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Budget Flashes

Budget Flashes

  • 18:33 Expect agri growth to increase by 3-4% in 2 years: Road Minister
  • 18:22 IOC cuts petrol price by Rs 3.02/litre, hikes diesel price by Rs 1.47/litre
  • 18:05 Looking at a new way of managing govt disinvestment policy: Finance secretary
  • 18:05 Roads & railway infra spending to cross Rs 2 lakh cr: Finance secretary
  • 18:04 Direct benefit transfer using Aadhaar can be extended to food, kerosene: Chief Economic Advisor
  • 17:50 Coal swapping mechanism between govt & private entities will bring down costs & pressure on system: Power Minister
  • 17:35 Coal cess (increased to Rs 400/tonne from Rs 200/tonne) impact on power generation at 12 p/unit: Power Minister
  • 17:34 Will ensure 18,452 villages get electric connectivity before 2017-end: Power Minister
  • 17:20 Need input credit system for a further hike in service tax rate: Revenue Secretary
  • 17:05 Customs duty on cap goods hiked from 7.5% to 10% to protect domestic manufacturing: Revenue Secretary
  • 17:05 Would like to create an ecosystem for electronic hardware production in India: Revenue Secretary
  • 17:01 DTC seems to have been buried permanently: P Chidambaram
  • 16:59 Budget not pro-attracting private investment, issue of high interest rates not addressed: P Chidambaram
  • 16:58 Govt seems unaware of problems in sectors like oil & gas, construction: P Chidambaram
  • 16:56 Will give a big push to Digital India, electronic manufacturing: Telecom Minister
  • 16:55 Hopeful of meeting Rs 90000 cr target of telecom receipts in FY17: Telecom Minister
  • 16:22 Willing to look at consolidation amongst PSU banks. Consolidate may be between arms; weak & strong PSUs: FM
  • 16:21 Open to idea of bringing down stake in PSU banks to 52%: FM
  • 16:01 Expect growth rate of 17% in tax revenue this fiscal: Revenue Secretary
  • 16:01 Corporate tax revenue in FY17 may be a bit lower: Revenue Secretary
  • 15:48 Govt will sustain capital expenditure at 12% of GDP: Finance Secretary
  • 15:47 Will achieve 3.9% fiscal deficit target without cutting expenditure: Finance Secretary
  • 15:15 Have been assigned the first step towards strategic stake sales: NITI Aayog Vice Chairman
  • 15:13 Budget will help in linking all villages with roads by 2019: PM
  • 15:12 Budget has given highest ever allocation to PM Gram Sadak Yojan: PM
  • 15:12 Electricity & roads are the backbone for rural development: PM
  • 15:12 Budget has taken several steps to double farmer's income: PM
  • 12:53 Rs 19,610 cr of net revenue gain from direct & indirect taxes: FM
  • 12:41 High-level Committee Chaired By Rev Secy To Allay Fears Of Retro Tax: FM
  • 12:41 Corp tax to be cut to 29% from FY18 for cos with turnover less than Rs 5 cr: FM

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