The important budget session, which begins Feb 23, will see a push by the government for passage of the bills that will replace six ordinances promulgated since the last sitting of parliament.
The government’s decision not to extend excise duty concession has come as a setback to the consumer durable industry, says Anirudh Dhoot, Director, Videocon.
Before the Finance minister of the country presents the budget to Parliament on the last day of February, a lot of hard work goes on behind the locked doors of the Ministry of Finance in North Block. Here’s what you might have missed on the budget preparation process.
The survey was able to target employees from 18 broad sectors, with maximum share contributed by employees from IT/ITes sector (17 percent).
Finance Minister Arun Jaitley participating in the Halwa Ceremony to celebrate printing of Budget document.
The process of printing documents for the Budget 2015-16 began today with the ritual 'halwa ceremony', which was attended by Finance Minister Arun Jaitley in the North Block office.
Just a week ahead of the rail budget, the government has ruled out the possibility of reducing train fares
The Commission should make all efforts to encourage the growth of the ESDM sector in the country and will ensure that the country will play an important role in the emerging world information society.
The IT industry body has asked the government to address regulatory and tax challenges for technology startups and SMEs, like difficulties in access to funding for low asset based firms...
Devendra Shah, Chairman of Parag Milk Foods Pvt Ltd, India’s largest private dairy, feels that in Budget 2015 a few sectors such as food, pharma, capital goods and infrastructure will get a push.
Delayed payment of service tax further attracts huge interest at the rate of 18 percent and for delayed payment beyond six months, interest rate increases to 24 percent and beyond 12 months to 30 percent, the letter said.
The sector is in need of policy reforms, Seshasai said.
With Prime Minister Narendra Modi's emphasis on utilising social media to reach out to people, the first interviews of the Finance Minister and Railway Minister, after they present their respective budgets.
Lok Sabha Speaker Sumitra Mahajan has called a meeting of leaders of political parties on 22 February to ensure smooth run of the Budget Session
Sanjay Rohatgi, President of Symantec India, a Fortune 500 company, operating global data-intelligence networks, providing security, backup and availability solutions, tells Firstpost what he expects from the upcoming Budget which will be presented by Finance Minsiter Arun Jaitley on 28 February:
The new Indian government will unveil more reforms in the coming days, including in the budget this month to woo foreign investment, Sushma Swaraj said in a speech in a Muscat.
The present government is focusing more on solar and wind energy and the finance minister is likely to announce some tax incentives for the sector in his forthcoming Budget.
Faced with liquidity crunch, fertiliser industry body FAI has written to FM seeking arrangement of funds to clear outstanding subsidy arrears
Inverted duty structure refers to taxation of inputs at higher rates than finished products that results in build-up of credits and cascading costs.
Nullifying any fear of outflow of foreign funds from the country, Deutsche Bank CEO Ravneet Gill said that the prevailing global economic conditions coupled with a business-friendly leadership will help the country to ward off any negative impact on its finances.
In his Feb policy, Rajan is likely to keep his cards close to his chest, unless he chooses to go back to his reputation of springing surprises
The scheme of MAT is immoral as it casts aside the solemn provisions of the income tax law made by Parliament by a peremptory provision that undermines the former.
The first part of this session will continue till 20 March. The second part will commence after a month-long recess from 20 April. The session will conclude on 8 May, official sources said.
To ensure success of newly created REITs, property developers and consultants have sought more tax incentives in the upcoming union budget on investments through this route.
Finance Minister Arun Jaitley has time and again reiterated that the government is committed to restricting the fiscal deficit at 4.1 percent of the GDP, which would be the lowest in seven years, and has taken several steps towards it.
MUMBAI (Reuters) - The Reserve Bank of India says it is not locked into a specific number on the fiscal deficit, but will look at the overall budget package before deciding on interest rates, governor Raghuram Rajan told reporters on Tuesday. Earlier in the day, RBI held interest rates steady at 7.75 percent after easing monetary policy just three weeks ago, likely leaving its next move until after the government presents its annual budget at the end of this month
The defeat of the BJP in the Delhi Assembly elections will not slow down the pace of economic reforms, Finance Minister Arun Jaitley asserted today.
Ahead of the Budget, Finance Minister Arun Jaitley today hinted at more reforms for faster economic growth and rationalisation of expenditure, saying the government does not believe in living on borrowed money.
Modi brainstormed suggestions with leading economists at the maiden meeting of "think tank" NITI Aayog and will follow it up with another meeting with chief ministers on Sunday.