The Union Budget assumes greater significance this year as it is all set to announce several structural shifts. The new system of budgeting will usher in a slew of changes like moving the presentation date to 1 February, in departure from the convention of the last working day of February; dropping the distinction between Plan and Non-plan; and merging the Railway Budget with the General Budget.

The Constitution of India does not mention any specific date or day for presentation of the Union Government’s budget in Parliament. However, as a convention, the Budget used to be presented in Lok Sabha on the last working day of February every year.

स्वास्थ्य और असंगठित क्षेत्र बने प्राथमिकता

On November 22nd 2016, the NDA government signed an agreement with Switzerland for exchange of financial information, which will provide India details of the financial assets held by its citizens in that country.

As the post demonetisation scenario plays out, within the first four days, total cash flow to the banks had touched Rs 3 lakh crore.

The decision to ban the existing Rs 500 and Rs 1,000 currency notes as legal tender in one stroke is a bold measure taken by the government.

Marking the beginning of new geopolitics in 2006, BRICS has managed to maintain its relevance on global matters. The BRICS coalition represents about 40 percent of the world’s population and 17 percent of world trade.

Many have heralded the introduction of the GST as the single most important reform that has been initiated in the arena of indirect tax system in India.

While Pascal Saint-Amans, head of tax at the Organisation for Economic Cooperation and Development (OECD), has once again emphasised the need for beneficial ownership and corporate transparency,

The draft National Policy for Women brought out by the Union Ministry of Women and Child Development (MWCD) recently, has once again drawn attention to the need for “advancement, development and empowerment of women with appropriate policy prescriptions and strategies”.

There is much anger among the people with regard to black money, also known as Illicit Fund Flows (IFFs). The revelations of Panama Papers, based on the leaked information about the business of Panama-based offshore law firm, Mossack Fonseca, has brought the issue to limelight again.

The deepening scandal initiated by a massive leak of financial documents from a Panama-based law firm, Mossack Fonseca and Co. has once again highlighted the glaring loopholes in the global financial system – which is at once big news and tediously familiar.