The Finance Minister Arun Jaitley is all set to address Parliament and table the Economic Survey on Tuesday. The Economic Survey features the economic growth forecasts, recommend policy changes and set the tone for the Union Budget to be presented on Wednesday. The Economic Survey is tabled just a day[Read More…]
Tag: budget
Modi reaches out to oppositions prior Budget 2017
Budget 2017 may inflate service taxes
Service tax rates have seen an increase over the last two years. In 2015-16, service tax was increased from 12.36% to 14%. The Swachh Bharat cess of 0.5% also was hitched to it. This financial year, the Krishi Kalyan cess of 0.5% was imposed, taking the tax rate to 15%.[Read More…]
No delay in presenting ‘Budget’, says SC
Modi’s new budget prioritises consumers before taxes
As Indian economy struggles with low consumer rate post demonetisation, PM Modi is expected to lower taxes in the Feb. 1 budget to spur consumption. The risk is that a cut in tax will rob Modi of a short-term revenue rush, which his administration had been endorse as proof of[Read More…]
EC seeks Centre’s reply on opposition’s demand to postpone budget
After opposition’s continuous demand to postpone the Budget session till the poll gets over, the Election Commission has sought a response from the government. Reportedly, the commission has written a letter to cabinet secretary Pradeep Kumar Sinha seeking response to the appeal by January 10. The Commission wants to know[Read More…]