Jewellery demand likely to remain subdued
ICRA expects volumes to recover in 2017 (3-4 per cent growth), post the likely stabilization of gold prices at higher levels Mumbai: The jewellery demand in India is expected to remain subdued in th...
Tag Archives: Union Budget 2016-17
Final call on EPF tax before Parliament debate
Finance Minister Arun Jaitley said that the government would take a final decision on his budget proposal to tax 60 per cent of employees’ provident fund (EPF) savings of those earning over Rs.15,000...
EPF tax: Government in damage control mode
People unnecessarily misuse the EPF route for tax avoidance, says Revenue Secretary Adhia. Tax benefits on the Employees’ Provident Fund (EPF) are not meant for those who earn Rs. 2 crore a month, Re...
Compliance window is neither VDIS nor amnesty: Jaitley
The four-month compliance window for domestic blackmoney holders is not an amnesty scheme, Finance Minister Arun Jaitley said on Monday. Amnesty, Arun Jaitley said, is that 1996 VDIS and the present ...
Budget is pro-village, pro-poor, pro-farmers: Modi
Prime Minister Narendra Modi during the presentation of the Union Budget 2016-17 in the Lok Sabha in New Delhi on Monday. Narendra Modi said the Budget has laid a roadmap to alleviate poverty in a ti...
Advani, Rajnath hail Union Budget 2016-17
Senior BJP leader L.K.Advani with Union Home Minister Rajnath Singh and Union Finance Minister Arun Jaitley. While Rajnath Singh said the PM has passed his ‘test’ with flying colurs, Adva...
Govt. to launch new health protection scheme
This photo is used for illustrative purposes. The Centre will launch a new health protection scheme under which a cover up to Rs. 1 lakh per family will be provided. Jaitley said that for senior citi...
Budget day: Sensex down for 8th time in 10 years
The BSE sensex declines on the union budget announcements in Mumbai on Monday. Sensex witnessed wild swings and finally ended at 23,002, down 152.30 points after falling 659.69 points during the day....
Tax proposals a mixed bag, more could have been done: experts
Union Finance Minister Arun Jaitley arrives at Parliament House to present General Budget, in New Delhi on Monday. Budget 2016-17 has increased excise duty on jewellery and branded garments by 1 per ...
60% of EPF deposits to be taxed on withdrawal
Union Finance Minister Arun Jaitley with MoS Finance Jayant Sinha coming out of North Block before presentation of Budget at Parliament House, in New Delhi on Monday. Jaitley said that the annuity fu...