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Budget Top News
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January 07, 2019 15:36 IST Mumbai| India Infoline News Service
The Union Budget is prepared for a period between April 1 to March 31 each year and is classified into (a) revenue budget and (b) capital budget....
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Fiscal deficit to be 3.3% of the GDP for the coming fiscal year
February 01, 2018 17:28 IST Mumbai| India Infoline News ServiceGovt has also accepted the recommendation to use fiscal deficit target as the key operatio ...
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Customs duty on mobile phones raised to 20% from 15%
February 01, 2018 17:26 IST Mumbai| India Infoline News ServiceJaitley acknowledged there is substantial potential for domestic value addition in certain...
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Rs1,200cr allocated for 1.5 lakh health and wellness centres
February 01, 2018 17:20 IST Mumbai| India Infoline News ServiceFinance Minister said that these two health sector initiatives under Ayushman Bharat Progr...
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FD and post office interest will be exempted till Rs50,000
February 01, 2018 17:15 IST Mumbai| India Infoline News ServiceThe Finance Minister announced raising the limit of deduction for health insurance premium...
Budget Analysis
Union Budget 2016-17: Spotlight on fiscal prudence
Sometimes, no bad news can be considered as good news. With none of the feared negatives making it in the Union Budget (no increase in time frame for long term capital gains or super-rich tax or hike in basic excise), it remained more of a neutral event in our view. We term it as neutral because in his second Budget presentation as FM, Jaitley had ample time to deliver a dream Budget – one that would have simplified taxation, guided on GST, reduced corporate tax by 1% as promised and cut on non-Plan expenditure. However, hardly any relief was given on direct tax (in fact there were some roll-backs for corporates), possibly due to only 6.6% revenue growth, which was half of the budgeted growth. Plan expenditure spend rose only 2% whereas non-Plan expenditure grew by 7.8% and the FM proposed doing away with the bifurcation - which is actually a good indicator for the government to evaluate its spending on both fronts - so one sees little gain in doing away with it. Even subsidies, as a percentage of GDP, have risen from 1.7% to 1.9%, due to higher jump in food subsidy. Perhaps, the political need of the hour prompted many socialist measures....Read moreECONOMIC SURVEY 2015 - 16
A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2015–16 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy.
Rail Budget
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Railways Vision 2020 to meet long felt desires of common man: Suresh Prabhu
February 25, 2016 14:03 IST Mumbai | India Infoline News Service
Presenting the Railway Budget 2016-17 in Parliament today spelling out his vision, the Minister said that the ...
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Indian Railway Budget Speech 2016-17
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Highlights of the Railway Budget 2016-17
Budget Documents
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All About The Budget: The Union Budget this time makes a good attempt to guide the economy in the right direction...
Industry Reaction
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On the sidelines of Union Budget 2016-17
February 29, 2016 15:18 IST Mumbai | Mahalaxmi Hariharan
Arun Jaitley began his Budget speech in Parliament at sharp 11.03 am and ended at 12.45 pm. Chaos prevailed in...
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Union Budget 2016 prepares a ground for further rate cut: Future Generali India Life Insurance
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Budget will boost the demand for retail stores on high streets significantly
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FM's decision to stick fiscal deficit target of 3.5% is commendable : Chanda Kochhar
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FM has delivered a fiscally responsible budget: N Chandrasekaran, TCS
Fund Reaction
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Fiscal deficit of 3.5% is very credible step for the financial markets: Magma Fincorp
March 01, 2016 09:36 IST Mumbai | India Infoline News Service
Mr Jaitley once again relaxed the FDI policy in several sectors, including insurance and pension and asset rec...
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Sab ka saath, sab ka vikaas - Killol Pandya, Peerless Funds Management
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The government has stuck to its fiscal target of 3.5% - Amit Nigam
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The proposed outlay for physical infrastructure is unprecedented - Rajiv Shastri
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Fiscal prudence in the budget signals a commitment to macro-economic stability: Milind Barve
Janata Reactions
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“The Finance Minister has managed to carve out a well-balanced budget proposition with a good spread of focus across major sectors while addressing issues of business and economic relevance. The 9-pillar approach lays specific focus on industry sectors while slicing out timely and feasible objectives with clarity for execution.”
February 29, 2016 17:21 IST | Surya Kumar
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Am happy the budget has accepted the proposition that MSMEs and small entrepreneurs could pay tax at lower rate of 29%, which is a definite move towards progressive taxation in the corporate sector. This has been our long standing recommendation since many years. Further a key move is to tax new companies at 25% which reiterates to move towards lower corporate tax rates of 25% one day, which will make us more internationally competitive. By sticking to discipline on fiscal deficit at 3.5% the government has paved the road for reduction in interest rates by the RBI hopefully very soon
February 29, 2016 15:30 IST | raman
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Am happy the budget has accepted the proposition that MSMEs and small entrepreneurs could pay tax at lower rate of 29%, which is a definite move towards progressive taxation in the corporate sector. This has been our long standing recommendation since many years. Further a key move is to tax new companies at 25% which reiterates to move towards lower corporate tax rates of 25% one day, which will make us more internationally competitive. By sticking to discipline on fiscal deficit at 3.5% the government has paved the road for reduction in interest rates by the RBI hopefully very soon
February 29, 2016 15:29 IST | raman
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Am happy the budget has accepted the proposition that MSMEs and small entrepreneurs could pay tax at lower rate of 29%, which is a definite move towards progressive taxation in the corporate sector. This has been our long standing recommendation since many years. Further a key move is to tax new companies at 25% which reiterates to move towards lower corporate tax rates of 25% one day, which will make us more internationally competitive. By sticking to discipline on fiscal deficit at 3.5% the government has paved the road for reduction in interest rates by the RBI hopefully very soon
February 29, 2016 15:29 IST | raman
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“With a specific focus on improving the livelihood of India’s soul, its rural population, the Union Budget 2016-17 seems to be aimed at putting more money in the hands of the citizens. Three specific initiatives that I think will go a long way in creating an educated, healthier and stronger India are the government’s aim to double income of farmers in five years; new initiatives to increase irrigation access, and its objective to skill 1-crore youth in the next three years. On the other hand, healthcare has finally taken the center stage in the Budget. The Health Protection Scheme of Rs 1 lakh to cover unforeseen illness in poor families with an additional Rs 30,000 for senior citizens is a long-awaited and welcome step in deepening access. In addition, the government’s plan to add 3,000 pharmacies under the Jan Aushadhi Yojana to provide generic drugs at affordable rates is a commendable move. Moreover, the announcement of a National Dialysis Services Programme could not have
February 29, 2016 15:27 IST | krishna
Industry Expectations
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Union Budget Expectation: Govt should look at preventive healthcare
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Pre Budget Expectation: Tax should be waved off for the Business Correspondents commission
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Pre-budget expectations: We hope that govt takes a long term perspective to make the business viable again
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Limits of principal and interest payments on home loans should be deducted: NAREDCO
Fund Expectations
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Welcome relief on Service Tax for small distributors earning less than Rs. 10 lacs
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Budget Expectations: Govt should enhance tax benefits to boost investment
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Notify mutual funds for capital gains tax exemption: Vikaas M. Sachdeva, CEO, Edelweiss Asset Management
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Hike the additional tax deduction limit for NPS from Rs 50,000 to Rs 1 lakh: Sumit Shukla, CEO, HDFC Pension Fund
Janata Expectations
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Rs 38,500 crore allocated for MGNREGA
February 29, 2016 11:27 IST | neha
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Rs 38,500 crore allocated for MGNREGA
February 29, 2016 11:27 IST | neha
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some help for the startups could be benefecial for us
February 29, 2016 11:24 IST | arun yellenpantallu
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to increase the limit of tax exemption for the salaried class
February 29, 2016 11:23 IST | Asad Sayed
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to increase the limit of tax exemption for the salaried class
February 29, 2016 11:23 IST | Asad Sayed
Sectoral News
News
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Cruising well! BSE Auto Index rises 2%
The Index rose by 2.08% at 16,942.33 points. Tata Motors was the top gainer at 6.10% after showing 14% rise in JLR US sales in 14 years....
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Guj govt prohibits Tata Motors worker's protest, orders them to return to work
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Bharat Forge surges 4.8%; LIC increases stake
Sector Performer
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NSEBSE
Name | Price | % Change |
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Eicher Motors | 19328.4 |
6.5(0.03%) |
TVS Motor Co. | 287.05 |
1.4( 0.49%) |
Ashok Leyland | 94.25 |
0.8(0.86%) |
M & M | 1215.35 |
16.2(1.35%) |
Mah. Scooters | 1227 |
19.6(1.62%) |
Budget Glossary
AD-VALOREM DUTIES These are the duties determined as a certain percentage of price of the product.
AD-VALOREM DUTIES It is a statement of receipts and expenditure of states for the financial year, presented to Parliament by the government. It is divided into three parts: Consolidated Fund, Contingency Fund and Public Account.
Budget Archives