Aadhaar (Targeted Delivery of.....Tags : aadhaar number, bill, budget session
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#Union Budget 2021-2022: Finance Minister Proposes Revised Customs Duty Structure(01.02.2021)
Finance Minister has proposed to review over 400 old exemptions through extensive consultations for a revised customs duty structure free of distortio.....
Tags : Finance Minister, Union Budget, Revised Customs Duty Structure
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#Union Budget 2020-2021: Tax on Co-Operative Societies Reduced(01.02.2020)
Central Government has reduced the Tax on Co-operative societies to 22% plus surcharge, as against current 30%.
Tags : Union Budget 2020-2021, Co-operative Societies
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#Union Budget 2022-2023: Aim for Ecologically Sustainable Roads in Hilly Areas(01.02.2022)
Finance Minister has highlighted that in regards to plans of development of ecologically sustainable roads in hilly areas, the Government aims to prov.....
Tags : Union Budget, Finance Minister, Ecologically Sustainable Roads in Hilly Areas
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Budget Effects on Professionals(01.03.2016)
In a major relief for professionals and freelancers earning less than Rs 50 lakh per annum, Finance Minister Arun Jaitley has brought them under ambit.....
Tags : Budget, Professionals
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Lok Sabha Passes Finance Bill, 2019(12.02.2019)
Lok Sabha has passed Interim Budget for financial year 2019-20.
Tags : Lok Sabha, Interim Budget
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#Union Budget 2021-2022: Union Government Proposes Setting Up of Schools in Tribal Areas(01.02.2021)
Union Government has proposed setting up of 100 Sainik Schools and 750 Eklavya schools in tribal areas. A Central University will come up in Ladakh. F.....
Tags : Union Government, Union Budget, Setting of Schools
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#Union Budget 2020-2021: Corporate Tax Reduced for Existing Companies(01.02.2020)
Finance Minister stated that the Corporate tax for existing companies has been slashed to 22%.
Tags : Union Budget 2020-2021, Corporate Tax
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#Union Budget 2023-2024(01.02.2023)
Vivad se Vishwas I: Less stringent contract execution for MSMEs.
Vivad se Vishwas II: Easier and standardized settlement scheme.
Tags : Budget 2023-2024
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#Union Budget 2022-2023: Launch of New Portal for Skilling; Expansion of One Class, One TV Channel(01.02.2022)
Finance Minister has said that a new portal will be launched for skilling. One Class, One TV channel, will be expanded from 12 to 200 TV Channels to h.....
Tags : Union Budget, Finance Minister, New Portal for Skilling, One Class, One TV Channel
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#Union Budget 2021-2022: Union Govt Proposes Agriculture Infrastructure and Development Cess(01.02.2021)
Union Government has proposed Agriculture Infrastructure and Development Cess (AIDC) on petrol and diesel at the rate of Rs.2.5/litre on petrol and Rs.....
Tags : Union Government, Union Budget, Agriculture Infrastructure and Development Cess
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#Union Budget 2020-2021: Additional Rs 1.5 Lakh Tax Benefit on Affordable Housing Loans Introduced(01.02.2020)
Central Government has extended additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021.
Tags : Union Budget 2020-2021, Housing Loan
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#Union Budget 2022-2023: Overview of PM Gati Shakti(01.02.2022)
PM Gati Shakti has 7 engines and would include infrastructure development by States. National Highways network to be expanded by 25,000 kms in 2022-23.....
Tags : Union Budget, PM Gati Shakti
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Houses of Parliament pass several Bills(14.03.2016)
The Lok Sabha and Rajya Sabha kept up frenetic legislative activity, passing several Bills in the ‘first half’ of the Budget session. Of note is the R.....
Tags : Budget session, 2016, parliament, legislation
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Govt Proposes to Exemption Of Long Term Capital Gains Tax Only If STT Is Chargeable(02.02.2017)
Government has proposed to provide tax exemption on income arising from transfer of long capital asset acquired on or after 01/10/2004, only if acquis.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
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Budget 2018: No Change in Income Tax Slabs(01.02.2018)
Finance Minister has said that there will be no Change in Income Tax Slabs.
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2021-2022: Finance Minister Announces Allocations to Health and Wellness Sector(01.02.2021)
Finance Minister has announced Rs. 2,83,846 Lakh Crore for health and wellness sector which also includes Rs. 35,000 Crore for Covid-19 vaccines.
Tags : Finance Minister, Union Budget, Health and Wellness Sector
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#Union Budget 2022-2023: Overview of Domestic Procurement and Development in Defence Sector(01.02.2022)
Union Budget earmarks 68% capital procurement budget for domestic procurement. Defence R&D will be opened up for start ups, private industry and acade.....
Tags : Union Budget, Domestic Procurement, Development in Defence Sector
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JKL HC: Benefit Under Budgetary Support Scheme is Not a 'Right' But Only a Concession(28.06.2023)
Jammu and Kashmir and Ladakh High Court while observing that benefit provided under the Budgetary Support Scheme is not a 'right' but only a concessio.....
Tags : Jammu and Kashmir and Ladakh High Court, Budgetary Support Scheme, Concession
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SC Accepts Delhi Govt. Statement to Make budgetary provisions to Contributions Towards RRTS Project(26.07.2023)
Supreme Court while noting that if INR 1100 crores can be spent for advertisement in the last 3 financial years, contributions can be made to infrastr.....
Tags : Supreme Court, RRTS Project, Budget
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#Union Budget 2023-2024(01.02.2023)
Extending benefits of standard deduction to new tax regime for salaried class and pensioners.
Increasing tax exemption limit to Rs. 25 lakh on leave .....
Tags : Budget 2023-2024
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#Union Budget 2022-2023: Launch of National Mental Health Tele-programme(01.02.2022)
Finance Minister has informed on launch of National Mental Health Tele-programme with NIMHANS being Nodal centre, highlighting the accentuated mental .....
Tags : Union Budget, Finance Minister, National Mental Health Tele-programme
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RBI seeks Comments/Feedback on Report of the Working Group on the Implementation of Indian Accounting (20.10.2015)
Reserve Bank of India has released the Report of the Working Group on the Implementation of Indian Accounting Standards by Banks in India. The Report .....
Tags : Rbi, international reporting, accounting, india, standards, budget
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#Budget2019: Government Announces PM Kisaan Samman Nidhi Yojana for Small Farmers(01.02.2019)
Government has announced that under kissan Samman Nidhi Yojana scheme farmers who have up to two hectares of land, direct income support of Rs. 6,000/.....
Tags : Budget 2019, #Budget2019, kissan Nidhi Yojana
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Union Budget 2019: Union Finance Minister Nirmala Sitharaman Presents First Budget of New Government(05.07.2019)
The Union Finance Minister Nirmala Sitharaman has presented her first budget and the second woman after Indira Gandhi on behanlf of the new Government.....
Tags : Union Budget 2019, Finance Minister
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Real estate bill passed, aadhaar number changes rejected(15.03.2016)
The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....
Tags : Parliament, legislation, budget 2016, companies amendment
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Budget 2018: FM to Present Modi Govt's Last Full-Year Budget(01.02.2018)
Union Finance Minister Arun Jaitley will present the Union Budget for 2018-19 today. The first phase of the Parliament Budget session began on January.....
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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Union Budget 2017-18: Key Updates(01.02.2017)
#India abolishes Foreign Investment Promotion Board (FIPB), the body which approves all inbound FDI investment proposals.
#Payment regulatory board t.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
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#Union Budget 2022-2023: Union Budget Reduces Alternate Minimum Tax for Cooperative Societies(01.02.2022)
Union Budget reduces alternate minimum tax for Cooperative societies to 15% . Surcharge has also been reduced to 7% for those cooperative having incom.....
Tags : Union Budget, Reduction in Alternate Minimum Tax for Cooperative Societies
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#Union Budget 2020-2021: New Power Generation Companies to be Taxed at 15%(01.02.2020)
Central Government with an aim to boost power generation capacity, has extended the new corporate tax regime for new manufacturing plants to new power.....
Tags : Union Budget 2020-2021, Power Generation Companies
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#Union Budget 2022-2023: Overview and Inclusive Development of Agricultural Sector(01.02.2022)
Finance Minister has announced support for post-harvest value addition for millet products, as 2022 will be Year of Millet. Procurement of Wheat and R.....
Tags : Union Budget, Finance Minister, Inclusive Development of Agricultural Sector
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Govt Proposes to Change Base Year For Computing Capital Gains to 2001 From 1981(02.02.2017)
Government has proposed that cost of acquisition of an asset acquired before 01.04.2001 shall be allowed to be taken as fair market value as on 01.04......
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
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Budget 2018: Govt to Contribute 12% of EPF Contribution for New Employees in All Sectors(01.02.2018)
Government will now contribute 12 per cent of employee provident fund (EPF) to the new employees in all sections. The Employees Provident Fund Act wil.....
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2022-2023: Financial Assistance to States for Capital investment(01.02.2022)
Under the scheme for Financial Assistance to States for Capital investment, for 2022-23, the allocation is 1 lakh crore to assist States. This will be.....
Tags : Union Budget, Financial Assistance to States
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SC Criticizes Punjab CM and Governor Over Delay in Summoning of Budget Session(01.03.2023)
Supreme Court while criticizing both Chief Minister of Punjab and Governor for the dereliction stating that constitutional dialogue between functionar.....
Tags : Supreme Court, Chief Minister, Governor, Budget Session
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Govt Proposes To Make Conversion Of Preference Shares To Equity Shares Tax Neutral(02.02.2017)
Government has proposed to provide tax neutrality to conversion of preference shares of a company into equity shares of that company by excluding such.....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
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Budget 2018: FM Projects Fiscal Deficit of 3.3% of GDP(01.02.2018)
Finance Minister Arun Jaitley has vowed to keep fiscal deficit at 3.3%.
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2021-2022: Finance Minister Announces Aatmanirbhar Health Yojana(01.02.2021)
Finance Minister has announced Aatmanirbhar Health Yojana with an outlay of Rs. 64,180 Crores over 6 years to strengthen the National Centre for Disea.....
Tags : Finance Minister, Union Budget, Aatmanirbhar Health Yojana
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#Union Budget 2022-2023:Outlay for Capital Expenditure(01.02.2022)
Union Budget has stepped up the outlay for capital expenditure by 35.4% to 7.50 lakh crores in 2022-23. This outlay will be 2.95 of the GDP. Further,.....
Tags : Union Budget, Capital Expenditure
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Procedure for manual disbursal of budgetary support under GST Regime to the units located in States of J & K , Uttarakhand, Himachal Pradesh and North East including Sikkim(27.11.2017)
As you are aware, under the Central Excise regime as its existed prior to 01.07.2017, the units located in the states of Jammu & Kashmir, Uttarakhand,.....
Tags : GST Regime, Budgetary Support
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Budget Brings Big Change in Pensions(01.03.2016)
NPS has now been made partially tax exempt, and EPF and superannuation funds, which were tax-free on maturity, are now partially taxable.
Tags : Budget , Pensions
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Lok Sabha Passes Interim Budget(12.02.2019)
Lok Sabha has passed Interim Budget for financial year 2019-20.
Tags : Lok Sabha, Interim Budget
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#Union Budget 2021-2022: Union Government Proposes to Ease Compliance Burden for Filing ITR(01.02.2021)
Union Government has proposed to reduce compliance burden on people above 75 years, who get pension and earn interest from deposits, from filing of In.....
Tags : Union Government, Union Budget, Compliance Burden
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#Union Budget 2020-2021: Simplied Personal Income Tax Regime Introduced(01.02.2020)
Central Government has introduced a new simplified personal income tax regime. The same is as follows (i)Individual to pay tax 10% for income Rs. 5 to.....
Tags : Union Budget, Personal Income Tax Regime
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#Union Budget 2023-2024(01.02.2023)
Entity Digi Locker to be set up for use by business enterprises and charitable trusts.
Setting up of National Financial Information Registry.
Settin.....
Tags : Budget 2023-2024
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#Union Budget 2022-2023: Finance Minister Informs on Finalization of Draft DPR for River Links(01.02.2022)
Finance Minister has informed that Draft DPR for 5 river links have been finalised, whereby the Centre will provide support for their implementations......
Tags : Union Budget, Finance Minister, Finalization of Draft DPR for River Links
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Delhi HC Enquires Over Budget Approval for Hybrid Hearings Without Involvement of Experts(22.10.2021)
Delhi High Court has questioned as to how the revised estimate of over Rs. 79 crores was approved by the Delhi Government for providing infrastructure.....
Tags : Delhi High Court, Budget Approval for Hybrid Hearings
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Budget 2018: Govt. Proposes to Tax Long Term Capital Gains Exceeding Rs 1 lakh(01.02.2018)
Government has proposed to tax long term capital gains exceeding Rs 1 lakh at 10 per cent without indexation.
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2021-2022: Finance Minister Proposes Launch of National Monetising Pipeline(01.02.2021)
Finance Minister has proposed to launch a national monetising pipeline and a dashboard to overlook the progress, stating that monetising operating pub.....
Tags : Finance Minister, Union Budget, National Monetising Pipeline
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#Union Budget 2022-2023: Acceleration of Corporate Exit and Launch of E-Bill System(01.02.2022)
Finance Minister has said that accelerated corporate exit will be facilitated by reducing it from 2 years to 6 months. E-bill system will be launched .....
Tags : Union Budget, Finance Minister, Corporate Exit, E-Bill System
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Supreme Court Quashes Plea For 'Urgent Hearing' of Petition to Defer Budget Presentation(06.01.2017)
Supreme Court has refused an urgent hearing on a plea seeking postponement of presentation of Union Budget due to assembly elections in five States.
Tags : Supreme Court , Union Budget, assembly elections
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“Tribhuvan” Sahkari University Bill Introduced in Lok Sabha(04.02.2025)
“Tribhuvan” Sahkari University Bill has been introduced in the Lok Sabha during the ongoing budget session of Parliament. The Bill aims to create a qu.....
Tags : “Tribhuvan” Sahkari University, Lok Sabha, Budget Session
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Budget 2018: Corporate Income Tax Rate Cut to 25% for Companies with Turnover of Upto Rs 250 crore(01.02.2018)
Government has proposed to cut the corporate income tax rate to 25 percent for companies with a turnover of upto Rs 250 crore.
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2021-2022: Finance Minister Announces PLI Scheme for 13 Sectors(01.02.2021)
Finance Minister has announced a PLI scheme for 13 sectors. The Government has committed Rs 1.97 lakh crore over the next 5 years. In addition to earl.....
Tags : Finance Minister, Union Budget, PLI Scheme
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#Union Budget 2022-2023: Telecommunication Development in Rural Areas(01.02.2022)
Finance Minister has stated that 5% annual collection of service obligation fund will be allocated for rural telecom and broadband development. Contra.....
Tags : Union Budget, Finance Minister, Telecommunication Development
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Budget session 2016 from 23 February till 13 May(04.02.2016)
The Budget Session of the Parliament in 2016 will begin 23rd February and end on 13th May. The Sessions is expected to have a total of 31 sittings ove.....
Tags : Budget, session, 2016, parliament
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#Budget 2025 - New Tax Slabs(01.02.2025)
0 – 4 Lakh Rupees – Nil; 4 - 8 Lakh Rupees – 5% ; 8 – 12 Lakh Rupees – 10% ; 12 – 16 Lakh Rupees – 15% ; 16 – 20 Lakh Rupees – 20% ; 20 – 24 Lakh Rupe.....
Tags : New Tax Slabs, Budget, 2025
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#Budget2019: Government Increases Gratuity Limit to Rs. 30 Lakh(01.02.2019)
Union Finance Minister Piyush Goyal has announced increase in gratuity limit from Rs. 10 lakh to Rs. 30 lakh.
Tags : #Budget2019, Budget 2019, Full Tax Rebate for Those Earning Up to Rs. 5 Lakh
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Union Budget, 2019: Cos Having Turnover of Less Than Rs 5 Cr Will Have to File GST Quarterly Returns(05.07.2019)
Union Finance Minister Nirmala Sitharaman has informed that companies having turnover of less than Rs 5 crores will have to file GST Quarterly Returns.....
Tags : Union Budget 2019, GST
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#Union Budget 2020-2021: Deposit Insurance Cover Increased to Rs 5 Lakh(01.02.2020)
Finance Minister noted that the depositors money in schedule commercial banks absolutely safe. Insurance cover on deposists by DICGC to be hiked to Rs.....
Tags : Union Budget 2020-2021, Insurance Cover
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#Union Budget 2023-2024(01.02.2023)
Make AI in India: Three specialized AI centres to be set up in Educational Institutes.
National Data Governance Policy to be introduced.
Phase 3 of .....
Tags : Budget 2023-2024
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#Union Budget 2022-2023: Launch of Digital University(01.02.2022)
Finance Minister has said that a digital university will be established for world- class education, in different languages, based on networked hub mod.....
Tags : Union Budget, Finance Minister, Digital University
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SC: Govt. is not Bound by Budget Speeches(26.07.2016)
SC has held that Budget speeches by the Union Finance Minister are not enactments by Parliament and a Government cannot be bound under law by them.
Tags : SC , Union Finance Minister , Govt., Budget Speeches
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#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)
Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....
Tags : Union Budget, Finance Minister, Central Bank Digital Currency
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Budget 2018: Govt. Proposes Exemption in Income of Rs 10,000 from Banks FD for Senior Citizens(01.02.2018)
Government has proposed to increase exemption of income from interest on bank deposits to Rs 50,000 for senior citizens.
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2021-2022: Union Govt to Create Framework to Tackle Monopoly of Power Distribution(01.02.2021)
Union Government proposes to create a framework to allow consumers of electricity alternatives to choose from more than one Distribution Company, in a.....
Tags : Union Government, Union Budget, Monopoly of Power Distribution
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Govt Notifies Finance Act 2018(31.03.2018)
Ministry of Finance has notified the Finance Act, 2018 applicable with effect from 1st April 2018.
Tags : Budget 2018, Finance Act
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Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)
Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from the Maharashtra Gove.....
Tags : Bombay High Court, Universities Budget
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#Union Budget 2022-2023: Post Office to Come Under Core Banking Systems(01.02.2022)
Finance Minister has said that 100% of 1.5 lakh Post Offices will come on Core banking systems to help farmers and senior citizens in rural areas. Go.....
Tags : Union Budget, Finance Minister, Core Banking Systems
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Economic Survey: 50% Increase in Indirect Taxpayers Post GST(29.01.2018)
The Economic Survey 2018 tabled by Finance Minister Arun Jaitley in Parliament points to a 50% increase in the number of indirect taxpayers after the .....
Tags : Economic Survey, Budget
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Union Budget 2017-18: Key Updates(01.02.2017)
#Surcharge of 10% on individuals earning between Rs 50 lakh to Rs 1 crore.
#Foreign investors will not have to pay tax after cashing out of offshore .....
Tags : Budget 2017-18, Union Budget, Rail Budget, Arun Jaitley, Finance Minister
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#Union Budget 2022-2023: FM Allows Parents to Take Insurance from Children with Disability(01.02.2022)
Finance Minister has stated that the parents or guardian can take insurance from their children with disabilities. The payment of annuity or lump sum .....
Tags : Union Budget, Finance Minister, Insurance from Children with Disabilities
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Budget 2018: Govt. Proposes to Introduce Tax on Distributed Income by Mutual Funds(01.02.2018)
Government has proposed to introduce tax on distributed income by equity oriented mutual funds at 10 per cent.
Tags : Manupatra, Budget, Union Budget, Budget 2018, Modi Government, Arun Jaitley
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#Union Budget 2021-2022: Finance Minister Proposes Unified Securities Market Code(01.02.2021)
Finance Minister proposes to consolidate the provisions of the Securities and Exchange Board of India Act, 1992, Depositories Act, 1996 and two other .....
Tags : Finance Minister, Union Budget, Unified Securities Market Code
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Finance Minister Unveils the Union Budget 2020-2021(01.02.2020)
Finance Minister Nirmala Sitharaman has tabled the Union Budget 2020 in the Lok Sabha. She has said in her budget speech that the budget is aimed at b.....
Tags : Finance Minister, Union Budget 2020-2021
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Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)
Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from Maharashtra Governme.....
Tags : Bombay High Court, Universities Budget
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#Union Budget 2022-2023: Finance Minister Informs on Plans Under Aspirational Districts Programme(01.02.2022)
Finance Minister has stated that in 2022-23 Aspirational districts programme will focus on lagging blocks. Vibrant villages programme for border villa.....
Tags : Union Budget, Finance Minister, Aspirational Districts Programme
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