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Showing posts with the label Budget

UP Inc welcomes Union Budget 2017

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Industrialists laud focus on agriculture, MSME sectors and its objective to maintain fiscal prudence Uttar Pradesh Inc has welcomed the   Union Budget Of India   for its purported focus on the agricultural and Micro, Small and Medium (MSME) sectors and its objective to maintain fiscal prudence. The general opinion among the industrialists and industry chambers was the Budget had primarily focused on the farm sector, rural population, youth, poor and underprivileged health care, infrastructure, financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration. Confederation of Indian Industry (CII) UP State Council chairman and Tasty Dairy Specialties Limited managing director Atul Mehra said the Budget had accorded highest priority to rural and agricultural sectors due to its large employment potential. "The Budget would certainly boost the Indian economy as all the key sectors have been considered ...

Tax kitty to exceed Budget estimate in 2016-17, says Arun Jaitley

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Stands by decision to advance Budget date; many states seek loosening of fiscal deficit rule While some states have complained of declining tax revenues due to demonetisation, the Centre is hopeful of exceeding its   Budget 2017   Estimates (BE) for 2016-17 in both direct and indirect tax collections. It has reiterated the decision to advance the Budget presentation date to February 1, despite objections. “We will end this year with higher revenues for both direct and indirect taxes compared to the estimates,” said Finance Minister   Arun Jaitley   after the Goods and Services Tax Council meeting and pre-Budget consultation with state counterparts. The states raised concern over declining revenues and sought relaxation in the Fiscal Responsibility and Budget Management (FRBM) limit, beside central support to revive labour-intensive industries. To a query, Jaitley said the Reserve Bank (RBI) would remove the current restrictions on cash withdrawal after ...

PM Narendra Modi's new growth recipe: Just add water

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Like his father before him, Dattatatraya Kshirsagar, 80, has been looking forward for years to the day when a $65 million dam will be completed in his village, an hour-and-a-half drive southeast of Mumbai. The dam would supply enough water to irrigate 1,000 hectares (2,470 acres) of parched land around it, including Kshirsagar's 2.5-hectare family farm in Kondhane village. A steady water supply, instead of reliance on seasonal monsoon rains, would allow him to switch to cash crops and reap three harvests a year, instead of one now, Kshirsagar said. Read our full coverage on Union   Budget   2016 Read more from our special coverage on "NARENDRA MODI" Prime Minister to inaugurate agri fair Narendra Modi, Nitish Kumar bonhomie is reflection of Team India: BJP Narendra Modi  slams Congress in Bihar, lauds Nitish Kumar Using technology will improve court judgements: Modi Narendra Modi pitches for further quota reforms at IMF Kshirsagar's family ha...

Over half of BSE 500 stocks outperform market post Budget

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A sharp rally in equity market post Union  Budget   2016 - 17 presentation has seen over 90% of stocks in the BSE 500 segment give a positive return in the past four trading sessions. As many as 466 stocks from the BSE 500 index have rallied by up to 42% since February 29, as the BSE Sensex gained 1,644 points or 7.15% in the last four trading sessions ending at 24,646 points on March 4. Show full article Read more from our special coverage on "MARKETS" India remains a buy-on-dips market: Prabhat Awasthi Markets  likely to open flat; steel stocks in focus Markets log best weekly gain in seven years on FII buying 3 amendments that resulted in bank rally Markets consolidate after 3-day run Is the worst over? Nifty faces big resistance between 7,450 and 7,600 India remains a buy-on-dips market: Prabhat Awasthi Use rally to exit PSBs, say analysts Global factors to drive markets from here on: Tirthankar Patnaik

FM Arun Jaitley to Raghuram Rajan: It's your turn now

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Finance Minister Arun Jaitley's third Budget performed a delicate task of prioritisation: meeting additional spending burdens while staying on the previously announced path of fiscal consolidation. Jaitley kept infrastructure spending elevated while also addressing the slowdown in the rural economy; yet his estimates of increases in tax revenue were generally agreed to be reasonable, with the additional revenue coming from non-tax sources including disinvestment and spectrum auction receipts. This fiscal discipline will have increased pressure on the Reserve Bank of India to cut rates and spark an investment and growth recovery. ALSO READ:  Budget in 2 minutes                          Budget Nuts & Bolts THE KEY ISSUES CORPORATION TAX Option for New manufacturing firms to be taxed at 25%; one-time dispute resolution for retro tax PROVIDENT FUND Future deposits to be taxable in part when withdrawn Show ...

Union Budget 2016 Highlights and Takeaways from FM Arun Jaitley's Speech

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KEY HIGHLIGHTS -- GDP growth at 7.6% despite slowdown in global economy from 3.4% to 3.1%. CPI inflation down to 5.4% -- CAD from $18.4 billion in first half of last year to $14.4 billion this year -- To double income of farmers by 2022, sets aside Rs 35,984 crore for the purpose; to bring 28.5 lakh hectare under irrigation at a cost of Rs 17,000 crore -- Only 46% of 141 hectares of net cultivable area is irrigated, target to bring 28.5 lakh ha under irrgation, at Rs 17,000 cr next year Show full article Read more from our special coverage on "  Union Budget 2016 " Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016

FM Arun Jaitley unveils pro-poor Budget 2016-2017; pledges reforms

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Finance Minister Arun Jaitley unveiled a Budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling Bharatiya Janata Party (BJP) in coming state elections. Presenting his third Budget, Jaitley described Asia's third-largest economy as a bright spot in a gloomy global landscape but said the government wanted to ensure that the benefits of growth are more widely shared among India's 1.3 billion people. Show full article Read more from our special coverage on "  Union Budget 2016 " Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016

Budget 2016: Modi, Jaitley have a tough balancing act to do amid worries over growth, reforms

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Finance Minister Arun Jaitley is set to present India's national budget for the next fiscal on Monday amid worries over the country's stagnating growth rate, government finances and direction of reforms. Will his proposals ease the fiscal burden of average citizens, notably individual tax payers, as also of the corporate sector is the question that comes to the forefront. Show full article Read more from our special coverage on " Budget 2016 " Budget 2016 News Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016

5 income tax expectations from Budget 2016

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Budget  2016 countdown has begun and all eyes are yet again on Finance Minister Arun Jaitley with many more expectations. One of the major announcements to lookout for will be a possible revision of the  tax  slabs whereby tax exemption limits will be raised from Rs 2.5 lakhs currently to Rs 3 lakhs. The Economic Survey 2016 released on Friday has already suggested that tax exemption thresholds should not be raised but more measures should be taken to widen the tax net and end subsidies for the well-off. Below is the list of 5 expectations from the common man.  Show full article Read more from our special coverage on " Budget 2016 " Budget 2016 News Live Blog: FM Jaitley to present Union Budget 2016 Live: Union Budget to set the tone for markets Exclusive Photos on India Union Budget 2016 Business Standard News