To bring more digital transactions into the tax net in the Budget 2017 to curb tax avoidance by MNCs
They also advised the government that the Budget should carry forward the work done through demonetisation and push for greater digitisation in the economy
Govt keen to show positive demonetisation effects though social spending
The Budget may also introduce a new scheme to pull the poor in the rural areas out of poverty.
IT & telecom industry bodies have sought measures in the Budget to promote ease of doing business
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1, 2017
This Budget will have Revenue and Expenditure classification instead of Plan and Non-Plan Expenditure
SAP would be have to prepared by every ministry and department with detailed achievable timelines and budgets needed
Focus on fixing gaps in existing schemes rather than launching new ones
The Budget may be advanced to January last or the first week of February, against the current practice of the last day of February
The proposal has been discussed by top policymakers in the finance ministry and approved by FM Arun Jaitley
Govt must refrain from any surprises like retro on tax front
Railways may have to seek government loan to meet revenue shortfall
The Niti Aayog is preparing 15-year vision document that will replace the Five-Year Plan from the next financial year
Shaktikanta Das the fiscal deficit target for the year will be achieved despite the Pay Commission burden
Experts say the move would give the railways the flexibility to make its own pricing policy without waiting for an approval from the parliament
Railways pays about Rs 10,000 crore a year to the Finance Ministry as dividend for getting the gross budgetary support
Rail, FinMin officials discussing issues like pension, dividend, budgetary support
It would detail how moving the Budget presentation to January-end will help complete all constitutional requirements before beginning of a financial year
A key demand of trading members is to reduce the dividend distribution tax (DDT) on listed firms