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  Business   Economy  01 Feb 2017

Business, Economy, 01 Feb 2017

Bankers lap up a 'balanced' Union Budget 2017

Chanda Kochhar of ICICI Bank said Arun Jaitley has tried to provide a growth impetus while maintaining fiscal prudence.

01 Feb 2017 7:35 PM

Union Budget 2017: Highways allocation hiked to Rs 64,900 crore

Highways sector had a budgetary estimate of Rs 57,976 crore for current fiscal 2016-17.

01 Feb 2017 7:11 PM

Union Budget 2017: Govt to phase out FIPB; further ease FDI rules

Arun Jaitley says ministries concerned will approve foreign investments; 90 per cent of current FDIs through automatic route.

01 Feb 2017 6:43 PM

Defence budget up over 6.2 per cent at Rs 2.74 lakh cr in 2017-18

Budget documents show that revised capital budget for this fiscal is Rs 71,700 crores.

01 Feb 2017 5:52 PM

Govt to reduce time for revising tax return to 12 months

In order to expand tax net, the Centre plans to have a simple one-page form to be filed as Income Tax Return.

01 Feb 2017 5:31 PM


'Budget safe and balanced' but could have been bolder

Biocon CMD Kiran Mazumdar-Shaw today rated the budget

01 Feb 2017 5:03 PM

Govt proposes Payments Regulatory Board in RBI

Government will undertake a comprehensive review of this Act and bring about appropriate amendments.

01 Feb 2017 4:58 PM

Budget to have positive impact on job market: Experts

Union Budget 2017 focuses on digitatisation, transparency, upliftment of women & youth, quality of education and rural India.

01 Feb 2017 4:44 PM

Govt to launch new scheme to fund export infra

FIEO said scheme will help create modern infrastructure like testing labs and certification centre.s.

01 Feb 2017 4:20 PM

High net worth NBFCs can access capital markets via IPOs: Arun Jaitley

Sebi and RBI along with the CBDT will jointly put in place the necessary mechanisms and procedures.

01 Feb 2017 4:11 PM


Govt to phase out tax sops on Rajiv Gandhi Equity Scheme

Tax saving scheme, which was announced in the Union Budget 2012-13 and was further expanded the next year.

01 Feb 2017 3:44 PM

Budget 2017: Income tax for small firms slashed to 25 per cent

As per the data of assessment year 2015-16, there are 6.94 lakh companies filing returns.

01 Feb 2017 3:31 PM

Union Budget 2017: Top highlights

Earlier, minimum income tax rate in country was 10 per cent for an income of Rs 2.5 lakh to Rs 5 lakh.

01 Feb 2017 3:28 PM

Budget 2017: Digi-pay to weed out corruption, new schemes on anvil

The FM also said that the BHIM app will unleash the power of mobile phones for making digital payments and financial inclusion.

01 Feb 2017 2:34 PM

Former RBI governor describes 2017-18 Budget ‘A fairly routine Budget’

C Rangarajan said changing road map to reach fiscal deficit target of 3 per cent over the year will make a mockery of FRBM Act.

01 Feb 2017 2:14 PM


Budget 2017: Jaitley says jobs, skill training among 10 key focus areas

Government proposes to extend Pradhan Mantri Kaushal Kendras to more than 600 districts across the country.

01 Feb 2017 2:08 PM

Fiscal deficit to be contained at 3.2 per cent in FY18: Arun Jaitley

Revenue deficit will be reduced to 2.1 per cent for 2017-18 from 2.3 per cent in the ongoing fiscal.

01 Feb 2017 1:59 PM

Budget 2017: Govt reduces tax, pledges to boost rural economy

Govt plans billions of dollars in spending to double farmers' incomes over the next five year.

01 Feb 2017 1:53 PM

Govt to frame new rules on medical devices to draw investments

Currently, 100 per cent FDI is allowed under the automatic route in the medical devices sector.

01 Feb 2017 1:44 PM

Budget 2017: Govt removes all taxes on PoS machines to push e-payments

Jaitley exempted components from taxes to encourage domestic manufacturing of these devices.

01 Feb 2017 1:40 PM