Union 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.

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%.

Of the 107 social schemes and welfare programmes announced in the Union Budget for 2016-17, 43 were implemented and 4 partially implemented by the ministries concerned, work on 59 was in progress while one was dropped, said the Finance Ministry on Wednesday.

In 2016-17, the government had estimated revenue of Rs 98,994.93 crore from telecom sector, which included about Rs 64,000 crore from spectrum auction and the rest from licence fees and other charges.

The decision will help the sector get various benefits of infrastructure sector.

Finance Minister Arun Jaitley is all geared up to present the Union Budget 2017-18 today, breaking the decade-old practice of presenting it on the last working day of February. This Budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency notes. The Economic Survey for 2016-17,...

The Economic Survey 2016-17 pegged agriculture and allied sector growth at 4.1 per cent this fiscal on account of good monsoon from 1.2 per cent last year but said there is less chance for the sector to give an extra boost to GDP growth next year.

The Survey sees India's GDP growing between 6.5 per cent and 6.75 per cent in the current fiscal year - which will be the lowest in four years.

Net tax receipts in the first nine months of 2016-17 fiscal year were Rs 7.52 lakh crore, government data showed.

In November 2016, the S&P Global Ratings ruled out an upgrade for India over the next two years as the agency affirmed the stable outlook on the country's 'BBB-' long-term and 'A-3' on short-term sovereign credit ratings.

India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, roughly in line with this year's expected 7.1 percent, says the Economic Survey, a report card prepared by the government before Finance Minister Arun Jaitley presents the Union Budget tomorrow. The survey said the economy should steady after the hit from...

At the lower band of Economic Survey's projection, if the economy grows at 6.75 per cent in 2017-18, it would be the lowest growth in five years.

The Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programmes, and highlights the policy initiatives of the government.

The government will table the Economic Survey for 2016-17 in Parliament around noon today, a day before tabling of the Union Budget 2017 by Finance Minister Arun Jaitley.

At constant prices, the growth rate in per capita income is estimated at 5.6 per cent during 2016-17, as against 6.2 per cent in the previous year.

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.

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%.

Of the 107 social schemes and welfare programmes announced in the Union Budget for 2016-17, 43 were implemented and 4 partially implemented by the ministries concerned, work on 59 was in progress while one was dropped, said the Finance Ministry on Wednesday.

In 2016-17, the government had estimated revenue of Rs 98,994.93 crore from telecom sector, which included about Rs 64,000 crore from spectrum auction and the rest from licence fees and other charges.

The decision will help the sector get various benefits of infrastructure sector.

Finance Minister Arun Jaitley is all geared up to present the Union Budget 2017-18 today, breaking the decade-old practice of presenting it on the last working day of February. This Budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency notes. The Economic Survey for 2016-17,...

The Economic Survey 2016-17 pegged agriculture and allied sector growth at 4.1 per cent this fiscal on account of good monsoon from 1.2 per cent last year but said there is less chance for the sector to give an extra boost to GDP growth next year.

The Survey sees India's GDP growing between 6.5 per cent and 6.75 per cent in the current fiscal year - which will be the lowest in four years.

Net tax receipts in the first nine months of 2016-17 fiscal year were Rs 7.52 lakh crore, government data showed.

In November 2016, the S&P Global Ratings ruled out an upgrade for India over the next two years as the agency affirmed the stable outlook on the country's 'BBB-' long-term and 'A-3' on short-term sovereign credit ratings.

India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, roughly in line with this year's expected 7.1 percent, says the Economic Survey, a report card prepared by the government before Finance Minister Arun Jaitley presents the Union Budget tomorrow. The survey said the economy should steady after the hit from...

At the lower band of Economic Survey's projection, if the economy grows at 6.75 per cent in 2017-18, it would be the lowest growth in five years.

The Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programmes, and highlights the policy initiatives of the government.

The government will table the Economic Survey for 2016-17 in Parliament around noon today, a day before tabling of the Union Budget 2017 by Finance Minister Arun Jaitley.

At constant prices, the growth rate in per capita income is estimated at 5.6 per cent during 2016-17, as against 6.2 per cent in the previous year.