The Home Minister, Mr P. Chidambaram, wants the rich to be taxed more to sustain the Indian dream of inclusive growth.
“I am (was) the Finance Minister who slashed your tax rates. And I am now suggesting to raise the rates, putting the onus on the richer classes,” he said, while addressing a function of [...]

An income tax refund is actually a kind of tax rebate. In simple words you can say that it is actually a return on taxes you receive when the amount of tax liability is lesser than the actual tax paid in a single financial year. In this case you can claim maximum refund because [...]

Union Budget, in the language of a financial analyst, is the estimated sources and application of funds for a particular fiscal year. It is normally placed before the House of Parliament in the last week of February.
To the common citizens, budget is all about rise or fall in the prices of goods and services [...]

Indian Finance Minister Pranab Mukherjee will present the federal budget for the next fiscal year on Feb. 28, the minister for parliamentary affairs said Friday.
Mukherjee will table the budget papers for the year starting April 1 in the lower house of parliament, Pavan Kumar Bansal told mediapersons.
The railway budget and the annual economic survey [...]

Railway Minister and Trinamool Congress chief Mamata Banerjee called on Union Finance Minister Pranab Mukherjee at the latter’s residence late on Friday.
During the meeting, Mukherjee sought help from the Trinamool chief in the smooth conduct of business in the coming budget session of Parliament.
Addressing media jointly after meeting, Mukherjee said: “I discussed with her [...]

India is considering allowing newprivate sector banks, including by industrial houses, and aroadmap for the same could be announced in the annual UnionBudget to be presented later this month.
While the formal and final guidelines would be announcedby RBI on who should be allowed to set up new banks and whatshould be the terms and [...]

Finance Minister Pranab Mukherjee  discussed the economic situation with financial sector regulators, including Reserve Bank of India Governor and Sebi chief, and sought their inputs for the 2011-12 budget that will be unveiled on February 28.
This was the second meeting of the high-level Financial Stability and Development Council (FSDC) within a month. The first [...]

Ahead of the Budget 2011-12, Finance Minister Pranab Mukherjee on Tuesday said the government is conscious of concerns regarding infrastructure development and investment in research and development (R&D). “The government is conscious of two major concerns relating to the pace of development of infrastructure and investments in R&D,” Mukherjee said while addressing India Inc [...]