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Budget 2017

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Economy

  • India Inc needs animal spirit, govt nudge for growth: Uday Kotak

    India Inc needs animal spirit, govt nudge for growth: Uday Kotak  

    Confident of India gaining its "rightful place" in coming years on the world stage alongside the US and China, ace banker Uday Kotak has said Indian corporates also need to combine some "animal spirit" with their judicious capital...

    22 Jan 2017, 4.00 pm  |  Source: PTI

  • What do insurance companies want from Budget 2017?

    What do insurance companies want from Budget 2017?  

    On the heels of demonetisation, the insurance industry is seeking higher tax exemptions, focus on e-payment and compulsory home insurance in the upcoming Union Budget that will help in increasing insurance penetration in India.

    22 Jan 2017, 3.00 pm  |  Source: PTI

  • GDP may slow down if GST implemented in hurry: Tax officials

    GDP may slow down if GST implemented in hurry: Tax officials  

    Claiming that demonetisation has affected country's growth, a major central revenue body has asked Finance Minister Arun Jaitley not to implement Goods and Services Tax (GST) in a hurry and threatened to take legal recourse in cas...

    22 Jan 2017, 1.54 pm  |  Source: PTI

  • Double I-T exemption limit, continue with corp deductions: EY

    Double I-T exemption limit, continue with corp deductions: EY  

    The government should double the basic I-T exemption limit to Rs 5 lakh per year and continue with incentives and deductions to corporate houses for stimulating consumption demand and propel private investment post demonetisation...

    22 Jan 2017, 1.00 pm  |  Source: PTI

  • FPI outflows at Rs 5,100 cr in Jan over economic growth concerns

    FPI outflows at Rs 5,100 cr in Jan over economic growth concerns  

    Foreign investors have pulled out over Rs 5,100 crore from the Indian capital market so far this month over concerns regarding "lower prospects" of economic growth as compared to other emerging markets.

    22 Jan 2017, 1.00 pm  |  Source: PTI

  • Demonetisation will widen tax base, Finance Ministry tells PAC

    Demonetisation will widen tax base, Finance Ministry tells PAC  

    Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.

    22 Jan 2017, 11.38 am  |  Source: PTI

  • India`s consumption growth de-risks it from uncertainity: Kamath

    India's consumption growth de-risks it from uncertainity: Kamath  

    Confident about India continuing to grow on the back of its consumption-driven economy, veteran banker and BRICS nation's National Development Bank chief K V Kamath has said the world is going through very uncertain times but tha...

    22 Jan 2017, 11.02 am  |  Source: PTI

  • West Bengal receives Rs 2.35 L cr investment proposals: Mamata

    West Bengal receives Rs 2.35 L cr investment proposals: Mamata  

    West Bengal has received investment proposals worth Rs 2.35 lakh crore across sectors at the 3rd Global Bengal Business Summit held here, Chief Minister Mamata Banerjee said today.

    21 Jan 2017, 3.10 pm  |  Source: PTI

  • ATM theft or chain snatching, your insurer will cover it

    ATM theft or chain snatching, your insurer will cover it  

    General insurance companies are now offering cover for cash lost in transit from the ATM to home, chain snatching while on the road and also alternate accommodation for hotel stay in case of damage to home.

    21 Jan 2017, 1.57 pm  |  Source: Moneycontrol.com

  • SBI Research sees 70% money supply normalisation by Feb-end

    SBI Research sees 70% money supply normalisation by Feb-end  

    Currency circulation is likely to normalise by the end of February as nearly 70 percent of the notes will be remonetised by then, a report said today.

    20 Jan 2017, 8.52 pm  |  Source: PTI

  • Wheat sowing up 7%, pulse acreage grows 11% so far in Rabi

    Wheat sowing up 7%, pulse acreage grows 11% so far in Rabi  

    Sowing area under wheat has risen 7 percent to 313.14 lakh hectares while that of pulses is up 11 percent to 157.68 lakh hectares so far in the ongoing rabi (winter-sown) season on good monsoon and higher support price.

    20 Jan 2017, 8.52 pm  |  Source: PTI

  • Demonetisation: I-T dept gets over Rs 300 cr declarations under amnesty scheme

    Demonetisation: I-T dept gets over Rs 300 cr declarations under amnesty scheme  

    The Income Tax department has received confirmations for over Rs 300 crore declarations from across the country till now as part of the ongoing black money window called the Pradhan Mantri Garib Kalyan Yojna (PMGKY), brought out b...

    20 Jan 2017, 7.34 pm  |  Source: PTI

  • VIDEO: What are various revenue streams for Central government?

    VIDEO: What are various revenue streams for Central government?   

    Moneycontrol presents a series of video explainers on terminologies which you might encounter in a Budget presentation.

    20 Jan 2017, 6.58 pm  |  Source: Moneycontrol.com

  • Budget must plan for income transfer to lower levels: Pronab Sen

    Budget must plan for income transfer to lower levels: Pronab Sen   

    Adi Godrej, Chairman, Godrej Group, feels that cutting individual and corporate taxes is quintesential to stimulating the economy after the demonetisation led to consumption plummeting in the economy.

    20 Jan 2017, 6.32 pm  |  Source: CNBC-TV18

  • Working on ways to reduce transaction cost: RBI tells PAC

    Working on ways to reduce transaction cost: RBI tells PAC  

    RBI today informed a parliamentary panel that it is working on a mechanism to bring down transaction cost on online payments post demonetisation even as cash flow position in urban as well as rural areas have improved significantl...

    20 Jan 2017, 5.40 pm  |  Source: PTI

  • Indian banks` loans rose 5.1% YoY in two weeks to Jan 6: RBI

    Indian banks' loans rose 5.1% YoY in two weeks to Jan 6: RBI  

    Indian banks' loans rose 5.1 percent in the two weeks to Jan. 6 from a year earlier, while deposits rose 14.7 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

    20 Jan 2017, 5.32 pm  |  Source: Reuters

  • Japan threatens India with WTO on steel

    Japan threatens India with WTO on steel   

    Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other...

    20 Jan 2017, 5.28 pm  |  Source: Reuters

  • Budget 2017: Expect tax leverages for cashless payment, says Zebpay

    Budget 2017: Expect tax leverages for cashless payment, says Zebpay  

    New developments in the Budget and economic interventions will open more avenues for Digital India. India has already started experimenting with the blockchain technology. Budget should also include special allotments for experime...

    20 Jan 2017, 5.00 pm  |  Source: Moneycontrol.com

  • India a bright star in `sober` global outlook: Uday Kotak

    India a bright star in 'sober' global outlook: Uday Kotak  

    As uncertainty grips the global economic outlook, ace banker Uday Kotak today said India has an opportunity to be a "bright star" in such a "sober" scenario and the medium term prospects for the country's economy looks good as lon...

    20 Jan 2017, 4.46 pm  |  Source: PTI

  • Efforts on to normalise cash supply in rural areas: RBI

    Efforts on to normalise cash supply in rural areas: RBI  

    RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and the Economic Affairs Secretary Shaktikanta Das are appearing before the Parliament's public accounts committee today.

    20 Jan 2017, 4.39 pm  |  Source: CNBC-TV18

  • Railways seeks gross budgetary support of Rs 50K-cr for FY`18

    Railways seeks gross budgetary support of Rs 50K-cr for FY'18  

    The Ministry of Railways has sought Gross Budgetary Support (GBS) of Rs 50,000 crore for 2017-18, though the Finance Ministry is likely to agree for only Rs 40,000-45,000 crore, a senior government official said.

    20 Jan 2017, 4.22 pm  |  Source: PTI

  • Need to further speed up decision making to beat China:Gadkari

    Need to further speed up decision making to beat China:Gadkari  

    With China seeking to position itself as the new leader of global economy in place of the US, Union Minister Nitin Gadkari today said India also needs to grab this opportunity as the world is looking at it with high hopes and it w...

    20 Jan 2017, 4.22 pm  |  Source: PTI

  • FinMin asks depts to avoid spending rush in March qtr

    FinMin asks depts to avoid spending rush in March qtr  

    Finance Ministry has asked government departments to refrain from excessive expenditure in the fourth quarter and remain within the budget allocation made for the fiscal, though it made an exception in case of MGNREGA spending.

    20 Jan 2017, 3.58 pm  |  Source: PTI

  • `Indian banks will boost low interest rate funding for biz`

    'Indian banks will boost low interest rate funding for biz'  

    "The good news for businesses is that interest rates are being cut across the board led by Reserve Bank of India," said Japnit Singh, Deputy Chief Executive at the Singapore- headquartered Spire Research and Consultancy.

    20 Jan 2017, 3.50 pm  |  Source: PTI

  • RBI working on plan to reduce online charges: Sources

    RBI working on plan to reduce online charges: Sources  

    Patel met the panel to answer questions about the November 8 abolition of 500- and 1,000-rupees notes, or 86 percent of the currency then in circulation.

    20 Jan 2017, 3.22 pm  |  Source: Reuters

  • Expect huge gains from 250 mineral blocks` auction: Mines Secy

    Expect huge gains from 250 mineral blocks' auction: Mines Secy  

    The deposits in these mines include iron-ore, bauxite, manganese, limestone as well as dolomite and their leases have lapsed this month in the absence of forest and environment clearances, required for execution of a lease deed.

    20 Jan 2017, 3.10 pm  |  Source: PTI

  • Interest rate needs to be lower, acceptable, stable: President

    Interest rate needs to be lower, acceptable, stable: President  

    The country's current account deficit has shaped up because of "prudent" fiscal management and the economy has been growing in the past decade despite 2008 global financial crisis, he said.

    20 Jan 2017, 2.50 pm  |  Source: PTI

  • Aus, India deals boost French arms sales to record 20 bn euros

    Aus, India deals boost French arms sales to record 20 bn euros  

    "In 2015, we hit our historical exports figure of 17 billion euros," Jean-Yves Le Drian said in a New Year's speech to defence officials late on Thursday.

    20 Jan 2017, 2.47 pm  |  Source: Reuters

  • Why insurers are uncomfortable with IRDAI diktat on disclosures

    Why insurers are uncomfortable with IRDAI diktat on disclosures  

    Even when voting decisions are put forward, large insurers take a neutral stand and abstain from voting or vote for the management. These activities will now have to be declared publicly along with reasons for it

    20 Jan 2017, 2.38 pm  |  Source: Moneycontrol.com

  • VIDEO: What expenses does Central govt incur every year?

    VIDEO: What expenses does Central govt incur every year?   

    This year, the Union Budget 2017-18, which will be presented on February 1, will be closely watched for a number of reasons. With demonetisation casting a shadow over the country, everyone from a office drone to a farm hand, is ex...

    20 Jan 2017, 2.27 pm  |  Source: Moneycontrol.com

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