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Moneycontrol

Budget News

  • 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

  • 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

  • India better placed than most markets for fund inflows:Lambregts

    India better placed than most markets for fund inflows:Lambregts   

    For global investors looking to park their funds somewhere, the return versus risk is limited almost in every market, Jan Lambregts of Rabobank says, adding that investors who are open to taking some risk could prefer India as the...

    02 Mar 2016, 7.59 am  |  Source: CNBC-TV18

  • Tata Motors hikes passenger vehicles prices by up to Rs 35,000

    Tata Motors hikes passenger vehicles prices by up to Rs 35,000   

    The government has decided to impose 2.5 per cent cess on diesel vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,500cc, while higher engine capacity and SUVs and bigger sedans were slapped with a cess ...

    02 Mar 2016, 7.59 am  |  Source: PTI

  • Nifty falling below 6650-6700 unlikely in near term: Nirmal Jain

    Nifty falling below 6650-6700 unlikely in near term: Nirmal Jain   

    The allocation for the rural sector in the Budget has nearly doubled and this in turn will lead to consumption-led growth, which in turn will have a cascading effect, says Nirmal Jain of IIFL

    02 Mar 2016, 7.59 am  |  Source: CNBC-TV18

  • High expectations from Modi govt; still hopeful: Tarun Khanna

    High expectations from Modi govt; still hopeful: Tarun Khanna   

    Tarun Khanna, Professor, Harvard Business School, still has high expectations from the Modi government and says it should focus on implementing the already announced policies and it needs to put substance behind these announcement...

    01 Mar 2016, 10.10 pm  |  Source: CNBC-TV18

  • Rating agencies doubt Jaitley`s revenue growth optimism

    Rating agencies doubt Jaitley's revenue growth optimism  

    The agency said a rate cut may come as early as the next policy meeting, following the government achieving the FY16 fiscal deficit target of 3.9 percent. Another agency Icra said a "final rate cut" of 0.25 percent can come in 201...

    01 Mar 2016, 7.06 pm  |  Source: PTI

  • Budget 2016: Not sure whether middle-class euphoric with Budget, says Biocon

    Budget 2016: Not sure whether middle-class euphoric with Budget, says Biocon   

    In a panel discussion on CNBC-TV18, Kiran Mazumdar Shaw, CMD of Biocon said that the Finance Minister has made right investments in farming and drafted a reasonable Budget focusing on rural prosperity.

    01 Mar 2016, 6.52 pm  |  Source: CNBC-TV18

  • Budget 2016: FM`s tax proposals aimed at growth, job creation, says Adhia

    Budget 2016: FM's tax proposals aimed at growth, job creation, says Adhia  

    Targeting a realistic 11 percent increase in tax revenue in 2016-17, the Budget has attempted to make domestic industry competitive, fuel demand and create jobs, Revenue Secretary Hashmukh Adhia said

    01 Mar 2016, 6.46 pm  |  Source: PTI

  • Budget 2016: Small mutual fund distributors exempted from service tax

    Budget 2016: Small mutual fund distributors exempted from service tax  

    The move is aimed at increasing retail participation in mutual fund (MF)industry

    01 Mar 2016, 6.42 pm  |  Source: PTI

  • Statutory status to Aadhaar; govt to bring Bill in 2 days

    Statutory status to Aadhaar; govt to bring Bill in 2 days  

    Till date over 98 crore Aadhaar numbers have been generated. Per day average of 26 lakh biometric and over 1.5 lakh e-KYC transactions are made. Aadhaar numbers have been seeded in 11.19 crore DBTL accounts out of total 16.5 crore...

    01 Mar 2016, 6.21 pm  |  Source: PTI

  • India`s 2016 Budget `balanced`, `pragmatic`: RBI deputy

    India's 2016 Budget 'balanced', 'pragmatic': RBI deputy  

    Mundra's reaction, during an interaction with reporters on Tuesday, marks the first public comment from a senior RBI official on the budget.

    01 Mar 2016, 6.07 pm  |  Source: Reuters

  • Budget 2016: Neutral to life sciences sector, says EY

    Budget 2016: Neutral to life sciences sector, says EY  

    As the Budget has not done anything regarding industry’s key asks, it would be characterised as neutral for the sector.

    01 Mar 2016, 5.56 pm  |  Source: Moneycontrol.com

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