The Bharatiya Janata Party (BJP) had promised in its 2014 Election Manifesto that it would work on a model wherein development would be “driven by the states”. Though the BJP-led National Democratic Alliance (NDA) Government is being criticised for not making any big breakthroughs in their first Union Budget presented earlier this … Continued
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
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
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
The primary objective of his government is to “rescue” the economy from concerns stemming from indecision, delays in project clearances and an unfriendly tax regime, Finance Minister Arun Jaitley tells T N Ninan in an interview on Doordarshan after presenting his maiden Union Budget. Edited excerpts: It is a difficult year but the … Continued
Amidst one of the longest Budget speeches (16,536 words), Finance Minister Arun Jaitley allocated Rs100 crore for a new programme: Beti Bachao, Beti Padhao Yojana. Let us look at some basic numbers first: Source: Census 2011 The child sex ratio (number of girls per 1,000 boys) has declined from 927 in 2001 to … Continued
Finance Minister Arun Jaitley presented the first Union Budget of the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) by not hiking tax rates and increasing the income tax limit to Rs 2.5 lakh. The Finance Minister has promised to meet the fiscal deficit target of 4.1% set by the interim budget, and has … Continued ...
With 56.6% of working population engaged in agriculture and allied activities (Census2011), agriculture is an important component for the Government to focus on in the Budget. Also, despite more than half of the country’s dependence on the sector for livelihood, it represents only about 14% to the GDP. However, here is some … Continued ...
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