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  • Union Budget 2017-18: Govt removes all taxes on PoS machines to push e-payments Feb 01, 2017 01:30 PM IST

    Union Budget 2017-18: Govt removes all taxes on PoS machines to push e-payments

    Elcina Electronic Industries Association of India said the exemption should be only for short-period to meet immediate needs to address shortages of such machines. In the long-term can, exemption to such machines can be detrimental for local manufacturing.

  • Budget 2017: Govt to frame new rules on medical devices to draw investments Feb 01, 2017 01:30 PM IST

    Budget 2017: Govt to frame new rules on medical devices to draw investments

    These rules will be internationally harmonised and attract investments into this sector. This will reduce the cost of such devices," Finance Minister Arun Jaitley said.

  • Union Budget 2017-18: Highways allocation stepped up to Rs 64,000 cr, says Jaitley Feb 01, 2017 01:26 PM IST

    Union Budget 2017-18: Highways allocation stepped up to Rs 64,000 cr, says Jaitley

    Presenting the Budget in Parliament today, Jaitley said, "In the road sector, I have stepped up the budget allocation for the National Highways from Rs 57,676 crore in the BE of 2016-17 to Rs 64,000 crore in 2017-18."

  • COMMENT: India unveils Budget; views on size of fiscal deficit mixed Feb 01, 2017 01:19 PM IST

    COMMENT: India unveils Budget; views on size of fiscal deficit mixed

    Delivering his fourth Budget address to parliament, Jaitley vowed to spend more on rural areas, infrastructure and poverty alleviation in what he called a Budget for the poor.

  • Union Budget 2017-18: Least volatile; disappointed with no change in corp tax Feb 01, 2017 01:17 PM IST

    Union Budget 2017-18: Least volatile; disappointed with no change in corp tax

    Deepak Parekh, Chairman, HDFC is disappointed that there was nothing on corporate tax, except a proposal to cut corporate tax rate for MSMEs (Micro Small and Medium Enterprises) having revenues less than Rs 50 crore to 25 percent.

  • Budget 2017: PSU banks gain 4% on Rs 10,000 cr infusion announcement Feb 01, 2017 01:16 PM IST

    Budget 2017: PSU banks gain 4% on Rs 10,000 cr infusion announcement

    Union Bank of India jumped 4.34 percent, Bank of Baroda rose 3.27 percent, SBI went up 3.13 percent and PNB gained 3.12 percent on BSE.

  • Union Budget 2017-18: Centre raises CLSS loan tenure to 20 years Feb 01, 2017 01:10 PM IST

    Union Budget 2017-18: Centre raises CLSS loan tenure to 20 years

    "The Union Cabinet chaired by Prime Minister Narendra Modi has given ex-post facto approval to the proposals for extension of tenure of loans under the CLSS vertical of Pradhan Mantri Awas Yojana (Urban) Mission from 15 to 20 years," said an official statement.

  • Budget 2017: Cash dealings above Rs 3 lakh banned from Apr 1: Jaitley Feb 01, 2017 01:10 PM IST

    Budget 2017: Cash dealings above Rs 3 lakh banned from Apr 1: Jaitley

    The decision to ban cash transactions beyond a threshold is based on the recommendation of the Special Investigation Team on black money that was set up by the Supreme Court, Jaitley said while presenting Union Budget 2017-18 in Parliament.

  • Budget 2017: Footwear stocks climb 5% on govt's new scheme announcement Feb 01, 2017 01:00 PM IST

    Budget 2017: Footwear stocks climb 5% on govt's new scheme announcement

    Shares of Liberty Shoes surged 5 percent, Mirza International climbed 4.79 percent, Relaxo Footwears gained 2.96 percent, Superhouse (2.92 percent) and Bata India (0.91 percent) on BSE.

  • Budget 2017: Govt to unveil scheme for leather and footwear sector Feb 01, 2017 12:48 PM IST

    Budget 2017: Govt to unveil scheme for leather and footwear sector

    The scheme will be on the lines of the package announced for the textiles sector in June last year.

  • Budget 2017: Government will allocate Rs10,000 crore for Bharat Net project Feb 01, 2017 12:47 PM IST

    Budget 2017: Government will allocate Rs10,000 crore for Bharat Net project

    The FM also said that high speed broadband will be available in more 150,000 gram panchayats via WiFi hotspots by end of next financial year.

  • Union Budget 2017-18: Govt to infuse Rs 10,000 cr in PSU banks in FY18 Feb 01, 2017 12:44 PM IST

    Union Budget 2017-18: Govt to infuse Rs 10,000 cr in PSU banks in FY18

    Under Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore in state banks over four years while they will have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel-III.

  • Agri-related stocks gain up to 5% amid Budget announcement Feb 01, 2017 12:32 PM IST

    Agri-related stocks gain up to 5% amid Budget announcement

    Dhanuka Agritech surged 5.17 percent, Jain Irrigation Systems rose 3.17 percent and Kaveri Seed Company gained 1.52 percent on the BSE.

  • Budget 2017: Focus on welfare, infra with fiscal prudence, says Jaitley Feb 01, 2017 12:15 PM IST

    Budget 2017: Focus on welfare, infra with fiscal prudence, says Jaitley

    Outlining that India has been singled out as a bright spot in the global economy by both the International Monetary Fund (IMF) and the World Bank, Jaitley said: "Inflation has been controlled, low growth has been replaced with high growth and a massive war against black money has been launched."

  • Union Budget 2017-18: Agri credit raised to record Rs 10 lakh cr in FY18 Feb 01, 2017 12:14 PM IST

    Union Budget 2017-18: Agri credit raised to record Rs 10 lakh cr in FY18

    The government provides short-term crop loans up to Rs 3 lakh at subsidised interest rate of 7 percent per annum. An additional incentive of 3 percent is provided to farmers for prompt repayment of loans within due date, making an effective interest rate for them at 4 percent.

  • Union Budget: Demonetisation bold, decisive step; to boost economy, says FM Feb 01, 2017 12:04 PM IST

    Union Budget: Demonetisation bold, decisive step; to boost economy, says FM

    Demonetisation was a bold and decisive strike in a series of measures to arrive at a new normal of bigger, cleaner and real GDP, he said, adding that it has only a transient impact on economy and the long term benefit include higher GDP growth and tax revenue.

  • Budget focuses on 10 sectors to ensure TECIndia: Jaitley Feb 01, 2017 11:56 AM IST

    Budget focuses on 10 sectors to ensure TECIndia: Jaitley

    Finance Minister Arun Jaitley today said the focus of his Budget for 2017-18 will be on 10 important sectors, including farmers, infrastructure, digital economy and tax administration to transform, energise and clean India.

  • Highlights:Jaitley unveils Budget for recovery after cash crunch Feb 01, 2017 11:53 AM IST

    Highlights:Jaitley unveils Budget for recovery after cash crunch

    India is a "bright spot" in the world economy, Finance Minister Arun Jaitley said as he unveiled his annual Budget on Wednesday, adding that the impact on growth from the government's cash crackdown would wear off soon.

  • Budget 2017: Rural India shines bright in Budget ahead of Assembly polls Feb 01, 2017 11:52 AM IST

    Budget 2017: Rural India shines bright in Budget ahead of Assembly polls

    Expectations were rife that the Narendra Modi government will announce a populist budget given the fact that five states are going to assembly polls later this month. Measures aimed at soothing the adverse impact of demonetization are also expected.

  • WATCH BUDGET 2017 SPEECH LIVE: Arun Jaitley presents Union Budget Feb 01, 2017 11:18 AM IST

    WATCH BUDGET 2017 SPEECH LIVE: Arun Jaitley presents Union Budget

    Watch accompanying videos of Finance Minister Arun Jaitely presenting the Union Budget 2017.

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