The Union Budget 2023-24 was presented against the backdrop of some critical geopolitical developments and was the last full budget before the next general elections. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …
Luxury Sedans, SUVs Hit Speed-Breaker Harder With FM's New Cess Be prepared to shell out more for cars. Finance minister Arun Jaitley introduced an `infrastructure cess' in the Budget which will see a spike in car prices across categories--right from the entry-level Maruti `Alto' that gets dearer by Rs 3,000 …
A total of Rs 2,250 crore has been allocated to the Environment Ministry in this year's budget, an increase of around Rs 600 crore even as the government decided to increase the clean energy tax to Rs 400 per tonne. The Environment Ministry has got Rs 2,250.34 crore in the …
Finance minister Arun Jaitley’s third Union Budget on Monday left the middle class and salaried people high and dry, hit by slow economic growth and the rising cost of living. There was no increase in the income-tax exemption limits, nor was there any hike in tax-saving instruments. Only people earning …
Among his three Budget speeches so far in this government, Finance Minister Arun Jaitley for the first time included social sector focus as one of the nine pillars of his proposals. Apart from health and education, which make up bulk of the social sector allocation of Rs 1,51,581 crore this …
PANAJI: Goa Mineral Ore Exporters Association (GMOEA) on Monday welcomed the withdrawal of export duty of iron ores of below 58 grade by finance minister Arun Jaitley in its budget. The GMOEA appreciated the support from the defence minister Manohar Parrikar and the chief minister Laxmikant Parsekar in getting this …
BENGALURU: The frothing, dying Bellandur Lake may get a new lease of life. In a generous gesture by the Centre, the Union Budget has allocated `750 crore to the Bangalore Water Supply and Sewerage Board, primarily for the city’s polluted lakes. The board had sought only `500 crore, said a …
Union Budget allots just Rs 100 crore for the project. Hyderabad: Going by this year’s Budgetary allocation to the Polavaram project, considered the lifeline of AP, it would take around 300, not three years as claimed by Chief Minister N. Chandrababu Naidu, to complete it. Mr Naidu had often said …
Industry and farmer bodies have welcomed the budget's focus on expansion of irrigation across the country, which is likely to irrigate an additional lakh hectares. Currently, over 60 % of the total 142 million hectares of farm land in the country is not covered under irrigation. "This will be a …
Builders Pay No Tax For 300 Sq Ft Flats In Metros, 600 Sq Ft In Non-Metros It's a mixed bag for the real estate sector. The biggest bonanza is for Real Estate Investment Trusts (REITS), which are now exempt from paying the 17% dividend distribution tax (DDT) when they hand …
The domestic food processing industry may get a boost with the Budget providing for 100% FDI via the Foreign Investment Promotion Board (FIPB) route in marketing of food products manufactured in the country. Industry analysts say the measure paves the way for foreign investment in the largely fragmented domestic food …
The Budget documents presented to Parliament comprise, besides the Finance Minister's Budget Speech, of the following: Annual Financial Statement (AFS); Demand for Grants (DG); Appropriation Bill; Finance Bill; Memorandum Explaining the Provisions in the Finance Bill, 2016; Macro-economic framework for the relevant financial year; Fiscal Policy Strategy Statement for the …
There is a lack of clarity at the individual state level on tariffs and policies preventing execution of power purchase agreements (PPAs) in a time bound manner With Prime Minister Narendra Modi's focus on renewable energy in India, many expect Finance Minister Arun Jaitley to have a lot in store …
The Indian government is set to unveil its budget on Monday as it faces pressure to boost growth while also appealing to the country's poor. Having overtaken China as the world's fastest-growing economy, India is seen as a bright spot in the global economy. But it has been hit by …
The Centre has released Rs 1,931 crore till January-end this fiscal under its solar programme to encourage use of the renewable source of power, Parliament was informed on Thursday. In order to expand the use of solar energy in the country, the government has launched several schemes and released Rs …
All Railway Stations will be Covered With LED Luminaire in Next 2 to 3 Years Commissioning of Installed Capacity of 1000 MW Solar Power in Next 5 Years The Minister of Railways, Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2016-17 in Parliament today said that Environment in the …
Union Railway Minister Suresh Prabhu kept passenger fares and freight charges intact in Railway Budget, 2016, looking more towards more trains and dedicated corridors in a Budget he said was “focussed on growth, creating jobs and providing better service to passengers”. Prabhu introduced three new superfast trains and announced setting …
Huge budgetary allocation for promotion of solar power can be expected in the upcoming financial budget to be announced by the Indian government later this month. According to media reports, the government may consider earmarking financial as well as non-financial support for 3 GW of solar power capacity in the …
Affordable housing The Indian government cited that it would reduce carbon emissions relative to its GDP by 33% to 35% from 2005 levels by 2030. Some of the key expectations from Budget 2016 is that Government would support renewable energy in the country, enhancing the Make In India movement to …
However, observers say, more changes and clarifications needed on tax structures to go forward Is India's renewable energy sector ready to embark on Yieldco model? As India's renewable energy sector gets on to massive capacity addition, a yieldco-type model might come sooner than expected, though experts say prior taxation changes …
India may be in the pink of health once again with the Union health ministry expecting a 20-25 per cent hike in the upcoming health budget this time. Already one of the world’s lowest, the Narendra Modi government had kept a tight rein on public health spending by slashing the …
