Friday, May 26, 2017

Breaking News
   Maharashtra Chief Minister Devendra Fadnavis\' Chopper Crash-Lands In Latur. We Are Safe, He Tweets   No service tax on online rail tickets till Dec 31   Black money: India to gain access to Swiss bank info from Sept 2019   Cash curbs paralyse ops in co-op societies   Margao business, markets reel under liquidity crunch   Customers, bankers kept on toes in Mapusa   Long queues at banks on Day 1; cash crunch hits State   Anger And Scramble To Stash Cash In Black Money Squeeze: Foreign Media   After PM Modi Speech, Hawala (Money-Laundering) Spiked, Triggering Raids   Defence Minister Parrikar\'s Nuclear Remark Stressed As \'Personal Opinion   \'If You Succeed, The Country Succeeds\': Obama Tells Trump During Meet

Sections

Business

Jaitley to hold pre-budget consultations

03rd January 2017, 12:00 Hrs

Headline: Jaitley to hold pre-budget consultations

PTI

New Delhi

Finance Minister Arun Jaitley will hold pre-budget consultation with states on January 4, after the meeting of the GST Council gets over.

The all powerful GST Council, chaired by Jaitley, will begin its two-day meeting tomorrow to deliberate on the vexed issue of jurisdiction over assessees.

Sources said after the Council meeting concludes on Wednesday, Jaitley will hold pre-budget consultations with the state ministers and hear their expectations from the Union Budget, which is likely to be presented in Parliament on February 1.

In the run up to budget, Jaitley has already held customary consultations with agriculturists, industry chambers, economists, and banks and financial institutions.

During the pre-budget meeting, states are likely to demand increased financial support from the Centre to deal with demonetisation woes as well as for centrally sponsored schemes. Some backward states are likely to demand special category status from the central government.

Also, to help individuals deal with demonetisation, states are likely to ask Jaitley to dole out incentives in the form of higher income tax exemption and deduction limit.

comments powered by Disqus