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Budget News

  • Union Budget 2017-2018 Review: Maximus Securities

    Union Budget 2017-2018 Review: Maximus Securities  

    GDP for Budget Estimate (BE) 2017-2018 has been projected at Rs 1,68,47,455 cr assuming 11.75% growth over the Revised Estimates (RE) of 2016-2017 (Rs 1,50,75,429 crore). Fiscal deficit for 2017-18 is targeted at 3.2% of GDP and t...

    03 Feb 2017, 12.22 pm  |  Source: Moneycontrol.com

  • Union Budget 2017-2018 Review: ICRA

    Union Budget 2017-2018 Review: ICRA  

    In its BE for FY2017, the GoI had pegged its fiscal deficit at Rs. 5.3 lakh crore (3.5% of GDP; based on the assumption that nominal GDP for FY2017 would be Rs. 150.7 lakh crore).

    03 Feb 2017, 12.22 pm  |  Source: Moneycontrol.com

  • Union Budget 2017-2018 Review: CD Equisearch

    Union Budget 2017-2018 Review: CD Equisearch  

    Finance Minister Arun Jaitley’s fourth annual budget comes in the wake of state elections, the effect of demonetization on economic growth, flagging investments, and Trump’s H1B visa decision.

    03 Feb 2017, 12.22 pm  |  Source: Moneycontrol.com

  • Union Budget 2017-2018 Review: Kotak Securities

    Union Budget 2017-2018 Review: Kotak Securities  

    The budget has rightly focused on maintaining the fiscal disciple while maintaining the direction of the economy by allocating higher investments on infrastructure, rural and agriculture sector, to support equitable growth.

    03 Feb 2017, 12.22 pm  |  Source: Moneycontrol.com

  • Union Budget 2017-2018 Review: Arihant Capital

    Union Budget 2017-2018 Review: Arihant Capital  

    The Union Budget 2017-18 laid out by the Finance minister explicitly focuses on three point agenda- Transform-Energise- Clean. The FM stuck to the path of fiscal consolidation along with focusing on infrastructure, rural economy, ...

    03 Feb 2017, 12.22 pm  |  Source: Moneycontrol.com

  • Hemisphere Prop finally ready to act on surplus VSNL land

    Hemisphere Prop finally ready to act on surplus VSNL land  

    After countless huffs and puffs over many years, Hemisphere Properties India Ltd, the government-owned special purpose vehicle that was formed to take over the surplus land of the erstwhile Videsh Sanchar Nigam Ltd (renamed Tata C...

    03 Feb 2017, 11.28 am  |  Source: Moneycontrol.com

  • Recapitalisation, private sector investment focus areas: Kant

    Recapitalisation, private sector investment focus areas: Kant   

    The country needs to push for exports aggressively. India needs its textiles, exports, compact cars penetrate European market and it is better to compromise on sectors like wine and dairy, Amitabh Kant, CREO of Niti Aayog said.

    03 Feb 2017, 10.52 am  |  Source: CNBC-TV18

  • Govt wasted opportunity to push through bold reforms:Chidambaram

    Govt wasted opportunity to push through bold reforms:Chidambaram  

    He, however, complimented Finance Minister Arun Jaitley for being moderate and not doing anything "reckless and disruptive" after demonetisation and welcomed some of the positives like putting a limit on cash transactions, cleansi...

    03 Feb 2017, 10.48 am  |  Source: PTI

  • Mixed reaction by aviation, tourism industry experts to Budget

    Mixed reaction by aviation, tourism industry experts to Budget   

    Terming the budget as "overall, a well-balanced, pro-poor, pro-growth budget" Amber Dubey, Partner and Head (Aerospace and Defence) of KPMG in India said the announcement of select AAI airports in Tier 2 cities to be taken up for ...

    03 Feb 2017, 10.42 am  |  Source: PTI

  • Crisil says Budget only `mildly supportive of growth`

    Crisil says Budget only 'mildly supportive of growth'  

    Jaitley has performed a "balancing act" by refraining from stretching fiscal coffers to give a steroidal push to the economy, it said, commending the "prudence over populism" in restricting the fiscal gap to 3.2 percent.

    03 Feb 2017, 9.43 am  |  Source: PTI

  • Govt to take concrete steps to re-energise capital goods, auto

    Govt to take concrete steps to re-energise capital goods, auto  

    Addressing the International Engineering and Technology Fair (IETF), Geete said the Budget contains a number of proposals to give a critical push to the manufacturing sector and Indian industry must take advantage of these for hig...

    03 Feb 2017, 9.21 am  |  Source: PTI

  • Union Budget 2017-18: `Affordable housing positive for developers & banks`

    Union Budget 2017-18: 'Affordable housing positive for developers & banks'  

    Affordable housing being given Infrastructure status is a welcome move and will help in the Housing to all by 2022 mission – it is a big and positive move for developers, banks and housing finance companies.

    03 Feb 2017, 8.22 am  |  Source: Moneycontrol.com

  • Budget 2017: Hurdles on HRA claims? 5% TDS on house rent of Rs 50,000

    Budget 2017: Hurdles on HRA claims? 5% TDS on house rent of Rs 50,000  

    To reduce the compliance burden, the Finance Ministry has further proposed that the deductor shall not be required to obtain tax deduction account number (TAN) as per section 203A of the Act.

    03 Feb 2017, 8.09 am  |  Source: Moneycontrol.com

  • Budget 2017 had `shortest list of bad news`: Ridham Desai

    Budget 2017 had 'shortest list of bad news': Ridham Desai   

    Speaking to CNBC-TV18, Ridham Desai, Head of India Equity Research and India Equity Strategist at Morgan Stanley, said that Finance Minister Arun Jaitley had resisted the temptation to plant bombs in the fine print of the Budget.

    03 Feb 2017, 8.02 am  |  Source: CNBC-TV18

  • Budget impact: Insurance agents may not want to call it quits after tax relief

    Budget impact: Insurance agents may not want to call it quits after tax relief  

    The finance minister in his budget speech said that agents will be exempt from TDS subject to their filing a self-declaration

    03 Feb 2017, 8.02 am  |  Source: Moneycontrol.com

  • Budget has clear focus on Digital India, Skilling: Startups

    Budget has clear focus on Digital India, Skilling: Startups  

    Hailing the Budget as progressive, unicorns and startups said the proposals have a clear focus on 'Digital India' and skilling.

    03 Feb 2017, 8.00 am  |  Source: PTI

  • Allocation for food law up at Rs 1.45 lk cr for FY18

    Allocation for food law up at Rs 1.45 lk cr for FY18  

    The allocation for food subsidy has been increased to Rs 1.45 lakh crore next fiscal from Rs 1.3 lakh crore this year to provide for the new food law, which has been rolled out in the entire country, Food minister Ram Vilas Pa...

    02 Feb 2017, 9.53 pm  |  Source: PTI

  • Political parties must file ITR by Dec or lose exemption: Govt

    Political parties must file ITR by Dec or lose exemption: Govt  

    It is also changing the law to keep the identity of the donor confidential who buys the just-introduced electoral bonds from banks to make such donations.

    02 Feb 2017, 8.47 pm  |  Source: PTI

  • Twitter records 7.2 lakh tweets on Budget between Jan 30-Feb 2

    Twitter records 7.2 lakh tweets on Budget between Jan 30-Feb 2  

    Social media platform Twitter today said it had recorded 7.2 lakh tweets with the hashtag #Budget2017 between January 30 and February 2.

    02 Feb 2017, 8.09 pm  |  Source: PTI

  • Deutsche Bank calls for patience after loss

    Deutsche Bank calls for patience after loss  

    Troubled German banking giant Deutsche Bank today asked for patience after reporting its second annual net loss in a row, saying it was laying the foundations for durable success in the future.

    02 Feb 2017, 7.32 pm  |  Source: PTI

  • Steel PSUs scale up capex plans by 9% after cutbacks in FY17

    Steel PSUs scale up capex plans by 9% after cutbacks in FY17  

    There are nine undertakings under the ministry of steel and together they plan to spend Rs. 12637.71 crores in 2017-18, higher by nearly 9 percent from the Rs. 11604.94 crores they see themselves spending in the year that ends nex...

    02 Feb 2017, 6.58 pm  |  Source: Moneycontrol.com

  • Budget restricts tax benefit on second house to Rs 2 lakh

    Budget restricts tax benefit on second house to Rs 2 lakh  

    Tax benefit on loan repayment of second house will be restricted to Rs 2 lakh per annum, Finance Bill 2017 has proposed, a move that may hit hard those making big savings so far as there have been no limits on set off from such pr...

    02 Feb 2017, 6.50 pm  |  Source: PTI

  • Union Budget 2017-18: Putting economy back on track, says Abheek Barua

    Union Budget 2017-18: Putting economy back on track, says Abheek Barua   

    According to a report by HDFC Bank, Budget 2017 went the way of previous ‘Jaitley Budgets’, high on detail but with a somewhat smudgy big picture.

    02 Feb 2017, 6.01 pm  |  Source: Moneycontrol.com

  • Budget promotes growth, employment: Debroy

    Budget promotes growth, employment: Debroy  

    Brushing aside criticism that Union Budget 2017-18 has done nothing to create jobs, Niti Aayog member Bibek Debroy today said it aims to promote growth and encourage entrepreneurship which will lead to more employment opportun...

    02 Feb 2017, 5.59 pm  |  Source: PTI

  • New budget to make travel easier and cheaper: Travel portals

    New budget to make travel easier and cheaper: Travel portals  

    The industry, which was endorsed by Finance Minister Arun Jaitley as a sector of economic importance, has welcomed the proposed decisions, saying that the steps will make travel more "accessible and reduce friction between the use...

    02 Feb 2017, 5.54 pm  |  Source: PTI

  • Union Budget 2017-18: A few changes in indirect taxes in line with big picture

    Union Budget 2017-18: A few changes in indirect taxes in line with big picture  

    With GST around the corner, this budget has not made significant changes in the existing indirect tax legislations.

    02 Feb 2017, 5.47 pm  |  Source: Moneycontrol.com

  • Union Budget 2017-18: Jaitely seeks to energise youth, earmarks Rs 6,200 cr

    Union Budget 2017-18: Jaitely seeks to energise youth, earmarks Rs 6,200 cr  

    In his 2017-18 Budget speech, the Finance Minister said the government plans to launch Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) at a cost of Rs 4,000 crore along with next phase of Ski...

    02 Feb 2017, 5.27 pm  |  Source: PTI

  • Budget 2017: What`s in store for startup founders & their employees

    Budget 2017: What's in store for startup founders & their employees  

    However the Budget may not be too bad for digital startups. If you are running any online startup, lets see how it impacts you.

    02 Feb 2017, 5.18 pm  |  Source: Moneycontrol.com

  • Union Budget 2017-18: Jaitley tightens screws on money launderers using stock market

    Union Budget 2017-18: Jaitley tightens screws on money launderers using stock market  

    From April 1, 2018, only those investments in equities will be eligible for long term capital gains, where securities transaction tax (STT) has been paid. In other words, only shares bought through the stock exchange platform will...

    02 Feb 2017, 5.13 pm  |  Source: Moneycontrol.com

  • Budget gives boost to builder community: Sundaram BNP Paribas

    Budget gives boost to builder community: Sundaram BNP Paribas  

    The infrastructure status to the affordable housing would "change the scenario completely" along with the Government's plan to pump in Rs 20,000 crore to build one crore houses.

    02 Feb 2017, 5.12 pm  |  Source: PTI

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