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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 ...

All e-tickets booked through the IRCTC website will get cheaper Call it a populist budget or a socialist one, Modi government has put in every effort to cast away gloom that had settled in post demonetisation move. Finance Minister Arun Jaitley on Wednesday presented a historic budget - since this was the first one in 92 years, which merged Railway   Budget 2017   to the Union one. A comprehensive budget from the Finance Minister was anticipated owing to the upcoming Assembly elections in Goa, Punjab, Uttar Pradesh, Manipur and Uttarakhand. commenting on the Budget, Prime Minister Narendra Modi said, "this Budget is yet again devoted to the well-being of the villages, farmers and the poor" While the common man has many reasons to be happy about, Jaitley certainly did wipe the smile off politicians' face across all parties. Here are some goodies handed out by the Finance Minister Arun Jaitley: Income Tax reduction : In a major step, Finance Minister Arun Jait...

Income tax rate cut to 5% for individuals having income between Rs 2.5 lakh-Rs 5 lakh Here are the highlights of Jaitley's   budget 2017   for the 2017/18 fiscal year that begins on April 1. FISCAL DEFICIT * The 2017/18 budget seeks to pursue prudent fiscal management to preserve financial stability. *Fiscal deficit at 3.4% *Revenue deficit stands reduced to 2.1% in Fy18 GROWTH * Jaitley says India seen as an engine of global growth DEMONETISATION * Demonetisation "a bold and decisive measure", will make GDP bigger and lead to higher tax revenues - finance minister * Hit to economy from government decision to outlaw high-denomination notes will be "transient", effects of demonetisation not expected to spill over to next year * Pace of remonetisation has picked up and will soon reach comfortable levels * Surplus money in the banking system will lower borrowing costs, increase credit flow INFLATION *Consumer price index inflation is...

There had been some confusion over presentation of the Budget following the death of MP E Ahamed Budget 2017 India   : Government and Parliament secretariat sources said the Budget speech by Finance Minister Arun Jaitley would be delivered according to schedule on Wednesday. Amid confusion over whether the Parliament would be adjourned following the death of sitting member of Parliament E Ahamed, sources said the Budget presentation would not be postponed. Ahamed, who was an Indian Union Muslim League Lok Sabha member and former Minister of State for External Affairs E Ahamed, passed away early morning on Wednesday.. He had suffered a cardiac arrest at the time of President Pranab Mukherjee's address to the joint sitting of Parliament on Tuesday afternoon. Government sources said there was needless confusion about the issue. Usually, the House proceedings are adjourned if a serving member passes away. But sources said there was no rule to this, and this was only a convent...