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Budget News

  • Budget 2016-17 a positive surprise: Nomura

    Budget 2016-17 a positive surprise: Nomura  

    Overall, the budget is a positive surprise, relative to our expectations, says Sonal Verma of Nomura.

    29 Feb 2016, 7.47 pm  |  Source: Moneycontrol.com

  • Jewellers disappointed as govt proposes 1% excise duty

    Jewellers disappointed as govt proposes 1% excise duty  

    Finance Minister Arun Jaitley today proposed 1 percent excise duty on jewellery without input credit or 12.5 percent with input tax credit on jewellery excluding silver other than studded with diamonds and some other precious ston...

    29 Feb 2016, 7.46 pm  |  Source: PTI

  • Budget 2016: Room for RBI rate cut opens up: Soumyajit Niyogi

    Budget 2016: Room for RBI rate cut opens up: Soumyajit Niyogi  

    Room for RBI rate cut opens up, as early as in the April 2016 policy meeting, following government sticking to both FY16 and FY17’s fiscal deficit target, says Soumyajit Niyogi, Associate Director - Credit & Market Research Grou...

    29 Feb 2016, 7.45 pm  |  Source: Moneycontrol.com

  • Budget 2016 does well on flooring downside risks: CITI

    Budget 2016 does well on flooring downside risks: CITI  

    he budget does well on flooring downside risks: the Fisc & macro stay controlled, in an uncertain growth/global environment, says CITI.

    29 Feb 2016, 7.45 pm  |  Source: Moneycontrol.com

  • Win-Win Budget for both rural, urban areas: Ananth Kumar

    Win-Win Budget for both rural, urban areas: Ananth Kumar  

    The minister also said the introduction of direct benefit transfer (DBT) on pilot basis in fertilisers will empower the farmers and at the same time it will help in balanced fertilisation.

    29 Feb 2016, 7.45 pm  |  Source: PTI

  • 100% FDI in marketing, processing of food products approved

    100% FDI in marketing, processing of food products approved  

    Finance Minister Arun Jaitley in Budget for 2016-17 said the FDI policy has to address the requirements of farmers and food processing industry as a lot of fruits and vegetables grown by farmers either do not fetch the right price...

    29 Feb 2016, 7.45 pm  |  Source: PTI

  • Over 13% increase in Budget allocation for I&B Ministry

    Over 13% increase in Budget allocation for I&B Ministry  

    According to the revised estimates for 2015-16, the allocation of the I&B Ministry was Rs 3,588.58 crore while for the financial year 2016-17 it has been increased to Rs 4,083.63 crore.

    29 Feb 2016, 7.45 pm  |  Source: PTI

  • Karunanidhi gives pass marks `as of now` to Modi on budget

    Karunanidhi gives pass marks 'as of now' to Modi on budget  

    "The Budget presented by the Modi-led government has no new tax concessions. While there were big expectations on increasing the income-tax slab, no such thing has been announced. This has led to big disappointment among the tax p...

    29 Feb 2016, 7.42 pm  |  Source: PTI

  • Budget to boost demand, supply of affordable homes: Realtors

    Budget to boost demand, supply of affordable homes: Realtors  

    The Budget 2016-17 has proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and 100 percent deduction for profit on development of affordable housing, besides exempting REITs from dividend distribu...

    29 Feb 2016, 7.41 pm  |  Source: PTI

  • Budget 2016: Jewellery stocks fall 1-4% on imposition of excise duty

    Budget 2016: Jewellery stocks fall 1-4% on imposition of excise duty  

    Shares of Titan Company declined 4.3 percent to close at Rs 316.35 on the BSE. Among others, Gitanjali Gems, Goenka Diamond, PC Jeweller, Renaissance Jewellery, Tara Jewels and Tribhovandas Bhimji Zaveri were down 1-3.6 percent at...

    29 Feb 2016, 7.40 pm  |  Source: Moneycontrol.com

  • Solar power tariffs may rise as depreciation benefit capped

    Solar power tariffs may rise as depreciation benefit capped  

    The government had earlier provided benefit of up to 100 percent accelerated depreciation (AD) to certain industrial sectors to give impetus to investment.

    29 Feb 2016, 7.40 pm  |  Source: PTI

  • India unveils pro-poor Budget, keeps deficit target

    India unveils pro-poor Budget, keeps deficit target  

    Indian Finance Minister Arun Jaitley unveiled a Budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.

    29 Feb 2016, 7.40 pm  |  Source: Reuters

  • Budget 2016: Hope to meet Rs 98k cr revenue target set by FM,says telecom min

    Budget 2016: Hope to meet Rs 98k cr revenue target set by FM,says telecom min   

    The telecom sector is rising very fast, says telecom minister Ravi Shankar Prasad, highlighting that it has seen the highest foreign direct investment (FDI) inflow in the last 5 years, improved transparency in spectrum auction and...

    29 Feb 2016, 7.40 pm  |  Source: CNBC-TV18

  • `Healthcare has finally taken centre stage in Budget`

    'Healthcare has finally taken centre stage in Budget'  

    Reacting to Finance Minister Arun Jaitley's proposals in the Budget 2016-17, Apollo Hospitals Group Chairman Prathap C Reddy said: "Healthcare has finally taken the centre stage in the Budget.

    29 Feb 2016, 7.40 pm  |  Source: PTI

  • Govt allocates Rs 18,413 cr to Department of Telecom

    Govt allocates Rs 18,413 cr to Department of Telecom  

    As per the expenditure Budget, Rs 2,710 crore will be allocated for setting up of optical fibre base network for Defence in lieu of spectrum it has freed for commercial use.

    29 Feb 2016, 7.33 pm  |  Source: PTI

  • Vodafone, Cairn can pay tax arrears to settle disputes: FM

    Vodafone, Cairn can pay tax arrears to settle disputes: FM  

    The proposal, however, did not get enthusiastic response with companies saying there is no tax liability on them as they had not done anything wrong.

    29 Feb 2016, 7.33 pm  |  Source: PTI

  • Budget has no `big idea`, pro-poor projection a rhetoric: Cong

    Budget has no 'big idea', pro-poor projection a rhetoric: Cong  

    Congress Vice President Rahul Gandhi asserted that the budget's "mere rhetoric", without vision or action, will fool neither farmers nor the poor of this country while former Prime Minister Manmohan Singh said it was a "nit pickin...

    29 Feb 2016, 7.27 pm  |  Source: PTI

  • Budget aims at increasing rural income, infrastructure: FM

    Budget aims at increasing rural income, infrastructure: FM  

    On not increasing the tax slab rates, he said there is an attempt to increase the tax base and simplify tax structure.

    29 Feb 2016, 7.24 pm  |  Source: PTI

  • `Hopeless` Budget,says TMC

    'Hopeless' Budget,says TMC  

    "This budget is not constructive, nor is it creative. It is stereotype and routine. We are left with no option, but to call it a hopeless budget," TMC, which rules West Bengal, said in a statement here.

    29 Feb 2016, 7.07 pm  |  Source: PTI

  • MEA Budget cut 2.5% to Rs 14,662 crore

    MEA Budget cut 2.5% to Rs 14,662 crore  

    Out of the total allocation, Rs 4,720 crore has been given to the Ministry under plan outlay, while Rs 9,942.66 crore has been set aside as non-plan expenditure.

    29 Feb 2016, 7.06 pm  |  Source: PTI

  • Budget 2016: New ports to be set up on India`s east, west coasts: Jaitley

    Budget 2016: New ports to be set up on India's east, west coasts: Jaitley  

    The Sagarmala project has already been rolled out, he said, adding that government has initiated a series of steps to modernise and expand the capacity of its 12 major ports.

    29 Feb 2016, 7.05 pm  |  Source: PTI

  • Budget pragmatic, prudent but lacks incentive for NRIs:Hinduja

    Budget pragmatic, prudent but lacks incentive for NRIs:Hinduja  

    "Every Budget has two sides. It is impossible to satisfy everyone but one has to look to the basics, whether the Budget is going to help the economy," Hinduja said.

    29 Feb 2016, 7.02 pm  |  Source: PTI

  • Budget 2016: Lalu assails BJP govt over Budget, calls Modi a `dull student`

    Budget 2016: Lalu assails BJP govt over Budget, calls Modi a 'dull student'  

    "PM Modi got rusticated in the 'examination' for lying to and cheating the people by offering nothing for any section of the society in the Budget which he had promised before Parliamentary polls in 2014.

    29 Feb 2016, 7.01 pm  |  Source: PTI

  • Budget 2016: Aadhaar will help smoothen transmission of subsidies, says CEA

    Budget 2016: Aadhaar will help smoothen transmission of subsidies, says CEA   

    In an interview with CNBC-TV18, Chief Economic Advisor (CEA), Arvind Subramanian says that Aadhar is one of the key aspects of this Budget, which will help smoothen transmission of subsidies.

    29 Feb 2016, 6.59 pm  |  Source: CNBC-TV18

  • Budget 2016 India: Govt commitment to improve `Ease of Doing Business`: Tata Steel

    Budget 2016 India: Govt commitment to improve 'Ease of Doing Business': Tata Steel  

    According to T V Narendran, Managing Director, Tata Steel India & SEA, Union Budget presented by the Arun Jaitley, focuses on policy and taxation reforms needed to provide impetus to the economy and reflects the government’s com...

    29 Feb 2016, 6.58 pm  |  Source: Moneycontrol.com

  • Corporate winners and losers from India`s Budget

    Corporate winners and losers from India's Budget  

    India unveiled a fire-fighting budget on Monday that seeks to win back support among rural voters for Prime Minister Narendra Modi's government and sustain growth against a grim global backdrop - all without borrowing more.

    29 Feb 2016, 6.58 pm  |  Source: Reuters

  • Budget 2016-17 brought back focus to rural economy: Bandhan Bank

    Budget 2016-17 brought back focus to rural economy: Bandhan Bank  

    The Budget for fiscal year 2016-17 has brought back the focus to rural economy and rightly so as this segment has been experiencing a tough time following two years of insufficient monsoon, says Chandra Shekhar Ghosh, Founder, MD ...

    29 Feb 2016, 6.55 pm  |  Source: Moneycontrol.com

  • Budget 2016 India: DDT exemption on REIT will be game changer: Surendra Hiranandani

    Budget 2016 India: DDT exemption on REIT will be game changer: Surendra Hiranandani  

    Surendra Hiranandani, Chairman & Managing Director, House of Hiranandani is of the view that Budget 2016 outlined the shift in focus to the rural economy as the finance minister introduced a slew of taxes and cess to be imposed on...

    29 Feb 2016, 6.55 pm  |  Source: Moneycontrol.com

  • Budget 2016 India: FM ensures cigarettes burn bigger hole in smokers` pocket

    Budget 2016 India: FM ensures cigarettes burn bigger hole in smokers' pocket  

    Consequently, popular cigarettes brands such as Gold Flake Kings and Wills Classic will cost up to Rs 125, dearer by nearly Rs 15 per pack of 10 sticks, while those of premium brands like Marlboro and Benson & Hedges will cost abo...

    29 Feb 2016, 6.54 pm  |  Source: PTI

  • Budget 2016 is good, well balanced

    Budget 2016 is good, well balanced  

    According to Sunil Godhwani, Chairman & MD, Religare Enterprises, overall the Budget is a good and well balanced one. The narrative is structured and elaborate and has attempted to do everything by ticking almost all the right box...

    29 Feb 2016, 6.53 pm  |  Source: Moneycontrol.com

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