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  • Jewellers say Budget will boost sector, drive consumption Feb 01, 2017 04:52 PM IST

    Jewellers say Budget will boost sector, drive consumption

    "Focus on farmers, infrastructure and digital economy will create transparency and will have an overall positive sentiment in the market," PNG Jewellers Chairman and Managing Director and India Bullion and Jewellers Association (IBJA) Saurabh Gadgil told PTI here.

  • Union Budget 2017-18: Masala bonds to get more tax benefits Feb 01, 2017 04:44 PM IST

    Union Budget 2017-18: Masala bonds to get more tax benefits

    Rupee-denominated offshore bonds, popularly known as masala bonds, today got a tax benefit boost with the Union Budget exempting them from taxation for transfer among non-residents, while a low rate of 5 percent will apply for investors till 2020.

  • Nabard hails higher fund allocation for irrigation, dairy Feb 01, 2017 04:40 PM IST

    Nabard hails higher fund allocation for irrigation, dairy

    "The Budget focuses a lot on the rural and agriculture sector. Though the thrust on digital continues, reforms announced in the Budget will generate employment and help in doubling farmers income," chairman Harsh Kumar Bhanwala told PTI.

  • Healthcare costs to become more affordable, say industrialists Feb 01, 2017 04:40 PM IST

    Healthcare costs to become more affordable, say industrialists

    Although no major reforms were announced, plans to amend Drugs and Cosmetics Rules, formulate new norms for medical devices and taking steps for strengthening medical education will reduce healthcare cost for the masses, industry players today said.

  • Union Budget 2017-18: Favourable proposals for oil & gas sector, says K Ravichandran Feb 01, 2017 04:35 PM IST

    Union Budget 2017-18: Favourable proposals for oil & gas sector, says K Ravichandran

    K Ravichandran, Group Head, Corporate Sector ratings at ICRA is of the view that Union Budget has several favourable proposals for the oil & gas sector such as creation of two more strategic oil reserve projects, reduction in basic customs duty (BCD) on LNG from 5 percent to 2.5 percent and creation of an integrated oil PSU major.

  • Budget allocation to WCD hiked by 20% Feb 01, 2017 04:34 PM IST

    Budget allocation to WCD hiked by 20%

    The amount budgeted for 'Indira Gandhi Matritva Sahyog Yojana' saw a four times jump with Rs 2,700 crore being set aside this year as compared to Rs 634 crore in 2016-17. As per this scheme Rs 6,000 will be provided for mothers who seek institutionalised delivery and vaccination.

  • Union Budget 2017-18: Cautious with focus on affordable housing: Sunil Mishra Feb 01, 2017 04:24 PM IST

    Union Budget 2017-18: Cautious with focus on affordable housing: Sunil Mishra

    According to Sunil Mishra, Chief Strategy Officer at PropTiger.com, Union Budget 2017 has been cautious while the standalone sector being the real estate.

  • Union Budget 2017-18: Budget to have positive impact on job market, says Experts Feb 01, 2017 04:24 PM IST

    Union Budget 2017-18: Budget to have positive impact on job market, says Experts

    The budget is expected to bring positive impact on job market as the focus on infrastructure and ease of doing business is aligned with the government's vision of job creation, experts say.

  • Union Budget 2017-18: Budget follows PM's vision of 'Sabka Saath Sabka Vikas': Raman Feb 01, 2017 04:20 PM IST

    Union Budget 2017-18: Budget follows PM's vision of 'Sabka Saath Sabka Vikas': Raman

    Chhattisgarh Chief Minister Raman Singh praised the Union Budget presented today in Parliament, saying it is in accordance with Prime Minister Narendra Modi's vision of 'Sabke Saath Sabka Vikas'.

  • Union Budget 2017-18: Analysts hail tax certainty in Budget, rue high corp tax rates Feb 01, 2017 04:20 PM IST

    Union Budget 2017-18: Analysts hail tax certainty in Budget, rue high corp tax rates

    Analysts and market experts have welcomed the tax proposals in the Budget saying the slew of pro-business measures along with more inclusive taxation for individuals and small firms, will go a long way in boosting consumption which in turn will help the economy grow faster.

  • Union Budget 2017-18: Why these experts feel the Budget won't stimulate the economy Feb 01, 2017 04:16 PM IST

    Union Budget 2017-18: Why these experts feel the Budget won't stimulate the economy

    Meaningful recovery in consumption unlikely as FM focuses targets spends towards rural poor.

  • Budget will usher in new era of progres: Amit Shah Feb 01, 2017 04:02 PM IST

    Budget will usher in new era of progres: Amit Shah

    Despite its sops for various sections of society, the Budget seeks to keep fiscal deficit to 3.2 per cent which is laudable, he said, praising Prime Minister Narendra Modi and Finance Minister Arun Jaitley.

  • Budget fails to meet laid objective of better India: BMS Feb 01, 2017 04:02 PM IST

    Budget fails to meet laid objective of better India: BMS

    "Budget presented by the finance minister for the year 2017-2018 looks failed to address the objective of Budget as declared by finance minister," BMS said in statement after the Budget, presented in Parliament by Finance Minister Arun Jaitley.

  • Budget is growth oriented, adheres to fiscal prudence: Prabhu Feb 01, 2017 03:36 PM IST

    Budget is growth oriented, adheres to fiscal prudence: Prabhu

    A new era has begun by not only adhering to fiscal prudence but also bringing social equity at the same time, Prabhu said after the presentation of the General Budget by Finance Minister Arun Jaitley.

  • Union Budget 2017-18: Ban on cash tran over Rs 3 lakh good, says SIT on black money Feb 01, 2017 03:26 PM IST

    Union Budget 2017-18: Ban on cash tran over Rs 3 lakh good, says SIT on black money

    The Chairman of the Special Investigation Team (SIT) on black money, Justice (retd) M B Shah said in order to check stash funds some "stern steps" are needed to be taken but the government also has to go by the advice of economists and others and not alone them.

  • Budget 2017: Subsidy bill up over 3% at Rs 2.4 lakh cr in 2017-18 Feb 01, 2017 03:26 PM IST

    Budget 2017: Subsidy bill up over 3% at Rs 2.4 lakh cr in 2017-18

    The subsidy bill on food, petroleum and fertilisers is estimated at Rs 2,40,338.6 crore for 2017-18 fiscal, according to the Budget proposals presented by Finance Minister Arun Jaitley in Parliament.

  • Union Budget 2017-18: Govt to phase out tax sops on Rajiv Gandhi Equity Scheme Feb 01, 2017 03:26 PM IST

    Union Budget 2017-18: Govt to phase out tax sops on Rajiv Gandhi Equity Scheme

    Noting that "limited number of individuals availed this deduction", the Union Budget 2017-18 today proposed to rationalise this tax benefit introduced in Finance Act, 2012 and phase it out from assessment year 2018-19.

  • Budget unveils tax incentive for building Andhra capital Feb 01, 2017 03:20 PM IST

    Budget unveils tax incentive for building Andhra capital

    "The new capital for state of Andhra Pradesh is being constructed by innovative land-pooling mechanism without use of the Land Acquisition Act. I propose to exempt from capital gain tax," Jaitley said while tabling the Union Budget for 2017-18 in the Lok Sabha.

  • Union Budget 2017-18: Income tax for small firms slashed to 25% Feb 01, 2017 03:18 PM IST

    Union Budget 2017-18: Income tax for small firms slashed to 25%

    Unveiling the Budgetary proposals for 2017-18, Jaitley said: "As per the data of assessment year 2015-16, there are 6.94 lakh companies filing returns, out of which 6.67 lakh companies fall in this category. Therefore percentage wise, the 96 per cent companies will get the benefit of this lower taxation".

  • Union Budget 2017 positive for real estate, infra: CBRE Feb 01, 2017 03:06 PM IST

    Union Budget 2017 positive for real estate, infra: CBRE

    While greater rebates were expected in individual tax rates, nonetheless the rebate for individuals earning upto 5 lakh will help increase their disposable incomes, says Anshuman Magazine, Chairman – India and South East Asia CBRE.

  • Union Budget 2017-18: A step closer to provide housing for all, says Brotin Banerjee Feb 01, 2017 03:06 PM IST

    Union Budget 2017-18: A step closer to provide housing for all, says Brotin Banerjee

    According to Brotin Banerjee, MD & CEO at Tata Housing, infrastructure status to affordable housing comes as a landmark announcement for the consumers and the real estate industry. A long-standing demand of the sector, the government has realised that housing & infrastructure can be two pillars to increase GDP and accelerate economic growth.

  • PM Modi terms Budget as 'futuristic' Feb 01, 2017 03:00 PM IST

    PM Modi terms Budget as 'futuristic'

    "This is a Budget for the future - for farmers, underprivileged, transparency, urban rejuvenation, rural development, enterprise," Modi said while commenting on the document presented by Finance Minister Arun Jaitley in the Lok Sabha.

  • Budget softens demonetisation blow Feb 01, 2017 02:46 PM IST

    Budget softens demonetisation blow

    Breaking from the past, Finance Minister Arun Jaitley presented a historic Budget in which the railway budget has been merged and the date advanced by a month, retaining the 15 percent surcharge on taxable income above Rs 1 crore.

  • Union Budget 2017-18: Govt to launch new scheme to fund export infrastructure Feb 01, 2017 02:46 PM IST

    Union Budget 2017-18: Govt to launch new scheme to fund export infrastructure

    "A new and restructured central scheme with a focus on export infrastructure, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18," Finance Minister Arun Jaitley said in his Budget speech.

  • Budget clueless, full of hollow words: Mamata Banerjee Feb 01, 2017 02:46 PM IST

    Budget clueless, full of hollow words: Mamata Banerjee

    "A controversial #Budget2017 which is clueless, useless, baseless, missionless and actionless. Heartless No roadmap for the country or the future from a government that has lost all its credibility," Banerjee said on Twitter.

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