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Live Budget 2016
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06:33 pm | Flashes
Expect agri growth to increase by 3-4% in 2 years: Road Minister
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06:31 pm | Impact
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06:22 pm | Flashes
IOC cuts petrol price by Rs 3.02/litre, hikes diesel price by Rs 1.47/litre
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06:08 pm | Impact
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06:05 pm | Flashes
Looking at a new way of managing govt disinvestment policy: Finance secretary
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06:05 pm | Flashes
Roads & railway infra spending to cross Rs 2 lakh cr: Finance secretary
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06:04 pm | Flashes
Direct benefit transfer using Aadhaar can be extended to food, kerosene: Chief Economic Advisor
MARKET ACTION
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Popular Commodities
Name Price %Change OI
poll
- Positive
- Negative
- Neutral
chat
Harshvardhan Roongta
CFP , Roongta Securities
(16 Mar, 2017, 16:00hrs)
Financial Planning and Asset Allocation
Upcoming Chats
Prakash Gaba
prakashgaba.com | 17, Mar, 13:30hrs
Ajay Jain
www.astromoneyguru.com | 20, Mar, 14:00hrs
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vicky_2013 | 2 sec
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sakshipicks2017 | 5 sec
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Budget Day intraday advance decline
Advance: 1089Decline: 1400 -
guess the sensex
Where will the sensex close Today?
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Budget Day volume
Market volume for Budget Day (Cr.)
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Sensex closes rangebound session lower ahead of Fed rate decision, GST Council meet
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Budget 2017 had 'shortest list of bad news': Ridham Desai
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Budget 2017: What's in store for startup founders & their employees
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Union Budget 2017-18: Fiscal prudence has prevailed over populism says Sonu Iyer
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Budget allocation to Water Resources Ministry hiked by 11%
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Budget extends window for startups to avail tax benefits
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Mixed reaction by aviation, tourism industry experts to Budget
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Here is what India's Startup CEOs feel about Budget 2017-18
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Budget 2017 to bring positive structure to economy: Anil Sardana
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Union Budget 2017-18: Government is on fast track mode, says Gagan Banga
budget and the market
Sector Impact
Select sector to see impact
29 Feb, 2016, 18:31
| Redington | 108.10 | 0.05 |
| HCL Info | 52.05 | -0.10 |
| Cerebra Int | 38.75 | -0.65 |
29 Feb, 2016, 17:19
| KSB Pumps | 615.90 | 6.30 |
| Kirloskar Bros | 243.20 | 1.85 |
| Dynamatic Tech | 2850.00 | 3.55 |
29 Feb, 2016, 17:05
| Quess Corp | 680.05 | 0.65 |
| LG Balakrishnan | 581.55 | 6.40 |
| Shanthi Gears | 108.40 | 2.50 |
| Ion Exchange | 21.10 | -0.85 |
29 Feb, 2016, 16:46
| TCI Express | 372.90 | 62.15 |
| Rama Steel Tube | 130.70 | 2.75 |
| Arvind Infra | 78.50 | 6.55 |
29 Feb, 2016, 16:27
| Sun Pharma | 705.85 | -2.35 |
| Lupin | 1449.85 | 2.90 |
| Cipla | 600.20 | 0.00 |
| Dr Reddys Labs | 2739.60 | -1.40 |
29 Feb, 2016, 15:52
| Maruti Suzuki | 6137.35 | 4.95 |
| M&M | 1323.55 | -2.45 |
| Hind Motors | 9.45 | -0.05 |
| Daewoo Motors | 2.85 | -0.10 |
29 Feb, 2016, 15:29
| Arvind | 401.95 | 8.45 |
| Nandan Denim | 116.70 | -0.50 |
| KG Denim | 3.05 | 0.05 |
| Aarvee Denim | 74.90 | 1.20 |
29 Feb, 2016, 15:25
| HDFC | 1426.10 | 1.95 |
| Indiabulls Hsg | 912.60 | 8.70 |
| LIC Housing Fin | 587.00 | 6.80 |
| PNB Housing Fin | 1086.55 | 48.20 |
29 Feb, 2016, 15:22
| Interglobe Avi | 881.45 | 5.30 |
| Container Corp | 1254.10 | 12.30 |
| Aegis Logistics | 208.10 | 1.90 |
| Jet Airways | 453.35 | 6.00 |
- FM says to set up high education financing agency with Rs 1,000 cr capital; +ve for Aptech
- 2.5% tax on diesel vehicle. -ve for M&M, Ashok Leyland, Eicher Motors
- Excise Duty on Branded Retail Garments at 6%, -VE FOR Arvind,AB Fashion & Retail (Madura Garments),Raymond,Kewal Kiran,Clothing,Monte Carlo,Zodiac,Indian Terrain
- Clean energy cess for coal Rs 400/tonne. +ve for Coal India
- To levy 1% infra cess on small gasoline , LPG, CNG cars. -ve for Maruti, M&M, Tata Motors
- Propose 100% deduction to undertakings for construction of affordable housing. +ve for DLF, DB Realty, NBCC
- Excide duty hike on cigarretes by 10-15% -ve for ITC, VST Industries, Godfrey
- Clean energy cess increased from 200 to 400 per ton -ve for JSW, Adani power, CESC
- Clean energy cess increased from 200 to 400 per ton. +ve for Inox Wind, Ujaas, Suzlon
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166.45 5.05 (3.13%)
BHEL gains 4% as 800 MW thermal power plant starts commercial operation
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10235.90 10,235.90 (0.00%)
Whats Cheaper / Costlier
Budget Reactions
While the middle class taxpayer clearly benefits from the increase in tax exemption limit, PPF limit and home loan deduction, the increase in capital gains tax on debt funds is hard to comprehend as is the need to stay invested in equity funds for 3
Reaction on : Corporate Tax | Fiscal Deficit | GST
Jayant Sinha
Minister of State for Civil Aviation | GoI
We have received a lot of representations about certain aspects of the taxation of these REITs and infrastructure investment trusts that are counter productive and that are getting in the way of these vehicles taking off. So obviously those are under
Under the existing law, the Dividend Distribution Tax (DDT - effective tax rate of 16.995%) was applied on net amount of dividends actually paid to the shareholders.
Reduction in interest rates will give a boost to demand (for housing and consumer durables) as well as investments (especially for MSMEs and entrepreneurship), which will have aspiralling effect on overall investment and growth cycle.
here may be many good things which will happen in the Budget this time around, GST included, so I cannot believe that the market will not at least take a gamble on the Budget this time around if global events permit.
Reaction on : Corporate Tax | Fiscal Deficit | GST
Nandan Chakraborty
MD - Institutional Equity Research | Axis Capital
I would really hope to see timelines on goods service tax (GST) in this Budget/
Reaction on : Corporate Tax | Fiscal Deficit | GST
Sunil Singhania
CIO - Equity | Reliance Mutual Fund
The Budget that was presented by the FM Arun Jaitley was forthcoming on policy front. A lot of regulations which needed to be streamlined have been streamlined and all we need now is execution.
If I were in the RBI shoes, I would wait till the Budget which pushes the first rate cut in this cycle to March.
Reaction on : Corporate Tax | Fiscal Deficit | GST
Adrian Mowat
Chief Asian & Emerging Market Strategist | JP Morgan
Budget is not a big event. Government must stop wasting money on subsidising fuel and use it more constructively.
I think what the RBI will watch is what the FY16 Budget will look like? What is the medium term plan for consolidation, how will the government achieve that? We are looking at some cuts in March and April if these conditions are met
Balwant Jain
Company Secretary | Bombay Oxygen
Vikram Hosangady
Partner and Head - Deal Advisory | KPMG India
tax corner
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Expert Column
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NULL NULLbudget and the market
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Vikas Khemani
CEO - Wholesale Capital Markets
Edelweiss Financial Services -
| company/Action | price Change |
|---|---|
|
Buy |
109.10 6.10 |
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Sell |
112.90 9.85 |
|
Buy |
244.55 14.20 |
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Buy |
334.00 20.90 |
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Buy |
163.50 2.95 |
|
Buy |
957.50 4.30 |
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Buy |
1020.35 48.65 |
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Buy |
244.55 14.20 |
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Buy |
123.00 0.15 |
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Buy |
291.35 11.45 |
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Buy |
109.10 6.10 |
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Sell |
112.90 9.85 |
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Buy |
244.55 14.20 |
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Buy |
334.00 20.90 |
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Buy |
163.50 2.95 |
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Buy |
957.50 4.30 |
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Buy |
1020.35 48.65 |
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Buy |
244.55 14.20 |
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Buy |
123.00 0.15 |
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Buy |
291.35 11.45 |
Vinay Khattar- FY17 fiscal deficit target at 3.5%: FM
- 15.3% increase in plan expenditure to to Rs 5.5 lk crore: FM
- Target of agri credit at all-time high of Rs 9 lakh cr: FM
- Propose to spend Rs 86,500 Cr on irrigation projs in 5 years: FM
- Propose Rs 5,500 cr for crop insurance scheme for FY17: FM
- Allocation to farming sector at Rs 35,984 Cr: FM
- Rs 38,500 Cr allocation to MNREGA: FM
- Rs 25,000 cr for bank recap: FM
- Allocate Rs 55,000 cr for roads highways; excl Rs 15,000 cr NHAI bonds: FM
- Total investment in road sector at Rs 97000 cr in FY17: FM
- Propose Rs 31,300 cr of infra bonds to be issued by various agencies: FM
- Rs 19,610 cr of net revenue gain from direct & indirect taxes: FM
- To levy 1% infra cess on small gasoline cars: FM
- To raise excise duty on most tobacco products by 10-15%: FM
- New mfg cos after March 1, 2016 to be taxed at 25% plus cess+surcharge: FM
sme corner
Jappreet Sethi
Co-Founder | YoStartups.com
insurance corner
Harjot Singh Narula
Founder & CEO | Comparepolicy.com
Rajeev Kumar
Chief Financial Officer | Bharti AXA Life Insurance
G Muralidhar
MD | Kotak Life Insurance
mutual fund corner
Rohit Shah
Founder & CEO | www.gettingyourich.com
Abhinav Angirish
Managing Director | Investonline.in
sector reports
FLASHBACK
key announcement
- Budget 2016: Cheer for farmers, salaried get peanuts; no extra bank recap
- Budget 2015: Reform Based Focus
- Budget 2014: Jaitley's Budget a 'UPA Plus'
- VOA 2014: Excise duty for autos slashed; fuel subsidy cut
- 2013: FPI norms tweaked; 'super-rich tax' levied
- 2012: Tax slab changed, GAAR announced; RGESS launched
- 2011: MAT raised; aggressive divestment target outlined
- 2010: Tax slab changed; cash subsidies announced
- 2009: Stimulus announced post crisis; deficit soars
- 2008: Farm loan waiver announced; fisc at all-time low
- 2007: PAN made must for fin transactions
- 2006: FII limits boosted; social spending goes up
- 2005: Tax slab changed; FBT introduced
- 2004: UPA's welfare economics comes to fore
CLASSROOM
Budget FAQs
What is fiscal policy?
What is the Finance Bill?
What are indirect taxes?
What is the Central Plan Outlay?
What is a fiscal deficit?
What is a revenue budget?
What impact does the Budget have on the market and economy?
What is a capital budget?
What is the Union Budget?
What is plan and non-plan expenditure?
What are direct taxes?
Who is the only person to have presented annual and interim budgets whilst being both the Finance Minister and Deputy Prime Minister of India?
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Manmohan Singh
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Pranab Mukherjee
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Morarji Desai
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Charan Singh