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Finance Minister Arun Jaitley's third Budget performed a delicate task of prioritisation: meeting additional spending burdens while staying on the previously announced path of fiscal consolidation. Jaitley kept infrastructure spending elevated while also addressing the slowdown in the rural economy; yet his estimates of increases in tax revenue were generally agreed to be reasonable, with the additional revenue coming from non-tax sources including disinvestment and spectrum auction receipts. This fiscal discipline will have increased pressure on the Reserve Bank of India to cut rates and spark an investment and growth recovery. ALSO READ:  Budget in 2 minutes                          Budget Nuts & Bolts THE KEY ISSUES CORPORATION TAX Option for New manufacturing firms to be taxed at 25%; one-time dispute resolution for retro tax PROVIDENT FUND Future deposits to be taxable in part when withdrawn Show ...

KEY HIGHLIGHTS -- GDP growth at 7.6% despite slowdown in global economy from 3.4% to 3.1%. CPI inflation down to 5.4% -- CAD from $18.4 billion in first half of last year to $14.4 billion this year -- To double income of farmers by 2022, sets aside Rs 35,984 crore for the purpose; to bring 28.5 lakh hectare under irrigation at a cost of Rs 17,000 crore -- Only 46% of 141 hectares of net cultivable area is irrigated, target to bring 28.5 lakh ha under irrgation, at Rs 17,000 cr next year Show full article Read more from our special coverage on "  Union Budget 2016 " Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016

Finance Minister Arun Jaitley unveiled a Budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling Bharatiya Janata Party (BJP) in coming state elections. Presenting his third Budget, Jaitley described Asia's third-largest economy as a bright spot in a gloomy global landscape but said the government wanted to ensure that the benefits of growth are more widely shared among India's 1.3 billion people. Show full article Read more from our special coverage on "  Union Budget 2016 " Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016

Finance Minister Arun Jaitley is set to present India's national budget for the next fiscal on Monday amid worries over the country's stagnating growth rate, government finances and direction of reforms. Will his proposals ease the fiscal burden of average citizens, notably individual tax payers, as also of the corporate sector is the question that comes to the forefront. Show full article Read more from our special coverage on " Budget 2016 " Budget 2016 News Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016

Budget  2016 countdown has begun and all eyes are yet again on Finance Minister Arun Jaitley with many more expectations. One of the major announcements to lookout for will be a possible revision of the  tax  slabs whereby tax exemption limits will be raised from Rs 2.5 lakhs currently to Rs 3 lakhs. The Economic Survey 2016 released on Friday has already suggested that tax exemption thresholds should not be raised but more measures should be taken to widen the tax net and end subsidies for the well-off. Below is the list of 5 expectations from the common man.  Show full article Read more from our special coverage on " Budget 2016 " Budget 2016 News Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016 Business Standard News

With the Railways worried about a continuous decline in its freight traffic, four measures have been announced. These are expanding the basket of items carried, rationalising of rates, signing of long-term contracts and building terminal capacity. Currently, their freight basket is dominated by 10 commodities — coal, cement, urea and so on — which have an 88 per cent share. “We need to look beyond these to expand our revenue base. A full-fledged market study is being undertaken…to recapture that traffic through either containerisation or new delivery models — roll-on, roll-off,” said Suresh Prabhu , the minister. Read our full coverage on Union Budget 2016 Read more from our special coverage on " RAIL BUDGET 2016 " Rail Budget 2016: Prabhu gambles on growth Union Budget may toe the line on pay panel proposals Passenger amenities: Prabhu taps technology to make travel comfortable, safe Taking a different course: Vivek Sahai Rail Budget 2016: Better journey for...

Click here -  Photo Gallery - Business Standard.com Ahead of the Union Budget, the  sugar  industry in a series of meetings with  Finance Minister  Arun Jaitley   and  Reserve Bank of India Governor Raghuram Rajan  have demanded that long-term financial viability of the sector should be ensured and a scheme to restructure outstanding loans be announced. Read Full Article Over Here :  Business Standard News