Finance Minister Arun Jaitley today justified levy of 10 per cent surcharge on rich saying the resources in a largely non-tax compliant society will have to come from the more affluent. Reading out tax-payer data,

More than 1,100 searches have been conducted and 5,100 notices issued by the Income Tax Department after the November 8 demonetisation for cross-checking of high-value deposits, the government informed parliament today. This led to seizure

Finance Minister Arun Jaitley, during his budget speech on Wednesday, provided a glimpse into the number of demonetised notes deposited between November 8 and December 30, 2016, without giving the full picture. Is it because

Union Finance Minister Arun Jaitley today introduced a bill in Lok Sabha that will formally make the banning of Rs 500 and Rs 1,000 notes a law.

To compete with global oil biggies like BP and Chevron, the government has said that it was planning to merge some 13 state oil firms to create an energy behemoth.

Finance Minister Arun Jaitley presented the tax collection data to prove that we are largely a tax non-compliant society.

Third full Budget of Finance Minister Arun Jaitley prompted sharp responses from political parties as it came on the heels of Centre’s demonetisation drive that created a huge cash crunch in the country.

The annual exercise of the presentation of Union Budget by the Finance Minister has usually proved to evoke a plethora of opinion and views deciphering the announcements and the roadmap that the government presents for

Finance Minister Arun Jaitley on Wednesday presented Union Budget 2017-18 with a focus on infrastructure, real estate and rural sector while cutting down tax rates for low income earners and Small and Medium Scale Enterprises.

Bihar Chief Minister Nitish Kumar today termed the Union Budget as ‘disappointing’ for people, particularly the poor, farmers and youths.

Union Finance Minister Arun Jaitley today said that there is an urgent need to protect the poor from chit fund schemes. In his fourth Budget speech, the minister said that the government will amend the Multi-state Cooperative Act to protect the poor

Finance Minister Arun Jaitley today allocated a total of Rs 1,943 crore for Sports Ministry in Budget 2017-18.

The government today invited all out praise from Chief Economic Advisor (CEA) Arvind Subramanian, Niti Aayog Chairman Amitabh Kant and Paytm CEO Vijay Shekhar Sharma for presenting a people friendly Budget.

Aiming to make India a less cash economy, the government today said it will pump Rs 10,000 crore in 2017-18 in its BharatNet project to lay optical fibre cables (OFC). "Under the BharatNet Project, OFC

Finance Minister Arun Jaitley on Wednesday said that India was largely a tax non-compliant society as the direct tax collections were not commensurate with the pattern of India's income and consumption, and added that the

Union Finance Minister Arun Jaitley today increased the defence expenditure of the country to Rs 2,74,114 crore excluding pensions for Financial Year 2017-18.

Here is the full Budget speech by Finance Minister Aruna Jaitley in Parliament.

The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament today informed that the total allocation for infrastructure development in 2017-18 stands at Rs. 3,96,135 crores.

Despite Finance Minister Arun Jaitley’s assurance that his proposals on excise and customs duties will not result in any significant loss or gain to the exchequer, the fine print suggests a host of items can

Adhering to the fiscal consolidation roadmap, Finance Minister Arun Jaitley today said the government will target to bring down the fiscal deficit to 3.2 per cent of the GDP in the fiscal 2017-18.