Budget 2016-17

Merger of Plan and Non Plan classification in Budget and Accounts

23/9/2016 | Economic Affairs | Fiscal system |Read more

The cabinet has approved the merger of Plan and Non Plan classification in Budget and Accounts from 2017-18, with continuance of earmarking of funds f ...

Budget sets priorities for government spending

2/4/2016 | Economic Affairs | Financial System |Read more

Budget 2016-17 has introduced a new classification system for the Centre’s spending. The new system divides Centrally Sponsored Schemes (CSS) into thr ...

The merits of fiscal prudence

16/3/2016 | Economic Affairs | Fiscal system |Read more

In order to get the benefits of vote bank politics, usually governments in Center and states push for populist budget. In this year budget there seeme ...

Sharp drop in aid to SAARC nations

12/3/2016 | International Affairs | SAARC |Read more

The budget tabled in parliament has slashed India’s development assistance to all SAARC neighbours especially Maldives, Bangladesh and Nepal. This bud ...

Fiscal Consolidation and Fiscal Deficit

8/3/2016 | Economic Affairs | Fiscal system |Read more

Budget for 2016-17 has stick to the road map for fiscal consolidation by fixing the fiscal deficit at 3.5 per cent of the gross domestic product (GDP) ...

ICDS(Integrated Child Development Services) and Budget

6/3/2016 | Economic Affairs | Status of Children |Read more

Government has reduced fund available to child health interventions, with a massive cut — from Rs. 15,483.77 crore last year to Rs. 14,000 crore in th ...

Special Economic Zones and Budget

5/3/2016 | Economic Affairs | Industry |Read more

In budget 2016-17, Government said it would not allow any deduction to units commencing manufacture or production on or after April 1, 2020, in an SEZ ...

A forward-looking Budget

5/3/2016 | Economic Affairs | Fiscal system |Read more

Global credit rating agencies - Moody's Investors Service (Moody's) concluded that the budget is modestly credit positive for the sovereign, since it ...

Budget is not promising

4/3/2016 | Economic Affairs | Fiscal system |Read more

This year budget begins with the focus on prevailing crisis in global economy along with positive hope for Indian econmony where Finance minister emph ...

Issue of Provident Fund

4/3/2016 | Economic Affairs | Fiscal system |Read more

Finance Minister has proposed to tax 60 per cent of the corpus of the provident fund at the time of withdrawal, on prospective basis. This has evoked ...

Laws that make the Budget

1/3/2016 | Economic Affairs | Fiscal system |Read more

The genesis of the central Budget in India goes back to 1860 when it was first introduced by then finance minister James Wilson, two years after the t ...

Budget 2016-17

1/3/2016 | Economic Affairs | Fiscal system |Read more

INTRODUCTION Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF. Foreign exchang ...

Railway Budget , 2016-17

28/2/2016 | Economic Affairs | Transport |Read more

Railway Minister Suresh Prabhu on 25 February 2016 presented the Railway Budget 2016-17 in the Lok Sabha. In his second Rail Budget, Prabhu outlined a ...