Page 38 - Arup Roychoudhury

More exemptions and rebates: Direct tax sops likely in Budget

Feel-good measures may include revision in tax slabs and rates for individuals and corporates

New-look Budget may skip levy on cars, consumer durables & more

Budget planners for now have been told to prepare with assumption that GST will apply from April 1

Turf war over dual control: GST on a knife-edge as states act tough

States refuse to budge from their stand on division of administrative powers between them and Centre

MPs ok with merger of Budget with Railway Budget

But want adequate time in Parliament for discussion on railway proposals

FRBM panel report likely by Tuesday

But the report will not be made public till the day of the 2017-18 Union Budget

Economic Survey may contain a chapter on demonetisation

CEA, who hasn't said much on the move, may open up in his upcoming survey

Double counting possible? Govt asks RBI to recheck deposit data for old notes

Economic affairs secretary says double counting possible; cash availability to improve in three weeks

PM reviews cash shortage; withdrawal limits likely to continue beyond Jan 2017

PM reviews situation of cash shortage; withdrawal limits likely to continue

Oil firms, railways to stump up Rs 2,425-crore cashless freebies

Offering free insurance to passengers to cost railways Rs 25.2 crore

Demonetisation: 30 days on, distress and queues show no sign of abating

The initial chaos in banks and ATMs has lessened but the lines are still there and the impact of the government decision on the economy is gradually unfolding

Govt to spend Rs 60,000 cr more on rural jobs

If the demands were approved, Plan expenditure for 2016-17 would rise to Rs 5.95 lakh crore from the Budget Estimate of Rs 5.5 lakh crore

Banks brace for coming pay rush with salary day approaching

Branch networks will give preference to pensioners and labourers for withdrawing money

Demonetisation: Unaccounted deposits to attract 50% tax

Amendments will be tabled in Parliament for approval by Monday or Tuesday

Rs 10-12k crore savings in defence capital outlay

This will help budget planners to close the fiscal gap in a year of massive outlay on the pay commission and capital spending

Further demonetisation relaxation likely for farm sector, weddings

Some relaxations could also be on the anvil for cooperative societies and institutions

Delhi Economics Conclave unlikely this year

DEC is one of the most high-profile seminars in New Delhi and is held in late November or early December every year

Demonetisation: When implementation team was not taken on board

Senior minister confessed govt had no assessment of the demonetisation impact in rural and semi-urban areas

Banks to exchange notes only for own customers today

Withdrawal, deposit and other banking services allowed; senior citizens exempted

Another set of rules: Govt limits bank exchange from Rs 4,500 to Rs 2,000

It also allowed withdrawal of upto Rs 2.5 lakh from bank accounts for the explicit purpose of weddings

50% of ATMs in India will be able to dispense new Rs 500, Rs 2000 notes in a week

Most ATMs are currently dispensing only 100-rupee notes as they have to be recalibrated centrally as well as individually