Union Budget 2016
Budget 2016: Industry leaders praise Jaitley's rural pushUnion finance minister Arun Jaitley's bid to boost rural and infrastructure sectors in Union Budget 2016 has been hailed by several industry leaders. - Final stand on taxing EPF during Budget debate: Arun Jaitley
Facing flak for proposing a tax on employee provident fund withdrawals, finance minister Arun Jaitley on Wednesday said he will spell out the final decision on the matter when he replies to the debate on Budget in Parliament. In the biggest budgetary boost for the tiger in recent years, the Centre has hiked its allocation for Project Tiger by nearly 80% for the coming fiscal year, - Babus' allowances balloon, match pay bill
According to the budget estimates of 2016-17, the total pay bill has increased by Rs 28,300 crore to Rs 90,598 crore in the next financial year as compared to Rs 62,230 crore in 2015-16. Usually, several budget proposals find their way into the media before they are announced. But this year the government followed a new system which ensured that even secretaries in the finance ministry didn't know proposals being pushed their colleagues until days before the budget. As the government sought to contain adverse fallout over an issue that touches nearly 7 million middle and upper middle class private sector employees, finance minister Arun Jaitley indicated he was willing to be flexible. - Budget 2016 walks on two legs of growth, inclusion
Budget 2016 - framed in the backdrop of rising rural distress, sluggish domestic demand, weak investment environment and intensifying global headwinds - tries to address the twin objectives of growth and inclusivity, while staying within the bounds of fiscal prudence. The reforms proposed in the Budget are big game changers. The move to open the road transport sector in the passenger segment will create jobs, new entrepreneurs and bring investments, economic affairs secretary Shaktikanta Das said on Tuesday. The government has finally provided legislative backing that will unleash the full potential of the incredible Aadhaar paltform along with that of India Stack. With focus on digital payments and incentives to start-ups, the finance minister has boosted Prime Minister Narendra Modi’s plans for digital India and start-up India. - Government to consider demands for rollback of tax on EPF withdrawals
- Budget 2016 shows govt’s commitment to fiscal stability: Shikha Sharma, MD, Axis Bank
- Budget 2016 attempts to achieve socialist objectives for the poor: Sudhir Kapadia
Sudhir Kapadia says that Budget 2016-17 clearly attempts to achieve socialist objectives for the poor at the cost of the ‘well off’ - Budget 2016: Fiscal discipline is good for country’s health, says Chanda Kochhar
Chanda Kochhar said that the most noteworthy highlight of the Budget is the adherence to fiscal targets without compromising on capital spending. - Budget 2016: Arun Jaitley sets the right agenda, time to build on the foundation, says Kunal Bahl
Kunal Bahl said that the given the turmoil in global markets, it is clearly India’s time to consolidate our positive position. - Budget 2016: Fiscal balance best insurance against global knocks, says FICCI mentor Arvind Virmani
The pleasant surprise is that the revised estimate for revenue deficit is 0.3% point lower than the Budget estimate for 2015-16. - Budget 2016: India poised to become a roaring tiger, says Arundhati Bhattacharya
The idea of digitising all educational certificates is a novel way to bring more transparency to the education sector and a great enabler for employment. - Budget 2016: A forward-looking, prudent, digital budget, says TCS CEO Chandrasekaran
- Budget 2016: Quite a few concerns for big taxpayers, says Vineet Agarwal, KPMG India
- Budget 2016: Now collaborate with Opposition to get GST through, says Sachin Bansal
Cheaper&Dearer
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