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Budget 2017

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Budget News

  • Govt may announce package for leather sector in Budget

    Govt may announce package for leather sector in Budget  

    The commerce and industry ministry has asked its finance counterpart to give financial assistance for the Indian Leather Development Programme (ILDP) and for setting up of mega leather clusters in the country, an official said.

    11 Jan 2017, 6.53 pm  |  Source: PTI

  • Engineering exporters eyeing stimulus package in Budget

    Engineering exporters eyeing stimulus package in Budget  

    The body's Chairman T S Bhasin hoped that Finance Minister Arun Jaitley would unveil a special package for the exporters in the form of both fiscal incentives and procedural de-bottlenecks in the Budget.

    11 Jan 2017, 5.41 pm  |  Source: PTI

  • Demonetisation may postpone earnings recovery to FY18: UTI MF

    Demonetisation may postpone earnings recovery to FY18: UTI MF   

    Due to the cash crunch the recovery in earnings is likely to get postponed to FY18 and uncertainty is likely to cloud the domestic potential in the near term, says Swati Kulkarni, Executive Vice President and Fund Manager of UTI M...

    11 Jan 2017, 3.38 pm  |  Source: CNBC-TV18

  • Gains from expanding tax base will come in: Leo Puri

    Gains from expanding tax base will come in: Leo Puri   

    While 2016 has been a year of uncertainties, 2017 will bring realignment to the world. Even with foreign investors withdrawing from India, domestic investors have not dried up yet, said Leo Puri, MD of UTI Asset Management.

    11 Jan 2017, 3.37 pm  |  Source: CNBC-TV18

  • Mkt to begin 2017 range-bound; Budget key event of year:Kotak MF

    Mkt to begin 2017 range-bound; Budget key event of year:Kotak MF   

    On a long-term horizon, Krishnan says he is bullish on the auto, cement, oil and gas segments. He is especially positive on oil and gas as these sectors remain to be untouched by the demonetisation.

    11 Jan 2017, 3.37 pm  |  Source: CNBC-TV18

  • How to keep your tax saving investment proof safe?

    How to keep your tax saving investment proof safe?   

    Here are some of the ways in which an investor can ensure that they have the right proof available with them that will be enough to claim the deduction that they have made

    11 Jan 2017, 1.24 pm  |  Source: Moneycontrol.com

  • Invest in tax-saving instruments to meet financial goals

    Invest in tax-saving instruments to meet financial goals  

    Taxpayers’ habit of last minute rush to save tax is often cashed in by the financial instrument providers and advisors to meet their sales target instead of identifying and matching the investor financial needs.

    11 Jan 2017, 1.23 pm  |  Source: Moneycontrol.com

  • How to make the most of the tax benefits available with loans

    How to make the most of the tax benefits available with loans   

    Education loan and home loan come with income tax benefit. Here are the rules that govern the tax benefits.

    11 Jan 2017, 1.22 pm  |  Source: Moneycontrol.com

  • How to earn better post tax returns using bond funds

    How to earn better post tax returns using bond funds  

    This article explains how bond funds can be used to optimise post tax returns on fixed income portfolios.

    11 Jan 2017, 1.21 pm  |  Source: Moneycontrol.com

  • Budget 2017: Jump in industrial corridor outlay likely for Make in India push

    Budget 2017: Jump in industrial corridor outlay likely for Make in India push   

    FM may substantially raise allocation for speedier implementation of mega industrial zones; measures also on anvil for early setting up of National Industrial Corridor Development Authority (NICDA)

    11 Jan 2017, 12.43 pm  |  Source: Moneycontrol.com

  • SIPs power equity MFs to highest inflows in 18 months in Dec

    SIPs power equity MFs to highest inflows in 18 months in Dec  

    Mutual fund managers attributed the inflow in equity funds to the matured investor behaviour who are staying put and using volatility to invest additional money in to these schemes

    11 Jan 2017, 10.51 am  |  Source: Moneycontrol.com

  • Budget 2017: Good news for startups! FM may raise tax holiday to 5 years

    Budget 2017: Good news for startups! FM may raise tax holiday to 5 years  

    Easier exit norms for founders, simpler rules for government supplies among measures being examined; Commerce & Industry Ministry pushing for service tax exemption for startups; more funds for Atal Innovation Mission likely

    11 Jan 2017, 10.09 am  |  Source: Moneycontrol.com

  • Auto industry pins hope on Budget to boost consumer sentiment

    Auto industry pins hope on Budget to boost consumer sentiment  

    "Budget is something which we all are hoping that the government will bring measures to boost consumer sentiment," Society of Indian Automobile Manufacturers (SIAM) Director General Vishnu Mathur said.

    10 Jan 2017, 6.39 pm  |  Source: PTI

  • Market likely to be rangebound, holds Sensex target of 30K: Citi

    Market likely to be rangebound, holds Sensex target of 30K: Citi  

    Surendra Goyal of Citi says the market is likely to be rangebound till some clarity emerges. He maintains September 2017 target of 30,000 on the Sensex.

    10 Jan 2017, 12.01 pm  |  Source: CNBC-TV18

  • Passed on benefits of low prices to farmers: RCF

    Passed on benefits of low prices to farmers: RCF   

    Fertiliser stocks are buzzing ahead of the Budget on expectations of government focus on agriculture.

    10 Jan 2017, 9.47 am  |  Source: CNBC-TV18

  • Expect govt to cut taxes; wary of real estate sector:Nilesh Shah

    Expect govt to cut taxes; wary of real estate sector:Nilesh Shah   

    Speaking to CNBC-TV18 Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, said that it is better to wait for results from the demonetistiaon move.

    09 Jan 2017, 5.31 pm  |  Source: CNBC-TV18

  • 6 less known benefits under your health insurance plan

    6 less known benefits under your health insurance plan  

    Health insurance policies offer a wider bouquet of benefits. One must be aware of these to benefit from the policy.

    09 Jan 2017, 5.18 pm  |  Source: Moneycontrol.com

  • No constitutional clash if polls happen close to Budget: Ranina

    No constitutional clash if polls happen close to Budget: Ranina   

    The Election Commission today announced dates for the 5 states that go to polls this year. Questions have now been raised if it creates a constitutional problem since the Union Budget is already slated to be presented on February ...

    09 Jan 2017, 4.38 pm  |  Source: CNBC-TV18

  • Opposition not happy with Budget date; asks for postponement

    Opposition not happy with Budget date; asks for postponement   

    The polls will be held three days after the Budget announcement on February 1. Five states - Uttar Pradesh, Goa, Punjab, Manipur and Uttarakhand - will go to polls between February-March.

    09 Jan 2017, 4.38 pm  |  Source: CNBC-TV18

  • Steel Min seeks import duty reduction on coking coal, nickel

    Steel Min seeks import duty reduction on coking coal, nickel  

    Ahead of the Union Budget 2017-18, the Steel Ministry has sought reduction in import duty on both coking coal and nickel -- vital components of steel making -- a move that may revive the sector, a top official said.

    09 Jan 2017, 8.45 am  |  Source: PTI

  • Liquidity, low rates make Jan a good month to invest: Motilal

    Liquidity, low rates make Jan a good month to invest: Motilal   

    The year 2017 has a lot in store with corporate earnings and Union Budget just round the corner. Sharing his take on how the year is likely to pan out for investors, Aashish Somaiyaa of Motilal Oswal says January is a good month t...

    07 Jan 2017, 4.23 pm  |  Source: CNBC-TV18

  • Model code prohibits new schemes for poll-bound states: Ex-CEC

    Model code prohibits new schemes for poll-bound states: Ex-CEC   

    According to Former Chief Election Commissioner TS Krishnamurthy, the model code of the conduct does not interfere with ongoing schemes. It only restricts fresh announcements and particularly those which might favour poll-bound st...

    07 Jan 2017, 2.14 pm  |  Source: CNBC-TV18

  • Wrong to present Budget just three days before polls: AAP

    Wrong to present Budget just three days before polls: AAP  

    Senior AAP leader Ashutosh sought the Election Commission's intervention into the matter saying while his party was geared up for the polls the BJP would "use the Budget" to its advantage.

    05 Jan 2017, 9.17 am  |  Source: PTI

  • Budget on Feb 1 aimed at wooing voters ahead of polls: Yechury

    Budget on Feb 1 aimed at wooing voters ahead of polls: Yechury  

    In a Facebook post, he also demanded President Pranab Mukherjee and the Election Commission to take note of advancement of Budget presentation and reverse the decision.

    05 Jan 2017, 9.10 am  |  Source: PTI

  • West Bengal Budget session to begin from February 3

    West Bengal Budget session to begin from February 3  

    According to the source in the House, the Budget Session would resume on February 3 and continue for three-long weeks till February 20 or 21.

    05 Jan 2017, 8.02 am  |  Source: PTI

  • Former CECs say model code of conduct won’t affect Union Budget

    Former CECs say model code of conduct won’t affect Union Budget  

    Both TS Krishnamurthy and N Gopalaswami who served between said that the Union Budget would have to be cut to a Vote-on-Account only if this was a Lok Sabha election.

    04 Jan 2017, 2.51 pm  |  Source: NEWS18.com

  • CCPA recommends holding of Budget Session from January 31

    CCPA recommends holding of Budget Session from January 31  

    In a first, the government has decided to present the Budget on February 1 instead of the last day of the month as part of an overhaul that would also scrap the practice of a separate railway budget.

    03 Jan 2017, 12.28 pm  |  Source: PTI

  • Fiscal deficit hits 86% of Budget estimate in April-November

    Fiscal deficit hits 86% of Budget estimate in April-November  

    As per data released by the Controller General of Accounts, tax revenue came in at Rs 6.21 lakh crore, or 59 percent of the full-year BE of Rs 10.54 lakh crore. Total receipts from revenue and non-debt capital of the government du...

    31 Dec 2016, 11.12 am  |  Source: PTI

  • `Budget should take advantage of opportunity given by cash ban`

    'Budget should take advantage of opportunity given by cash ban'   

    Janmejaya Sinha says he himself has been a strong believer in a shift to digital payments, but he says government needs to provide the public with ample infrastructure to facilitate the move. The government also needs to keep a wa...

    30 Dec 2016, 6.17 pm  |  Source: CNBC-TV18

  • Budget a positive trigger for markets, may ease pain: Experts

    Budget a positive trigger for markets, may ease pain: Experts   

    Sensex closes down 385 points (1.5%) at 25,765. Market experts talk about the impact of demonetisation and whether markets will see strong positions anytime soon.

    21 Dec 2016, 9.19 pm  |  Source: CNBC-TV18

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