Budget 2014 Fact Check: Rs 4 Lakh Crore Tax Claims Stuck

Finance Minister Arun Jaitley, while presenting the first union Budget of the Bharatiya Janata Party-led National Democratic Alliance (NDA) Government, said over Rs 4 lakh crore of tax money is stuck in litigations and before the courts.   Jaitley said: “Tax demand of more than Rs 4 lakh crore is under dispute and litigation before … Continued

Union Budget 2014: Dope On Who Gets How Much

The Finance Ministry, Ministry of Defence and the Ministry of Consumer Affairs, Food and Public Distribution get the highest share of the union budget allocations this year. In the Ministry of Finance allocated Rs 427011.38 crore towards interest payments, which was a 12% increase over last year. And 23778.00 crore towards pensions, an increase of … Continued

Jaitley’s Big Bet on Disinvestment

Finance Minister Arun Jaitley has placed a huge bet on the appetite for shares of public sector undertakings (PSUs) among investors while presenting the Union Budget for 2014-15. Mr Jaitley expects to raise Rs 63,245 crore from disinvestment in the current financial year as against the revised estimates of Rs 25,841 crore in 2013-14 – … Continued

Make Rs 3.78 Lakh Income Totally Tax-Free: Survey

The “middle class” feels that the Government must make annual income of Rs 3.78 lakh totally tax-free since Rs 31,500 is needed for an average quality of life for a family of four people.   This was one of the key findings of a nationwide, pre-budget survey done by C-Voter. Finance Minister Arun Jaitley will … Continued