• Union Budget 2016 : What to Expect

    Union Budget 2016 : What to Expect Finance Minister Arun Jaitley will be unveiling the Union Budget for the financial year 2016-17 on February 29. The highlights of last year’s budget were 100% deduction for contribution to Swachh Bharat and Clean Ganga projects, service Tax rate hiked to 14%, from 12.36%, and incentivised use of credit, debit cards. Easy of doing business & reduce cost of doing business Increase Income Tax Exemption Limit (2.50 to  3.00 Lacs) Clarity on Tax on Capital Gains Income on House Property not to be taxed GST Infrastructure Reform Startup Initiatives & Tax Reliefs Boost E-Commerce

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  • Railway Budget Highlights 2016

    Railway Budget Highlights 2016 Four goals for Indian Railways to transform over next five years: a) To deliver a sustained and measurable improvement in customer experience. b) To make Rail a safer means of travel. c) To expand Bhartiya Rail’s capacity substantially and modernise infrastructure.: increase daily passenger carrying capacity from 21million to 30 million: increase track length by 20% from 1,14,000 km to 1,38,000 km: grow our annual freight carrying capacity from 1 billion to 1.5 billion tonnes. d) Finally, to make Bhartiya Rail financially self-sustainable. Generate large surpluses from operations not only to service the debt needed to

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