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  Business   Economy  01 Feb 2018

Business, Economy, 01 Feb 2018

Digital focus can help create jobs, better rural lives: Industry

Budget proposal to double allocation to Digital India initiative to Rs 3,073 cr is a fine booster to transform digital economy.

01 Feb 2018 5:18 PM

Jaitley raises MUDRA lending target to Rs 4 lakh crore for FY'19

Of the total loan accounts, 76 per cent are of women and more than 50 per cent belong to SCs, STs and OBCs.

01 Feb 2018 4:46 PM

Rs 2.95 lakh crore allocated for defence budget for 2018-19

Outlay for defence budget amounted to 12.10 per cent of the total budget of Rs 24,42,213 crore for 2018-19.

01 Feb 2018 4:18 PM

Govt expects Rs 48,661.42 crore from telecom sector in FY19

Govt earns revenue in the form of mainly licence fees and spectrum usage charges from telecom operators.

01 Feb 2018 3:36 PM

Budget for Railways: Bengaluru, Mumbai big gainers

Bengaluru will get a corpus of Rs 17,000 crore for the local rail network. Karnataka goes to polls this year.

01 Feb 2018 2:24 PM


Union Budget 2018 unveils healthcare for 500 million of India's poorest

The government currently provides 30,000 rupees towards healthcare for poor families.

01 Feb 2018 2:11 PM

Govt to soon announce steps to tackle NPAs of MSMEs: Jaitley

MUDRA Yojana launched in April 2015 has led to a sanction of Rs 4.6 lakh crore in credit to some 10.38 lakh MUDRA loans.

01 Feb 2018 1:48 PM

Budget 2018: Govt misses fiscal deficit target; higher at 3.5 pc in FY'18

Fiscal deficit has a bearing on sovereign rating of the country as well as the debt market.

01 Feb 2018 1:21 PM

Cryptocurrencies not legal, will eliminate their use: Jaitley

RBI has not given any licence to any entity/company to operate such currencies.

01 Feb 2018 12:45 PM

Govt to take steps to promote agri commodity exports: Jaitley

India's agri exports potential is as high as USD 100 billion against a current export of USD 30 billion.

01 Feb 2018 12:31 PM


Union Budget 2018 predicts exports to expand by 15 per cent this year

The country's merchandise shipments rose 12.36 per cent to USD 27.03 billion in December 2017.

01 Feb 2018 11:59 AM

India USD 2.5 trillion economy, set to be 5th largest in world: Jaitley

Finance Minister said in Budget speech that India will grow 7.2-7.5 per cent in second half of current fiscal.

01 Feb 2018 11:53 AM

India factory growth cools to 3-month low in Jan on weaker demand

Economy is still struggling to recover from a weaker demand trend seen since ban of high-value currency notes in Nov 2016.

01 Feb 2018 11:22 AM

Budget 2018: Relief for the salaried, standard deduction back of Rs 40k

There were hopes ahead of Budget that Finance Minister Arun Jaitley would make the middle class happy.

01 Feb 2018 10:54 AM

Budget 2018: GST revision concerns retailers

Gold jewellery retailers said they prefer old tax of one per cent on ornaments instead of three per cent.

01 Feb 2018 10:23 AM


India wants Budget to focus on rural sector, says survey

Around 25 per cent of the respondents were in favour of reducing the peak income tax rate to 25 per cent from 30 per cent.

01 Feb 2018 7:07 AM