Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: TDS :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: cpt
« Budget Extravaganza »
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget
 Cabinet’s formal nod to be sought for Budget on Feb. 1
 Finance Ministry may talk to EC before finalising Budget date
 Govt starts biggest ever overhaul of Budget
 How does an early budget impact you
 Welcome steps to overhaul the Budget

Ministries' Outcome Budget should list out reform steps
January, 30th 2016

Finance Ministry has asked all the ministries and departments to list out reform measures and major policy initiatives taken by them in the 'Outcome Budget 2016-17'.

The Outcome Budget - which has become an integrated part of the Budgeting process since 2005-06 - should indicate physical dimensions and also the actual performance, the Finance Ministry said.

The draft outcome budget, it said, will have to vetted by the expenditure department and the National Institution for Transforming India (NITI) Aayog.

As regards the reforms, the office memorandum issued by the Finance Ministry said, the Outcome Budget 2016-17 should have details of "reform measures and policy initiatives... taken by the ministry/department and how they relate to the intermediate outputs and final outcomes in areas such as PPPs, internal revenue mobilisation efforts...Greater decentralisation and transparency etc".

The ministry further said that the 'Outcome Budget' should also contain a executive summary highlighting the details of the monitoring mechanism and the public information system set up by the departments to monitor physical and financial progress of the projects during the course of the year.

The outcomes, the finance ministry said, should reflect the ultimate aims of government policy through budgetary support, tax exemptions/concessions and preferential treatment in procurement of goods and services.

The analysis of the physical performance, the guidelines said, should be scheme-wise with the reasons for variations, explaining the scope and objectives of individual programme/ scheme, physical targets and achievements".

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions