COMMON MAN'S BUDGET

  • States get more control over Central money February 18, 2014

    New Delhi Every budget has a political objective in all democracies. Even in America, budget always eyes political gains during election years. In a country like India, where politics decides everything, budget has more to do with political compulsions and less to do with economic compulsions. As some analysts argue the...
  • After Rahul's appeal, Centre accepts 'One Rank One Pension' scheme February 17, 2014

    New Delhi: An interim budget is about vote catching and the announcement of the 'One Rank One Pension' scheme is perhaps the one expenditure which the government is hoping will pay immediate dividends. The defence budget has been raised by 10 per cent out of which Rs 500 crore will...
  • Delhi Metro gets increased budgetary support February 17, 2014

    New Delhi: Delhi Metro on Monday got a budgetary support of Rs 3324.35 crore for the next fiscal which was around Rs 840 crore more than what it was allocated for 201314. The budgetary support will help Delhi Metro in expansion of its network and increasing its rolling stock. The government...
  • Chidambaram's 10point agenda to make India 3rd largest economy February 17, 2014

    New Delhi: Finance Minister P. Chidambaram on Monday unveiled a 10point agenda that would help make India the third largest economy by 2043 only behind the US and China. While presenting the interim budget for the fiscal 201415 in the Lok Sabha, the finance minister said the size of Indian...
  • Budget 2014: UPA cuts excise duty, lowers prices, woos voters ahead of polls February 17, 2014

    New Delhi: In a move to woo the voters ahead of the upcoming Lok Sabha elections, Finance Minister P Chidambaram on Monday unveiled the UPA government's interim budget, its last before the party goes to face the electorate. In his interim budget, the Finance Minister has reached out to specific...
  • Government to have one record for all financial assets of every person February 17, 2014

    New Delhi: In a move to simplify record keeping and ensure greater tax compliance, the government plans to introduce a single data point that will track all financial records, like investments, of an individual. This is among the five steps that Finance Minister P Chidambaram has outlined in interim Budget...
  • Education sector gets about 9 per cent hike February 17, 2014

    New Delhi: The education sector has got about nine per cent hike in the Interim Budget presented on Monday by Finance Minister P Chidambaram, who also proposed a moratorium on repayment of education loans, benefiting nine lakh students. The minister proposed a plan outlay of Rs 67,398 crore for the sector,...
  • Cars, twowheelers, soaps set to be cheaper February 17, 2014

    New Delhi: Ahead of the upcoming Lok Sabha elections, Finance Minister P Chidambaram on Monday sought to lighten the burden on the middle class by lowering excise duty on cars, SUVs and twowheelers and proposed no increase in taxes on other products. "To give relief to the automobile industry which is...
  • Interim Budget: Government plans to boost PSU banks, may provide Rs 11,200 crore February 17, 2014

    New Delhi: Finance Minister P Chidambaram on Monday proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year. "In 201415, I propose to provide Rs 11,200 crore for capital infusion in public sector banks. They have opened 5,207 branches so far, against...
  • Highlights of interim Budget 20142015 February 17, 2014

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget short of rhetoric and stuck to highlighting the Congressled UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Aamir: Govt should focus on education in budget March 15, 2012

    Mumbai: Bollywood superstar Aamir Khan today said the Union Government should focus on education and nutrition in the budget. "The budget should focus more on children, on their nutrition and education. It is important that they (children) get good education," Aamir told reporters here today. The Union budget would be presented...
  • Income Tax: Businesses fear more taxes in Budget 2012 March 14, 2012

    India's businesses, already facing high interest rates and a global economic slowdown, worry that the finance ministry will ask them to shoulder a bigger tax burden in the budget set for release on Friday to trim the fiscal deficit. After a drubbing in recent state elections, the government has little...
  • Axe the Tax: CNNIBN presents tax wishlist to Pranab March 14, 2012

    CNNIBN's Axe the Tax campaign took your tax wishlist to the Finance Minister with the six taxes that you want the Government to axe. ...
  • Budget 2012: what the health sector hopes from FM March 13, 2012

    Health sector in India has seen some of the most dramatic growth stories in the past decade. Ranging from improved health care facilities to low cost treatment, the success of the health sector has been primarily driven by private enterprise. There has been a huge improvement in the R &...
  • Budget: Will education get a big push from the FM? March 13, 2012

    There are many innovative and helpful developments in the Indian education sector since the past 45 years. The government of India has been putting consistent efforts to strengthen the sector as a whole and to improve the quality by privatepublic partnerships and through ITbased education. In the union budget 20112012,...
  • Budget 2012: Dear FM, please go easy on students March 13, 2012

    Students do not have it easy as education loans do not come cheap. This year, the student community is hoping that exemptions against education loans are extended to 10 years from the current 8 years. Education qualifications to a great extent shape the careers of students. However, today coaching classes...
  • KPMG: What salaried people can expect from Budget March 13, 2012

    New Delhi: Individual looks forward to Budget with just one question will it increase my 'take home pay'? Let's look at the most anticipated changes in this year's Budget which will have a direct impact on this question. Increase in slab rates The rationalisation of tax slabs in line with the...
  • CNNIBN presents Axe The Tax proposals to Pranab March 13, 2012

    New Delhi: CNNIBN presented Axe The Tax proposals to Finance Minister Pranab Mukherjee, who will present the Union Budget on March 16, on Tuesday. Axe the Tax proposals are those s taxes which the common man wants to be modified or abolished. The Axe The Tax for financial year 201213...
  • Budget: Time to take fiscally prudent decisions March 13, 2012

    As this edition of Forbes India was going to bed, India's executive setup was in intense negotiations with political decisionmakers over the contents of the government's mostawaited policy pronouncementthe Union Budget. The Planning Commission and other advisors to the government were ranged on one side, with the National Advisory Council headed...
  • Budget 2012: Raise tax revenues, says OXFAM CEO March 13, 2012

    OXFAM CEO Nisha Agrawal also says that the Government needs to spend on things that reach to poor people. ...
  • Amend tax laws for senior citizens: 70yrold to FM March 13, 2012

    Kolkata: A senior citizen Manik Dabriwal wants tax laws to be amended so that citizens above the age of 60 years can claim deductions on the medical insurance premium paid by dependents. Manik, a 70yearold businessman, spends his days catching up on the news that is something he didn't have time...
  • Does the FM have the space to push reforms, restore confidence? March 12, 2012

    It may be difficult for Finance Minister Pranab Mukherjee to push through big ticket reforms. ...
  • Budget: Pharma Cos call for infra to healthcare March 12, 2012

    By Ranjit Shahani As 16 March draws close, Indian healthcare is once again at the crossroads waiting with bated breath for the Union Budget in the hope that it will provide the necessary impetus to the pharmaceutical industry. Announcing Infrastructure status for Healthcare would be just what the doctor ordered. The reality...
  • 'If I were FM, I would raise the tax exemption limit' March 12, 2012

    CNNIBN travels across the country to know what the country wants from the Finance Minister this budget. ...
  • Remove tax on clubbable income: Jaipur hotelier to FM March 12, 2012

    Jaipur: Finance Minister Pranab Mukherjee will present the Budget on March 16. A hotelier from Jaipur Prithvi Singh from Jaipur requests the Fiance Minister to remove the tax on clubbable income provision from the Income Tax Act. It's a week short of Prithvi and Pratibha Singh's 16th wedding anniversary and Prithvi...
  • 'If I were FM, I would allot more money for Arts students' March 11, 2012

    CNNIBN has been travelling across the country and speaking to citizens about what they want from the finance minister this year. ...
  • CJs want FM to raise medical reimbursement limit March 11, 2012

    Chennai: Finance Minister Pranab Mukherjee will present the Budget on March 16. Citizen journalists Mariam Nasreen and Thomas Geevarghese want the finance minister to increase medical reimbursement limit. Health services have become more expensive since the medical reimbursement limit of Rs 15,000 was set back in 2001. Nasreen and Geevarghese...
  • 'If I were FM, budget would be more investment friendly' March 10, 2012

    CNNIBN travels across the country to know what the country wants from the Finance Minister this budget. ...
  • Budget: Increase tax breaks, says House panel March 9, 2012

    New Delhi: With just a week left before the Union Budget for the year 2012 is announced, the Parliamentary Standing Committee on Direct Taxes has recommended major tax reforms, including a raise in the tax exemption limit for annual income up to Rs 3 lakh. The panel has also recommended...
  • 'If I were FM, I would decrease oil prices' March 9, 2012

    CNNIBN travels across the country to know what the country wants from the Finance Minister this budget. ...