Jaitley said infrastructure was the thrust area of the government for efficiency, productivity and quality of life and approach was to spend more on infrastructure development.
01 Feb 2017, 6.13 pm | Source: PTI
Finance Minister Arun Jaitley on Wednesday announced a budgetary allocation of Rs 3.96 lakh crore for infrastructure projects for FY18. This is roughly 80 percent higher than the budget estimate of Rs 221,246 crore for FY17.
01 Feb 2017, 6.11 pm | Source: Moneycontrol.com
Tax relief, which the Budget provided to the stock market, alone cannot sustain the rally, growth is needed to fuel it
01 Feb 2017, 6.10 pm | Source: Moneycontrol.com
In the receipt estimates, the government has pegged revenue from communications at Rs 44,342.2 crore, which includes "licence fees from Telecom Services Providers" and "one time entry fees from new operators".
01 Feb 2017, 6.08 pm | Source: PTI
The big hit appears to be the Government’s commitment to strengthening India’s telecom network with the allocation of Rs 10,000 crore to the ambitious Bharat Net project, says Naveen Aggarwal.
01 Feb 2017, 6.08 pm | Source: Moneycontrol.com
Reduction in BCD on LNG is a welcome move, which will make LNG more affordable to end users in industrial category such as ceramics, glass, chemicals besides large consumers such as power and fertilizer sectors, says K Ravichandra...
01 Feb 2017, 6.07 pm | Source: Moneycontrol.com
The reduction in capital gains period for real estate is a positive move, says Shanti Ekambaram, President – Consumer Banking, Kotak Mahindra Bank.
01 Feb 2017, 6.05 pm | Source: Moneycontrol.com
"Overall a safe and balanced Budget, which could have been bolder. Good allocations for rural development, affordable housing, agriculture and infrastructure sectors.
01 Feb 2017, 6.05 pm | Source: PTI
Finance Minister Arun Jaitley is presenting the Union Budget 2017-18 in Parliament today. Catch live updates here.
01 Feb 2017, 6.04 pm | Source: Moneycontrol.com
Speaking to CNBC-TV18, Union Power Minister Piyush Goyal, said he is in favour of creating a bad bank, which Finance Minister Arun Jaitley earlier said was a possibility.
01 Feb 2017, 6.02 pm | Source: CNBC-TV18
In the Union Budget for 2017-18, Finance Minister Arun Jaitley allocated Rs 5,472.84 crore for the Ministry of New and Renewable Energy (MNRE), which is an increase of 25 percent from FY17 revised estimates.
01 Feb 2017, 6.02 pm | Source: Moneycontrol.com
Finance Minister, Arun Jaitley speaks about the Budget he announced today and his reasoning behind it.
01 Feb 2017, 6.01 pm | Source: CNBC-TV18
The government is all set to present its Budget for 2017 at 11 AM today. This Budget will be watched closely as it is the first one after the government’s demonetisation move that was implemented in November 2016.
01 Feb 2017, 5.59 pm | Source: Moneycontrol.com
Cigarette major ITC shares hit record high of Rs 269.50, up 4.5 percent intraday Wednesday as excise duty hike was within the analysts' expectations limit.
01 Feb 2017, 5.58 pm | Source: Moneycontrol.com
The government’s strategic disinvestment plans are in place already and the first such disinvestment can happen in the first quarter of next fiscal, said Arvind Panagariya, Vice-Chairman of NITI Aayog. Fiscal deficit at 3.2 perc...
01 Feb 2017, 5.55 pm | Source: CNBC-TV18
The broad divestment policy remains the same and department is looking to achieve divestment target through minority stake sale, strategic sale, listing of CPSEs, consolidation of oil sector and listing of insurance companies.
01 Feb 2017, 5.51 pm | Source: CNBC-TV18
While the industry expected exemption from Minimum Alternate Tax (MAT), it has accepted the provision to allow MAT credit to be carried forward from 10 years to 15 years as a positive step forward.
01 Feb 2017, 5.38 pm | Source: PTI
The capital outlay for the three defence services for the purchase of new equipment, weapons, aircraft, warships and other military vehicles stood at Rs 86,488 crore for 2016-17 as compared to Rs 78,586 crore for this fiscal.
01 Feb 2017, 5.36 pm | Source: PTI
Speaking to CNBC-TV18, Vikas Khemani, President and Chief Executive Officer at Edelweiss Securities, said that fiscal deficit would be the number to watch.
01 Feb 2017, 5.33 pm | Source: CNBC-TV18
In an interview to CNBC-TV18’s Surabhi Upadhyay, Sanjay Tolia, Partner Tax at PwC, Samir Kanabar, Partner at EY, Feroze Azeez, Deputy CEO, Anand Rathi Private Wealth and Nitin Jain, CEO, Global Asset Management at Edelweiss shar...
01 Feb 2017, 5.31 pm | Source: CNBC-TV18
Finance Minister Arun Jaitley’s speech for Budget 2017 doesn’t evince enough interest to buy into NBFC stocks, according to Ajay Srivastava of Dimensions Consulting. He said the Budget lacks enough spunk to buy in NBFC stocks.
01 Feb 2017, 5.29 pm | Source: CNBC-TV18
The share of subsidies as proportion of total expenditure has been on a decline since 2012. Back then it stood at 18.23 percent and now it has fallen to 11.19 percent.
01 Feb 2017, 5.25 pm | Source: Moneycontrol.com
Tax experts say that the move to widen tax window to seven years for 'startups' will be an eyewash. The exemption of three years tax holiday can only be claimed by ventures incorporated and registered with government of India as a...
01 Feb 2017, 5.25 pm | Source: Moneycontrol.com
The Budget has allocated Rs 3.96 trillion to infra sector to spur economic activities and create more jobs and has also accorded infrastructure status to affordable housing projects which will give lot of tax incentives to the pla...
01 Feb 2017, 5.22 pm | Source: PTI
Announcing the setup of a rail safety corpus, Finance Minister Arun Jaitley in his Union Budget speech proposed to invest Rs 1.3 lakh crore in Indian Railways in the fiscal year 2017-18.
01 Feb 2017, 5.19 pm | Source: Moneycontrol.com
In the Union Budget for the fiscal 2017-18 announced by Finance Minister Arun Jaitley today, Ayush Ministry has been allocated Rs 1,428.65 crore for the financial year, starting April 1 this year.
01 Feb 2017, 5.07 pm | Source: PTI
Giving a boost to clean energy programme, Finance Minister Arun Jaitley today proposed massive cuts in excise and customs duties on materials used in solar and wind plants, and also announced the second phase of solar park develop...
01 Feb 2017, 5.06 pm | Source: PTI
The ministers also lauded Finance Minister Arun Jaitley for offering "many" concessions to honest tax payers, while tightening the noose around those evading taxes and fleeing the country.
01 Feb 2017, 5.05 pm | Source: PTI
Noting that the Finance Minister has shown fiscal prudence by keeping the Fiscal deficit target at 3.2 percent, she has rated the budget "overall a 7/10".
01 Feb 2017, 5.00 pm | Source: PTI
Reacting to the proposals in the Budget presented by Finance Minister Arun Jaitley today, he praised the Centre's move to bring "much-needed" reforms in political funding by making political parties file income tax returns, and lo...
01 Feb 2017, 4.58 pm | Source: PTI