Budget for 2016-17

"As FM Arun Jaitley begins engagements with stakeholders for the ensuing Budget for 2016-17, Assocham has recommended the government to increase the deduction for long term savings to Rs 2.5 lakh (from Rs 1.5 lakh).

CBDT

In order to check black money, the CBDT has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to be reported to the Income Tax authorities with effect from April 1.

Make In India

Calling upon automakers to develop homegrown technologies to build environment-friendly car engines under the Make In India drive, Union Minister Nitin Gadkari today said encouraging such endeavours will help them save on huge royalty costs.

Implementation of government policies.

Maharashtra government has directed senior bureaucrats to undertake periodic visits to the offices or branches of their respective departments across the state to monitor implementation of government policies.