The government is planning to introduce two rates of service tax in the Union Budget, with one slab for essential services and another for non-essential services.

Dr Brinda Jagirdar, Independent Economist Growth is now the dominant theme and the government needs to show visible proof of its intentions to kick start investment, give a push to growth and generate jobs.

The Supreme Court on Monday dismissed a plea seeking its postponement saying there was no illustration to support that the budget would influence voters in poll-bound states.

Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.

In its manifesto for Punjab Assembly poll 20187, BJP had promised a slew of populist schemes like providing sugar and ghee at low prices, houses to the poor, land to Dalits and backwards, besides assuring

Union Finance Minister Arun Jaitley today skipped the inauguration of the third edition of the Bengal Global Business Summit being held in Kolkata amid strained relationship between the state and the Centre.

Finance Minister Arun Jaitley will announce the third full Budget of the NDA government on February 1. Following the demonetisation drive, the 2017 Budget will be burdened by expectations that it will revive the struggling economy.

The government will present the Union Budget 2017-18 on February 1 but will refrain from making any specific announcements pertaining to five poll-bound states.

The budget is not merely a financial document of the government that presents roadmap to be followed by ministries and departments while exercising their rights to pay out expenses from allocated funds for development works.

The April 1 deadline for rolling out the Goods and Services Tax was ruled out today as the stalemate over administration of the new tax regime continued, with Finance Minister Arun Jaitley setting up July 1 as the next possible deadline.

A day after the employee unions of the Reserve Bank of India expressed their resentment against alleged interference of the government in the central bank's affairs, the Finance Ministry today said that it fully respects

Union Budget 2017 Basics: Know these 15 accounting and budgeting terms might make it easier to understand the union budget 2017. Balanced budget , Budgetary deficit, Finance bill , Indirect taxes , Customs duties.

Budget 2017-18 is going to be special as the government is breaking away from the colonial-era tradition of presenting the Union Budget on the last working day of February. Finance Minister Arun Jaitley will present

The delay in Goods and Services Tax (GST) rollout may result in the government proposing a hike in the service tax rate.

Union Finance Minister Arun Jaitley today reiterated that the Centre is still aiming to roll out the Goods and Services Tax (GST) regime from April 1.

Dismissing the allegations raised by the Opposition that Budget was scheduled keeping in view the Punjab polls, Finance Minister Arun Jaitley on Sunday said the date for presenting the Union Budget was decided much in

Finance Minister Arun Jaitley on Monday said that the tax collection has gone up in nine months from April 2016 to December 2016, indicating a robust gain despite demonetisation.

Arun Jaitley today hit out at Congress vice-president Rahul Gandhi saying while Prime Minister Narendra Modi was thinking of the next generation Rahul Gandhi was only looking at how to disrupt the next Session of Parliament.

Finance Minister Arun Jaitley has ruled out interfering with the Reserve Bank of India's conditions barring anyone other than NRIs and Indians returning from abroad from depositing the junked notes in select central bank branches.

Finance Minister Arun Jaitley today said that it was up to the Reserve Bank of India (RBI) to remove restrictions on cash withdrawals which it will do after assessing market situation.