Budget 2016-17

The Finance Ministry had revised the oil cess in the Union Budget 2016-17, shifting it from the specific charge of Rs 4,500 per tonne of crude to an ad valorem rate of 20 per cent.

Former finance minister P Chidambaram has sharply attacked the government's move to revise growth figures for two years, including the current one, questioning how growth can be robust when unemployment figures are at their highest in 45 years. He also ridiculed the revised growth figures of 2016-17 -- which showed it to be the best year under the ...

The Ministry of Statistics said that GDP growth according to the First Revised Estimate stood at an upwards revised 7.2 per cent in 2017-18, as against the Provisional Estimate of 6.7 per cent in May 2018.

EPFO had announced an 8.65 per cent rate of interest on deposits for 2016-17, a tad lower than 8.8 per cent in 2015- 16.

Tax department warns of penalties and prosecution of people and companies which do not file their returns for assessment year 2016-17 and 2017-18.

The department, in public advertisements issued in leading dailies, said it was the final call for filing of belated or revised ITRs for assessment years 2016-17 and 2017 -18.

As on March 2017, the NRI deposit stood at Rs 1,52,348 crore, a review said.

Growth last year came in lower than the 8.2% rate for 2015-16. Central Statistics Office revised it upwards from its provisional estimate of 8%.

During the 2007-08 to 2016-17 period, domestic passenger traffic registered a compound annual growth rate (CAGR) of 9.89 per cent.

In 2016-17, the exports decreased by 0.43% in value terms and 6.95% in volume terms, Minister of State for Commerce and Industry C R Chaudhary said

Projected net loss of Air India in the budget estimates for 2017-18 (provisional) stood at Rs 3,579 crore as against Rs 3,643 crore (provisional) for the year 2016-17, said government.

Indian Railways has announced two new trains each in the Tejas, Humsafar and Antyodaya services.

The new schedule is part of Indian Railways' new timetable effective November 1, 2017. Humsafar, Tejas and Antyodaya were among the four new train projects announced by the government in the Rail Budget of financial year 2016-17

Infosys COO UB Pravin Rao explained that while IT budgets have remained at similar levels, clients are expecting that for a 3-5 year renewal deal there would be a "30-40 per cent cost out".

Initiating its new ambitious project, the Indian Railways are going to launch the Utkrisht Double-Decker AC Yatri (Uday) Express in July this year. Uday Express, special class service trains will run overnight, sticking to high-demand routes.

The Finance Ministry had revised the oil cess in the Union Budget 2016-17, shifting it from the specific charge of Rs 4,500 per tonne of crude to an ad valorem rate of 20 per cent.

Former finance minister P Chidambaram has sharply attacked the government's move to revise growth figures for two years, including the current one, questioning how growth can be robust when unemployment figures are at their highest in 45 years. He also ridiculed the revised growth figures of 2016-17 -- which showed it to be the best year under the ...

The Ministry of Statistics said that GDP growth according to the First Revised Estimate stood at an upwards revised 7.2 per cent in 2017-18, as against the Provisional Estimate of 6.7 per cent in May 2018.

EPFO had announced an 8.65 per cent rate of interest on deposits for 2016-17, a tad lower than 8.8 per cent in 2015- 16.

Tax department warns of penalties and prosecution of people and companies which do not file their returns for assessment year 2016-17 and 2017-18.

The department, in public advertisements issued in leading dailies, said it was the final call for filing of belated or revised ITRs for assessment years 2016-17 and 2017 -18.

As on March 2017, the NRI deposit stood at Rs 1,52,348 crore, a review said.

Growth last year came in lower than the 8.2% rate for 2015-16. Central Statistics Office revised it upwards from its provisional estimate of 8%.

During the 2007-08 to 2016-17 period, domestic passenger traffic registered a compound annual growth rate (CAGR) of 9.89 per cent.

In 2016-17, the exports decreased by 0.43% in value terms and 6.95% in volume terms, Minister of State for Commerce and Industry C R Chaudhary said

Projected net loss of Air India in the budget estimates for 2017-18 (provisional) stood at Rs 3,579 crore as against Rs 3,643 crore (provisional) for the year 2016-17, said government.

Indian Railways has announced two new trains each in the Tejas, Humsafar and Antyodaya services.

The new schedule is part of Indian Railways' new timetable effective November 1, 2017. Humsafar, Tejas and Antyodaya were among the four new train projects announced by the government in the Rail Budget of financial year 2016-17

Infosys COO UB Pravin Rao explained that while IT budgets have remained at similar levels, clients are expecting that for a 3-5 year renewal deal there would be a "30-40 per cent cost out".

Initiating its new ambitious project, the Indian Railways are going to launch the Utkrisht Double-Decker AC Yatri (Uday) Express in July this year. Uday Express, special class service trains will run overnight, sticking to high-demand routes.