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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.

FM's Budget options are severely limited

The pattern of taxing and borrowing changed hugely over the years. The incidence of taxes has come down and the extent...

29 Jan 2018 12:20 AM IST

A canoe is operated by Island Tourism Kadalundi in the river.

Need for relook at tax rates to boost tourism sector: Industry

Tourism industry is one of the key drivers in terms of employment generation and inclusive growth.

26 Jan 2018 11:04 AM IST

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.

Health start-ups, rural care likely to top Budget agenda

According to inputs received by the finance ministry from various stakeholders, the spending in the sector should be...

24 Jan 2018 1:16 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Budget to focus on infra not sops: Icra

It pointed out that average price of the Indian basket of crude oil is likely to rise to $65-70 per barrel in FY19 from...

24 Jan 2018 12:42 AM IST

File image of a man counting cash at a petrol pump.

India's oil ministry seeks cut in excise duty on petrol, diesel in...

A litre of petrol costs 72.23 rupees while diesel is sold at 63.01 rupees.

23 Jan 2018 11:18 AM IST

The meet was part of the customary pre-Budget consultation which the Union Finance Minister holds with his state peers. (Photo: ANI)

Jaitley, state FMs discuss fiscal policies, budgetary steps in...

The Union Budget for 2018-19 will be presented in Parliament on February 1.

18 Jan 2018 5:03 PM IST

Total budget allocation for food ministry is also expected to increase to Rs 2.20 lakh crore (inclusive of food subsidy) in next fiscal from Rs 1.96 lakh crore in this year.

Food subsidy bill may swell by 10 pc in 2018-19 budget

For the 2017-18 fiscal, the government has earmarked Rs 1,45,338 crore for food subsidy.

16 Jan 2018 1:53 PM IST

The proposal for reducing the highest income tax slab, sources said, has been discussed by the Prime Ministers Office (PMO) with finance ministry and Niti Aayog officials.

Budget '18: Centre may slash top I-T slab from 30 per cent to 25 per...

Relief likely for taxpayers with annual income above Rs 10 lakh.

16 Jan 2018 1:48 AM IST

The PMKSY addresses the concerns of growing water scarcity in the country by promoting water conservation through per drop more crop and watershed management.

Crop insurance scheme likely to get Rs 13,000 crore in FY19 budget

For current fiscal government had initially given a budget of Rs 9,000.75 crore for PMFBY.

10 Jan 2018 12:39 PM IST

Niti Aayogs new Vice-Chairman Rajiv Kumar.(Photo: PTI)

Won't be a populist Budget, says Niti VC

Kumar, however, opines that the Budget will mainly focus on improving the welfare of common man.

9 Jan 2018 12:58 AM IST

Eighteen opposition parties have come together to take on the government in parliament during the Monsoon Session beginning July 17 over demonetisation, GST and various other issues, according to political sources. (Photo: PTI)

Union Budget on Feb 1; Parliament session to begin on Jan 29

Recommendation for Budget Session dates were made by CCPA headed by Home Minister Rajnath Singh.

6 Jan 2018 12:09 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Budget Session to start from January 29

The Budget will be presented by Jaitley for the fiscal year 2018-19.

6 Jan 2018 3:14 AM IST