Policy Updates

Compensatory Afforestation Fund Bill, 2016

  • 28 July, 2016

The Compensatory Afforestation Fund (CAF) Bill, 2016 (also known as CAMPA Bill) has been passed by Rajya Sabha on 28 July. This will allow States to access nearly Rs. 42,000 crore and channel it into afforestation projects. The Bill had earlier been...

Benami Transactions (Prohibition) Amendment Bill, 2015 gets approval from Lok Sabha

  • July, 2016

Lok Sabha passed the proposed Bill to check benami transactions, to further curb black money transactions made under fictitious names. According to the 1988 BT Act, ‘Benami Transaction’ is defined as “a transaction where a property is held by...

State Budget 2016-17, Tamil Nadu

  • 21 July, 2016

The Finance Minister of Tamil Nadu presented the Annual State Budget for the financial year 2016-17 on July 21, 2016. The proposed budgetary allocation for the year is Rs. 1,88,709...

State Budget 2016-17, West Bengal

  • 24 June, 2016

The Finance Minister of West Bengal presented the Annual State Budget for the financial year 2016-17 on June 24, 2016. The proposed budgetary allocation for the year is Rs. 1,60,044.59...

Andhra Pradesh launches the State Nutrition Mission

  • 17 June, 2016

Andhra Pradesh has launched the 'Nutrition Mission' that aims to abolish malnutrition in the state in next 10 years. The State Nutrition Mission will focus on multi-sectoral approaches, combining nutrition-specific and nutrition-sensitive...

Comments and suggestions sought from stakeholders and general public on the ToR of the FRBM Committee

  • 1 June, 2016

Budget Division of the Union Ministry of Finance has sought comments and suggestions on the Terms of Reference (ToR) of the FRBM committee from stakeholders and general public.The committee shall examine and give recommendations on relevance,...

State Budget 2016-17, Jammu and Kashmir

  • 30 May, 2016

The Finance Minister of Jammu and Kashmir presented the Annual State Budget for the financial year 2016-17 on May 30, 2016. The proposed budgetary allocation for the year is Rs. 64,669...

Union Ministry of Finance constitutes a committee to review and give recommendations on the FRBM roadmap for future

  • 17 May, 2016

The Government has constituted a committee to review and recommend a roadmap for FRBM Act for the future. It is chaired by Shri N. K. Singh, former Revenue and Expenditure Secretary, with Shri Sumit Bose, Shri Arvind Subramanian, Shri Urijit Patel...

Draft National Water Framework Bill, 2016

  • 16 May, 2016

The Union Ministry of Water Resources, River Development & Ganga Rejuvenation released the Draft National Water Framework Bill, 2016 on 16 May. The Ministry has invited comments and suggestions on the draft from the public. The Draft National...

India adopts Country-by-Country Reporting, according to BEPS Action Plan 13

  • 14 May, 2016

Multi-nationals entities in India with an annual consolidated group turnover of over EURO 750 million (roughly equivalent to Rs. 5,500 crores) would be required to report on the following on a disaggregated, country-by-country basis, instead of a...

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