Telangana presented a tax-free, revenue surplus budget for 2017-18, proposing an expenditure of Rs 1,49,446 crore, an increase of 14.59% over the previous year.
With the resumption of the Budget session of Parliament, Narendra Modi hoped for a breakthrough on the GST Bill.
Arun Jaitley said that the electoral bonds announced in Union Budget 2017-18 to promote legitimate funding of political parties cannot become a parallel currency.
The govt alloted Rs 11,300 crore for education, about 24% of the total Budget, to the education sector.
The compensation norms for revenue losses accruing from transition to the GST system will bring certainty to state budgeting, rating agency ICRA said.
China's 2017 defence budget will expand by around 7 per cent, a spokesperson for the annual session of the country's top legislature announced on Saturday.
Thomas Issac in his budget decided to seek the support of the more than 2.5 million NRK's for the construction of two highways at a cost of Rs 10,000 crore.
The sector is likely to witness a gradual improvement in credit metrics, said Ind-Ra.
The Congress-led opposition on Friday walked out of the assembly, saying the 2017-2018 Budget presented by Finance Minister Thomas Issac had been leaked.
Internet would be made the right of the people and two million "poor families" will get free access to the web, Kerala Finance Minister Thomas Issac said.
The Budget session of the Himachal Pradesh assembly began with Acharya Devvrat delivering his customary speech to praise the Congress government.
The Meghalaya government has decided to do away with the distinction between Plan and Non-Plan expenditures in its budget for the fiscal 2017-18.
A.M.A. Muhith has said the government will request a record $51 billion national budget for the 2017-18 fiscal year beginning in July.
Despite a Rs 10,290 cr increase, an analysis of the Union governments health budget reveals that most of the money is not being spent on health priorities.
Rai on Thursday said that Rs 10,000 crore allocated towards recapitalisation of public sector banks (PSBs) in the Union Budget 2017-18 was "sufficient".
Delhi government's budget for the year 2017-18 will be a symbol of people-centric governance, Deputy Chief Minister Manish Sisodia said.
The govt's road and highway building programme has enough cash to build the crucial infrastructure, Gadkari has said.
Lack of policy directions for ensuring quality implementation of programmes makes the Union Budget 2017-18 allocations to ailing core social sectors
Former finance minister P Chidambaram, says the government should immediately cut indirect taxes across the board to revive the sagging economy
Nearly 2.83 lakh central government jobs are estimated to be generated by next year
Perhaps in a first, the government may have to recalibrate its budgetary tax collection estimate half-way after the GST comes into effect from July
The West Bengal government today allocated funds for people affected by demonetisation and made adjustment to the proposed GST regime in its 2017-18 Budget
Arun Jaitley said the government has come up with certain solutions to bring about transparency in electoral funding.
Sarma said the total expenditure from the consolidated fund of state in 2017-18 is estimated at Rs 85,922.69 cr.
Arun Jaitley will address the boards of the RBI and Sebi on February 11 and discuss various financial sector reforms announced in the Union Budget 2017-18
Congress on Monday said that the amount allocated for the education sector in the Union Budget 2017-18 is a misleading figure.
CBDT member SK Sahay says the income tax department has got suggestions on lowering the 10% surcharge.
I-T department said companies had a turnover of less than Rs 50 crore in 2015-16 will pay tax at the rate of 25% from April 1 even if they cross the threshold in 2016-17
Budget 2017 announcement of merger of state-run oil companies into a single entity will actually mean creation of multiple entities.
Government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament
Farmers association on Friday voiced concern at the excise duty hike on cigarettes in the Union Budget.
Budget 2017-18 continues on the path of fiscal consolidation without compromising on India's public expenditure.
Jaitley justifies status quo on corporate tax rate for big companies as they pay taxes at 25%.
The Rbi is likely to go for a 25 basis point cut in interest rate in its monetary policy review meet next week amid muted inflation, a "prudent budget"
Tyre manufacturers and MSMEs in rubber industry have expressed disappointment over the Union Budget not addressing their demand to remove inverted duty structure
Shares of PSU banks continued their rally for the second straight session, rising upto 4%, after the government proposed tax concession on provisions for NPA or bad loans
Tax benefit on loan repayment of second house will be restricted to Rs 2 lakh per annum, Finance Bill 2017 has proposed
The Budget focuses on the hinterland more and is only "mildly" supportive of growth that may touch 7.4 per cent in 2017-18, says a Crisil analysis
The budget would give a boost to the builder community while the government addressed the issue of unsold flats, Srinivas Acharya said here today
Chidambaram termed the budget for 2017-18 a "damp squib" but praised Jaitley for adopting a "tone of moderation" after demonetisation.
NAREDCO today said the 'infrastructure status' granted to affordable housing along with other tax sops would help revive the sluggish property market
The Association for Democratic Reforms said the union budget failed to address the issues of transparency, disclosure and penalties of political parties.
Twitter recorded 7.2 lakh Budget-related tweets between January 30 to February 2 as people took to the micro-blogging site to express their opinions.
Niti Aayog member Bibek Debroy today said it aims to promote growth and encourage entrepreneurship which will lead to more employment opportunities
Union Budget 2017-18 shows India's commitment to improve fiscal performance but heavy debt burden and weak public finances remain key rating constraints
The Union Budget has sent a positive signal to the global investor community looking for infrastructure opportunities in India, industry experts in Singapore said today
India is likely to within months name advisers for its planned listing of five state-run general insurers to raise as much as $1.6 billion this year, bankers said.
Softer lending rates are expected as the Budget will help banks cut rates by 50-75 bps by September
The Department of Space (DOS) got a net allocation of Rs 9,093.71 crore for the next fiscal.
American industry bodies have lauded the budget, saying Arun Jaitley has done an "admirable job" in creating a vision that will propel the domestic economy
The government's commitment to fiscal consolidation in the Budget will help the Reserve Bank adopt an accommodative monetary stance
India is expected to clock a GDP growth of 7.1 per cent in 2017-18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role
Arun Jaitley hiked the excise duty on cigarettes and tobacco products in the budget.
Political analysts said promises will have to match performance for the party to reap long-term electoral dividends.
The Indian government may allocate around Rs 544 crore for the setting up of next two 1,000 MW atomic power units at Kudankulam in Tamil Nadu.
Arun Jaitley allocated Rs 58,663 crore to agriculture and allied sector for 2017-18 and increased the farm credit target to Rs 10 lakh crore in the fiscal.
The government today announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops for developers
The national Budget 2017-18, targeted at the poor and middle class is well meaning, investor-friendly and stimulating, especially for the realty sector.
The payments industry has hailed Budget proposals to cap cash transactions at Rs 3 lakh and reduce the levies on digital payment equipment
Arun offered more money for welfare schemes, minor tax sops for individuals and small firms, with a fiscal deficit of 3.2 per cent of GDP.
The budgetary allocation for the Ministry of Development of North Eastern Region (DONER) saw a hike of about Rs 158 crore.
Arun Jaitley today proposed creation of a six-member Payments Regulatory Board in the RBI, as part of bringing about structural reforms in the payment eco-system
With tax on LTCG on equities left untouched by the Government, experts today welcomed Budget, saying this decision will calm the stock market nerves
Arun Jaitley unveiled the government's agenda for the next financial year in the form of an acronym -- "TEC".
In his Budget speech, Jaitley said 100 per cent electrification of villages will be achieved by May 1, 2018.
The trade and industry, particularly MSME and Textile industry in the region, welcomed the union budget presented by Arun Jaitley today, terming it as growth oriented
India stuck to a previously planned injection of $1.5 billion for state-owned banks in the coming financial year, disappointing hopes for a broader recapitalisation.
Indian industry stakeholders have hailed Jaitley's Union Budget, especially for infrastructure push.
"We are creating an eco-system to make India a global hub for electronics manufacturing," said Jaitley.
Arun Jaitley said the allocation for crop insurance has been increased to Rs 9,000 crore for the 2017-18 fiscal.
Arun Jaitley today revealed some data indicating that India's direct tax collection is not commensurate with the income and consumption pattern of the economy
The Tribal Affairs Ministry has been allocated Rs 5,329 crore -- almost 10 per cent more than the previous year -- in the 2017-18 Union Budget.
In a relief to start-ups, Arun Jaitley today proposed extending the time period for availing tax benefit for three years in the first seven years of existence
Manish Sisodia expressed his disappointment with the Union Budget 2017-18 and said that Delhi had again been deprived of its due share in central taxes.
Arun Jaitley proposed to allocate Rs 241,387 crore to the transportation sector in the Union Budget 2017-18.
Arun Jaitley today exempted people, from capital gains tax on transfer of such land for development of the greenfield city
Arun Jaitley said the lending target under the Pradhan Mantri Mudra Yojana has been fixed at Rs 244,000 crore.
Subsidies on food, fertiliser and petroleum have been pegged higher by over 3 per cent to more than Rs 2.4 lakh crore for 2017-18
Calling the Union Budget "controversial and clueless", Mamata Banerjee said it was without any roadmap for the country.
Amit Shah said Narendra Modi has fulfilled his promise of bringing in transparency in politics by reducing cash donation to political parties to Rs 2,000.
India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said.
Jaitley also proposed to levy late fee in order to ensure timely filing of income tax returns.
Arun Jaitley here announced Rs 10 lakh crore for agriculture credit for the current fiscal year.
Government proposed to phase out tax benefits up to Rs 25,000 on stock market investments under RGESS, which was introduced with much fanfare by the previous UPA regime
Jaitley announced Rs 10,000 cr for recapitalisation of banks owned by the central govt
Jaitley proposed in the budget to halve the income tax to 5% for those earning between Rs 250,000 and Rs 500,000 per annum.
India was largely a tax non-compliant society and that the data received post-demonetisation will be used for expanding the tax net.
Jaitley also assured greater administrative and academic autonomy to educational institutions.
The government will infuse Rs 10,000 crore in public sector banks in the next fiscal and more will be provided if required, Finance Minister Arun Jaitley said today
The fine print suggests a host of items can become either cheaper or dearer.
The government said it will pump Rs 10,000 crore in 2017-18 in its BharatNet project to lay optical fibre cables.
the government today removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc
Ananth Kumar called the Union Budget 2017-18 a revolutionary one and said it will benefit the farmers
Students may see an increased presence of online courses at institutes of higher learning purposes.
Finance Minister Arun Jaitley today announced the abolition of FIPB, a body that clears proposals envisaging foreign investment up to Rs 5,000 crore
PM says this is a Budget for the future, for farmers, underprivileged, transparency, urban rejuvenation, rural development and enterprise.
India's annual budget is "fiscally prudent," as it maintains the government's fiscal consolidation efforts and would lead to stable economic growth if implemented.
Allocating a record Rs 3.96 lakh crore to infrastructure sector, Arun Jaitley today said the magnitude of investment will spur economic activities and create more jobs
Continuing with government steps to clamp down on black money, Arun Jaitley today proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017
Speaker Sumitra Mahajan said the House will meet at 11 am on Friday.
Finance Minister Arun Jaitley today announced enhancing the outlay for National Highways by 11 per cent to Rs 64,000 crore for 2017-18
India will ramp up spending on rural areas, infrastructure and fighting poverty, Finance Minister Arun Jaitley said as he unveiled his annual budget.
Arun Jaitley today announced plans to launch a scheme for the labour intensive leather and footwear sector to boost its growth and creation of jobs
Government will move ahead with the listing of Railway PSUs -- IRCTC, IRCON and IRFC -- and come out with a procedure for a time-bound listing of CPSEs
Jaitley emphasized on the need for greater transparency in political funding.
To reduce the grievances of defence pensioners, Jaitley announced creation of web based interactive pension distribution system for defence pensioners.
Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app
Jaitley says the total revenue foregone for the cut in tax rate will be Rs 15,500 crore.
Jaitley said here on Wednesday that sanitation cover in rural areas has gone up from 42 per cent to 60 per cent.
Rahul on Wednesday said the Union Budget lacked "vision" and was a "damp squib".
The third challenges, Jaitley said, were signs of retreat from globalisation which would affect exports from emerging economies.
Jaitley also announced a plan to create a dedicated micro irrigation fund with initial amount of Rs 5,000 cr.
Jaitley says the revenue forgone due to the tax cut will be Rs 7,200 crore annually.
Jaitley on Wednesday increased the allocation for women and children welfare from Rs 1.56 lakh cr to Rs 1.84 lakh cr.
Jaitley says the government has stuck to the FRBM rule of cutting deficit by 0.3 percentage points annually.
The govt has allocated Rs 4,843 crore for electrification in financial year 2017-18.
Jaitley on Wednesday announced creation of a Railway Safety Fund of Rs one lakh crore over a period of five years.
FM cuts corp and income tax rates, hikes capital expenditure by 25.4% in FY18, to push economic growth.
Jaitley had allocated Rs 15,000 crore for the PMAY in the last year's budget.
"Pace of remonetisation has picked up and will soon reach comfortable levels".
Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real.
Jaitley on Wednesday said his Budget for 2017-18 allocates more towards rural areas, welfare schemes and infrastructure.
Jaitley on Wednesday started his budget speech amid protests from Congress members who were demanding adjournment of the proceedings for the day.
FM said the focus of Budget 2017 will be on farmers, infrastructure, digital economy and tax administration.
Jaitley is likely to boost spending and ease back on cutting the deficit when he presents his fourth budget today.
"This is a sad incident but Budget is a constitutional thing. So, Budget will be presented. After presidential obligation order things are bound to move on."
Kharge on Wednesday said not adjourning the Parliament following the death of parliamentarian E. Ahamed, will be a big mistake.
Individual tax payers are hoping for both a hike in the exemption limit and deductions under Sec 80C of the IT Act.
Despite the death of sitting parliamentarian E. Ahamed, FM Jaitley is all set to present the Budget in Parliament on Wednesday, said sources.
The Budget math could change if the government switches to a fiscal deficit range instead of a fixed target during FY18.
Jaitley should cash in on Prabhu's rail capex plan to stimulate demand and spur growth
India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, the finance ministry said in its pre-budget Economic Survey.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down 71.45 points or 0.83 per cent, to 8,561.30 points.
Labour and tax policy reforms are needed for apparel and leather sectors as they have immense opportunities for job creation, especially for weaker sections and women
Pranab Mukherjee said that frequent elections put development programmes on hold.
India's economy should grow between 6.75 percent and 7.5 percent in the financial year beginning on April 1, a government report estimated.
Twenty-four of 36 economists surveyed said the govt's key theme in the budget will be to use additional borrowing to support growth.
Arun Jaitley to offer tax breaks to the salaried class, increase govt. spending and prepare the ground for the launch of basic universal income.
Economic Survey 2016-17 advocated a Universal Basic Income scheme as an alternative poverty reduction mechanism.
The survey also said government pay rises and muted tax receipts could put pressure on the fiscal deficit in the coming fiscal year.
The Economic Survey 2016-17 tabled in Parliament has mooted the formation of a centralised public sector asset rehabilitation agency (PARA).
The survey, tabled in Parliament by FM, said demonetisation has had short-term costs but holds the potential for long-term benefits.
The Economic Survey 2016-17 called for more privatisation in the civil aviation, banking and fertiliser sectors.
A safety fund of Rs 20,000 crore for railways reeling under a series of deadly derailments as Arun Jaitley presents the first Rail Budget in the General Budget tomorrow
Setting the stage for presentation of the government's Economic Survey for 2017, President Pranab Mukherjee said India's macroeconomic fundamentals are very strong.
Allocation of money for infrastructure, capital infusion, activation of the new laws are the major expectations of the banking sector from the union budget 2017.
The government has taken several initiatives to provide healthcare to all, including an immunisation programme, Pranab Mukherjee said.
The rise of protectionism after Donald Trump became the US president may weigh on FY18 growth prospects.
More than a million Indian children die every year before reaching the age of five.
The Budget documents will have a different look this time with the Finance Ministry deciding to introduce the concept of 'composite outflow' of funds.
Amid uncertainties over GST and impact of falling prices of Chinese modules on the Make in India programme, solar sector is expecting tax incentives in the union budget.
The Trinamool Congress announced that its members will not attend Parliament when the 2017-18 Budget will be presented.
Congress leader Scindia said his party would raise issues like demonetisation and increase in ceasefire violations on the LoC.
FM Arun Jaitley will present the most challenging budget of his tenure, as he seeks to appease voters still hurting from the radical monetary shock therapy.
According to Assocham, "the corporates are seeking reduction in the corporate tax rate to 25 per cent."
Fed is widely expected to keep rates unchanged this time as President Trump has been gunning for low rates during the election campaign.
Long term capital gains of FIIs arising from sale of unlisted securities is taxed at the rate of 10%.
India has agreed to adopt OECD rules on Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations as set out in the BEPS Action Plans.
The government panel set up to review the working of FRBM Act, is expected to relax the fiscal deficit target.
Indian wants hike in exemption limit up to Rs 5 lakh, reintroduction of standard deduction and hike in medical allowances in the Budget for 2017.
Union Budget 2017-18 is likely to spell out measures to boost demand.
Service tax may go up by 50-100 bps to 14.5-15%.
The government has told Election Commission in Sept 2016 decision to advance Budget presentation by a month.
Government on Tuesday replied to the Election Commission on the opposition complaint against presenting the Union Budget before Assembly elections.
Jaitley said there was a practice to present the budget on February 28 but this year it would be presented on February 1.
The Budget session of Parliament was convened to start from January 31, a day before the Union Budget is likely to be presented.
Finance Ministry today invited suggestions from Twitterati on what should be the focus of the Budget for 2017-18 to be unveiled on February 1.
Venkaiah Naidu today said the Union Budget is for the country and would not be state specific.
Prez says need to be extra careful to alleviate the suffering of the poor .
Opposition parties approached the Election Commission seeking that the Union Budget's presentation be deferred.
Gadkari says FinMin proposing FY18 capex outlay at only Rs 58,362 crore or less than 50 per cent of Transport Ministry's proposal of Rs 90,904 crore.
A day after TMC leader Sudip Bandyopadhyay was arrested by CBI, West Bengal FM Amit Mitra staged an angry walkout from a pre-Budget meet.
With opposition protesting the move to present Union Budget on February 1, BJP rubbished their claims saying it should not be linked to election cycle.
Finance Minister Arun Jaitley will hold pre-budget consultation with states on January 4, after the meeting of the GST Council gets over.
PM Modi said advancing the date of budget presentation would help getting funds authorised for different sectors at the start of the financial year.
Reliance Capital chief investment strategist Madhusudan Kela says government is in a “sweet spot” and has space to roll out stimulus in the Budget.
India Inc has demanded cut in tax rates and bolstering government spending on infrastructure and rural areas to pump prime the economy.
Budget 2017 would do well to cut the personal and corporate income tax rate to 25 per cent, further moderate the proposed goods and services tax rates.
The public feedback for Budget has been a regular feature on MyGov for the last two years.
Prabhu says the government may now step up spending in the Budget to spur demand.
Prabhu says government needs to continue filling in the gaps in spending.
India Inc suggested complete elimination or a major reduction in Minimum Alternate Tax.
FM says one of the major priorities of the Government is to make an extensive social welfare system.
Assocham president Sunil Kanoria says demonetisation has crimped economic activity by 40%.
Finance Ministry is gearing up to present the Budget for next fiscal around February 1, advancing the scheduled date by a month.