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Union Budget

Centre extends UDAY scheme till March next 

Jun 23, 2016 at 09:26 | Source:PTI

"The deadline for transferring discoms' debt to state budget and issuing bonds for 50 percent outstanding was March 31, 2016. The Union Cabinet decided to extend this date to March 31, 2017," Finance Minister Arun Jaitley said at a press conference after the Union Cabinet meeting here.

Normal monsoon likely to drive cement demand in 2HFY17: Goldman 

Jun 09, 2016 at 13:37 | Source:Moneycontrol.com

Goldman Sachs believes near-term demand is likely to be weak due to monsoons, which could lead to seasonal weakness in prices but it remains structurally positive on the medium-term demand and supply outlook (especially after monsoon).

Hope for 15% safeguard duty on products: Aluminium Association 

May 16, 2016 at 17:17 | Source:CNBC-TV18

Satish Pai, Vice President of Aluminium Association of India says the 2 percent increase in import duty on aluminium, announced in the Union Budget, was negated by near doubling of green cess on coal, as 40 percent of aluminium's production cost is power.

Consumption up, investment down in Asia: BofA-ML 

May 09, 2016 at 16:58 | Source:PTI

In India, the disbursal of 7th Pay Commission hikes to central government employees, softer lending rates and lower oil prices are expected to support discretionary spending.

Over two lakh new Central government jobs by 2017 

Apr 25, 2016 at 16:36 | Source:PTI

The Central government has projected in the budget estimates for 2016-17 an increase of about 2.18 lakh in the existing workforce of 33.05 lakh, as in 2015, by 2017.

Govt nod for changes in bill on afforestation 

Apr 20, 2016 at 21:38 | Source:PTI

"The Union Cabinet chaired by the Prime Minister Narendra Modi today gave its approval to move official amendments in the Compensatory Afforestation Fund Bill, 2015," an official statement said.

How Union Budget proposals change your income tax return filing 

Apr 20, 2016 at 18:21 | Source:Moneycontrol.com

Union Budget 2016 has proposals about the income tax return filing process. Here are the changes you cannot afford to miss.

Timeline: The story behind govt's rollback on EPF norms 

Apr 20, 2016 at 10:57 | Source:Moneycontrol.com

In only three months, the government has had to give in to pressure from various trade unions to change its stance on employee provident funds -- which it had envisaged as a social security scheme and not as a savings account. A look into the key events that shaped the development.

Need Rs 10,000 cr to solve rural drinking water problem: AP CM 

Apr 20, 2016 at 07:34 | Source:PTI

Chief Minister N Chandrababu Naidu made a PowerPoint presentation to Union Rural Development Minister Chaudhary Birender Singh on the state's requirements and the steps taken to make AP drought-free in the next three years.

Cash flow for construction sector to improve in FY17: Report 

Apr 19, 2016 at 17:42 | Source:PTI

According to the study, companies in the construction sector continued to witness negative cash flows from operations in 2015-16, which is likely to improve gradually to near zero levels this fiscal as more orders procured during the last two years are executed.

Stick to fiscal discipline, spend on infra: FM to states 

Apr 11, 2016 at 22:04 | Source:PTI

Arun Jaitley, while addressing the conference of state finance secretaries, also asked the states to ensure optimum utilisation of resources without any leakage.

Centre asks states to enhance capital expenditure 

Apr 11, 2016 at 14:16 | Source:PTI

"States are requested to align their focus to the thrust provided in the Union Budget to promote investment and growth in the rural sector... It is imperative to step up capital expenditure at state level also," Finance Secretary Ratan Watal said.

Rahul Gandhi to meet protesting jewellers 

Apr 06, 2016 at 11:56 | Source:PTI

The representatives of jewellers associations from across the country have been holding a protest at Jantar Mantar against the excise duty imposed in the Union Budget 2016-17.

DBT, gas price fall to reduce subsidy burden: NFL 

Apr 04, 2016 at 09:39 | Source:CNBC-TV18

Speaking to CNBC-TV18, Manoj Mishra, CMD of NFL said that production capacity beyond 100 percent will now also be viable due to lower gas prices.

Volvo Auto India goes for vehicle price revision 

Apr 02, 2016 at 13:14 | Source:PTI

The company, which sells models such as sedans S60, SUVs XC60 and XC90 along with luxury hatchback V40, said the upward revision of the ex-showroom prices is 3 percent.

Expect more mature bond markets in medium term 

Apr 01, 2016 at 19:17 | Source:Moneycontrol.com

As more corporate bonds are issued to a wide array of investors, there is a high possibility that the liquidity in the bond market will improve.

Why Sensex will take out 29,000 this year: BNP Paribas 

Apr 01, 2016 at 09:35 | Source:CNBC-TV18

Just ahead of the Union Budget, with the market trading close to 23,000 levels and a lot of pessimism building in, Manishi Raychaudhuri of BNP Paribas told CNBC-TV18 he expects the benchmark to reach 29,000 by December this year.

How to invest wisely as the financial year comes to an end 

Mar 28, 2016 at 15:16 | Source:Moneycontrol.com

It is important to remember that the stock market always goes through ups and downs. Every bull run is always followed by a bear run, and vice versa.

Honda to increase car prices by up to Rs 6,000 from April 

Mar 23, 2016 at 14:04 | Source:PTI

Earlier this month the company had increased the prices of its vehicles by up to Rs 79,000 in the wake of the infrastructure cess that was proposed in Union Budget 2016-17.

Rupee rules steady after initial losses vs USD in late morning 

Mar 22, 2016 at 11:54 | Source:PTI

The rupee resumed lower at 66.58 per dollar as against yesterday's closing level of 66.53 at the Interbank Foreign Exchange (Forex) market and dropped further to 66.64 on initial American currency demand from banks and importers on the back of higher dollar in overseas market.

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