Opposition accuses govt of slashing spending on social schemes New Delhi, Mar 10 (PTI) Opposition in Lok Sabha today accused the government of slashing expenditure on various social sector schemes, cutting food and fertiliser subsidies and burdening the common man through the latest budget by doing nothing to check rising prices. They were also critical of […]
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Budget 2016
Rail Budget 2016-17 at a glance
Rail Budget 2016-17 at a glance (Rupees in crore) Description Revised 2015-16 Budget 2016-17 1. Gross Traffic Receipts 167834.00 184819.84 2. Miscellaneous Receipts […]
Rs 70,000 cr allocated for 7th pay commission in Budget 2016.
Rs 70,000 cr allocated for 7th pay commission in Budget 2016 The Budget document states that “the implementation of the Seventh Pay Commission due from January 1, 2016 is to be implemented during 2016-17 fiscal as also the revised One Rank One Pension (OROP) scheme for Defence services.” As much as Rs 70,000 crore has been […]
Heavy financial and legislative agenda for 3rd week of Budget session
Heavy financial and legislative agenda for 3rd week of Budget session Aadhar Bill, Whistle Blower Protection Bill, Child Labour Bill and time permitting Real Estate Bill among 12 Bills proposed for next week Both the Houses debate contentious issue during the first two weeks; Lok Sabha passes one Bill and Rajya Sabha clears 3 Bills […]
Budget Allocation of M/O Culture increased by 17.30% in Union Budget 2016-17
Budget Allocation of M/O Culture increased by 17.30% in Union Budget 2016-17 The Ministry of Culture has been allocated Rs. 2500.00 crore in the Union Budget for year 2016-17, comprising of Rs. 1755.00 crore under Plan and Rs. 745.00 crore under Non-Plan. The budget allocation for 2016-17 is further increased by 17.30%. During 2015-16, the plan and non-plan expenditure […]
Budget 2016-17 : Minority Affair’s Budget Increased by Over 87 Crores for 2016-17
Minority Affair’s Budget Increased by Over 87 Crores for 2016-17 Educational and Economic Empowerment Through Skill Development:Dr.Najma Heptulla For 2016-17, the Ministry of Minority Affairs has prioritized its focus areas in tune with the National priority for educational and economic empowerment through Skill Development.Dr. Najma Heptulla, the Union Minister for Minority Affairs said that almost […]
Press Statement Of NFIR General Secretary on General Budget
Press Statement Of M.Raghavaiah,NFIR General Secretary on General Budget Finance Minister Arun Jaitley’s Budget (2016-17) failed to address the genuine aspirations of working class. The Income Tax Exemption limit for serving and retired Central Government employees has not beenrevised. The Fixed Medical Allowance for Retired Central Government employees has not been raised to Rs. 20001- p.m. from the […]
GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’
GDP Accelerates to 7.6%; Budget 2016-17 Built on Agenda ‘Transform India’ While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that the growth of GDP has accelerated to 7.6% in the current Financial Year. This was possible notwithstanding the contraction of global exports by 4.4% compared […]
Budget 2016-17 : Measures for moving towards a pensioned society
Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case […]
Certain Tax Reliefs announced for small tax payers and others.
Certain Tax Reliefs announced for small tax payers and others. While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and this has to be cautiously exercised. But, he would like […]