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  • Affordable housing gets infrastructure status in Budget Feb 01, 2017 02:46 PM IST

    Affordable housing gets infrastructure status in Budget

    To promote affordable homes, the government also proposed to amend the Section 80-IBA, relaxing the condition of period of completion of the project for claiming deduction from the current three years to 5 years.

  • FM provides for 25.4% higher capital expenditure in FY'18 Feb 01, 2017 02:46 PM IST

    FM provides for 25.4% higher capital expenditure in FY'18

    Effectively, the capital expenditure estimated in the Budget for next fiscal is 10.7 percent higher than revised estimates of Rs 2.79 lakh crore for the current fiscal.

  • Union Budget 2017-18: Boost on digital economy to be positive on telecom, says KPMG Feb 01, 2017 02:33 PM IST

    Union Budget 2017-18: Boost on digital economy to be positive on telecom, says KPMG

    Jaideep Ghosh, Partner at KPMG in India is of the view that Union Budget aims to boost digital economy, which will have a positive impact on the telecom sector. Additional outlay of Rs 10,000 crore for BharatNet and creation of ‘Digi- Gaon‘ a definite positive to Broadband penetration.

  • Union Budget 2017-18: 'More ears on ground than ears on market expectations' Feb 01, 2017 02:33 PM IST

    Union Budget 2017-18: 'More ears on ground than ears on market expectations'

    Nikhil Khandelwal, MD, Systematix Shares & Stocks is of the view that Budget has also put in place various blocks to improve the farm level income – and hence believes that farm inputs requirement and rural incomes are both set to increase in the times to come.

  • Union Budget 2017-18: Govt proposes to exempt FPIs from indirect transfer provision Feb 01, 2017 02:30 PM IST

    Union Budget 2017-18: Govt proposes to exempt FPIs from indirect transfer provision

    Presenting the Budget in Parliament, Finance Minister Arun Jaitley proposed that category I and II foreign portfolio investors (FPIs) should be exempted from taxation on indirect transfers.

  • Union Budget 2017-18: Govt to borrow Rs 3.5 lakh crore in FY18 Feb 01, 2017 02:24 PM IST

    Union Budget 2017-18: Govt to borrow Rs 3.5 lakh crore in FY18

    However, gross borrowing has been pegged at Rs 5.8 lakh crore up for 2017-18, marginally higher from Budget estimate of Rs 6 lakh crore in the ongoing fiscal.

  • Union Budget 2017-18: Fasal Bima Yojana scheme gets an additional boost Feb 01, 2017 02:15 PM IST

    Union Budget 2017-18: Fasal Bima Yojana scheme gets an additional boost

    “The Fasal Bima Yojana launched by our Government is a major step in this direction. The coverage of this scheme will be increased from 30 percent of cropped area in 2016-17 to 40 percent in 2017-18 and 50 percent in 2018-19,” said Jaitley in the Budget speech.

  • Budget 2017: Jaitley gives spending a push without busting fiscal bounds Feb 01, 2017 02:03 PM IST

    Budget 2017: Jaitley gives spending a push without busting fiscal bounds

    Compared to guarded moves of the past, Jaitley used his fourth budget to launch policy changes including modifying India‘s political funding structure, but did not overhaul the corporate or individual income tax system as was widely expected.

  • Union Budget 2017-18: Budget as per expectations; thrust on infra, says Achin Goel Feb 01, 2017 02:00 PM IST

    Union Budget 2017-18: Budget as per expectations; thrust on infra, says Achin Goel

    Budget was as per expectations with no major changes with thrust on skill development, farmers, rural electrification and infrastructure development, says Achin Goel, Head, Wealth Management & Financial Planning at Bonanza Portfolio.

  • Union Budget 2017-18: Allocation to different sectors Feb 01, 2017 02:00 PM IST

    Union Budget 2017-18: Allocation to different sectors

    Finance Minister Arun Jaitley said on Wednesday the Union Budget for 2017-18 will push growth, promote digital economy and bring transparency in political funding.

  • Budget 2017: Fiscal deficit to be contained at 3.2% in FY18, says Jaitley Feb 01, 2017 01:46 PM IST

    Budget 2017: Fiscal deficit to be contained at 3.2% in FY18, says Jaitley

    Adhering to fiscal consolidation roadmap, Finance Minister Arun Jaitley today said the government will target to bring down the fiscal deficit to 3.2 percent of the GDP in the fiscal 2017-18.

  • Digi-pay to weed out corruption, new schemes on anvil: FM Feb 01, 2017 01:40 PM IST

    Digi-pay to weed out corruption, new schemes on anvil: FM

    "A merchant enabled Aadhaar payment system will be launched shortly. This will specially be beneficial to those who do not have debit cards, mobile wallets or mobile phones," Jaitley said while reading out the Budget in Parliament.

  • Moody's analyst says Budget 'fiscally prudent', reforms key Feb 01, 2017 01:39 PM IST

    Moody's analyst says Budget 'fiscally prudent', reforms key

    However, the ratings agency would still need to see more evidence of the effectiveness of reforms to justify a change in its ratings stance, said Marie Diron, associate managing director of the sovereign rating group at Moody's Investors Service.

  • Budget 2017: Passage of GST Bill marks a tectonic policy shift: FM Feb 01, 2017 01:38 PM IST

    Budget 2017: Passage of GST Bill marks a tectonic policy shift: FM

    The Finance Minister Arun Jaitley on Wednesday said that the government will stick to its GST rollout date on July 1.

  • 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.

  • 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.

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