Incentivising domestic value addition to help Make in India While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that customs and excise duty structure plays an important role in incentivizing domestic value addition towards Make in India campaign. He proposed to make suitable changes in customs… Read More »
Reducing black money through a Scheme to declare undisclosed income by paying 45% tax in a given compliance window. While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley proposed a Scheme to declare undisclosed income by paying 45% tax in a given compliance window. Shri Jaitley… Read More »
Ek Bharat Shreshtha Bharat Programme to be Launched ‘Ek Bharat Shrestha Bharat’ programme will be launched to link States and Districts in an annual programme that connects people though exchanges in areas of language, trade, culture, travel and tourism. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun… Read More »
Budget 2016-17 presented in Parliament; Major focus on agriculture and farmers’ welfare 28.5 lakh Hectares to be brought under irrigation Rs. 2.87 lakh crore Grant in Aid to Gram Panchayats and Municipalities 100% village electrification by 1st May 2018 A massive mission announced to provide LPG connection to poor households New Health Protection Scheme to… Read More »
Corpus of Rs. 900 crores for Price Stabilisation Fund The Price Stabilisation Fund has been provided with a corpus of Rs.900 crore to supportS market interventions. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that monitoring of prices of essential commodities is a key element… Read More »
Government to Double the Income of Farmers by 2022 Unified Agricultural Marketing E-Platform to be Dedicated to the Nation on 14th April this Year The Union Finance Minister, Shri Arun Jaitley while presenting the General Budget today said that his Government intends to go beyond Food Security and give back a sense of income security… Read More »
Measures for promoting affordable housing While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley proposed to give 100% deduction for profits to an undertaking from a housing project for flats upto 30 sq. metres in four metro cities and 60 sq. metres in other cities, approved during… Read More »
WHAT IS THE BUDGET? A Government budget is a legal document that is – • Passed by the Parliament, and • Approved by the President. • The two basic elements of any budget are the revenues and expenses. WHEN IS THE BUDGET PRESENTED? The Union Budget is presented to Parliament in two parts i.e. Railway… Read More »