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NewsBudget 2016 announcements

Budget 2016 announcements News

01 Mar 2016

Market showing good momentum after Budget

01 Mar 2016

Jeweller's Strike Over Excise duty Hike

01 Mar 2016

Job Creation prospects from Budget

01 Mar 2016

Budget unlikely to fire market or the mood: Citigroup

The budget is not likely to "fire" the market or the mood, Citigroup said in a research report, maintaining a positive view on India with an year-end Sensex target of 27,200.

01 Mar 2016

Government clarifies, PPF contributions will continue to be tax free

Revenue Secretary Hasmukh Adhia on Tuesday said that Public Provident Fund (PPF) contributions will continue to be tax exempt.

01 Mar 2016

Budget 2016 has good news for people with under Rs 5 lakh salary –Know why

FM Jaitley's Budget announcement certainly has some good news for people earning less than or equal to Rs 5 lakh.

01 Mar 2016

American investors bullish on Indian budget: USIBC

American companies, either having a foothold or planning to set foot in India, are bullish on the latest budget presented by the Modi government, business advocacy group USIBC has said.

29 Feb 2016

For every rupee in govt kitty, 21 paise to come from borrowing

For every rupee in the government coffer, 21 paise will come from market borrowing in 2016-17, while 19 paise would be spent towards interest payment.

29 Feb 2016

Govt has passed the Budget "exams": Swraj Paul

Praising the Indian Budget, NRI industrialist Lord Swraj Paul on Monday said that it had got its priorities right by focussing on the rural sector and those less well-off.

29 Feb 2016

FM extends capital gain tax to merger of different plans in MF

Currently, capital gains tax is levied on consolidation or merger of multiple plans within a mutual fund (MF) scheme.

29 Feb 2016

Over Rs 7,290 cr allocated for AMRUT, 'Smart Cities' in budget

The government on Monday allocated about Rs 7,296 crore for two central schemes -- Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and 'Smart Cities' Mission.

29 Feb 2016

Union Budget 2016 at a glance

Here are the highlights of the Union Budget for 2016-17 (Apr-Mar), presented by Finance Minister Arun Jaitley in the Lok Sabha.

29 Feb 2016

DDT exemption will pave way for REITs launch: Experts

Finance Minister Arun Jaitley's proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds.

29 Feb 2016

First home buyers get Rs 50,000 more deduction on interest

Aiming to boost demand in realty sector, the government on Monday proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and tax incentives on development of affordable housing, besides exempting REITs from dividend distribution tax.

29 Feb 2016

No capital gains tax on redemption of gold bonds

In a bid to popularise the ambitious Sovereign Gold Bond scheme, Finance Minister Arun Jaitley on Monday proposed exempting such bonds from capital gains tax on redemption.

29 Feb 2016

Centre to provide Rs 1 lakh per family health cover

The Centre will launch a new health protection scheme under which a cover up to Rs one lakh per family will be provided bedsides opening around 3,000 medical stores across the country to provide quality medicines at affordable prices.

29 Feb 2016

Govt to hike FDI limit in stock exchanges to 15%

The government on Monday said foreign entities would be allowed to own up to 15 percent stake in domestic stock exchanges, a move that would help boost their global competitiveness.

29 Feb 2016

Budget disappoints on fiscal side, rules out rating revision: S&P

Rating agency Standard & Poor's while welcoming the Budget in general has said the proposals on the fiscal side shows only limited progress and has ruled out any changes in its rating outlook on the country in next 2 years.

29 Feb 2016

Budget will accomplish dream of housing for all: PM Modi

Prime Minister Narendra Modi on Monday hailed his Finance Minister Arun Jaitley for the poor-friendly general budget that will also fulfil their dream of owning a house.

29 Feb 2016

Budget is pro-village, pro-poor, pro-farmers: Modi

Prime Minister Narendra Modi on Monday said the Budget is pro-village, poor and farmers with focus on bringing about qualitative change in the country and alleviate poverty through a slew of time-bound programmes.

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