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Cabinet nod for Budget overhaul: Why Modi govt wouldn't want to meddle with Railways' autonomy

Sep 22, 2016

Cabinet nod for Budget overhaul: Why Modi govt wouldn't want to meddle with Railways' autonomy

In terms of size, the Railways is the third biggest budget (Rs 1.71 lakh crore in 2016-17) after defence (Rs 2.49 lakh crore) and infrastructure (Rs 2.21 lakh crore). #finance ministry #Arun Jaitley #Railway Budget #Railways #Union Budget #Ministry of Railways #Freight Rates #Railways autonomy
Union Budget overhaul ends British legacy but will throw up major challenges on data

Sep 21, 2016

Union Budget overhaul ends British legacy but will throw up major challenges on data

The issue with such advancement is that a lot of data which is required when drawing up the Budget would not be available and hence there could be several guestimates rather than estimates #GDP #GST #Railway Budget #parliament #Union Budget #spending #advance tax #data #Plan Expenditure #Refunds #Non-plan Expenditure
Sensex closes above 29,000: Why the market may be moving towards a new high

Sep 08, 2016

Sensex closes above 29,000: Why the market may be moving towards a new high

Stock market analysts rule out any possibility of a major crash in the market, and expect FIIs to continue to pump in funds in the Indian stock markets #Sensex #Inflation #FIIs #Euro #fiscal deficit #Union Budget #US elections #Dalal Street #Brexit
Budget in January? It's more about politics than economics

Aug 23, 2016

Budget in January? It's more about politics than economics

The ostensible reasons for shifting the budget date to January next year are two-fold. One, since it takes till mid-May for the budget to pass, effectively two months of the financial year (April-March) elapse, giving the budget only 10 months to work its wonders. Shifting the budget to January means the whole budget will be done and dusted before the financial year begins. #InMyOpinion #Atal Bihari Vajpayee #NDA #Union Budget #PM Narendra Modi #Finance Minister Arun Jaitley #financial year #budget date
Union Budget may be advanced to 31 January; sweeping overhaul on the cards

Aug 22, 2016

Union Budget may be advanced to 31 January; sweeping overhaul on the cards

The government is of the view that the Budget exercise should ideally be over by March 31 every year as against the present practice of it being carried in two phases spread between February and May #finance ministry #Union Budget #Budget making process
No rail budget from next fiscal, to merge it with Union Budget

Aug 15, 2016

No rail budget from next fiscal, to merge it with Union Budget

If the merger happens, the Indian Railway will get rid of the annual dividend it has to pay for gross budgetary support from the government every year. #Finance minister #Arun Jaitley #PM #Railway Budget #Union Budget #Rail budget #Rail projects #General Budget #Gopal Mishra
GST Bill: How Narendra Modi coaxed a defiant Congress to clinch the deal

Aug 03, 2016

GST Bill: How Narendra Modi coaxed a defiant Congress to clinch the deal

For Modi, it’s a big-ticket reform item to showcase in his political rallies and silence his critics. For Jaitley, it is an achievement in his résumé as FM. As for the Congress, it is a lost political opportunity and for 1.25 billion Indians, the GST is an assurance that lawmakers haven’t totally forgotten their fundamental constitutional responsibility of law-making #Pranab Mukherjee #UPA #Finance minister #P. Chidambaram #Congress #BJP #Rajya Sabha #Bharatiya Janata Party #Lok Sabha #Arun Jaitley #AICC #Union Budget #Tax reform #Modi government #Indirect tax #Kelkar Panel #GST Bill #PM Modi
Prabhu writes to Jaitley, seeks merger of Railway and General budgets

Jul 14, 2016

Prabhu writes to Jaitley, seeks merger of Railway and General budgets

Currently railways is facing a loss of Rs 34,000 crore in passenger segment and its earnings are falling. #NewsTracker #Arun Jaitley #Indian Railways #Railway Budget #Union Budget #Suresh Prabhu