Finance Minister Arun Jaitley in his Union Budget 2017-18 announced a new trade infrastructure export scheme.
Finance Minister Arun Jaitley has presented Union Budget 2017-18 in which he has announced that the government is planning to set-up new crude oil reserves.
Dhanuka Agritech surged 5.17 percent, Jain Irrigation Systems rose 3.17 percent and Kaveri Seed Company gained 1.52 percent on the BSE.
The allocation for the ambitious Bharat Net project is being stepped up to Rs 10,000 crore in 2017-18 and high-speed broadband on optical fibre will be available in over 1.5 lakh gram panchayats with hotspots and access to digital services at low tariffs, Finance Minister Arun Jaitley said today.
Finance Minister Arun Jaitley today announced the abolition of FIPB, a body that clears proposals envisaging foreign investment up to Rs 5,000 crore.
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."
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.
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.
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.
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.
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.
Finance Minister Arun Jaitley presented the Union Budget 2017-18 in which he announced to set up dairy processing fund by the government.
The government fixed agri credit at a record of Rs 10 lakh crore and committed to double farmer income in next five years.
Finance Minister Arun Jaitley Wednesday, announced a spate of initiatives in the agriculture sector with an increased outlay of Rs 10 lakh crore for FY18 as he presented the Union Budget for 2017-18.
Watch accompanying videos of Finance Minister Arun Jaitely presenting the Union Budget 2017.
A few hours before Finance Minister Arun Jaitley presents Union Budget, a cohort of India Inc captains expect the Budget to provide a stimulus to job creation and the farm sector.
Chetan Ahya, Co-Head Of Global Economics & Chief Asia Economist, Morgan Stanley expects fiscal deficit target to be kept around 3.3 percent. He also believes an increase in PSU bank recapitalisation to Rs 25,000 crore will lift sentiment.
Economist, Jahangir Aziz, Asia Economic Research, JPMorgan thinks the government will stick to the path of fiscal consolidation of around 3.2 to 3.3 percent.
Total mobile phone shipments in 2016 stood at 262 million units, of which smartphones accounted for 113 million (43 percent), while the remaining 149 million were feature phones.
Talking about her expectations from the Union Budget 2017 in India, Katalin Gingold, Head of Equity Research, Cartica Capital hopes that the government would resist making it a populous Budget and continue it path of fiscal consolidation.
Telecom companies transfer prepaid vouchers and SIM cards to independent distributors at a discount, who further sell to retailers or subscribers.
The Nifty has witnessed a breath-taking rally over the past one month, the fate of which may be decided this week when the Union Budget is presented on Wednesday (February 1).
Such exemptions would aid funds infusion into infrastructure projects and also allow for potentially reasonable returns, said M K Surana, Chairman and Managing Director, HPCL.
Finance Minister Arun Jaitley may not offer Rs 18.50 per kg subsidy for purchase of sugar to states for selling at a subsidised rate via ration shops in his February 1 Budget and save about Rs 4,500 crore.
Steady growth and expansion of telecom sector is fundamental for the government‘s â€˜Digital India‘ program that is poised to redefine the lives of its 1.25 billion citizens.