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  • 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

  • Broadcasting industry hails Budget`s focus on rural and infra

    Broadcasting industry hails Budget's focus on rural and infra  

    Hailing the Union Budget's focus on rural and infrastructure sectors, the Indian Broadcasting Foundation said it would provide impetus to the broadcasting sector through enhanced spends on advertising, but expressed disappointmen...

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • Decision on FRBM Review Panel report in due course: FM

    Decision on FRBM Review Panel report in due course: FM  

    The report of the FRBM Review Panel, headed by former revenue secretary N K Sinha, will be carefully examined and appropriate decisions will be taken in due course, Finance Minister Arun Jaitley said today.

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • TN Govt lauds FM for `balancing,` Oppn calls `disappointing`

    TN Govt lauds FM for 'balancing,' Oppn calls 'disappointing'  

    Tamil Nadu Chief Minister O Panneerselvam today dubbed the budget as a "difficult balancing task" welcoming several of its features while Leader of Opposition in Assembly M K Stalin said it was a "mix of change and disappointment....

    01 Feb 2017, 8.18 pm  |  Source: PTI

  • WDM witnesses trade worth Rs 1,039.00 cr on NSE

    WDM witnesses trade worth Rs 1,039.00 cr on NSE  

    Wholesale debt market segment of NSE today witnessed a total turnover of Rs 1,039.00 crore in 38 trades.

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Bankers lap up `balanced` Budget

    Bankers lap up 'balanced' Budget  

    Adhering to the re-capitalisation target of Rs 10,000 crore along with a commitment to do more, focus on public spending in absence of private investments and efforts to help in NPA fight today led bankers to welcome the Budget.

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Highways allocation hiked 12 pc to Rs 64,900 cr: FM

    Highways allocation hiked 12 pc to Rs 64,900 cr: FM  

    Terming roads, railways and rivers as the "lifeline of our country", Finance Minister Arun Jaitley today enhanced the allocation for highways sector by 12 per cent to Rs 64,900 crore for 2017-18.

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Budget proposals receive mixed reaction from pharma sector

    Budget proposals receive mixed reaction from pharma sector  

    The pharma sector representatives said the Union Budget has failed to specifically address imminent challenges directly affecting the key industry, but hailed certain proposals of Finance Minister Arun Jaitley.

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Budget`s digital push to make India transparent economy:Prasad

    Budget's digital push to make India transparent economy:Prasad  

    Terming the Budget as "digitally empowering", IT Minister Ravi Shankar Prasad today said that technology-backed initiatives announced today will help India become a more transparent economy.

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Budget presents `future`, aim to fulfill dreams of all

    Budget presents 'future', aim to fulfill dreams of all  

    The Budget presents the "future", Prime Minister Narendra Modi said today, while asserting that it is an important step towards overall development of the nation with focus on fulfilling the "dreams" of every section, including th...

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Budget: Tourism industry welcomes five special tourism zones

    Budget: Tourism industry welcomes five special tourism zones  

    Industry players today hailed the government's proposal to establish five special tourism zones alongwith the focus on rural infrastructure development and introduction of bio-toilets in the Union Budget 2017-18.

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Vyapar 2017 to begin tomorrow

    Vyapar 2017 to begin tomorrow  

    The sixth edition of Kerala business-to-business meet, Vyapar 2017, will be held at Bolgatty Palace here from tomorrow, providing a robust and interactive platform to the state to showcase its vibrant Small and Micro Enterprise (S...

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Budget: Textile lobby seeks restoration of some incentives

    Budget: Textile lobby seeks restoration of some incentives  

    The Cotton Textiles Export Promotion Council (TEXPROCIL) today welcomed the Budget and appealed the Government to restore some of the incentives relating to interest subvention for merchant exporters and cotton yarn and MEIS benef...

    01 Feb 2017, 8.06 pm  |  Source: PTI

  • Taxmen can reopen up to 10-yr old cases in big transactions

    Taxmen can reopen up to 10-yr old cases in big transactions  

    Income tax officers can now reopen tax cases for up to 10 years if search operations reveal undisclosed income and assets of over Rs 50 lakh.

    01 Feb 2017, 8.06 pm  |  Source: PTI

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