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  • Budget 2018: Govt to set up affordable housing fund under NHB Feb 01, 2018 07:45 PM IST

    Budget 2018: Govt to set up affordable housing fund under NHB

    The government today announced a dedicated affordable housing fund under the National Housing Bank (NHB) to boost demand and supply of low-cost homes.

  • Budget 2018: Govt earmarks Rs 14,500 cr for telecom infra projects Feb 01, 2018 07:40 PM IST

    Budget 2018: Govt earmarks Rs 14,500 cr for telecom infra projects

    The Union Budget today proposed an overall allocation of around Rs 14,500 crore for the 2018-19 fiscal to augment telecom infrastructure projects, which include an alternate communication network for defence services, in the country.

  • Budget 2018: FY19 rail capex earmarked at Rs 1,48,528 cr with focus on tracks but FY18 target far from met Feb 01, 2018 07:38 PM IST

    Budget 2018: FY19 rail capex earmarked at Rs 1,48,528 cr with focus on tracks but FY18 target far from met

    The monolith has set higher aims to build these and other assets in 2018-19 even though the targets for the ongoing year will be barely half met.

  • Budget 2018: 10% Long Term Capital Gain tax to benefit P2P lending players Feb 01, 2018 07:36 PM IST

    Budget 2018: 10% Long Term Capital Gain tax to benefit P2P lending players

    The government is also committed to taking special policy measures to enable startups to attract foreign capital through hybrid instruments

  • Parkash Singh Badal hails Union Budget 2018 as 'farmer friendly' Feb 01, 2018 07:30 PM IST

    Parkash Singh Badal hails Union Budget 2018 as 'farmer friendly'

    Former Punjab Chief Minister and Shiromani Akali Dal leader Parkash Singh Badal today praised the Budget proposals "as farmer friendly and people-oriented."

  • Budget 2018: Five percent circle rate variation proposal to have minimal impact on property transactions Feb 01, 2018 07:24 PM IST

    Budget 2018: Five percent circle rate variation proposal to have minimal impact on property transactions

    The ideal way of removing the anomaly could have been to have a mechanism to recalibrate the circle rate system in a way that the difference between circle rate and average market rate is negligible

  • Budget 2018: 29% cut in Cabinet ministers' traveling, other allowances Feb 01, 2018 07:20 PM IST

    Budget 2018: 29% cut in Cabinet ministers' traveling, other allowances

    About Rs 295 crore has been earmarked for expenditure on salaries and travel by Cabinet ministers, ministers of state and ex-prime ministers for the 2018-19 financial year, which is a reduction of 29 per cent from over Rs 400 crore allocated for the ongoing fiscal.

  • Bankers hail Budget but flag concerns on expenditure overruns Feb 01, 2018 07:17 PM IST

    Bankers hail Budget but flag concerns on expenditure overruns

    Bankers have hailed the Budget as a holistic document addressing key issues to push growth, but have flagged concerns on expenditure overruns.

  • Fiscal deficit target of 3.3% announced in Budget 2018  looks shaky: Shailendra Kumar Feb 01, 2018 07:14 PM IST

    Fiscal deficit target of 3.3% announced in Budget 2018 looks shaky: Shailendra Kumar

    "Directionally, this Budget will not have much impact on the equity market, it will move largely on relative valuation and earnings growth in FY19," says Shailendra Kumar, CIO at Narnolia Securities Limited.

  • Budget 2018: Budget winners! Top 5 sectors which are likely to benefit the most Feb 01, 2018 07:10 PM IST

    Budget 2018: Budget winners! Top 5 sectors which are likely to benefit the most

    Budget 2018 continued to put a strong focus on infrastructure development, which is in line with the expectations, says Rakesh Tarway Head Research, Reliance Securities.

  • LTCG, fiscal deficit, divestment among 10 key Budget highlights for market Feb 01, 2018 07:08 PM IST

    LTCG, fiscal deficit, divestment among 10 key Budget highlights for market

    The government through the much awaited budget announced bonanzas to farmers and to micro-small-and medium enterprises. Infrastructure, healthcare and education also highlighted in the speech

  • Budget 2018 has put thrust on infrastructure development: Cox & Kings Feb 01, 2018 07:07 PM IST

    Budget 2018 has put thrust on infrastructure development: Cox & Kings

    "Overall, the thrust of this budget is on infrastructure development, which is what the tourism industry has always represented to the government," says Peter Kerkar, Group, CEO, Cox & Kings Ltd.

  • Budget 2018: No fiscal derailment, but a lot rides on GST; expect caution from RBI Feb 01, 2018 07:04 PM IST

    Budget 2018: No fiscal derailment, but a lot rides on GST; expect caution from RBI

    The fiscal deficit, at 3.5 percent in FY18 is, on expected lines and the projected number for FY19, at 3.3 percent, should not go down too badly with the market or rating agencies in the long term.

  • Udayan Mukherjee decodes Budget 2018, terms it a disappointment for investors Feb 01, 2018 07:03 PM IST

    Udayan Mukherjee decodes Budget 2018, terms it a disappointment for investors

    The Budget has taken India’s middle class out of equation and is a disappointment for investors, senior journalist and market expert Udayan Mukherjee told Moneycontrol Editor Santosh Nair, analysing an event that has been dubbed ‘election Budget’.

  • Earn more, spend less, invest for long time horizons—key takeaways from Budget 2018 Feb 01, 2018 07:01 PM IST

    Earn more, spend less, invest for long time horizons—key takeaways from Budget 2018

    As investors, the most impactful budget provision was the re-introduction of LTCG at 10 percent on equities after a long break of 13 years, writes Kalpen Parekh

  • Budget 2018: Mobile phone industry says custom duty hike to boost mfg Feb 01, 2018 07:00 PM IST

    Budget 2018: Mobile phone industry says custom duty hike to boost mfg

    The mobile phone industry has appreciated the budget proposal to hike customs duty on mobile phones saying it will increase the share of local manufacturing.

  • FM Arun Jaitley unveils a slew of measures for MSMEs, cuts corp tax to 25% Feb 01, 2018 06:55 PM IST

    FM Arun Jaitley unveils a slew of measures for MSMEs, cuts corp tax to 25%

    Also, he said the government will come out with road map to effectively tackle the issue pertaining to non-performing assets and stressed accounts of micro, small and medium enterprises.

  • 15% customs duty to make assembled vehicles costlier Feb 01, 2018 06:55 PM IST

    15% customs duty to make assembled vehicles costlier

    In the Budget for 2018-19, Finance Minister Arun Jaitley increased custom duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent. Further, duty on CBU (completely built units) imports of motor vehicles (trucks and buses) has been hiked from 20 per cent to 25 per cent.

  • Budget 2018: Mukhtar Abbas Naqvi hails 'record' hike in allocation to minority affairs ministry Feb 01, 2018 06:54 PM IST

    Budget 2018: Mukhtar Abbas Naqvi hails 'record' hike in allocation to minority affairs ministry

    The Minority Affairs Minister said the budgetary allocation to his ministry has been increased from Rs 4,197 crore in 2017-18 to Rs 4,700, which is a raise of Rs 505 crore.

  • Budget development-friendly, will strengthen 'new India' vision: PM Modi Feb 01, 2018 06:53 PM IST

    Budget development-friendly, will strengthen 'new India' vision: PM Modi

    In his first reaction after the presentation of the budget, Modi congratulated Finance Minister Arun Jaitley and his team while emphasising that the budget prepared by them will create new opportunities for rural India.

  • Salaried class gets little relief despite Rs 40,000 deduction Feb 01, 2018 06:52 PM IST

    Salaried class gets little relief despite Rs 40,000 deduction

    Already the individual tax payer was getting benefit of Rs 19,200 under transport allowance and Rs 15,000 crore under the medical allowance. Both these components add to the tax benefit of Rs 34,200 crore per annum.

  • Govt to provide tax relief to facilitate insolvency resolution Feb 01, 2018 06:51 PM IST

    Govt to provide tax relief to facilitate insolvency resolution

    The government today said it would provide tax relief to facilitate insolvency resolution proceedings to help make stressed companies more attractive to potential buyers.

  • Budget allocation for corporate affairs ministry hiked to Rs 564 cr Feb 01, 2018 06:51 PM IST

    Budget allocation for corporate affairs ministry hiked to Rs 564 cr

    According to a document of the Budget for 2018-19, the allocation has been significantly hiked for "Regional Directors, Official Liquidators and Other Expenditure with reference to various bodies under Companies Act".

  • Budget 2018 Townhall: India Inc quizzes government Feb 01, 2018 06:45 PM IST

    Budget 2018 Townhall: India Inc quizzes government

    In an interview with CNBC-TV18, Hasmukh Adhia, Secretary, Finance, Ajay Narayan Jha, Secretary, Expenditure, Rajiv Kumar, Vice Chairman at NITI Aayog, Subhash Garg, Secretary, Economic Affairs, Arvind Subramanian, Chief Economic Advisor, Neeraj Kumar Gupta, Secretary, DIPAM, Rajiv Kumar, Secretary, Department of Financial Services, Vanaja N Sarna, Chairman at CBEC, Sushil Chandra, Chairman of CBDT and Ravi Shankar Prasad, Minister for Law & IT gave their take on Arun Jaitley's Union Budget 2018 and their outlook on the road ahead.

  • Setting 2 defence production corridors a right step to boost Make in India initiative: Manish Nuwal Feb 01, 2018 06:44 PM IST

    Setting 2 defence production corridors a right step to boost Make in India initiative: Manish Nuwal

    Spent on rural roads out of total allocation for Rural development is also enhanced in big way and these will boost demand industries explosives.

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