Most fruitful Budget session in legislative history: Minister

H N Ananth Kumar said the Budget session that concluded earlier during the day has been very fruitful as both houses passed all financial bills before March 31.

Lok Sabha adjourned sine die, Speaker hails session

Apr 12 2017

The Lok Sabha was adjourned sine die by Speaker Sumitra Mahajan after working for around 176 hours during the budget session.

FM gets President's pat for finishing Budget process by Mar 31

Apr 09 2017

Arun Jaitley received a pat from Pranab Mukherjee for completing the budget exercise by March 31 and not seeking a the Vote on Account.

Speaker congratulates House on passing Budget before April 1

Apr 05 2017

Sumitra Mahajan congratulated the House members, Ministers and the government for completing the process of passing the Union Budget before April 1.

Andhra presents Rs 1.57 lakh crore budget

Mar 15 2017

Andhra Pradesh presented nearly Rs 1.57 lakh crore budget for 2017-18, an increase of 15.71 per cent in the outlay over the previous year.

Telangana presents Rs 1.50 lakh crore budget

Mar 13 2017

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.

Modi hopes for 'breakthrough' on GST

Mar 09 2017

With the resumption of the Budget session of Parliament, Narendra Modi hoped for a breakthrough on the GST Bill.

Electoral bonds cannot become parallel currency: Jaitely

Mar 08 2017

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.

Rs 48,000 cr Delhi Budget: Focus on health, education

Mar 08 2017

The govt alloted Rs 11,300 crore for education, about 24% of the total Budget, to the education sector.

Compensation for GST losses to impart certainty to state budget: ICRA

Mar 07 2017

The compensation norms for revenue losses accruing from transition to the GST system will bring certainty to state budgeting, rating agency ICRA said.

China to raise defence budget by around 7%

Mar 04 2017

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.

Kerala to tap NRK chitty for Rs 10,000-cr highway projects

Mar 03 2017

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.

Construction sector on road to recovery: Ind-Ra

Mar 03 2017

The sector is likely to witness a gradual improvement in credit metrics, said Ind-Ra.

Kerala budget leaked online: Opposition

Mar 03 2017

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.

Kerala government announces 20 lakh free internet connections

Mar 03 2017

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.

Himachal assembly session begins; Budget presentation on March 10

Mar 01 2017

The Budget session of the Himachal Pradesh assembly began with Acharya Devvrat delivering his customary speech to praise the Congress government.

Meghalaya to merge plan, non-plan expenditure in budget

Mar 01 2017

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.

Bangladesh eyes record $51 bn budget for 2017-18

Feb 27 2017

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.

Rs 10,290 crore health budget boost hides key funding cuts

Feb 23 2017

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.

Rs 10,000 cr sufficient for bank recapitalisation: Vinod Rai

Feb 16 2017

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 budget to be symbol of people-centric governance: Sisodia

Feb 15 2017

Delhi government's budget for the year 2017-18 will be a symbol of people-centric governance, Deputy Chief Minister Manish Sisodia said.

Rs 5 lakh cr worth of orders signed for roads, ports: Gadkari

Feb 13 2017

The govt's road and highway building programme has enough cash to build the crucial infrastructure, Gadkari has said.

Social sector may be victim of inadequate budget

Feb 12 2017

Lack of policy directions for ensuring quality implementation of programmes makes the Union Budget 2017-18 allocations to ailing core social sectors

Chidambaram asks Jaitley to cut indirect taxes immediately

Feb 12 2017

Former finance minister P Chidambaram, says the government should immediately cut indirect taxes across the board to revive the sagging economy

About 2.83 lakh estimated central government jobs by 2018

Feb 12 2017

Nearly 2.83 lakh central government jobs are estimated to be generated by next year

Govt may rework indirect tax maths mid-way after GST entry

Feb 12 2017

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

WB allocates funds for people affected by note-ban in Budget

Feb 10 2017

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

Finding fault with every solution not taking us anywhere: Jaitley

Feb 09 2017

Arun Jaitley said the government has come up with certain solutions to bring about transparency in electoral funding.

Assam Finance Minister tables budget

Feb 07 2017

Sarma said the total expenditure from the consolidated fund of state in 2017-18 is estimated at Rs 85,922.69 cr.

Jaitley to address RBI, Sebi boards on February 11

Feb 07 2017

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

Budgetary allocation figure for education is misleading: Congress

Feb 06 2017

Congress on Monday said that the amount allocated for the education sector in the Union Budget 2017-18 is a misleading figure.

Will Govt slash surcharge to 5% for income Rs 50 lakh-Rs 1 cr?

ASHUTOSH KUMAR | Feb 06 2017

CBDT member SK Sahay says the income tax department has got suggestions on lowering the 10% surcharge.

SMEs to pay 25% tax even if they cross Rs 50-cr limit in FY17: CBDT

Feb 06 2017

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

Oil firms' merger will create multiple entities, also problems

Feb 05 2017

Budget 2017 announcement of merger of state-run oil companies into a single entity will actually mean creation of multiple entities.

Bill to address bankruptcy in fin sector this session: Das

Feb 04 2017

Government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament

'Excise duty hike on cigarettes a blow to Indian tobacco growers'

Feb 03 2017

Farmers association on Friday voiced concern at the excise duty hike on cigarettes in the Union Budget.

Budget maintains fiscal prudence sans spending cuts: Jaitley

Feb 03 2017

Budget 2017-18 continues on the path of fiscal consolidation without compromising on India's public expenditure.

FM rules out rolling back political donation cap, open to EC advice

BTVI STAFF | Feb 03 2017

Jaitley justifies status quo on corporate tax rate for big companies as they pay taxes at 25%.

RBI may go for 25 bps repo rate cut next week: Deutsche Bank

Feb 03 2017

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, rubber industries disappointed with Union Budget

Feb 03 2017

Tyre manufacturers and MSMEs in rubber industry have expressed disappointment over the Union Budget not addressing their demand to remove inverted duty structure

PSU bank stocks continue rally on Budget proposals

Feb 02 2017

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

Budget restricts tax benefit on second house to Rs 2 lakh

Feb 02 2017

Tax benefit on loan repayment of second house will be restricted to Rs 2 lakh per annum, Finance Bill 2017 has proposed

Crisil says Budget only 'mildly supportive of growth'

Feb 02 2017

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

Budget gives boost to builder community: Sundaram BNP Paribas

Feb 02 2017

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 terms budget damn squib, praises Jaitley's 'moderation'

Feb 02 2017

Chidambaram termed the budget for 2017-18 a "damp squib" but praised Jaitley for adopting a "tone of moderation" after demonetisation.

'Infra status, tax sops to boost affordable housing projects'

Feb 02 2017

NAREDCO today said the 'infrastructure status' granted to affordable housing along with other tax sops would help revive the sluggish property market

Budget failed to address transparency of political parties: ADR

Feb 02 2017

The Association for Democratic Reforms said the union budget failed to address the issues of transparency, disclosure and penalties of political parties.

Twitter records over 7 lakh Budget-related tweets

Feb 02 2017

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.

Budget promotes growth, employment: Debroy

Feb 02 2017

Niti Aayog member Bibek Debroy today said it aims to promote growth and encourage entrepreneurship which will lead to more employment opportunities

Budget aims at fiscal improvement; debt a rating constrain:S&P

Feb 02 2017

Union Budget 2017-18 shows India's commitment to improve fiscal performance but heavy debt burden and weak public finances remain key rating constraints

Budget sent positive signals to investors: Experts

Feb 02 2017

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 may name advisers for stake sale in insurers within months

Feb 02 2017

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.

50-75% cut in bank lending rates likely by Sep: BofA-ML

Feb 02 2017

Softer lending rates are expected as the Budget will help banks cut rates by 50-75 bps by September

Space gets Rs 1,048 cr, atomic power Rs 498 cr more over previous year

Feb 02 2017

The Department of Space (DOS) got a net allocation of Rs 9,093.71 crore for the next fiscal.

US industry bodies welcomes budget, say it builds on reforms

Feb 02 2017

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

25bps repo rate cut more likely in Apr than Feb: Citigroup

Feb 02 2017

The government's commitment to fiscal consolidation in the Budget will help the Reserve Bank adopt an accommodative monetary stance

India's GDP growth likely at 7.1% in 2017-18: HSBC

Feb 02 2017

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

Excise duty hiked on cigarettes, tobacco products

Feb 02 2017

Arun Jaitley hiked the excise duty on cigarettes and tobacco products in the budget.

'Budget promises have to match action'

Feb 02 2017

Political analysts said promises will have to match performance for the party to reap long-term electoral dividends.

Rs 544 cr may be allocated for nuclear units 5&6 at Kudankulam

Feb 02 2017

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.

Agriculture, allied sector gets Rs 58,663 cr in budget

Feb 01 2017

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.

Affordable housing gets infrastructure status in Budget

Feb 01 2017

The government today announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops for developers

Budget will prove transformational for real estate, housing

Feb 01 2017

The national Budget 2017-18, targeted at the poor and middle class is well meaning, investor-friendly and stimulating, especially for the realty sector.

Payments industry hails Budget sops, cap on cash withdrawals

Feb 01 2017

The payments industry has hailed Budget proposals to cap cash transactions at Rs 3 lakh and reduce the levies on digital payment equipment

Tax sops for individuals, small firms; more money for welfare: Jaitley

Feb 01 2017

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.

North-East gets Rs 2,682 cr, substantial hike across ministries

Feb 01 2017

The budgetary allocation for the Ministry of Development of North Eastern Region (DONER) saw a hike of about Rs 158 crore.

Govt proposes Payments Regulatory Board in RBI

Feb 01 2017

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

Market men heave sigh of relief as capital gains tax untouched

Feb 01 2017

With tax on LTCG on equities left untouched by the Government, experts today welcomed Budget, saying this decision will calm the stock market nerves

'TEC' defines government's agenda for next financial year

Feb 01 2017

Arun Jaitley unveiled the government's agenda for the next financial year in the form of an acronym -- "TEC".

All villages to be electrified by 2018: Jaitley

Feb 01 2017

In his Budget speech, Jaitley said 100 per cent electrification of villages will be achieved by May 1, 2018.

Trade, industry terms budget as growth oriented

Feb 01 2017

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 sticks to bank spending plan, no bumper recapitalisation yet

Feb 01 2017

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.

India Inc welcomes Union Budget, gives thumbs up to infra push

Feb 01 2017

Indian industry stakeholders have hailed Jaitley's Union Budget, especially for infrastructure push.

Govt hikes allocation to incentivise electronics manufacturing

Feb 01 2017

"We are creating an eco-system to make India a global hub for electronics manufacturing," said Jaitley.

Rs 9,000-crore allocation for crop insurance in 2017-18

Feb 01 2017

Arun Jaitley said the allocation for crop insurance has been increased to Rs 9,000 crore for the 2017-18 fiscal.

Only 76 lakh Indians showed income of over Rs 5 lakh

Feb 01 2017

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

Tribal Affairs Ministry gets Rs 5,329 crore in Budget

Feb 01 2017

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.

FM announces measures in budget to give relief to startups

Feb 01 2017

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

Delhi deprived of its share in taxes, says Sisodia of Budget

Feb 01 2017

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.

Transport infra projects get allocation of over Rs 241,000 crore

Feb 01 2017

Arun Jaitley proposed to allocate Rs 241,387 crore to the transportation sector in the Union Budget 2017-18.

Budget unveils tax incentive for building Andhra capital

Feb 01 2017

Arun Jaitley today exempted people, from capital gains tax on transfer of such land for development of the greenfield city

PM Mudra Yojana target doubled to Rs 2.44 lakh crore

Feb 01 2017

Arun Jaitley said the lending target under the Pradhan Mantri Mudra Yojana has been fixed at Rs 244,000 crore.

Subsidy bill up over 3 per cent at Rs 2.4 lakh cr in 2017-18

Feb 01 2017

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

Budget clueless, with no roadmap for country: Mamata

Feb 01 2017

Calling the Union Budget "controversial and clueless", Mamata Banerjee said it was without any roadmap for the country.

PM fulfilled his promise to bring transparency: Amit Shah

Feb 01 2017

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.

Budget - India plans oil giant to take on global rivals

Feb 01 2017

India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley said.

Auditors, valuers to be fined Rs 10,000 for incorrect certificate

Feb 01 2017

Jaitley also proposed to levy late fee in order to ensure timely filing of income tax returns.

Jaitley announces major push in credit for farmers

Feb 01 2017

Arun Jaitley here announced Rs 10 lakh crore for agriculture credit for the current fiscal year.

Govt to phase out tax sops on Rajiv Gandhi Equity Scheme

Feb 01 2017

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

Rs 10,000 cr provided for bank recapitalisation

Feb 01 2017

Jaitley announced Rs 10,000 cr for recapitalisation of banks owned by the central govt

First budget to reduce everyone's tax liability: Jaitley

Feb 01 2017

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.

Post-note ban data will be used to widen tax net: Jaitley

Feb 01 2017

India was largely a tax non-compliant society and that the data received post-demonetisation will be used for expanding the tax net.

New agency for higher education entrance, UGC reform on cards: Jaitley

Feb 01 2017

Jaitley also assured greater administrative and academic autonomy to educational institutions.

Govt to infuse Rs 10,000 cr in PSU banks in FY18

Feb 01 2017

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

Budget 2017-18: What's cheaper, what's dearer

Feb 01 2017

The fine print suggests a host of items can become either cheaper or dearer.

Rs 10,000 cr will be pumped in BharatNet in 2017-18: Jaitley

Feb 01 2017

The government said it will pump Rs 10,000 crore in 2017-18 in its BharatNet project to lay optical fibre cables.

Govt removes all taxes on PoS machines to push e-payments

Feb 01 2017

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 calls Budget 2017-18 'revolutionary'

Feb 01 2017

Ananth Kumar called the Union Budget 2017-18 a revolutionary one and said it will benefit the farmers

Jaitley proposes IT for education, more skill centres

Feb 01 2017

Students may see an increased presence of online courses at institutes of higher learning purposes.

Govt abolishes FIPB; more FDI policy easing on anvil

Feb 01 2017

Finance Minister Arun Jaitley today announced the abolition of FIPB, a body that clears proposals envisaging foreign investment up to Rs 5,000 crore

Uttam Budget aimed at helping the poor, SMEs: Modi

BTVI STAFF | Feb 01 2017

PM says this is a Budget for the future, for farmers, underprivileged, transparency, urban rejuvenation, rural development and enterprise.

Moody's analyst says India's budget "fiscally prudent", reforms key

Feb 01 2017

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.

Record Rs 3.96 L cr allocation for infra to spur growth: FM

Feb 01 2017

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

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

Feb 01 2017

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

Lok Sabha adjourned for the day

Feb 01 2017

Speaker Sumitra Mahajan said the House will meet at 11 am on Friday.

Highways allocation stepped up to Rs 64,000 cr: FM

Feb 01 2017

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 2017/18 budget – experts view on size of fiscal deficit mixed

Feb 01 2017

India will ramp up spending on rural areas, infrastructure and fighting poverty, Finance Minister Arun Jaitley said as he unveiled his annual budget.

Govt to unveil scheme for leather and footwear sector

Feb 01 2017

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

IRCTC, IRCON, IRFC to be listed on bourses: Jaitley

Feb 01 2017

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

Rs 2,000 maximum cash donation to political party by individual: FM

Feb 01 2017

Jaitley emphasized on the need for greater transparency in political funding.

Jaitley announces Rs 2,74,114 cr for defence

Feb 01 2017

To reduce the grievances of defence pensioners, Jaitley announced creation of web based interactive pension distribution system for defence pensioners.

Two new incentives to boost BHIM app adoption: Jaitley

Feb 01 2017

Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app

Budget 2017: Income tax rate cut to 5% for income of Rs 2.5-5 lakh

BTVI STAFF | Feb 01 2017

Jaitley says the total revenue foregone for the cut in tax rate will be Rs 15,500 crore.

Budget 2017: Sanitation cover under Swachh Bharat at 60% now

Feb 01 2017

Jaitley said here on Wednesday that sanitation cover in rural areas has gone up from 42 per cent to 60 per cent.

Budget lacks vision, a damp squib: Rahul Gandhi

Feb 01 2017

Rahul on Wednesday said the Union Budget lacked "vision" and was a "damp squib".

Jaitley lists 3 global challenges to India's growth in 2017

Feb 01 2017

The third challenges, Jaitley said, were signs of retreat from globalisation which would affect exports from emerging economies.

Budget 2017: Rs 8,000 cr infrastructure fund for dairy farmers

Feb 01 2017

Jaitley also announced a plan to create a dedicated micro irrigation fund with initial amount of Rs 5,000 cr.

Budget 2017: Corporate tax rate for SMEs cut to 25% from 30%

BTVI STAFF | Feb 01 2017

Jaitley says the revenue forgone due to the tax cut will be Rs 7,200 crore annually.

Budget 2017-18: Rs 1.84 lakh cr for women & child development

Feb 01 2017

Jaitley on Wednesday increased the allocation for women and children welfare from Rs 1.56 lakh cr to Rs 1.84 lakh cr.

Budget 2017: Fiscal Deficit to be cut to 3.2% in FY18, 3% in FY19

BTVI STAFF | Feb 01 2017

Jaitley says the government has stuck to the FRBM rule of cutting deficit by 0.3 percentage points annually.

Complete rural electrification by 2019, hike in MNREGA fund: Jaitley

Feb 01 2017

The govt has allocated Rs 4,843 crore for electrification in financial year 2017-18.

Budget 2017: Rs 1 lakh cr announced for railway safety fund

Feb 01 2017

Jaitley on Wednesday announced creation of a Railway Safety Fund of Rs one lakh crore over a period of five years.

Budget 2017: Tax rates cut, social, infra spend hiked to spur growth


FM cuts corp and income tax rates, hikes capital expenditure by 25.4% in FY18, to push economic growth.

Budget 2017: PMAY's allocation increases to Rs 23,000 cr

Feb 01 2017

Jaitley had allocated Rs 15,000 crore for the PMAY in the last year's budget.

India unveils budget for recovery after cash crunch

Feb 01 2017

"Pace of remonetisation has picked up and will soon reach comfortable levels".

Budget 2017 highlights

Feb 01 2017

Demonetisation aims to create a new normal, where the GDP would be bigger, cleaner and real.

Budget 2017: 'Focus on welfare, infrastructure with fiscal prudence'

Feb 01 2017

Jaitley on Wednesday said his Budget for 2017-18 allocates more towards rural areas, welfare schemes and infrastructure.

Jaitley presents Budget amid protest by Congress

Feb 01 2017

Jaitley on Wednesday started his budget speech amid protests from Congress members who were demanding adjournment of the proceedings for the day.

Budget 2017 - Transform, energise and clean India on govt’s agenda: FM

Feb 01 2017

FM said the focus of Budget 2017 will be on farmers, infrastructure, digital economy and tax administration.

Budget to try and ease pain from cash crunch

Feb 01 2017

Jaitley is likely to boost spending and ease back on cutting the deficit when he presents his fourth budget today.

Budget will be presented in parliament: Speaker

Feb 01 2017

"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."

Big mistake if budget not postponed: Congress

Feb 01 2017

Kharge on Wednesday said not adjourning the Parliament following the death of parliamentarian E. Ahamed, will be a big mistake.

High hopes from budget on reviving sagging economy

Feb 01 2017

Individual tax payers are hoping for both a hike in the exemption limit and deductions under Sec 80C of the IT Act.

Jaitley likely to go ahead with budget presentation today: Source

Feb 01 2017

Despite the death of sitting parliamentarian E. Ahamed, FM Jaitley is all set to present the Budget in Parliament on Wednesday, said sources.

Budget 2017: Balancing Modi’s populism and Jaitley’s FRBM


The Budget math could change if the government switches to a fiscal deficit range instead of a fixed target during FY18.

Rail Budget is dead, long live rail capex


Jaitley should cash in on Prabhu's rail capex plan to stimulate demand and spur growth

Expert views on pre-budget Economic Survey forecast for 2017/18

Jan 31 2017

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.

Profit booking, caution ahead of Union Budget subdue equities

Jan 31 2017

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, tax reforms to boost apparel, leather sectors: Survey

Jan 31 2017

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

Government welcomes debate on simultaneous polls: President

Jan 31 2017

Pranab Mukherjee said that frequent elections put development programmes on hold.

Economic Survey 2017 highlights

Jan 31 2017

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.

'Government to go for growth in Feb 1 budget, accept bigger deficit'

Jan 31 2017

Twenty-four of 36 economists surveyed said the govt's key theme in the budget will be to use additional borrowing to support growth.

The many challenges Jaitley must tackle with Budget 2017

Jan 31 2017

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 moots Universal Basic Income for India's poor

Jan 31 2017

Economic Survey 2016-17 advocated a Universal Basic Income scheme as an alternative poverty reduction mechanism.

India's growth to 'return to normal' after cash crunch

Jan 31 2017

The survey also said government pay rises and muted tax receipts could put pressure on the fiscal deficit in the coming fiscal year.

Economic Survey moots formation of PARA

Jan 31 2017

The Economic Survey 2016-17 tabled in Parliament has mooted the formation of a centralised public sector asset rehabilitation agency (PARA).

Fast remonetisation, tax rates cut to help in growth: Economic Survey

Jan 31 2017

The survey, tabled in Parliament by FM, said demonetisation has had short-term costs but holds the potential for long-term benefits.

Privatise civil aviation, banking to push reforms: Economic Survey

Jan 31 2017

The Economic Survey 2016-17 called for more privatisation in the civil aviation, banking and fertiliser sectors.

Rail Budget to focus on safety, infra development

Jan 31 2017

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

India's macroeconomic fundamentals very strong: President

Jan 31 2017

Setting the stage for presentation of the government's Economic Survey for 2017, President Pranab Mukherjee said India's macroeconomic fundamentals are very strong.

Budget should be investment, consumption-oriented: SBI Chairman

Jan 31 2017

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.

Government assures healthcare for all: President

Jan 31 2017

The government has taken several initiatives to provide healthcare to all, including an immunisation programme, Pranab Mukherjee said.

Economic Survey pegs FY18 GDP growth at 6.75-7.5%


The rise of protectionism after Donald Trump became the US president may weigh on FY18 growth prospects.

India's health budget may rise after minister warns of funding crunch

Jan 30 2017

More than a million Indian children die every year before reaching the age of five.

Budget documents to provide 'composite' outflow on schemes

Jan 30 2017

The Budget documents will have a different look this time with the Finance Ministry deciding to introduce the concept of 'composite outflow' of funds.

Solar players expect tax incentives in budget

Jan 30 2017

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.

Trinamool to skip Parliament on Budget day

Jan 30 2017

The Trinamool Congress announced that its members will not attend Parliament when the 2017-18 Budget will be presented.

Opposition to raise note ban in budget session

Jan 30 2017

Congress leader Scindia said his party would raise issues like demonetisation and increase in ceasefire violations on the LoC.

India readies budget to soothe voters after PM Modi's shock cashcrunch

Jan 30 2017

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.

Budget to be tough exercise post-note ban: Assocham

Jan 30 2017

According to Assocham, "the corporates are seeking reduction in the corporate tax rate to 25 per cent."

WEEK AHEAD: Global markets await first Fed move in Trump era

SHIV GUPTA | Jan 29 2017

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: Let’s bring in concessional tax in reality


Long term capital gains of FIIs arising from sale of unlisted securities is taxed at the rate of 10%.

BEPS: The changing phase in Transfer Pricing


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.

FRBM panel may have pitched for deficit range instead of fixed target

BTVI STAFF | Jan 23 2017

The government panel set up to review the working of FRBM Act, is expected to relax the fiscal deficit target.

Indians want more tax breaks in Budget 2017: Deloitte

BTVI STAFF | Jan 23 2017

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.

Measures to support growth likely in budget: Goldman Sachs

Jan 23 2017

Union Budget 2017-18 is likely to spell out measures to boost demand.

Budget 2017: Service Tax may be hiked by 1%

ASHUTOSH KUMAR | Jan 20 2017

Service tax may go up by 50-100 bps to 14.5-15%.

Govt firm on Budget on February 1

Jan 18 2017

The government has told Election Commission in Sept 2016 decision to advance Budget presentation by a month.

Government replies to Election Commission on Budget issue

Jan 10 2017

Government on Tuesday replied to the Election Commission on the opposition complaint against presenting the Union Budget before Assembly elections.

Budget date decided much in advance of poll schedule: Jaitley

Jan 08 2017

Jaitley said there was a practice to present the budget on February 28 but this year it would be presented on February 1.

Budget Session of Parliament to begin from Jan 31

Jan 07 2017

The Budget session of Parliament was convened to start from January 31, a day before the Union Budget is likely to be presented.

FinMin seeks Twitterati vote on focus of Budget 2017-18

Jan 06 2017

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.

Supreme Court refuses urgent hearing on plea to put off Union Budget

Jan 06 2017

Venkaiah Naidu today said the Union Budget is for the country and would not be state specific.

President: Demonetisation may lead to slowdown, poor need relief

BTVI STAFF | Jan 05 2017

Prez says need to be extra careful to alleviate the suffering of the poor .

Opposition meets EC against budget before polls

Jan 05 2017

Opposition parties approached the Election Commission seeking that the Union Budget's presentation be deferred.

Rockstar Gadkari's ministry faces capex cut in FY17, flat FY18 outlay

CHETAN BHUTANI | Jan 05 2017

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.

Amit Mitra walks out of pre-Budget meet,cites 'financial emergency'

Jan 04 2017

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.

Budget should not be linked to poll cycle: BJP

Jan 04 2017

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.

Jaitley to hold pre-Budget consultations with states on Jan 4

Jan 02 2017

Finance Minister Arun Jaitley will hold pre-budget consultation with states on January 4, after the meeting of the GST Council gets over.

Early Budget to make funds available at start of fiscal: PM Modi

Dec 27 2016

PM Modi said advancing the date of budget presentation would help getting funds authorised for different sectors at the start of the financial year.

Demonetisation a big bold step, Budget must roll out stimulus


Reliance Capital chief investment strategist Madhusudan Kela says government is in a “sweet spot” and has space to roll out stimulus in the Budget.

Jaitley pitches for lower tax rates ahead of Budget


India Inc has demanded cut in tax rates and bolstering government spending on infrastructure and rural areas to pump prime the economy.

A.D. 2017: Make or break moment for India’s 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.

FinMin invites suggestions from citizens for Budget FY18

BTVI STAFF | Dec 07 2016

The public feedback for Budget has been a regular feature on MyGov for the last two years.

‘Honest taxpayers don’t have to worry at all on the black money curbs’


Prabhu says the government may now step up spending in the Budget to spur demand.

Prabhu hints at hike in govt spending in Budget to spur demand


Prabhu says government needs to continue filling in the gaps in spending.

India Inc seeks tax cuts in Budget, FM tells them to spend in infra

ASHUTOSH KUMAR | Nov 26 2016

India Inc suggested complete elimination or a major reduction in Minimum Alternate Tax.

Jaitley hints at major social welfare scheme in the Budget

BTVI STAFF | Nov 26 2016

FM says one of the major priorities of the Government is to make an extensive social welfare system.

Budget must cut direct tax rates, GST to spur growth: Assocham


Assocham president Sunil Kanoria says demonetisation has crimped economic activity by 40%.

FinMin expects Budget to be presented on Feb 1

Nov 04 2016

Finance Ministry is gearing up to present the Budget for next fiscal around February 1, advancing the scheduled date by a month.

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