Delhi</strong>: Government on Monday came out with one time four-month compliance window for domestic black money holders to come clean by paying tax and penalty of 45 per...
View ArticleUnion Budget 2016: Relief for small income tax payers; hike in super rich...
<strong>New Delhi:</strong> The Budget for 2016-17 today offered sops for small and marginal income tax payers, hiked the surcharge by 3 per cent on earnings above Rs 1 crore, levied a...
View ArticleCars set to become expensive as FM proposes infra cess of upto 4%
<strong>New Delhi:</strong> Car prices, including those of mass market small ones, are set to go up as Finance Minister Arun Jaitley on Monday proposed to levy an infrastructure cess of up...
View ArticleTobacco products to face 10-15 percent surge; cigarettes to cost more
<strong>New Delhi:</strong> Cigarette prices are set to go up for the fifth successive year in India with Finance Minister Arun Jaitley announcing 10-15 percent increase in excise duty for...
View ArticleKejriwal slams Union Budget 2016, says 'Modi govt cheated middle class'
New Delhi: Launching an attack over Finance Minister Arun Jaitley’s Union Budget, Delhi CM Arvind Kejriwal on Monday accused the Modi government of cheating the middle class. “Nothing for middle...
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