1. The Budget documents presented to the Parliament comprise, besides the Finance Minister’s Budget Speech, the following: A. Annual Financial Statement (AFS) B. Demands for Grants (DG) C. Appropriation Bill D. Finance Bill E. Memorandum Explaining the Provisions in the Finance Bill, 2016 F. Macro-economic framework for the relevant Financial Year G. Fiscal Policy Strategy […]
Read MoreIndia’s failed diplomacy at the WTO It has repeatedly failed to protect the domestic food security agenda The cabinet’s approval of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) on Wednesday is, on the face of it, a relatively innocuous development. As WTO deals go, this is low-hanging fruit. The agreement is to reduce […]
Read MoreMeasures to boost growth and employment generation 100% deduction of profits for 3 out of 5 years for startups set-up during April 2016 to March 2019 While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that startups generate employment, bring innovation and are expected […]
Read MoreGovernment announces first batch of 20 smart cities from 11 States and Delhi Bhubaneswar tops the list; Bhopal at 20 23 States/UTs left out to participate in fast track competition Selection through competition totally objective and transparent, says Shri M.Venkaiah Naidu 20 cities propose an investment of Rs.50,802 cr over five years ; All cities […]
Read MoreFirst Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2014-15 This Press Release is embargoed against publication, telecast or circulation on internet till 5.30 pm today i.e. 29th January, 2016. The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National […]
Read MoreText of PM’s Speech at Economic Times Global Business Summit Shri Vineet Jain Distinguished Guests Ladies and Gentlemen I am very happy to be here today. The global economy is going through a period of uncertainty. At a time like this I am glad that so many participants not only from India, but also from […]
Read MoreFiscal reforms are needed to support economic growth: Report Higher public spending now would make it longer before India returns to the 65% “suitable” ballpark India has two key priorities for 2016—preserving hard won macro stability and reviving growth. Macro stability can mean different things at different times. With the current account deficit comfortably under […]
Read MoreThe hidden wealth of nations India’s biggest source of FDI is India itself, money departing on a short holiday to a tax haven and then routed back as FDI. Will the government muster up the political will to clamp down on the tax-allergic business elite? This could be a bumper year for the ever-lucrative […]
Read MoreEx-post-facto approval on the approach adopted by India at the Tenth Ministerial Conference of the WTO held in Nairobi, Kenya during 15-19 December 2015 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for the approach adopted by India at the Tenth Ministerial Conference of the WTO […]
Read MoreTwo lakh passes were sought for the Start Up India workshop at New Delhi’s Vigyan Bhawan with a seating capacity of 1,350, a good indicator of the interest in the action plan for start-ups unveiled by Prime Minister Narendra Modi after a nine-hour talkathon between Silicon Valley honchos, financiers, Indian unicorns and top government officials. […]
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