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Archive: 31 January 2017

Posts in 31 January 2017

Download Economic survey 2016-17

January 31, 2017 1260 Views 0 comment Print

> Acknowledgements > Preface > Clothes and Shoes Can India Reclaim Low Skill Manufacturing > Demonetization To Deify or Demonize > Economic Outlook and Policy Challenges > Eight Interseting Fatcs about India > Fiscal Framework The World is Changing, Should India Change Too > Fiscal Rules Lessons from the States > Income, Health and Fertility […]

Universal Basic Income Scheme Vs. plethora of State subsidies

January 31, 2017 696 Views 0 comment Print

Union Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. The survey juxtaposes the benefits and costs of the UBI scheme in the context of the philosophy of the Father of the Nation, Mahatma Gandhi.

Economic Survey 2016-17 suggests setting up of a centralised Public Sector Asset Rehabilition Agency

January 31, 2017 477 Views 0 comment Print

Economic Survey shows that our country has been trying to solve its ‘Twin Balance Sheet’(TBS) problem – overleveraged companies and bad-loan-encumbered banks, a legacy of the boom years around the Global Financial Crisis.

Centre should take lead in fiscal management- Economic Survey

January 31, 2017 423 Views 0 comment Print

The Economic Survey 2016-17 presented in the Parliament today has highlighted the need for fiscal prudence both by the Centre as well as the States in order to maintain overall fiscal health of the economy. The Economic Survey states that the Centre’s Fiscal Responsibility and Budget Management (FRBM) Act, was mirrored by Fiscal Responsibility Legislations (FRL) adopted in the States.

GST will create a common Indian market, improve tax compliance

January 31, 2017 804 Views 0 comment Print

Economic Survey: The Constitutional Amendment on GST will create a common Indian market, improve tax compliance and governance and boost investment and growth.

FM Presents Economic Survey 2016-17 in Parliament

January 31, 2017 807 Views 0 comment Print

Finance Minister Shri Arun Jaitley Presented Economic Survey 2016-17 in the Parliament today Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow-up action on demonetisation is taken. The CPI based core inflation remained stable in the current fiscal year averaging around 5 […]

Prime Minister’s address ahead of Budget Session of Parliament

January 31, 2017 618 Views 0 comment Print

Budget is being presented one month ahead and the rail Budget has now become a part of the Union Budget. There will be extensive debate in the Parliament on this issue and it will also reflect the ensuing benefits from the decision in the days to come.

Pre Budget Speech by President of India to members of Parliament

January 31, 2017 522 Views 0 comment Print

Taking forward the concept of cooperative federalism through One nation-One tax and One nation-One market, both Houses of Parliament passed the Goods and Services Tax Act. 17 states governed by political parties across the political spectrum ratified this in a record 23 days. My Government is thankful to the GST Council for working to resolve outstanding issues.

Exemption U/s. 54F cannot be denied merely because capital asset was purchased in individual name of coparcener of HUF

January 31, 2017 8988 Views 0 comment Print

Shri K. Balasubramanian, the learned representative for the assessee submitted that the assessee HUF, sold 122.840 carat of diamonds on 2-1-2012 for a total consideration of Rs. 57,12,060. The long-term capital gain computed at Rs. 42,65,619. According to the learned representative, there was no dispute about sale of diamonds and the computation of long-term capital gain at Rs. 42,65,619.

Notification No. 08/2017-Customs (N.T.) dated 31.01.2017

January 31, 2017 921 Views 0 comment Print

Tariff value Notification No. 08/2017-CUSTOMS (N.T.) in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

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