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  • Jaitley halves import duty on LNG to 2.5 pc

    Jaitley halves import duty on LNG to 2.5 pc  

    In a bid to promote gas-based economy, Finance Minister Arun Jaitley today halved the import duty on liquefied natural gas (LNG) to 2.5 per cent, a move that will help cut cost of power and fertiliser production.

    01 Feb 2017, 8.20 pm  |  Source: PTI

  • Budget will spur growth, make economy competitive: India Inc

    Budget will spur growth, make economy competitive: India Inc  

    India Inc today hailed the Modi Government's third Budget as growth-oriented and said the proposals will make the economy more competitive and transparent.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Jaitley proposes tax concessions for banks grappling with NPAs

    Jaitley proposes tax concessions for banks grappling with NPAs  

    In a big relief to banks struggling with bad loans, the government today proposed tax concession on provisions for NPAs while announcing capital infusion of Rs 10,000 crore for state-owned lenders.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Suppy & demand of affordable homes to rise on infra status

    Suppy & demand of affordable homes to rise on infra status  

    Real estate developers, who have been badly affected by the demonetisation move, today said it's a "good Budget" for the sector that would boost supply and demand of affordable homes and thereby help in revival of the property sec...

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Cash donation to parties capped at Rs 2k, poll bonds proposed

    Cash donation to parties capped at Rs 2k, poll bonds proposed  

    In a major move aimed at promoting transparency in political funding, Finance Minister Arun Jaitley today announced capping of anonymous cash donations to political parties at Rs 2,000 and introduced electoral bonds.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Odisha gets Rs 5,102 crore for railway development in 2017-18

    Odisha gets Rs 5,102 crore for railway development in 2017-18  

    Odisha has been allocated Rs 5,102 crore for development of Railways in the Union Budget for 2017-18 against the state's demand of Rs 5,870 crore, East Coast Railways (ECoR) general manager Umesh Singh said.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Govt keen on labour reforms for ease of doing business:Jaitley

    Govt keen on labour reforms for ease of doing business:Jaitley  

    Finance Minister Arun Jaitley today made it clear that the government will go ahead with labour reforms to improve ease of doing business but protect the right of workers also.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Budget brings duty sops, new scheme to promote leather sector

    Budget brings duty sops, new scheme to promote leather sector  

    The government today extended certain duty benefits and announced a new scheme to the labour intensive leather and footwear sector with a view to boosting domestic manufacturing, exports and creating more jobs.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Civil Aviation Min gets 22% more budgetary funds for 2017-18

    Civil Aviation Min gets 22% more budgetary funds for 2017-18  

    The Civil Aviation Ministry today received a substantial increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore for the next financial year.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Central Budget disappointing: Kerala CM

    Central Budget disappointing: Kerala CM   

    CPI(M) led LDF governmnet in Kerala today said Union budget was 'disappointing' and had failed to deliver justice to the state.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Good Budget with focus on poor, agriculture: CII NE Council

    Good Budget with focus on poor, agriculture: CII NE Council  

    Describing it as a balanced and good Budget for the Northeast region, the CII Northeast Council today welcomed the Union Budget 2017-18 as "a good Budget with focus on poor, agriculture, growth, SME and integrity".

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • `India-made` mobile phones to become expensive by 1-2%

    'India-made' mobile phones to become expensive by 1-2%  

    Consumers will have to shell out 1-2 per cent more on mobile phones following the levy of a special additional duty (SAD) on circuit boards of mobile phones.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Govt extends tax exemption to CM, LG relief funds

    Govt extends tax exemption to CM, LG relief funds  

    The government today announced extension of tax exemption on contributions to Chief Minister's Relief Fund and Lieutenant Governor's Relief Fund.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Govt to amend NI Act to deal with cheque bounce cases

    Govt to amend NI Act to deal with cheque bounce cases  

    Finance Minister Arun Jaitley today said the government is considering further amending the Negotiable Instrument (NI) Act to effectively deal with lakhs of cheque bounce cases by reducing timeframe for resolution of such disputes...

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Budget makes tax compliance easy for small tax payers

    Budget makes tax compliance easy for small tax payers  

    Making it easier for small tax payers, Finance Minister Arun Jaitley today said there will be no scrutiny of assessees filing income tax returns for the first time.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Listing of security receipts issued by ARCs to be allowed: FM

    Listing of security receipts issued by ARCs to be allowed: FM  

    To enhance capital flows into the securitisation industry and check bank NPAs, the government today announced allowing listing of security receipts issued by asset reconstruction companies on stock exchanges.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Insurance industry hails decision to hike coverage under PMFBY

    Insurance industry hails decision to hike coverage under PMFBY  

    The general insurance industry today hailed the Union Budget and welcomed the government's decision to increase the coverage under the Pradhan Mantri Fasal Bima Yojana from 30 per cent to 40 per cent in 2017-18 and 50 per cent in ...

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Capital gains: Amaravati farmers get Budget bonanza

    Capital gains: Amaravati farmers get Budget bonanza  

    Union Finance Minister Arun Jaitley today gave a bonanza to thousands of farmers in Andhra Pradesh's new capital region Amaravati by waiving off the capital gains tax on sale of their developed land.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Mcap of BSE-listed cos scales record high of Rs 114 lakh cr

    Mcap of BSE-listed cos scales record high of Rs 114 lakh cr  

    The total market valuation of BSE- listed companies surged to an all-time high of over Rs 114 lakh crore today on robust stock market sentiment amid the Union Budget proposals, especially with regard to fiscal discipline and clari...

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Profit-making Pawan Hans pays Rs 5.52 crore dividend to govt

    Profit-making Pawan Hans pays Rs 5.52 crore dividend to govt  

    State-run chopper operator Pawan Hans has paid Rs 5.52 crore to the government as dividend after it reported a net profit of Rs 36.08 crore for the 2015-16 fiscal year.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • TCS says DigiGaon initiative will empower common man

    TCS says DigiGaon initiative will empower common man  

    Country's largest software exporter TCS has hailed the focus on digital initiatives in the Budget saying its implementation will empower citizens.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Budget ups public spending, halves basic tax rate

    Budget ups public spending, halves basic tax rate  

    In a pre-poll Budget aimed at softening the demonetisation blow, Finance Minister Arun Jaitley today halved the basic income tax rate to 5 per cent and lowered rate for small companies while boosting spending on rural employment, ...

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Cong terms budget `direction-less`; says no proposal to propel

    Cong terms budget 'direction-less'; says no proposal to propel  

    Congress today termed the Union Budget as "direction-less" and "deeply disappointing", adding that it has no proposal to accelerate manufacturing or job creation to propel growth.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Budget outlay of Rs 1,555 cr to boost garment exports: Irani

    Budget outlay of Rs 1,555 cr to boost garment exports: Irani  

    Union Minister Smriti Irani today said the Rs 1,555-crore outlay in the Budget for remission of state levies will "greatly benefit" exports in the garments and made-ups segment of textiles.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • `Duty cut on LED input materials will promote industry`

    'Duty cut on LED input materials will promote industry'  

    To promote ebergy efficient lighting, the government today cut excise as well as import duties on input materials used to produce LED lamps, which has been hailed by the industry.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • BJP could not succeed in `achhe din` promise: Akhilesh

    BJP could not succeed in 'achhe din' promise: Akhilesh  

    Uttar Pradesh Chief Minister Akhilesh Yadav today said the fourth budget of the Narendra Modi government has come but the BJP has still not succeeded in bringing "achhe din" as promised by the party.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Budget incremental not growth oriented, Siddaramaiah

    Budget incremental not growth oriented, Siddaramaiah  

    Stating that the union budget presented today is not growth oriented, Karnataka Chief Minister Siddaramaiah has called it an "incremental budget " and not growth oriented.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Cigarette stocks gain as much as 5%

    Cigarette stocks gain as much as 5%  

    Cigarette stocks today rose by as much as 5 per cent even as the government continued with the crackdown on cigarettes, bidis and tobacco products by increasing taxes in the Budget 2017-18.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Water purifier makers say budget to boost domestic cos

    Water purifier makers say budget to boost domestic cos  

    Reverse osmosis (RO) based water purifier makers have welcomed the government's move to reduce the customs duty on import of membrane sheet and tricot.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Govt to shut FIPB; more FDI policy relaxations on anvil

    Govt to shut FIPB; more FDI policy relaxations on anvil  

    In order to further improve ease of doing business, the government today decided to abolish FIPB and form a new mechanism that could include approvals by the ministries concerned for expeditious clearance of foreign investment pro...

    01 Feb 2017, 8.18 pm  |  Source: PTI

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