-Centre for Budget and Governance Accountability (CBGA) Press Release   New Delhi: The direction indicated by the Finance Minister's Budget Speech in general and that of the taxation policies in particular indicate a quantum leap being taken towards market fundamentalism. In the absence of any increase in the overall spending capacity of the government (Centre and States combined), the steps for fiscal decentralization (from Centre to States) have been constrained, implying only...

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

-The Times of India NEW DELHI: The Election Commission is in the process of sending donation details of all political parties to the Central Board of Direct Taxes for a probe by the Income Tax authorities to ascertain whether entities making contributions were genuine. But what has rattled the poll watchdog is the huge expenditure made by some of the leading parties during the Lok Sabha elections in March-May last year, disproportionate...

-The Hindu Panipat (Haryana): Launching the ‘Beti Bachao-Beti Padhao' scheme in Haryana, he said we must fight female foeticide and celebrate the birth of a girl child. The ‘Beti Bachao-Beti Padhao' scheme, which seeks to address gender imbalance and discrimination against the girl child, was launched by Prime Minister Narendra Modi at Panipat in Haryana on Thursday. This is the fourth major scheme of his government after Jan Dhan Yojana, Swachh Bharat Abhiyan...