Diabytes
Union Budget 2016 News
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Those earning up to Rs 5 lakh a year will now get a tax relief of Rs 5,000, up from Rs 2,000 previously.
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Jewellery traders numbering over a thousand on Saturday stopped a train at Ghaziabad Junction protesting against the excise duty imposed on gold and diamond jewellery in union budget 2016.
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The Indian Budget has received a positive response from the UK-based Indian business community but the issue of retrospective taxation was flagged as a concern by them.
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It said the policy agenda for reform and consolidation are credit positive, but implementation risks remain significant.
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Delhi CM Arvind Kejriwal on Tuesday slammed the Centre over the Budget proposal to make the EPF partially taxed.
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Just minutes before the Union Budget 2016 was tabled in the Lok Sabha yesterday by Finance Minister Arun Jaitley, Congress chief Sonia Gandhi had an expected meeting with Speaker Sumitra Mahajan, which has become viral on the social media on Tuesday.
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NDA MPs are attending a parliamentary party meeting on Tuesday, which has been convened a day after Finance Minister Arun Jaitley presented the Union Budget 2016 in the Lok Sabha.
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Creation of a Higher Education Financing Agency (HEFA) to finance educational institutions to ensure 20 such places of learning emerge as world class was among the announcements of the Union Budget 2016-17 presented on Monday.
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India unveiled a fire-fighting budget on Monday that seeks to win back support among rural voters for Prime Minister Narendra Modi`s government and sustain growth against a grim global backdrop - all without borrowing more.
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Possibly too keenly aware of the BJP being seen as corporate friendly and, possibly, deriving lessons from the Bihar drubbing, the government has most conspicuously given an agri and rural push.
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Fliers will have to shell out more with the government proposing a hike of 6 percent in excise duty on jet fuel but it would not be applicable to the proposed Scheduled Commuter Airlines (SCAs) under the regional connectivity scheme.
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National carrier Air India, which is expected to slash its net losses by around 40 percent this fiscal, will receive Rs 1,713 crore government funding for the next fiscal.
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Congratulating Union Finance Minister Arun Jaitley and his team for Union Budget 2016-17, Prime Minister Narendra Modi on Monday said that this budget is about the dreams of the people.
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Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.
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Facing challenges from both domestic and global fronts, Finance Minister Arun Jaitley on Monday presented Budget for financial year 2016-17.
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