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Budget 2016 News

Finance Ministry

04 Nov 2016

Finance Ministry expects Budget to be presented on February 1

Finance Ministry is gearing up to present the Budget for next fiscal around February 1, advancing the scheduled date by a month so as to complete the entire process by March 31, and preparations for it are "very much under control", says a top official.

03 Jun 2016

Buying a car becomes costlier in India, again!

The GDP might be ‘climbing,’ but so are the grain prices; even fuel rates are going through the roof and it’s now time for car buyers to bear the brunt of the Modi government’s policies, again.

Items that will turn costlier

01 Jun 2016

Check out! List of products that will become costlier from today

Know the list of items that will turn costlier from June 1.

Items that will turn costlier

31 May 2016

List of products to get costlier from June 1

06 May 2016

Black money compliance window disclosures to be kept secret

Disclosures made in the 4-month compliance window beginning June 1 for domestic black money holders to come clean will be kept secret, according to an amendment to the Finance Bill 2016 approved by the Lok Sabha.

Finance Bill 2016

05 May 2016

India can grow faster if there is good monsoon: FM Jaitley

Already the fastest growing major economy in the world, India can grow at an even faster pace this year if predictions of good monsoon hold up, Finance Minister Arun Jaitley said Thursday.

05 May 2016

Lok Sabha approves Finance Bill 2016

The Lok Sabha on Thursday passed the Finance Bill, 2016 by a voice vote.

7th Pay Commission

14 Apr 2016

'Pay panel award may keep railway cost optimisation under stress'

Cost optimisation efforts of the Indian Railways will be under pressure this financial year due to implementation of the Seventh Pay Commission recommendations

13 Apr 2016

Jewellers call off 42-day strike after govt's assurance

Jewellers in the national capital on Wednesday temporarily called off their 42-day strike, demanding rollback of proposed excise duty on non-silver jewellery, for 12 days after the government's assurance that there will be no harassment by excise officials.

Jewellers' strike

08 Apr 2016

Jewellers strike goes on for another day

The festival of Gudi Padwa lost some sheen as jewellers' strike stretched for another day demanding rollback of one percent excise duty on non-silver jewellery.

Jewellers' strike

06 Apr 2016

No sign of end to jewellers' strike over excise duty

Jewellers, bullion traders and artisans in several parts of the country continued their indefinite strike today demanding rollback of 1 percent excise duty on non-silver jewellery.

Jewellers' strike

05 Apr 2016

No breakthrough for jewellers, strike continues for 35th day

The strike against one percent excise duty on non-silver jewellery continued for another day despite huge losses to the industry traders.

01 Apr 2016

ITR asset disclosure norm to affect 1.5 lakh ultra rich: Hasmukh Adhia

The new income tax return form requiring assessees earning more than Rs 50 lakh per annum to disclose assets will only impact 1.5 lakh ultra-rich individuals, the Revenue Department said on Friday.

Jewellers' strike

01 Apr 2016

Jewellers keep up pressure, strike spills into 31st day

Jewellers and bullion traders showed no signs of backing down in their protest against imposition of excise levy as the strike entered the 31st day Friday, with many keeping their shops shut demanding withdrawal of the budgetary proposal.

31 Mar 2016

Nothing to declare! Flyers not to fill customs form from tomorrow

The move is part of a new and simplified measure announced by Finance Minister Arun Jaitley while presenting the Budget for 2016-17.

30 Mar 2016

Impasse over jewellers' demands continues, shops shut

A large number of gold and jewellery establishments remained shuttered today as traders continued their strike to protest the Budget proposal to levy one percent excise duty on non-silver jewellery.

27 Mar 2016

Delhi budget tomorrow, boost for education, transport likely

Deputy Chief Minister Manish Sisodia will table the Delhi Budget tomorrow where education along with health and transport is likely to get major allocation.

personal finances

26 Mar 2016

This is how your personal finances will be affected from April 2016

Come April and you will see some changes in personal finances as you will be entering a new fiscal year (2016-17) and hence new budgetary provisions will govern you

Jewellers' strike

23 Mar 2016

Jewellers continue their strike for 22nd day

Many jewellery houses in the country including in Delhi are closed since March 2 after Finance Minister Arun Jaitley announced one percent excise duty on non-silver jewellery in the Budget.

Seventh Pay Commission

23 Mar 2016

7th Pay Commission: Cheers for govt employees! Centre to start paying increased salary from July

From July, government employees will get increased salary recommended by 7th Pay Commission along with six months'arrear.

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