An early Budget for Elections 2019

Prime Minister Narendra Modi, given his penchant for abbreviations, might have liked to put it as the new ‘GPS’ or guiding principle of his government in preparation for the 2019 Lok Sabha elections.

It looks as if the Modi government has initiated its re-election strategy a couple of years early with Finance Minister Arun Jaitley’s budget 2016 speech promising Gas (LPG cylinders to below poverty line families), Power (to all un-electrified villages) and Sadak (road connectivity to all villages) by 2018-19.

Rail Budget 2016: Plan size increased by Rs 21,000 cr

The Indian Rail Budget 2016 has fixed a plan size of Rs 1.21 lakh crore for FY2016-17, almost Rs 21,000 crore more than 2015-16, which it hopes to finance largely through extra-budgetary sources such as joint ventures with states, developing new frameworks for PPP etc. as little is expected from the Gross Budgetary Support (GBS). The GBS for FY2017 which has been pegged at Rs 40,000 crore, same as 2015-16. Read More

Rail Budget 2016 Live: Operating ratio at 92% this year, up from 90% last year, says Prabhu

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An unreserved train ticket for travelling upto 199 km distance will no longer be valid after three hours of purchase of the ticket as railway budget has formulated a new rule to be effective from March 1, Lok Sabha was told today.

Unreserved tickets for distances upto 199 km, the journey has to be started from the originating station within three hours of the issue of tickets or upto the departure of first train for the destination whichever is later, Minister of State forRailway Budget 2016 Manoj Sinha said in a written reply.

5 tax reforms India Inc wants from Budget 2016

With Finance Minister Arun Jaitley all set to present the Budget 2016 next week, all eyes are now on the tax reforms promised by Prime Minister Narendra Modi and Jaitley during their interaction with India Inc leaders at the Make-In-India week. Here are some of the top tax reforms Jaitley can look at

Read Full Article Over Here: Business Standard