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Budget News

  • 20% cess will give slight relief for energy sector: Cairn India

    20% cess will give slight relief for energy sector: Cairn India   

    Mayank Asher, CEO of Cairn India says that 20 percent ad valorem cess will bring slight relief for energy companies.

    02 Mar 2016, 3.13 pm  |  Source: CNBC-TV18

  • PF tax issue to be addressed during Budget discussion: FM

    PF tax issue to be addressed during Budget discussion: FM  

    Jaitley had spoken on similar lines earlier in the day at a meeting organised by industry chambers and said he will spell out the final decision on the matter when he speaks during the debate on Budget in Parliament.

    02 Mar 2016, 3.12 pm  |  Source: PTI

  • Budget 2016: Verdict on if it was historic will come in 10-15 yrs, says Sinha

    Budget 2016: Verdict on if it was historic will come in 10-15 yrs, says Sinha   

    The whole approach to public investment by building it up and supplementing it with off Budgetary resources is going to be viewed in history as something remarkable, said Minister of Finance (State) Jayant Sinha

    02 Mar 2016, 1.50 pm  |  Source: CNBC-TV18

  • Govt can exceed growth target with less obstructions, says FM

    Govt can exceed growth target with less obstructions, says FM  

    Chief Economic Advisor Arvind Subramanian, in the Economic Survey, projected a growth rate of 7-7.75 percent for the next financial year, which some experts described as "modest".

    02 Mar 2016, 1.47 pm  |  Source: PTI

  • Budget 2016: Progressive, rational and committed, says EY

    Budget 2016: Progressive, rational and committed, says EY  

    The article captures the impact of Union Budget 2016 on IT and ITES sector.

    02 Mar 2016, 1.33 pm  |  Source: Moneycontrol.com

  • Insurance scheme to boost govt infra: Narayana Hrudalaya

    Insurance scheme to boost govt infra: Narayana Hrudalaya   

    The government in the Budget introduced a new health insurance scheme with a Rs 1 lakh cover per family and an additional Rs 30,000 for senior citizens.

    02 Mar 2016, 12.58 pm  |  Source: CNBC-TV18

  • Compliance window for black money holders is no amnesty: Jaitley

    Compliance window for black money holders is no amnesty: Jaitley  

    Those with undisclosed income and assets are being provided a four-month window beginning June 1 to declare their wealth, pay normal tax rate of 30 percent plus 15 percent in penalty and surcharge and escape prosecution.

    02 Mar 2016, 11.59 am  |  Source: PTI

  • Save on capital gains by investing in start-ups

    Save on capital gains by investing in start-ups  

    There are several elements related to this entire process that needs to be considered because it is very different from what the investor has experienced till now with respect to their capital gains tax saving investments.

    02 Mar 2016, 11.47 am  |  Source: Moneycontrol.com

  • Govt earmarks Rs 1,400 cr for DMIC project in 2016-17 Budget

    Govt earmarks Rs 1,400 cr for DMIC project in 2016-17 Budget  

    The DMIC project has been planned as a global manufacturing and investment destination around the high speed 1,483 km length of western dedicated freight corridor of the railways as the backbone.

    02 Mar 2016, 10.54 am  |  Source: PTI

  • Budget sops to yield Rs 7,500 cr more through garment exports

    Budget sops to yield Rs 7,500 cr more through garment exports  

    "Total additional exports of Rs 7,500 crore in 2016-17 are envisaged by the incentives announced in this Budget," Apparel Export Promotion Council Chairman Ashok G Rajani said.

    02 Mar 2016, 10.49 am  |  Source: PTI

  • Nifty soars 500 pts, Sensex up 1650 pts from Budget lows

    Nifty soars 500 pts, Sensex up 1650 pts from Budget lows  

    SBI, ICICI Bank, BHEL, Adani Ports and Axis Bank are top gainers in the Sensex.

    02 Mar 2016, 9.58 am  |  Source: Moneycontrol.com

  • Are the salaried second class citizens of the country?

    Are the salaried second class citizens of the country?  

    Budget proposals about EPF taxation have either been drafted in a hurry or have deliberately been made to be unjust to salaried people.

    02 Mar 2016, 9.52 am  |  Source: Moneycontrol.com

  • India`s fiscal prudence positive for bonds, says RBI Deputy

    India's fiscal prudence positive for bonds, says RBI Deputy  

    The Reserve Bank of India Deputy Governor HR Khan on Tuesday declined to comment on whether the Budget unveiled by Finance Minister Arun Jaitley on Monday would impact the RBI's monetary policy stance.

    02 Mar 2016, 9.52 am  |  Source: Reuters

  • Jewellers to go on 3-day pan-India strike from today

    Jewellers to go on 3-day pan-India strike from today  

    G V Sreedhar said gems and jewellery industry is disappointed with the government's apathy towards the sector with the proposal of re-imposition of 1 percent Excise Duty in the Budget 2016-17, presented on Monday by Finance Minist...

    02 Mar 2016, 9.52 am  |  Source: PTI

  • Govt considering partial rollback demands on proposed EPF tax

    Govt considering partial rollback demands on proposed EPF tax  

    A day after the 2016-17 Budget proposed taxing 60 percent of the withdrawal from Employee Provident Fund (EPF) on contributions to be made after April 1, the government was hard pressed to explain that the move was aimed at high-s...

    02 Mar 2016, 9.52 am  |  Source: PTI

  • MFs say lower deficit target will bring down cost of funds

    MFs say lower deficit target will bring down cost of funds  

    "The Budget signals a commitment to macroeconomic stability. This will also open up space for monetary easing in the near future which is positive for the market. Various measures for resolution of tax disputes will pave way for l...

    02 Mar 2016, 9.52 am  |  Source: PTI

  • Govt may get Rs 50,000cr in next spectrum auction: Credit Suisse

    Govt may get Rs 50,000cr in next spectrum auction: Credit Suisse  

    Union Budget 2016-17 has more than doubled receipt provision from communication services to Rs 98,994.93 crore.

    02 Mar 2016, 9.52 am  |  Source: PTI

  • Budget 2016 can help India grow at 8%: Shaktikanta Das

    Budget 2016 can help India grow at 8%: Shaktikanta Das   

    Talking about the Krishi Kalyan Cess, which loosely put means an increase in service tax, Economics Affairs secretary Shaktikanta Das says it was done because the government needed more resources to spend on infrastructure

    02 Mar 2016, 9.52 am  |  Source: CNBC-TV18

  • Banks will lower base rate by 40-60 bps from April 1

    Banks will lower base rate by 40-60 bps from April 1   

    Government sources say banks are likely to lower base rate by 40-60 basis points from April 1. The banks will have to start adhering to the new base rate math from April 1

    02 Mar 2016, 9.52 am  |  Source: CNBC-TV18

  • #RollBackEPF trends on Twitter as angry salaried protest EPF tax

    #RollBackEPF trends on Twitter as angry salaried protest EPF tax  

    As per the Union Budget, contributions made on or after April 1, 2016 by an employee participating in a recognised provident fund and superannuation fund, up to 40 percent of the accumulated balance attributable to such contributi...

    02 Mar 2016, 9.51 am  |  Source: Moneycontrol.com

  • Budget 2016 India: Mobile phones to cost more as duty on components raised

    Budget 2016 India: Mobile phones to cost more as duty on components raised  

    Focussed on incentivising domestic value addition to help Make in India, Finance Minister Arun Jaitley today said suitable changes are proposed to be made in customs and excise duty rates on certain inputs, raw materials, intermed...

    02 Mar 2016, 9.51 am  |  Source: PTI

  • Budget 2016: Room for RBI to cut in April; bullish on ITC, says Ridham Desai

    Budget 2016: Room for RBI to cut in April; bullish on ITC, says Ridham Desai   

    Ridham Desai, Head-India Equity Research & India Equity Strategist, Morgan Stanley believes there is a room for rate cut for RBI now but does not expect them to advance it by a month and do it in between two policies.

    02 Mar 2016, 9.51 am  |  Source: CNBC-TV18

  • Budget 2016: Healthy dose of detoxification before the final push on GST

    Budget 2016: Healthy dose of detoxification before the final push on GST  

    Government scored well on rationalization of tax regime with focus on strengthening the dispute resolution mechanism, silence on roadmap to GST is a manifestation of continued political gridlock on the subject

    02 Mar 2016, 9.51 am  |  Source: Moneycontrol.com

  • `Budget 2016 unveiled big focus on revival of rural demand`

    'Budget 2016 unveiled big focus on revival of rural demand'  

    Budget has unveiled a big focus on revival of rural demand through a carefully drafted focus on the agricultural sector that strives to increase agricultural productivity thereby paving the way for non-inflationary growth over med...

    02 Mar 2016, 9.51 am  |  Source: Moneycontrol.com

  • RBI may go for 25 basis points rate cut: HSBC

    RBI may go for 25 basis points rate cut: HSBC  

    In the Budget for 2016-17, the government has stuck to the pre-announced fiscal deficit target of 3.5 percent of GDP and this move is likely to have a far-reaching impact on the macro economy, according to the global financial ser...

    02 Mar 2016, 9.51 am  |  Source: PTI

  • No tax on PPF withdrawal; only interest to be taxed in EPF: Govt

    No tax on PPF withdrawal; only interest to be taxed in EPF: Govt  

    Hasmukh Adhia also said that only the interest accrued on 60 percent contribution to Employee Provident Fund (EPF) after April 1, 2016 will be taxed while the principal amount will continue to remain exempted from tax.

    02 Mar 2016, 9.51 am  |  Source: Moneycontrol.com

  • Budget 2016: FM addresses the concerns of the FMCG sector

    Budget 2016: FM addresses the concerns of the FMCG sector  

    With an aim to ensure uninterrupted supply and give an overall boost to the food sector, the Government has proposed various agrarian driven measures.

    02 Mar 2016, 9.51 am  |  Source: Moneycontrol.com

  • Govt hopeful of energizing unelectrified villages by 2017-end

    Govt hopeful of energizing unelectrified villages by 2017-end  

    Coal and Power Minister Piyush Goyal has expressed hope that all the unelectrified villages will be electrified by the end of 2017 and every home will get power by 2018.

    02 Mar 2016, 9.51 am  |  Source: PTI

  • India haven of stability; need efforts to sustain growth: FM

    India haven of stability; need efforts to sustain growth: FM  

    "The prevailing economic scenario across the world is challenging to say the least. This year's Budget was proposed and presented at a time of unusual volatility in the international economic environment, markets are fearful, the ...

    02 Mar 2016, 8.18 am  |  Source: PTI

  • Govt notifies infra cess of up to 2.5% on cars

    Govt notifies infra cess of up to 2.5% on cars  

    The notification was, however, silent on the 4 percent infrastructure cess on "other higher engine capacity and SUVs and bigger sedans", announced by Finance Minister Arun Jaitley in the Budget.

    02 Mar 2016, 8.18 am  |  Source: PTI

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