There has been a "quantum jump" in allocation for the Northeast in the Union budget 2016-17 and it will help all-round development of the region, Union Minister for Development of North Eastern Region (DoNER) Jitendra Singh said o...
03 Mar 2016, 8.44 pm | Source: PTI
The farming sector has been allocated around Rs 36,000 crore, while spending on irrigation has been trebled to around Rs 17,000 crore. Around Rs 5,500 crore has been earmarked for the crop insurance scheme, and Rs 19,000 crore for...
03 Mar 2016, 6.05 pm | Source: Moneycontrol.com
Moneycontrol has put together an ebook that compiles our incisive coverage on Budget Day, and packs in articles, features and views on the Budget and examines how it will impact the economy.
03 Mar 2016, 5.58 pm | Source: Moneycontrol.com
"Allowing foreign investment in any form of retail will have adverse impact on traders, farmers, hawkers, transporters, small industries and will result into mass unemployment," Confederation of All India Traders (CAIT) said in a ...
03 Mar 2016, 4.22 pm | Source: PTI
Ravi Pisharody, ED-Commercial Vehicles, Tata Motors is disappointed there was no mention of electric vehicles in the Budget but disagreed on the argument that government is promoting hybrid vehicles at the cost of electric vehicle...
03 Mar 2016, 4.08 pm | Source: CNBC-TV18
A recent report states that startups in India are expected to raise USD 700 million and 5000 jobs in the next 12 months. The Startup India iniciative, launched in January by Narendra Modi, plans to move in the same direction by pr...
03 Mar 2016, 3.24 pm | Source: Moneycontrol.com
Speaking to CNBC-TV18, Titan's Bhaskar Bhat said that the 1 percent excise duty levied on jewellery articles will widen the gap between the unorganized industry as the latter does not have to bear this additional duty.
03 Mar 2016, 3.02 pm | Source: CNBC-TV18
Finance Minister Arun Jaitley in his Budget speech for 2016-17 announced government plan to give statutory backing to Aadhaar.
03 Mar 2016, 2.30 pm | Source: PTI
"Over 300 associations, that consists of over 3 lakh manufacturers, retainers, artisans among others, participated in the stir across the country. The strike has been 100 percent successful," All India Gems and Jewellery Trade Fed...
03 Mar 2016, 2.17 pm | Source: PTI
The Budget attempts to kickstart the investment cycle through robust public capex spend even as it places equal emphasis on crucial areas such as agriculture & farmer welfare, rural development, healthcare and skill development in...
03 Mar 2016, 1.57 pm | Source: IBNLive.com
"Macroeconomic stability is fundamental to ensuring that monetary policy has space. If we don't provide that monetary policy space by generally a tighter fiscal policy, we cannot expect monetary policy to loosen up," he said while...
03 Mar 2016, 1.40 pm | Source: PTI
In an interview with CNBC-TV18, Khorakiwala said Wockhardt will maintain a double digit growth target for FY17 and expects Indian operations to grow 15-20 percent while UK operations should grow within 15 percent.
03 Mar 2016, 12.56 pm | Source: CNBC-TV18
Taimur Baig, Chief Economist, Asia Global Markets Research, Deutsche Bank AG says that while one rate hike is expected to be in the offing, more is unlikely to come.
03 Mar 2016, 11.49 am | Source: CNBC-TV18
"The Budget is credit negative for public sector banks because the government has stuck to its capital infusion road map announced in 2015, Budgeting Rs 25,000 crore in injection," says Srikanth Vadlamani, Moody's Vice-President a...
03 Mar 2016, 10.23 am | Source: PTI
The BKU is also going to hold a 'mahapanchayat' here on March 17 to protest and submit their formal demands to the government.
03 Mar 2016, 9.51 am | Source: PTI
Budget is very strategic, it is obviously work in progress, and the nine pillars which the finance minister mentioned are great, says Ranjit Shahani, vice-chairman and managing director Novartis India
03 Mar 2016, 9.35 am | Source: CNBC-TV18
All taxable services will become dearer by 0.5 percent from 1 Jun 2016 and will now be liable at a cumulative rate of 15 percent.However, unlike Swachh Bharat Cess, credit of KKC will be available against KKC. Another new levy is ...
03 Mar 2016, 9.29 am | Source: Moneycontrol.com
There were several expectations from the capital market sector,such as replacement of Dividend Distribution Tax (DDT) with tax withholding in the hands of shareholders and relaxation of disallowance of expenses in relation to the ...
03 Mar 2016, 9.29 am | Source: Moneycontrol.com
With Finance Minister Arun Jaitley sticking to the fiscal deficit target of 3.5 percent in the Budget for 2016-17, there are rising expectations that the central bank might ease interest rates during its policy meet next month.
03 Mar 2016, 9.04 am | Source: PTI
Finance Minister Arun Jaitley has already announced in his Budget speech about doing away with the classification of Plan and Non-Plan expenditure in the backdrop of 2016-17 being terminal year of the 12th Plan period (2012-17)
03 Mar 2016, 8.37 am | Source: PTI
It also highlighted potential risks from weak corporate and bank balance sheets. Jaitley's budget on Monday committed $3.7 billion to recapitalise state banks. Bankers estimate that their recapitalisation needs are nearly 10 t...
03 Mar 2016, 7.58 am | Source: Reuters
In the Budget 2016-17, the government has come out with various proposals, including customs and excise duty exemption for tools and tool-kits used in Maintenance, Repair and Overhaul (MRO) works.
02 Mar 2016, 10.29 pm | Source: PTI
The housing and construction sector got various tax reliefs in the 2016-17 budget despite not being accorded the infrastructure status, Union Minister Venkaiah Naidu said on Wednesday.
02 Mar 2016, 9.31 pm | Source: PTI
Finance Minister Arun Jaitley intends to push it as a Money Bill
02 Mar 2016, 8.25 pm | Source: CNBC-TV18
Sameer Goel, Head-Asia Rates and Currency Research at Deutsche Bank believes the Finance Minister opted in favour of credibility premium by sticking with the fiscal consolidation target.
02 Mar 2016, 6.37 pm | Source: CNBC-TV18
The environment in the world is still volatile and India does not have a catalyst to drive ahead if the world is still weak, so stick to defensive stocks, says Pratik Gupta, Head-Equities, Deutsche Bank India.
02 Mar 2016, 4.14 pm | Source: CNBC-TV18
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
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
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
The article captures the impact of Union Budget 2016 on IT and ITES sector.
02 Mar 2016, 1.33 pm | Source: Moneycontrol.com