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Budget 2017

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Economy

  • Budget 2017: Jaitley may scrap complicated accounting system ICDS

    Budget 2017: Jaitley may scrap complicated accounting system ICDS  

    Easwar-panel on I-T simplification is also believed to have favoured replacing the ICDS with a simpler system. Industry bodies say this has increased compliance costs

    24 Jan 2017, 4.45 pm  |  Source: Moneycontrol.com

  • Govt could look at universal basic income system: Sources

    Govt could look at universal basic income system: Sources  

    The government could be looking at a universal basic income system for the citizens, sources tell CNBC-TV18. This social security scheme ensures that all citizens of the country get fixed regular sum of money.

    24 Jan 2017, 4.45 pm  |  Source: CNBC-TV18

  • Budget to focus on fiscal consolidation path: Nomura

    Budget to focus on fiscal consolidation path: Nomura  

    According to Japanese financial services major Nomura, a populist Budget is not likely, though there are concerns that the government may be tempted to provide such measures amid derailment of growth momentum post demonetisation.

    24 Jan 2017, 4.24 pm  |  Source: PTI

  • Public sector general insurers` market share zooms to 48%

    Public sector general insurers' market share zooms to 48%  

    The non-life industry collected Rs 91519.50 crore as gross premium for the first three quarters of this financial year, showing a growth of 31 percent.

    24 Jan 2017, 4.15 pm  |  Source: Moneycontrol.com

  • When one taxpayer owed 11% of India`s individual income tax

    When one taxpayer owed 11% of India's individual income tax  

    Income tax data shows an unnamed taxpayer owed the government Rs 21,870 crore for the assessment year 2014-15.

    24 Jan 2017, 4.00 pm  |  Source: Moneycontrol.com

  • Cabinet clears pension scheme for seniors with 8% return

    Cabinet clears pension scheme for seniors with 8% return  

    The Union Cabinet chaired by Prime Minister Narendra Modi gave its post-facto approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017), an official statement said.

    24 Jan 2017, 3.42 pm  |  Source: PTI

  • Budget 2017: FM may announce mega stake sale plans, says Emkay Global

    Budget 2017: FM may announce mega stake sale plans, says Emkay Global   

    Government may announce lots of disinvestment plans in the Budget and some hike in income tax slabs, says Dhananjay Sinha, Emkay Global Fin Services.

    24 Jan 2017, 3.34 pm  |  Source: CNBC-TV18

  • Govt approves 3% interest subsidy on home loans upto Rs 2 lakh

    Govt approves 3% interest subsidy on home loans upto Rs 2 lakh  

    "The government is committed in its mission to ensure housing for all by 2022. The interest subvention will not only reduce the equated monthly instalment (EMI) burden on the poor but will also help them in further construction or...

    24 Jan 2017, 3.34 pm  |  Source: PTI

  • RBI tests banks` cyber security... by hacking into their systems

    RBI tests banks' cyber security... by hacking into their systems  

    To make sure whether banks in India are prepared to face such challenges or not, Reserve Bank of India (RBI) has opted to use ethical hacking to test the cyber security vulnerabilities of banks and has unearthed shortcomings in fo...

    24 Jan 2017, 3.27 pm  |  Source: Moneycontrol.com

  • Automation may curtail employment opportunities: C Rangarajan

    Automation may curtail employment opportunities: C Rangarajan  

    "Though the situation in India with regard to replacement of jobs by machines is not alarming, it should be noted for future considerations," Rangarajan said at the Seventh Foundation Day Lecture at the ICFAI Foundation for Higher...

    24 Jan 2017, 3.24 pm  |  Source: PTI

  • `Top corporates in India unprepared for managing forex risks`

    'Top corporates in India unprepared for managing forex risks'  

    A report by India Ratings and Research today said in case of a 10 percent rupee depreciation in the financial year 2017-18, the aggregate net leverage of top 100 non-financial foreign exchange borrowers will increase to 5.6x from ...

    24 Jan 2017, 3.24 pm  |  Source: PTI

  • Five ways in which 2017 Budget will be different from past ones

    Five ways in which 2017 Budget will be different from past ones  

    It is now just a week to the Union Budget and this time it will grab more attention for the model changes that the government has either announced or will ring in besides tackling the usual subjects of tax concessions and financia...

    24 Jan 2017, 3.06 pm  |  Source: Moneycontrol.com

  • India, Bangladesh need to step up business co-op: Smriti Irani

    India, Bangladesh need to step up business co-op: Smriti Irani  

    When asked about India imposing anti dumping duty on imports of jute from Bangladesh, she said dumping of the commodity has impacted the livelihood of farmers, lower income workers and the Indian jute industry.

    24 Jan 2017, 3.00 pm  |  Source: PTI

  • Govt waives Rs 660.50 cr interest on crop loans for Nov-Dec

    Govt waives Rs 660.50 cr interest on crop loans for Nov-Dec  

    A decision in this regard was taken at the Cabinet meeting, chaired by Prime Minister Narendra Modi, to help farmers who faced hardships because of scrapping of Rs 500 and Rs 1,000 notes from November 8 mid-night.

    24 Jan 2017, 2.52 pm  |  Source: PTI

  • Budget likely to stay away from any harsh measures: D&B

    Budget likely to stay away from any harsh measures: D&B  

    According to the Dun & Bradstreet report, there is upside risk of further contagion from the slowdown in the developed economies and the Indian economy also faces considerable challenges from demonetisation especially in the rural...

    24 Jan 2017, 2.52 pm  |  Source: PTI

  • Budget 2017: IBJA seeks import duty cut to help ailing jewellery sector

    Budget 2017: IBJA seeks import duty cut to help ailing jewellery sector   

    Speaking to CNBC-TV18, Surendra Mehta, Director of IBJA said that the organisation is looking at an import duty cut because it is damaging the organised sector as the illegal import in the country is creating a big price differenc...

    24 Jan 2017, 2.26 pm  |  Source: Moneycontrol.com

  • India hopes to complete oil storage talks with UAE on Tuesday

    India hopes to complete oil storage talks with UAE on Tuesday  

    Abu Dhabi's Crown Prince Sheikh Mohamed bin Zayed al-Nahyan is headed to India week as a guest of honour to the annual Republic Day Parade in a warming of ties.

    24 Jan 2017, 2.23 pm  |  Source: Reuters

  • Tax rationalisation, digitisation key areas for Budget: HSBC

    Tax rationalisation, digitisation key areas for Budget: HSBC  

    According to the global financial services major, the government should continue with its fiscal consolidation in a "practical fashion" and stick to the 3 per cent pre-announced fiscal deficit for 2016-17, but give itself headroom...

    24 Jan 2017, 1.32 pm  |  Source: PTI

  • Pharma industry wants Budget to offer tax clarity

    Pharma industry wants Budget to offer tax clarity  

    The industry players also want the government to provide a road map towards bringing down corporate income tax down to 25 percent.

    24 Jan 2017, 12.04 pm  |  Source: PTI

  • Long term, gold use looks good despite note ban: WGC

    Long term, gold use looks good despite note ban: WGC  

    While the main demand will be for jewellery, bar and coin investment is expected to be 250-300 tonnes by 2020. Jewellery exports are estimated to touch the USD 40 billion mark, from the current USD 8.6 billion.

    24 Jan 2017, 11.28 am  |  Source: PTI

  • Budget 2017: Jaitley may set FY18 disinvestment target at about Rs 60,000 cr

    Budget 2017: Jaitley may set FY18 disinvestment target at about Rs 60,000 cr  

    Focus in 2017-18 may move to strategic sale of significant government equity in loss making units; NITI Aayog preparing list of unlisted state-owned companies that may qualify for strategic sale

    24 Jan 2017, 11.17 am  |  Source: Moneycontrol.com

  • Demonetisation drive to favour big gold jewellery store chains

    Demonetisation drive to favour big gold jewellery store chains  

    Somasundaram PR, managing director of the WGC's Indian operations, said on Tuesday Prime Minister Narendra Modi's move to scrap 500 and 1,000 rupee banknotes - a 'demonetisation' crackdown on corruption and tax evasion - will boos...

    24 Jan 2017, 11.16 am  |  Source: Reuters

  • Budget 2017: Jaitley may cut MAT along with lower corporate income tax

    Budget 2017: Jaitley may cut MAT along with lower corporate income tax  

    The extent of the cut in MAT’s rate will depend on the reduction in headline corporate income tax rate that the finance minister is expected to announce in the budget

    24 Jan 2017, 11.13 am  |  Source: Moneycontrol.com

  • Ajanta Pharma gets import ban for selling unapproved drug in US

    Ajanta Pharma gets import ban for selling unapproved drug in US   

    The import alert falls in the category of 66-41 which relates to marketing or promotion of unapproved products. In this case, Ajanta was found marketing its erectile dysfunction drug Kamarga in United States without proper approva...

    24 Jan 2017, 11.00 am  |  Source: Moneycontrol.com

  • US can learn from India`s move toward cashless society: Expert

    US can learn from India's move toward cashless society: Expert  

    "With this, India will skip two generations of financial technologies and build something as monumental as China's Great Wall and America's interstate highways," Wadhwa said in his op-ed titled 'What the US can learn from India's ...

    24 Jan 2017, 10.30 am  |  Source: PTI

  • Demonetisation to have limited impact on Nepal: IMF

    Demonetisation to have limited impact on Nepal: IMF  

    "The main risk to the outlook pertains to failure of capital budget implementation to improve," the IMF said, noting that Nepal's economy is rebounding after a slowdown caused by the 2015 earthquakes and trade disruptions, support...

    24 Jan 2017, 10.30 am  |  Source: PTI

  • Budget 2017: Govt may set Rs 75k-100k cr spectrum revenue target in 2017-18

    Budget 2017: Govt may set Rs 75k-100k cr spectrum revenue target in 2017-18  

    Department of Telecom has identified about 580 Mhz of spectrum across 700, 1800, 2100, 2300 Mhz and 5G airwaves that will be auctioned in 2017

    24 Jan 2017, 10.23 am  |  Source: Moneycontrol.com

  • Budget 2017: FM may widen `Google Tax` net to include songs, games, films

    Budget 2017: FM may widen 'Google Tax' net to include songs, games, films  

    Equalisation levy of 6 percent, introduced in 2016-17, may be widened to account for downloading of songs, books and other online consumption such as news and the movies; rate likely to be kept unchanged

    24 Jan 2017, 10.11 am  |  Source: Moneycontrol.com

  • GJF wants 5% import tax;PAN card limit to Rs 5 lakh for Budget

    GJF wants 5% import tax;PAN card limit to Rs 5 lakh for Budget  

    All India Gems and Jewellery Trade Federation (GJF), the apex body for domestic gems and jewellery industry, has recomended the Finance Minister to increase the mandatory PAN card limit to Rs 5 lakh and above.

    24 Jan 2017, 9.38 am  |  Source: PTI

  • AIF investments swell to Rs 28,486 cr as of December quarter

    AIF investments swell to Rs 28,486 cr as of December quarter  

    AIFs are a class of pooled-in vehicles for investing in real estate, private equity and hedge funds and 268 such funds are registered with the Securities and Exchange Board of India (Sebi) since 2012.

    24 Jan 2017, 8.40 am  |  Source: PTI

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