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A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

Focus to help strengthen rural infra

CII commends the ability to deliver a popular Budget without becoming populist.

3 Feb 2018 1:16 AM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

Fiscal deficit will overshoot to 3.5 per cent, says Arun Jaitley

The difference between total revenue and total expenditure of the government is termed fiscal deficit.

2 Feb 2018 2:15 AM IST

Companies that will run these airports have been given some concessions for fuel and electricity.

UDAN to connect 56 unserved airports, says Jaitley

Govt has proposed expansion of airport capacity by more than five times to handle a billion trips a year under a new...

1 Feb 2018 2:55 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST takes sheen off Budget

Arun Jaitley's Budget may not influence prices of most goods and services.

1 Feb 2018 7:13 AM IST

Therefore, the agency anticipates an imminent increase in competition for deposit mobilisation and an upward movement in deposit rates.

Pace of credit may force banks to hike deposit rates

SBI on Tuesday raised its bulk deposit rates by 75-140 basis points, the second hike by the bank over the last two...

31 Jan 2018 3:07 AM IST

In tax season, a la carte of Section 80C

In tax season, a la carte of Section 80C

It's tax-saving season. Section 80C of the Income-Tax Act allows you to save up to Rs 1.5 lakh as tax deductions.

31 Jan 2018 3:03 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

GST, note ban to push tax revenue higher: Survey

The Survey pointed out that one of the aims of demonetisation and GST was to increase the formalisation of the economy.

30 Jan 2018 12:44 AM IST

Forex revenue from tourism touches USD 27.7 bn in 2017: Economic...

FTAs stood at 8.8 million and FEEs were at USD 22.9 billion in 2016, the Economic Survey 2017-18.

29 Jan 2018 4:59 PM IST

The state government has pushed for various infrastructure projects putting pressure on finances.

Realty, construction to generate 15 mn jobs by 2022: Economy Survey

Over 80 per cent of employment in real estate and construction constitutes minimally skilled workforce.

29 Jan 2018 4:48 PM IST

Tough task for Arun Jaitley to balance Budget

It is the middle and the salaried class who have been severely hit by the high service tax in GST.

29 Jan 2018 1:26 AM IST

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

Govt needed to be alert to bitcoin demand spike post DeMo: SJM

Govt should have looked into the way technology was used to launder black money outside India.

27 Jan 2018 5:45 PM IST

Passengers at the Delhi railway station. (Photo: Twitter/ANI)

'Rail Yatri Guide' kiosk launched at New Delhi station

Fifteen such kiosks will be provided at New Delhi station over next two months.

27 Jan 2018 10:48 AM IST