Union Budget 2017 | The Asian Age

Friday, Apr 26, 2024 | Last Update : 08:36 PM IST

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The FM increased the funds from Rs 1, 56, 528 crore (2016-17) to Rs 1, 84, 632 crore (2017-18) for the welfare of women and children under the other schemes in other ministries. (Photo: AP/Representational)

Govt hikes funds for women and children by 27 per cent

An allocation of Rs 22,095 crore has been made for the ministry of WCD.

02 Feb 2017 4:17 AM

This newspaper was the first to report on January 29 that government plans to unveil a unified examination body for higher education sector.

Union Budget 2017: Arun Jaitley rolls out slew of education reforms

Access to SWAYAM would be widened by linkage with DTH channels, dedicated to education, says Arun Jaitley.

02 Feb 2017 4:10 AM

The Budget also said that there was a strong demand for abolition of MAT. (Representational Image)

Union Budget 2017: No mega deals for start-ups this year

Start-ups require government initiatives to create conducive environment rather than tax holidays, experts opined.

02 Feb 2017 3:54 AM

Fiscal deficit in 2017-18 was earlier targeted to be brought down to 3 per cent from 3.5 per cent in the current fiscal.

Union Budget 2017: Fiscal deficit target on track

Arun Jaitley now targets 3 per cent fiscal deficit in 2018-19.

02 Feb 2017 3:31 AM

24 per cent higher allocation for agriculture, Rs 1 lakh crore hike in credit target.

Union Budget 2017: No loan waiver, farmers upset

Allocation for new crop insurance scheme has been increased to Rs 13,240 crore from budgeted Rs 5,500 crore.

02 Feb 2017 3:30 AM

Finance Minister Arun Jaitley with with MoS Arjun Ram Meghwal arrives in the Parliament to present the Union budget for 2017-18. (Photo: PTI)

Union Budget 2017: Govt intensifies black money war

Limiting cash transactions to Rs 3 lakh is in line with the recommendations of a Special Investigation Team set up on black money.

02 Feb 2017 3:24 AM

The critical Micro, Small and Medium Enterprises sector has been offered major tax relief in Budget 2017-18 by way of a major cut in corporate tax from 30 per cent to 25 per cent. (Representational Image)

Union Budget 2017: SMEs get major tax relief

This will be applicable to all firms with annual turnovers upto Rs 50 crore.

02 Feb 2017 3:24 AM

The Metro projects have been allocated Rs 17,810 crore this year, out of which Rs 150 crore has been given as a grant to the Delhi Metro in the Union Budget.

DMRC: New policy to enable easier funding

he new policy is likely to focus more on innovative models for the Metro network by introducing standardised and indigenous hardware.

02 Feb 2017 3:18 AM

Both ministers highlighted the fact that the Railways would benefit from the merger, and the decision will boost the overall infrastructure sector.

Joint Budget to keep Railways out of politics

Suresh Prabhu said the Budget was growth oriented for the Railways with a capital investment of Rs 1.31 lakh crore for the next fiscal year.

02 Feb 2017 3:11 AM

The SAD-BJP combination in Punjab could possibly lose the elections, and so a victory in UP for saffronites is crucial.

Union Budget 2017: BJP eyes key vote banks ahead of elections

In UP’s multi-corner contest, a major battle is raging to capture the dalit vote bank.

02 Feb 2017 3:00 AM

The FM has reaffirmed its intentions to roll-out the Goods and Services Tax soon.

Indirect taxes muted as GST on the anvil

There has been no increase in the basic duty rates under customs, central excise and service tax laws, which is a welcome move.

02 Feb 2017 2:58 AM

People watch the stock market on Wednesday morning.

Equity market gives a big thumbs up to Union Budget 2017

The budget responsibly refrained from any significant changes in indirect taxes.

02 Feb 2017 2:52 AM

Delhi Deputy Chief Minister Manish Sisodia (Photo: PTI/File)

Delhi deprived of tax share: AAP government

Rs 15 crore has also been allocated by the Centre to the AAP government for paying enhanced compensation to the 1984 riot victims.

02 Feb 2017 2:46 AM

Finance Minister Arun Jaitley tabling the Union Budget for 2017-18 in the Parliament in New Delhi. (Photo: PTI)

Union Budget 2017: Little populism, but reforms ignored too

Budgets are also weighed down by a major constant in that prior commitments take away the most.

02 Feb 2017 2:43 AM

The redefinition of affordable housing in terms of carpet area instead of the built up area would increase the unit size by 20-30 per cent.

Union Budget 2017: The Affordable housing Boost

This is expected to encourage leading realtors to focus on it.

02 Feb 2017 2:43 AM

Union Finance Minister Arun Jaitley addresses a Post-Budget press conference in New Delhi. (Photo: PTI)

It’s only the tip of the iceberg, bigger changes are on the way

On the agriculture front, the Budget contains wide-ranging initiatives aimed at boosting agricultural growth.

02 Feb 2017 2:42 AM

Union Budget 2017 brings cheer to Delhi

The grant for the Delhi Disaster Response Fund remained unchanged with an allocation of Rs 5 crore.

02 Feb 2017 2:41 AM

Union Budget 2017: For India Inc, a soothing balm

Affordable housing received high attention in the Budget, recognising its vital role as an engine of growth.

02 Feb 2017 2:40 AM

Finance Minister Arun Jaitley (C) stands outside his office at North Block holding the briefcase containing the Union budget for 2017 and is flanked by MoS Arjun Meghwal (R) and Santosh Gangwar (L), in New Delhi. (Photo: PTI)

Union Budget 2017: A step towards GST

The rate of tax for income within the range of Rs 2.5 lakhs to Rs 5 lakhs has been reduced from 10 per cent to five per cent.

02 Feb 2017 2:38 AM

Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group

Union Budget 2017 draws mixed response from industrialists, farmers

Mr Ghosh, chairman and MD of Bandhan Bank said that the budget will be a boost to the pro rural econmony with a focus on agriculture, MSME