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Budget 2017 impact News

06 Feb 2017

Focus of Budget is on tax compliance: CBDT

The Union Budget 2017-18 focuses on increasing tax compliance while at the same time safeguarding the honest tax payers from any harassment, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said on Monday

04 Feb 2017

Bill to address bankruptcy in financial sector to be introduced this session: Shaktikanta Das

Government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament in order to address the bankruptcy issue in the financial sector.

04 Feb 2017

Govt rules out tax incentive beyond Rs 2 lakh for second home

Ruling out rollback of the proposal to restrict tax incentive for second home to Rs 2 lakh per annum, Revenue Secretary Hasmukh Adhia on Saturday said there is no point in subsidising purchase of second property by those who have surplus funds.

Budget 2017 impact

01 Feb 2017

Digitial economy initiatives, cyber security measures in budget welcomed

Technology based companies have appreciated government's push for digital economy and cyber security measures announced in the Union budget today.

01 Feb 2017

Arun Jaitley's Budget offers tax balm, Sensex shoots up 486 points

A focus on fiscal discipline and clarity on FPI taxation as reflected in the Union Budget came as music to investors' ears, with the Sensex leaping nearly 486 points today to close at an over 3-month high of 28,142.

Budget 2017 impact

01 Feb 2017

India Inc welcomes Union Budget, gives thumbs up to infra push

Indian industry stakeholders have hailed the Union Budget 2017-18, especially the measures announced by Finance Minister Arun Jaitley for infrastructure push, on affordable housing and for expansion of the BharatNet project among others.

01 Feb 2017

Budget 2017: Railways to have special safety fund of Rs 1 lakh crore

With railways plagued by repeated derailments, government on Wednesday proposed setting up of a special safety fund of Rs 1 lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings.

Union Budget 2017

01 Feb 2017

Agri credit raised to record Rs 10 lakh crore in FY18

In a major thrust to agriculture, Finance Minister Arun Jaitley on Wednesday announced a whopping Rs 1 lakh crore hike in the credit target for the next fiscal to Rs 10 lakh crore as part of the government's efforts to double farm incomes in the next five years.

01 Feb 2017

Budget 2017 impact: Cigarettes, tobacco, mobiles assembled in India to turn dearer

Smokers and tobacco consumers will have to pay more for their indulgence as Finance Minister Arun Jaitley continued with the crackdown on cigarettes, bidis and tobacco products by increasing taxes in the Budget 2017-18.

01 Feb 2017

Budget 2017: Budget to boost jewellery sector, drive consumption

Taking a stance of 'no news is good news' jewellers today hailed the Union Budget, saying the focus on digitalisation is going to give an impetus to the sector and drive consumption.

01 Feb 2017

Union Budget 2017: Jaitley gives big leg-up to infrastructure industry

The infra industry has hailed the added focus the sector has received in the Budget, saying the proposals will give a big boost to this key growth driver.

01 Feb 2017

Budget 2017 – Little to affect the auto industry

The Finance Minister has announced that major indirect tax changes will be held off till the GST rollout.

01 Feb 2017

Union Budget 2017: Healthcare costs to become more affordable

Although no major reforms were announced, plans to amend Drugs and Cosmetics Rules, formulate new norms for medical devices and taking steps for strengthening medical education will reduce healthcare cost for the masses, industry players on Wednesday said.

01 Feb 2017

Union Budget 2017 to have positive impact on job market

The budget is expected to bring positive impact on job market as the focus on infrastructure and ease of doing business is aligned with the government's vision of job creation.

01 Feb 2017

Union Budget 2017: Budget to provide ample push for affordable housing, say experts

Hailing the government's decision to grant infrastructure status to affordable housing segment, experts believe it will provide ample push for the sector as developers will now be able to get access to preferential and lower borrowing rates from banks.

01 Feb 2017

Union Budget 2017: Jaitley gives major relief to the steel industry; waives basic custom duty on nickel

The government has waived basic custom duty on nickel -- a key steel making raw material -- in a major relief to the steel industry which is facing tough times.

01 Feb 2017

Union Budget 2017: FM announces measures to give relief to startups

In a relief to start-ups, Finance Minister Arun Jaitley on Wednesday proposed extending the time period for availing tax benefit for three years in the first seven years of existence.

01 Feb 2017

Union Budget: Income tax for small firms slashed to 25%

Finance Minister Arun Jaitley on Wednesday reduced the income tax for small companies with annual turnover of up to Rs 50 crore to 25 percent with a view to making MSME companies more viable and encouraging firms to migrate to company format.

01 Feb 2017

Budget 2017: Tax relief on capital gains for property sale proposed

The government also plans to extend the basket of financial instruments in which the capital gains can be invested without payment of tax.

Union Budget 2017

01 Feb 2017

Fiscal deficit for 2017-18 pegged at 3.2% of GDP; to achieve 3% in 2018-19

Finance Minister Arun Jaitley today said that the total expenditure in Budget for 2017-18 has been placed at Rs. 21.47 lakh crores. With the abolition of Plan-Non Plan classification of expenditure, the focus is now on Revenue and Capital expenditure.

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