Finance Minister Nirmala Sitharaman gave a relatively short speech in Parliament today detailing government of India’s spending plans for the next financial year. Here is the full text of the FM’s speech on Budget 2022. “At the outset, I want to take a moment to express my empathy for those who had to bear adverse […]
Government of India today announced that it has removed about 70 out of the 100 deductions and exemptions that tax-payers could avail of to reduce their tax liability, and will deal with the remaining 30 in the coming year. The exact details of the exemptions and deductions that are being removed will be published soon. […]
The government can heave a sigh of relief as the Goods and Services Tax collection for January have come in slightly stronger than what many expected. The final number for January is Rs 88,929 cr, an increase of 6.3% over Rs 82,716 cr recorded in the previous month. The declines were a matter of concern […]
Jain Irrigation Systems, the country’s largest provider of drip irrigation and related equipment, said the budget for 2018-19 is likely to boost farmer incomes and benefit agricultural industries. It listed nine specific provisions in the budget that will have a benign effect on farmer incomes and spending, with the extension of minimum support price regime […]
The following is the full text of Arun Jaitley’s speech on the Union Budget for 2018-19. The major highlight of the budget in terms of taxation was the imposition of a 10% tax on long-term gains from equity investments. “Madam, four years ago, we pledged to the people of India to give this nation an […]
The following are the important highlights of the budget speech by finance minister Arun Jaitley for the year 2018-19. UPDATE: To read what Jaitley said about the imposition of tax on equity transactions, click here. To read his full speech, click here. The following are the major announcements of the Budget 2018-19. EQUITY MARKETS Long-term […]
Neem coating of urea, one of the key anti-diversion measures introduced by the Narendra Modi government to check the misuse of fertilizer urea by industries, seems to be paying off. According to the latest numbers, the Indian taxpayer saved about Rs 8,000 cr thanks to the move in the form of lower urea subsidy bill […]
India’s merchandise imports continued to grow at a blazing pace, widening the gap between the foreign exchange that the country earns from its exports and the money that it has to shell out for its imports. Imports for May rose by 33% compared to a year ago, resulting in a doubling of India’s trade gap […]
The spraying of urea, the most widely consumed fertilizer in India, with Neem oil is helping to increase the output of crops by about 10% on average, according to statistics produced by the food and agricultural ministry. The ministry found a 5.8% increase in paddy yield after the use of sprayed urea and increase of […]
The amount realised through the 5th Tranche of Sovereign Gold Bond (SGB) Scheme, is expected to cross Rs. 820 crore, the ministry of finance said. This was mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold. “These numbers are likely to go-up further as the receiving offices are still in the process […]
The following are the major tax related changes introduced in Union Budget for 2015-16 presented by Arun Jaitley in Parliament today. Objectives of tax policy [] Objective of stable taxation policy and a non-adveRs arial tax administration. [] Fight against the scourge of black money to be taken forward. [] Efforts on various fronts to […]
The following are the sector wise highlights of Union Budget 2015-16 presented by Arun Jaitley in Parliament today. Agriculture [] Major steps take to address the two major factoRs critical to agricultural production, that of soil and water. [] ‘Paramparagat Krishi Vikas Yojana’ to be fully supported. [] ‘Pradhanmantri Gram Sinchai Yojana’ to provide ‘Per […]
