According to Harshad Patil, CIO at Tata AIA Life, Finance Minister Arun Jaitley has done a fine balancing act by delivering a fiscally prudent and growth oriented budget. The budget attempts to kickstart the investment cycle throu...
01 Mar 2016, 1.22 pm | Source: Moneycontrol.com
Speaking to CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki says the infrastructure cess will be a burden to growth, especially look at the current volatility in the market.
01 Mar 2016, 1.16 pm | Source: CNBC-TV18
In an interview with CNBC-TV18, Satish Parekh, MD of Ashoka Buildcon said that he expects the company’s orderbook to grow 20-30 percent over FY17.
01 Mar 2016, 1.11 pm | Source: CNBC-TV18
Union Budget 2016 revolved around the themes of ‘Make in India’ and ‘Ease in doing business in India’
01 Mar 2016, 1.10 pm | Source: Moneycontrol.com
The additional cess is likely to hit the company’s operating profits by more than 5-6 percent said K Ravi, MD, NCL Industries.
01 Mar 2016, 1.06 pm | Source: CNBC-TV18
Tata Sponge is likely to absorb only 10-20 percent of the added cost and the rest will passed-on to the customers, said Managing Director DP Deshpande.
01 Mar 2016, 1.00 pm | Source: CNBC-TV18
The global financial services major said the Budget seeks fiscal consolidation but is cautious in its approach as it focuses on process rather than pushing the boundaries.
01 Mar 2016, 12.37 pm | Source: PTI
According to Devendra Pant, Chief Economist, India Ratings & Research, the revenue expectation is highly optimistic and for the government to stay on the consolidation path, they will need to cut capital expenditure.
01 Mar 2016, 12.20 pm | Source: Moneycontrol.com
BKU national spokesman Rakesh Tikait said Rs 5,500 crore allocated for the new crop insurance scheme will benefit insurance companies and not farmers.
01 Mar 2016, 11.19 am | Source: PTI
In an interview with CNBC-TV18, Sanjay Manyal of ICICI Direct termed yesterday's excise duty hike on cigarettes as the "mildest in the last 3 years" and said a price hike of 5-6 percent price hike on cigarettes would be enable ITC...
01 Mar 2016, 11.17 am | Source: CNBC-TV18
Presenting the Union Budget, Finance Minister Arun Jaitley allocated Rs 6,201.21 crore to the Water Resources Ministry, of which Rs 5500 crore was under plan head and the rest under non-plan head.
01 Mar 2016, 10.25 am | Source: PTI
Mukesh Aghi said the annual Budget presented by Union Finance Minister Arun Jaitley maintains the fiscal deficit to 3.5 percent from 3.9 percent and gives international investors an assurance that India can provide discipline amon...
01 Mar 2016, 10.23 am | Source: PTI
ITC rallied 6.46 percent. ICICI Bank, Axis Bank, Infosys, SBI and PNB gained 1-3 percent while ONGC and Bharti Airtel fell more than 1 percent.
01 Mar 2016, 10.01 am | Source: Moneycontrol.com
We believe that once global risk-aversion subsides substantial FII allocations will come India’s way both in equities and fixed-income, says Ajay Bodke, CEO & Chief Portfolio Manager (PMS), Prabhudas Lilladher.
01 Mar 2016, 10.00 am | Source: Moneycontrol.com
According to ICICIdirect, Budget 2016-17 reflects the government’s firm commitment to substantially boost investment in agriculture, social sector, infrastructure and employment generation, on the one hand, and sticking to the f...
01 Mar 2016, 9.52 am | Source: Moneycontrol.com
According to Ashok P. Hinduja, Chairman, Hinduja Group of Companies (India), Budget is pragmatic and growth-oriented. The Government’s commitment for retaining the fiscal deficit at 3.5 percent will have sobering effect on the i...
01 Mar 2016, 9.51 am | Source: Moneycontrol.com
As per the Union Budget announced on Monday, the 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 attribu...
01 Mar 2016, 9.50 am | Source: IBNLive.com
Senior Congress leader and former commerce minister Anand Sharma says this is not an inspirational Budget. He does not think Budget 2016 will lift growth or even encourage investment. He also says the Budget has not given a fillip...
01 Mar 2016, 9.50 am | Source: CNBC-TV18
According to D R Dogra MD & CEO - CARE Ratings, Union Budget for 2016-17 can be treated as being progressive and time appropriate having announced a raft of measures, policies and reforms catering to nearly all the sections of the...
01 Mar 2016, 9.30 am | Source: Moneycontrol.com
It is a pragmatic budget, with focus on fiscal prudence, rural spending, infrastructure spending, rationalizing tax exemptions/deductions, reducing social divide and above all, reducing credibility gap for the budgetary estimates,...
01 Mar 2016, 9.17 am | Source: Moneycontrol.com
Chokani also commended the borrowing figure, which has decreased from the previous year. This he thinks would be taken positively by the bond markets. He also discussed the fiscal deficit number, which according to him is real and...
01 Mar 2016, 9.15 am | Source: CNBC-TV18
Sunil Khanna, President and Managing Director of Emerson Network Power India is of the view that the Government has tried to keep a healthy balance between inclusive growth and fiscal consolidation amidst global volatility and add...
01 Mar 2016, 9.05 am | Source: Moneycontrol.com
Finance Minister Arun Jaitley's third Budget marked a strategic shift by addressing rural distress in a country of 1.3 billion, where two-fifths of families rely on farming and are reeling from two years of drought.
01 Mar 2016, 8.54 am | Source: Reuters
The Verdict brings to you some of the most influential opinion makers on what they made of the Budget fineprint and what Budget 2016 can do to stimulate growth and position India as an investment destination.
01 Mar 2016, 8.46 am | Source: CNBC-TV18
Money Money Money Budget Special decodes what Finance Minister Arun Jaitley's tax proposals mean for your wallet and your wealth. Surabhi Upadhyay of CNBC-TV18 discusses FM's tax policies with Navneet Munot, CIO, SBI Mutual Fund a...
01 Mar 2016, 8.35 am | Source: CNBC-TV18
Talking to newspersons after a TDP Politburo meeting here tonight, he said no financial allocation has been made for the construction of AP's new capital, Amaravati.
01 Mar 2016, 8.22 am | Source: PTI
"This is the most pragmatic Budget. The emphasis on public investments, on social sector and on a wide section of the society are all the measures which will have long-term impact on growth," Mundra told reporters on the sidelines...
01 Mar 2016, 8.19 am | Source: PTI
Bihar, among other backward states, stood to gain from the NDA government's announcement of special package for which financial arrangements as also funds for commitments on account of reorganization of states will be met, the sen...
01 Mar 2016, 8.15 am | Source: PTI
The total allocation, including plan and non-plan head, for Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) is Rs 1,326.20, an increase of Rs 201.2 crore than last year's figure of Rs 1,125 crore.
01 Mar 2016, 8.13 am | Source: PTI
Yogendra Yadav, Social Activist, also says with two consecutive droughts, the ride in Budget allocatment for agriculture and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is only marginal.
01 Mar 2016, 8.02 am | Source: CNBC-TV18