Union Budget 2016 News

Politics

Sebi service tax dues said to have risen to Rs130 crore

The service tax dept is said to have sent a fresh tax notice to Sebi in the beginning of 2017, taking its total tax dues to Rs130 crore from the earlier demand of Rs75 crore

1 min read4 Jul 2017
Politics

Finance ministry releases draft bankruptcy bill for financial firms

The draft proposes to consolidate the existing laws relating to certain categories of financial institutions known as 'covered service providers', including banks

1 min read29 Sep 2016
Industry

RBI, govt at odds over proposed data warehousing body

RBI is opposed to the idea of Financial Data Management Centre as it will reduce the independence of regulators

3 min read19 Sep 2016
Politics

Finance ministry releases revised guidelines for public-funded projects

The government in the Union Budget 2016 had announced to do away with plan, non-plan distinction at the end of the 12th five-year plan

1 min read28 Aug 2016
Companies

India’s Google tax may raise costs for Indian units of global firms

Effective 1 June, the equalization levy is aimed at indirectly taxing Internet firms like Google, Facebook and Twitter who make money from Indian advertisers

5 min read1 Jun 2016
Opinion

NDA hits reset on fiscal federalism

Devolution of taxes alone will not usher in a new federal set-up; it's time for fiscal federalism to be linked to resource federalism

7 min read23 May 2016
Industry

Arun Jaitley rejects calls to tax rich farmers

Finance minister Arun Jaitley says the current state of Indian agriculture does not warrant any such tax

1 min read6 May 2016
Politics

Govt collects 2.8 tonnes of gold under gold monetisation scheme

Temples and trusts have so far deposited a total of 1,512 kilograms of gold under the scheme, says minister of state for finance Jayant Sinha

1 min read4 May 2016
Politics

Budget allocation for health less than half of 12th Plan promises

Unless central and state financing is stepped up, the country's development will be affected, warn experts

3 min read28 Apr 2016
Market

Sebi slapped with Rs75 crore service tax demand

The first notice came in March 2015 when the regulator had said it was exempt from the tax under the Sebi Act

3 min read27 Apr 2016
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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