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Budget 2016 impact News

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.

Budget 2016 impact

29 Feb 2016

Budget 2016: Air travel to become expensive

Fliers will have to shell out more with the government proposing a hike of 6 percent in excise duty on jet fuel but it would not be applicable to the proposed Scheduled Commuter Airlines (SCAs) under the regional connectivity scheme.

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

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

Infra outlay at Rs 2.21 lakh crore, proactive steps to boost growth

Allocating a major share to infrastructure that includes Rs 2.21 lakh crore outlay, Finance Minister Arun Jaitley today said enhanced allocations coupled with reforms and steps will remove obstacles impeding the sector's growth.

29 Feb 2016

Govt to announce PSBs' consolidation plan; to infuse Rs 25,000 crore

Government will unveil a roadmap for consolidation of public sector banks (PSBs) which are expected to get an infusion of Rs 25,000 crore next fiscal, Finance Minister Arun Jaitley said Monday.

29 Feb 2016

Cars set to become costly as Arun Jaitley proposes infra cess of upto 4%

Car prices, including those of mass market small ones, are set to go up as Finance Minister Arun Jaitley today proposed to levy an infrastructure cess of up to 4 percent on various kinds of vehicles.

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