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Budget News

  • Budget 2016: Refuelling India’s energy growth

    Budget 2016: Refuelling India’s energy growth  

    The NDA Government appears to be very keen on setting this story right which is evident from the efforts being made by the oil ministry towards stakeholder participation in policy formulation.

    04 Feb 2016, 3.48 pm  |  Source: Moneycontrol.com

  • Budget Expectations: Mining and metals sector

    Budget Expectations: Mining and metals sector  

    Under the direct tax regime, one-tenth of the expenditure on prospecting, extraction and production of mineral during 5 years ending with the first year of commercial production is allowed as a deduction from total income.

    04 Feb 2016, 3.31 pm  |  Source: Moneycontrol.com

  • Budget Session from Feb 23 to May 13, Union Budget on Feb 29

    Budget Session from Feb 23 to May 13, Union Budget on Feb 29  

    Union Finance Minister Arun Jaitley is likely to present the Budget on February 29, while the Rail Budget will be presented on February 25. The Economic Survey will be tabled on February 26.

    04 Feb 2016, 3.28 pm  |  Source: IBNLive.com

  • Naidu hopeful of passage of GST, other bills in Budget Session

    Naidu hopeful of passage of GST, other bills in Budget Session  

    The minister also appealed to the opposition parties, especially Congress, to let the Parliament approve these legislations as they were in the larger interest of the country.

    04 Feb 2016, 3.07 pm  |  Source: PTI

  • OROP, 7th Pay to be factored in FY17 fisc target: Jayant Sinha

    OROP, 7th Pay to be factored in FY17 fisc target: Jayant Sinha   

    On what the government hopes to achieve through the India investment summit and the National Investment & Infrastructure Fund (NIIF), Jayant Sinha, minister of state for finance said, it aims to attract the biggest global pension ...

    04 Feb 2016, 8.59 am  |  Source: CNBC-TV18

  • Won`t be surprised by a further 5% correction: Raamdeo Agrawal

    Won't be surprised by a further 5% correction: Raamdeo Agrawal   

    On volatile commodity prices, Agrawal says crude prices have to stabilise first for other commodities as well to settle down.

    03 Feb 2016, 9.14 pm  |  Source: CNBC-TV18

  • Blue Star seeks CENVAT exemption for ACs in Budget

    Blue Star seeks CENVAT exemption for ACs in Budget  

    "It is in the interest of the government to exempt tax because with more people buying inverter and 5 star ACs, power requirement will go down and so will pollution," Blue Star Executive Director B Thiagarajan told reporters here....

    03 Feb 2016, 6.42 pm  |  Source: PTI

  • India`s economy on much higher, stabler footing: Jaitley

    India's economy on much higher, stabler footing: Jaitley   

    Jaitley said that India is "relatively unimpacted" by some of the factors that have caused the global crisis.

    03 Feb 2016, 3.19 pm  |  Source: PTI

  • Hope for clear roadmap, simpler tax structure for auto ind: SIAM

    Hope for clear roadmap, simpler tax structure for auto ind: SIAM   

    Vinod Dasari, President of Society of Indian Automobile Manufacturers (SIAM) and MD of Ashok Leyland, expects to see a good turnout of 7 lakh visitors at the Auto Expo starting on Wednesday.

    03 Feb 2016, 2.53 pm  |  Source: CNBC-TV18

  • Need to certify India workforce as per world standards: NSDC

    Need to certify India workforce as per world standards: NSDC   

    S Ramadorai, Chairman of National Skills Development Council (NSDC) says it is necessary to ensure that only certified people are hired.

    03 Feb 2016, 2.52 pm  |  Source: CNBC-TV18

  • Govt to infuse about Rs 5,000 cr in PSU banks this quarter

    Govt to infuse about Rs 5,000 cr in PSU banks this quarter  

    "As committed, banks will get fund infusion in the fourth quarter. Banks will get about Rs 5,000 crore," Financial Services Secretary Ajuly Chib Duggal said on the sidelines of an event here.

    03 Feb 2016, 1.45 pm  |  Source: PTI

  • Govt may announce incentives for solar projects in Budget

    Govt may announce incentives for solar projects in Budget  

    An inter-ministerial committee headed by the Department of Industrial Policy and Promotion (DIPP) Secretary would soon finalise the report and submit to the Prime Minister's Office for necessary action, according to an official.

    03 Feb 2016, 11.14 am  |  Source: PTI

  • Govt must ease tax regime, incentivise Make in India: LG India

    Govt must ease tax regime, incentivise Make in India: LG India   

    Kim Ki-Wan, MD, LG India, says the industry environment needs simpler tax regime and the government should cut tax rates and weed out unnecessary litigation.

    03 Feb 2016, 10.56 am  |  Source: CNBC-TV18

  • RBI`s move as expected; banking key in Budget 2016: Uday Kotak

    RBI's move as expected; banking key in Budget 2016: Uday Kotak   

    Uday Kotak, Vice-Chairman and MD of Kotak Mahindra Bank says the key would be the banking sector, adding, "the government will be making capital commitment for the public sector banks".

    03 Feb 2016, 8.29 am  |  Source: CNBC-TV18

  • The MGNREGA decade: Hits, misses & road ahead

    The MGNREGA decade: Hits, misses & road ahead   

    As NREGA completes 10 years, a longer lifespan than most rural development schemes, Nikhil Dey, Co-Convenor, National Campaign for People's Right to Information (NCPRI) answers some of the key questions related to it.

    02 Feb 2016, 9.50 pm  |  Source: CNBC-TV18

  • Bankers expect RBI to cut policy rate by 0.75% next fiscal

    Bankers expect RBI to cut policy rate by 0.75% next fiscal  

    The central bank today left the key policy rate unchanged but indicated at accommodative stance, saying with inflation moving closer to the target there would be more room for rate cut to support growth.

    02 Feb 2016, 6.15 pm  |  Source: PTI

  • Rahul takes a dig at PM over MGNREGA praise

    Rahul takes a dig at PM over MGNREGA praise  

    "After calling NREGA 'living monument of INC failure' Govt now hails it as cause of 'nat pride & celebration' !Shining eg of Modiji's pol wisdom", the Congress Vice President said in a tweet.

    02 Feb 2016, 3.58 pm  |  Source: PTI

  • RBI policy broadly in line with market expectation: FinMin

    RBI policy broadly in line with market expectation: FinMin   

    RBI today left the key policy rate unchanged but indicated at accommodative stance saying with "inflation moving closer to the target" there would be more room for rate cut to support growth.

    02 Feb 2016, 3.38 pm  |  Source: PTI

  • Budget key for reforms, lowering inflation: Raghuram Rajan

    Budget key for reforms, lowering inflation: Raghuram Rajan  

    In particular, he said, the central bank would look for steps on investments, training, and skill development that could help lower pace of inflation.

    02 Feb 2016, 3.01 pm  |  Source: Reuters

  • MGNREGA spending at record high, no cut in allocation: FM

    MGNREGA spending at record high, no cut in allocation: FM  

    Dispelling doubts over the fate of the scheme floated by the previous Congress-led government, he said that while in previous years there has always been lower spending as compared to the Budgeted amount, this fiscal the governmen...

    02 Feb 2016, 2.08 pm  |  Source: PTI

  • RBI sees economy growing at 7.4% in FY16; above WB projection

    RBI sees economy growing at 7.4% in FY16; above WB projection  

    The 6th Bimonthly Monetary Policy Statement, 2015-16, announced by RBI Governor Raghuram Rajan has pegged the growth to quicken to 7.6 percent in the next fiscal.

    02 Feb 2016, 2.08 pm  |  Source: PTI

  • 5% inflation target a challenge; macro stability key: Moody`s

    5% inflation target a challenge; macro stability key: Moody's  

    In its final monetary policy for current fiscal, RBI today left the key policy rate unchanged but indicated at accommodative stance saying with "inflation moving closer to the target" there would be more room for rate cut to suppo...

    02 Feb 2016, 1.24 pm  |  Source: PTI

  • Next rate cut more likely after government presents Budget

    Next rate cut more likely after government presents Budget  

    Having cut the policy repo rate by 125 basis points in 2015, RBI Governor Raghuram Rajan warned on Friday against straying from the path of fiscal consolidation or relaxing the fight against inflation.

    02 Feb 2016, 10.34 am  |  Source: Reuters

  • Govt calls all-party meet to decide duration of Budget session

    Govt calls all-party meet to decide duration of Budget session  

    The meeting will be held before the Cabinet Committee on Parliamentary Affairs, headed by Home Minister Rajnath Singh, meets to finalise a broad schedule of the session which is likely to begin on February 23.

    02 Feb 2016, 8.26 am  |  Source: IBNLive.com

  • Arun Jaitley could squeeze business to balance books

    Arun Jaitley could squeeze business to balance books  

    Jaitley is staring at a big revenue shortfall as India again misses an unrealistic target for raising cash from selling off state assets, while sliding commodity prices and exports have dented revenues.

    02 Feb 2016, 8.07 am  |  Source: Reuters

  • Manufacturing sector returns to growth at start of 2016: PMI

    Manufacturing sector returns to growth at start of 2016: PMI   

    Indian manufacturing sector growth rose to a four-month high in January driven by rising inflows of new business orders from domestic as well as export clients, says a Nikkei survey.

    02 Feb 2016, 8.00 am  |  Source: PTI

  • Budget 2016 wishlist: Metal sector losing sheen

    Budget 2016 wishlist: Metal sector losing sheen   

    CNBC-TV18's Anshu Sharma And Surabhi Upadhyay detail the sector's budget wishlist.

    01 Feb 2016, 10.40 pm  |  Source: CNBC-TV18

  • We are already realising `Make In India` dream: Ashni Biyani

    We are already realising 'Make In India' dream: Ashni Biyani   

    Future Group's next-generation head Ashni Biyani says all eyes are on how the government intends to improve liquidity in the market.

    01 Feb 2016, 10.38 pm  |  Source: CNBC-TV18

  • CBEC preparing blue-print for HR restructuring for GST

    CBEC preparing blue-print for HR restructuring for GST  

    The Directorate General of Human Resource Development (DGHRD) has been directed to "initiate the exercise of formulating a proposal" for administrative restructuring of the formations under CBEC in the "ensuing GST regime", the CB...

    01 Feb 2016, 8.22 pm  |  Source: PTI

  • Gross Budgetary Support of Railways slashed

    Gross Budgetary Support of Railways slashed  

    Gross Budgetary Support (GBS) of Rs 40,000 crore was announced in the 2015-16 Rail Budget. However, the Finance Ministry slashed it to Rs 28,000 crore, a decrease of Rs 12,000 crore in November last year citing low spending by Rai...

    01 Feb 2016, 4.26 pm  |  Source: PTI

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