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 […]
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7th CPC Special Compensatory Allowance : FINMIN
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Union Budget 2016-17
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 […]
Budget 2016 – The EPF tax will cost you, but not as much as you thought.
Now that retirement products and their design are on the table, it is a good time for the finance ministry to think through the entire retirement landscape at a much more conceptual level The controversy around Employees’ Provident Fund (EPF) began two weeks back, and not on Monday, when it was announced that the withdrawal […]
Modi has asked a task force of senior officials for makeover of bureaucracy
Modi has asked a task force of senior officials to suggest ways to restructure administrative machinery as per govt’s financial resources and focus areas of development. New Delhi: To make India’s notoriously huge bureaucracy agile and manageable, Prime Minister Narendra Modi has asked a task force of senior officials to suggest ways to restructure the […]
CITU Press Statement on Budget 2016 – 17 – Rich in Rhetoric; Poor in Substance
CITU Press Statement on Budget 2016 – 17 – Rich in Rhetoric; Poor in Substance 29.02.2016 Union Budget 2016 – 17 presented by the Union Finance Minister Arun Jaitley is nothing but a grand exercise in rhetoric totally devoid of anything substantial that provides relief to the common people and workers. The Finance Minister sought […]
PM Forms Task Force to Rationalise Central Govt Staff
PM Forms Task Force to Rationalise Central Govt Staff Prime Minister Narendra Modi has constituted a five-member task force to rationalise central government staff and ensure their maximum optimisation. The task force will be headed by Establishment Officer and Additional Secretary in Department of Personnel and Training (DoPT) Rajiv Kumar and it will submit its […]
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS).
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS). There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are given in this matter:- (i) […]
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 […]