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Budget 2017

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Economy

  • RBI may consider extending deadline for reduced MDR: Pradhan

    RBI may consider extending deadline for reduced MDR: Pradhan  

    Petroleum Minister Dharmendra Pradhan today said RBI may consider extending deadline for reduced Merchant Discount Rate (MDR) charges at petrol pumps beyond March 31 to promote digital transaction.

    23 Jan 2017, 9.58 pm  |  Source: PTI

  • Subbarao: Note ban may be akin to Iraq WMD fiasco if results not tangible

    Subbarao: Note ban may be akin to Iraq WMD fiasco if results not tangible   

    The government had anticipated 15-20 percent of black money will be destroyed via its demonetisation move, which actually has not happened, believes the former governor of Reserve Bank D Subbarao.

    23 Jan 2017, 9.20 pm  |  Source: CNBC-TV18

  • Govt may announce incentives for gems & jewellery in Budget

    Govt may announce incentives for gems & jewellery in Budget  

    The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.

    23 Jan 2017, 8.24 pm  |  Source: PTI

  • Budget 2017: Safety prime for Railways; mulling safety cess on tickets: Srcs

    Budget 2017: Safety prime for Railways; mulling safety cess on tickets: Srcs   

    Of the total Rs 55,000 crore alotted to the railways this Budget, Rs 15,000 crore will be kept aside for the safety fund. The fund will be used to renew tracks and bridges, for manpower training and for track inspections.

    23 Jan 2017, 6.46 pm  |  Source: CNBC-TV18

  • Swiss Re to kick off ops in Feb; bets big on agri, health biz

    Swiss Re to kick off ops in Feb; bets big on agri, health biz  

    While the company has been existent in India for the past 87 years as a services company, it can now formally write business from their India office.

    23 Jan 2017, 3.51 pm  |  Source: Moneycontrol.com

  • Budget may levy new cess to provide social security to coolies

    Budget may levy new cess to provide social security to coolies  

    "There is a proposal from the Labour Ministry to levy a cess of 10 paisa per railway ticket to cover 20,000 railway coolies under the ambit of social security net through the Employees Provident Fund Organisation (EPFO)," a source...

    23 Jan 2017, 3.34 pm  |  Source: PTI

  • Solar-powered system to provide safe drinking water in India

    Solar-powered system to provide safe drinking water in India  

    According to researchers at the University of Edinburgh in the UK, there is no systematic treatment of sewage in rural India.

    23 Jan 2017, 3.22 pm  |  Source: PTI

  • Let`s have a big-bang Budget, Mr Jaitley

    Let's have a big-bang Budget, Mr Jaitley  

    Weeks before the Budget is announced, reports start appearing in the media on possible policy changes that are likely to be announced in the document. This year is no exception.

    23 Jan 2017, 3.11 pm  |  Source: Moneycontrol.com

  • Govt to set FY18 fiscal deficit target at 3.3-3.4%: Reports

    Govt to set FY18 fiscal deficit target at 3.3-3.4%: Reports  

    An SBI internal research report, Ecowrap, has pegged in a "fiscal deficit target of Rs 5.75 lakh crores for the financial year 2017-18, at 3.4 percent of GDP." Fiscal deficit for the financial year 2016-17 is Budgeted at 3.5 perce...

    23 Jan 2017, 2.48 pm  |  Source: PTI

  • Measures to support growth likely in Budget: Goldman Sachs

    Measures to support growth likely in Budget: Goldman Sachs  

    Prime Minister Narendra Modi in his year-end speech had made several announcements in support of the rural economy, including cheaper housing loans for low cost housing, interest rebates for farmers, and credit limit hikes and tax...

    23 Jan 2017, 2.32 pm  |  Source: PTI

  • Govt considering regulator for electronic payments

    Govt considering regulator for electronic payments  

    While the Ratan Watal committee on digital payments suggested that the government makes regulation of payments independent from the function of central banking, sources said the RBI is not very keen on giving up the regulation on ...

    23 Jan 2017, 1.46 pm  |  Source: PTI

  • Budget 2017: FM Arun Jaitley likely to include sops for agriculture sector

    Budget 2017: FM Arun Jaitley likely to include sops for agriculture sector  

    The measures may include continuing with a scheme to give concessional loans to farmers, incentives for states to computerize primary agricultural credit societies (PACSs) and higher allocations to the National Bank for Agricultur...

    23 Jan 2017, 1.32 pm  |  Source: NEWS18.com

  • Budget to make sweeping recast of direct taxes: SBI Research

    Budget to make sweeping recast of direct taxes: SBI Research  

    According to SBI's research report Ecowrap, the upcoming Budget is likely to see an increase in personal income tax exemption limit, increase in section 80C exemption limit, interest exemption on housing loan and and at least redu...

    23 Jan 2017, 1.22 pm  |  Source: PTI

  • Budget 2017: Focus on rural economy, banks and infrastructure

    Budget 2017: Focus on rural economy, banks and infrastructure  

    "There will be more attention on irrigation and agriculture. We are working out the numbers. We will have to address the problems in the rural economy which has borne the brunt of two consecutive droughts," a senior official told ...

    23 Jan 2017, 1.16 pm  |  Source: NEWS18.com

  • Budget 2017: Finance Ministry may review long term capital gains tax regime

    Budget 2017: Finance Ministry may review long term capital gains tax regime  

    The review may lead to redefining “long term” for gains capital gains in stocks to be defined as such, even as tax rates are left unchanged. The holding period is likely to be increased.

    23 Jan 2017, 12.26 pm  |  Source: NEWS18.com

  • `FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%`

    'FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%'   

    According to Bank of America Merrill Lynch (BofA-ML), the N K Singh Committee would build cyclicality in setting fiscal deficit projections by switching to a target range (3-3.5 percent) from a point target of 3 percent.

    23 Jan 2017, 11.46 am  |  Source: PTI

  • Cashless transactions in Assam hamlet for over five centuries

    Cashless transactions in Assam hamlet for over five centuries  

    The system of barter trade has been kept alive for more than five centuries by the Tiwas, a tribe of Central Assam and neighbouring Meghalaya, who hold the three-day annual fair in the third week of January in Assam's Morigaon dis...

    23 Jan 2017, 11.16 am  |  Source: PTI

  • November`s factory output figures don`t reflect reality: Crisil

    November's factory output figures don't reflect reality: Crisil  

    The research agency said a weak base was responsible for the 5.7% rise in the index of industrial production (IIP) in November, which took place despite demonetisation.

    23 Jan 2017, 11.12 am  |  Source: Moneycontrol.com

  • Avoid onslaught of heavy taxation on tobacco: Farmers to govt

    Avoid onslaught of heavy taxation on tobacco: Farmers to govt  

    The non-profit organisation representing farmers across the states, including Andhra Pradesh, Telangana, Karnataka and Gujarat, appealed to Finance Minister Arun Jaitely, to avoid "the onslaught of heavy taxation on legal cigarett...

    23 Jan 2017, 10.40 am  |  Source: PTI

  • Budget 2017: What the Fisc? Why a high fiscal deficit can be bad for EMIs

    Budget 2017: What the Fisc? Why a high fiscal deficit can be bad for EMIs  

    Greater borrowing by the Centre and states will leave banks with lesser funds to lend to companies and individuals, partly negating the gains from demonetisation-induced surge in deposits.

    23 Jan 2017, 10.24 am  |  Source: Moneycontrol.com

  • Budget 2017: Jaitley may announce roadmap on fiscal deficit range in Budget

    Budget 2017: Jaitley may announce roadmap on fiscal deficit range in Budget   

    Finance minister could announce a new framework suggesting a fiscal deficit range from 2018-19 setting the stage for replacing the FRBM Act with a new law, giving the govt more flexibility on borrowing & spending; govt awaiting re...

    23 Jan 2017, 10.13 am  |  Source: Moneycontrol.com

  • Modi govt draws up agenda to get states to ease doing-business

    Modi govt draws up agenda to get states to ease doing-business  

    To spruce up India’s ranking in terms of ease of doing business, the Union Government has put out a 295-point agenda for states, which includes the target to quicken the starting of a company to just six days from an average 26 ...

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

  • Indian bonds best performers in Asia: Nomura

    Indian bonds best performers in Asia: Nomura  

    According to the Japanese financial services major, Indian bonds outperformed sovereign bonds in the rest of the region (Hong Kong, China, Taiwan, Thailand, Malaysia, Korea Singapore, Indonesia) last year and the yield curve is li...

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Restructured education loans not to be treated as NPAs: RBI

    Restructured education loans not to be treated as NPAs: RBI  

    Banks may allow up to three spells of moratorium (not exceeding 6 months each) during life cycle of education loan, taking into account spells of unemployment/underemployment, "without treating the exercise as restructuring", RBI ...

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Racold targets 10% contribution to global revenues from India

    Racold targets 10% contribution to global revenues from India  

    Ariston Thermo Group is a 1. 5 billion Euro company with presence in more than 150 countries, and India is one of the five strategic markets for the group.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Centre needs to push stimulus, reforms in Budget: Economist

    Centre needs to push stimulus, reforms in Budget: Economist  

    Stressing that infrastructure, health and education are all important priorities, he said the greater challenge is in spending smartly, and perhaps in enabling supply from a well-incentivised and well-regulated private sector, so ...

    23 Jan 2017, 9.30 am  |  Source: PTI

  • Cashless payment can root out corruption from system : Assam CM

    Cashless payment can root out corruption from system : Assam CM  

    "Cashless payment has the potential to root out corruption from the system and citizens must adopt cashless transactions as a way of life," the Chief Minister said inaugurating the 'DigiDhan Mela' here.

    23 Jan 2017, 9.00 am  |  Source: PTI

  • Nepal`s vegetable imports from India on rise

    Nepal's vegetable imports from India on rise  

    Vegetable imports from India have continued to increase even despite the far-western region seeing a rise in commercial vegetable farming, The Kathmandu Post reported.

    23 Jan 2017, 9.00 am  |  Source: PTI

  • Payments over Rs 5,000 in Haryana via cashless transactions

    Payments over Rs 5,000 in Haryana via cashless transactions  

    Giving this information in a release, Finance Minister Capt Abhimanyu said petro cards of Indian Oil and Hindustan Petroleum have been issued to state government drivers for cashless payments for fuel.

    23 Jan 2017, 9.00 am  |  Source: PTI

  • Cash-ban distress leaves scant room for India Budget giveaways

    Cash-ban distress leaves scant room for India Budget giveaways  

    Arun Jaitley is under pressure to offer tax giveaways and step up capital and welfare spending to ease the pain from demonetisation, but the economic disruption caused by Modi's jolt has made forecasting next year's revenue outloo...

    23 Jan 2017, 8.45 am  |  Source: Reuters

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