Budget News - The Hindu

Budget sets priorities for government spending

Budget sets priorities for government spending TCA Sharad Raghavan The rural sector, a priority, is in a mess, so the Centre has to take action

Congress protests for withdrawal of EPF tax proposal

PTI Congress on Monday staged a protest here seeking immediate reversal of the Centre’s proposal to tax 60 per cent of Employees’ Provident Fund (EPF) at the time of withdrawal and warned of escalating pressure if the demand was not met. “The move to tax EPF will be a terrible blow to six crore employees covered under the EPF Act. The BJP-led central government is playing with their future. The proposal must be rolled back immediately,” Delhi Congress chief Ajay Maken said at the protest at Jantar M

The fidgety pursuit of a pensioned society

Vikas Dhoot The broader idea behind successive Budgets of this government has been to cast the pension net wider, but tardy follow through has marred the process even as 82 per cent of the workforce is still stuck with informal jobs. The shifting stance over taxing provident fund savings only illustrates the lack of a clear road map.

RBI pores over budget, worries on fiscal math

Reuters On Thursday, Junior Finance Minister Jayant Sinha acknowledged that a tight fiscal policy will help in further monetary policy easing.

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Budget 'Budget delivers on all counts'

Indian police sit in front of a closed jewelry shop during a strike in Ahmadabad, India, on Wednesday. Jewelers across the country have decided to go on a three-day strike from Wednesday to protest the proposed re-imposition of 1 per cent excise duty.

Business Up against excise duty, bullion traders shut shops for 2nd day

National Huge budget cut for ICDS

Dollar short-coverings by exporters on the back of firm American unit overseas amid heavy capital outflows also kept the rupee under pressure, a Forex dealer said. File photo

Budget Final call on EPF tax before Parliament debate

Wait for the good days got longer A government in the middle of its term could have taken bold decisions. The Budget leaves room for neither private borrowing nor public investment

Budget provides sops for exporters; revives SEZs Profit-linked deductions to continue for new SEZs starting activity before March-end 2020.

‘Casual workers too covered by ESI’ In a decision giving a wide interpretation to the term ‘employee’, the Supreme Court on Tuesday held that welfare schemes for social security and heal

The Union Budget’s political message The Union Budget 2016-17 is also the BJP’s way of trying to woo what was always a Congress constituency – rural India.

‘A disappointing Budget’ Who are the most disappointed hearing the Budget speech? The answer is ready — the salaried tax payer and the middle class. There was expectation that

Government tweaks Securities Transaction Tax Finance Minister increased the tax on speculative trading in derivatives segment.

Defence allocation marginally up The government on Monday allocated Rs. 2,49,099 crore for the defence sector for the year 2016-17, which is 11 per cent more than the revised estimate

Cuts for flagship urban schemes The Union Budget’s primary focus on addressing rural distress has hit the NDA government’s flagship urban policies, such as Smart City Mission and Ata

Budget 2016: Aadhaar to get legal backing Move will help empower women, and create employment for rural youth

No focus on generating jobs: industry experts The Hindu conducted a live chat with experts to understand the budget better.

Get ready to pay more for air travel Excise duty on aviation fuel up 6%

Only some relief for the common man, amidst a lot of expectations The Finance Minister presented this year’s Budget in the backdrop of a healthy growth rate, significant bounty from oil price reduction and a general